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CRGP (Calissio Resources Group, Inc.)


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crgp logoCalissio Resources Group, Inc. (CRGP) is a mining company with a focus on the acquisition and development of base metal properties in Mexico that are currently in or near production.

CRGP’s current primary mineral assets are two wholly owned mines located in Michoacán, Mexico known as the Jovita and San Pedro Mines. Stretching across 250 hectares, or approximately 618 acres, the Jovita Mine is an operating copper mine that has received multiple upgrades to increase production to a current 200 tons per day. However, the company expects to implement additional upgrades to increase capacity to an estimated 500 -1,000 tons per day and expand the mining claim to approximately 2,800 hectares in the future, as claim studies have concluded an estimated 70.8 million pounds of copper concentrate are present for every 250 hectares and has sufficient stock for the next 33 years. At an average price of $2.70 per pound, the company has the potential to generate over $191 million for every 250 hectares of property.

Similar in production is the company’s San Pedro Mine who also Received Upgrades to increase production from 120 tons per pound to 200 tons per pound. However, after Recent Additional Upgrades, CRGP expects to have the claim running at maximum capacity of 1,400 tons per week or approximately 18,000 tons per quarter in the near future. At said production, this claim has the potential to generate annual revenues of $4.4 million at present copper prices

Further improvements include the Cobre El Desvan property, the company’s Latest Acquisition, which has increased production from 200 tons per day to 350 tons per day and has Initiated a Trenching Program to further analyze property samples.

 

Symbol: CRGP [ Current PPS: $0.089 Outstanding Shares: 113.5M Float: 5.6M – a/o April 28, 2015 ]

crgp chart

Website(s): www.calissiominerals.com

 

Market

  • Michoacán, Mexico is a historic mining region in Western Mexico with a large, deep sea port that is located along the Pacific coastline and is well situated for easy transport and supply for the Western U.S., Asian, and other Pacific Rim markets.
  • In 2014, the use of copper increased 12%.

 

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