Feb 28 2014
S2C Global Systems, Inc. and its wholly owned subsidiary S2C Global Resources ("the "Company") are pleased to announce the initiation of a US$600,000 Capital Infrastructure Project (CIP), to increase production at the San Cristobal Iron Ore Mine.
The CIP funding is a drawdown of the recently announced US$1.8 million financing, and is a condition of the acquisition terms for San Cristobal. The key component of the CIP is the heavy vehicle access road that will significantly increase the flow and tonnage of vehicles and equipment on the property. Additionally, an upgrade to the current staging and loading facilities will significantly enhance throughput. The end result of the CIP will increase the capacity of the mine from the current 400 tonne per day (tpd) to the Company's year-end of goal minimum of 1200 tpd.
Daniel Roth, the President & CEO of S2C Global, commented that the current access road is a major choke point for the San Cristobal mine, and a limiting factor in the size of equipment and vehicles that can readily access the property. The upgrades to the road, staging and loading areas, are of critical importance and will ultimately make a dramatic increase to the capacity of the mine.
For further information regarding S2C Global (STWG) visit our website at: S2C Global Systems, or contact us at (480) 305-2047
About the Company:
S2C Global Resources (STWG) is in the business of extracting both base and precious metals from known resource deposits primarily in the ore rich regions of Mexico. STWG is able to provide the technical expertise, knowledge of the local business environment and funding required for bringing existing undercapitalized small-scale mining operations into full production utilizing economies of scale to provide maximum return to our shareholders.
Source: S2C Global Systems, Inc.