About All Grade Mining Inc.  OTCQB:HYII

All Grade Mining, Inc., a development stage company, is engaged in the acquisition and exploration of mining properties in the Republic of Chile. Its primary asset is the Salitrosa iron ore mine that consists of 23 concessions covering an area of 741 hectares located in the Atacama Region, Chañaral Province. The company was formerly known as Hybred International, Inc. and changed its name to All Grade Mining, Inc. in November 2011. All Grade Mining, Inc. is based in Hackensack, New Jersey.

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NEWS: All Grade Mining Contracts Engineering Firm to Plan and Execute Extraction of Copper Sulfide on its Plateada Project

Company Estimates Monthly Revenue of $200,000 from Plateada by Doubling Previous Sulfide Production

HASBROUCK HEIGHTS, N.J. / December 18, 2013 / ACCESSWIRE / All Grade Mining (OTCBB:HYII), a development-stage company focused on the extraction of copper, today announced that the Company will be contracting Ambiental Chile, SA, a firm that specializes in mine engineering, compliance and permitting, to devise and execute an extraction plan of copper sulfide on its Plateada Project in Chile.

Initial estimates by Ambiental Chile have placed an initial target of 2,000 tons of copper sulfides to be achieved at Plateada, resulting in the production of 40 tons of high grade copper concentrate containing 42% – 45% copper, 800+ grams of silver and 9-12 grams of gold per ton. At today’s prices between $4,400 and $5,000 per ton, All Grade Mining projects monthly revenues between $176,000 and $200,000 from its Plateada Copper Sulfide Project with a gross profit margin of 45%.

Ambiental Chile’s evaluation of the Plateada mine included the surface area, the higher area copper oxide workings, the previous copper sulfide working in the center of the south face and the newest of the exploration tunnels at the base of the mountain. The firm showed that these three workings are all targeted a south by southwest vein up to 5 meters wide in some cases and that at the highest point of the workings clearly has produced and has substantial evidence of oxides.

Foreign Commerce, All Grade Mining’s primary Chilean contractor, will utilize the services of Ambiental Chile, SA and plans to hire an extraction contractor in the coming month based on skill, cost and availability. Following some initial excavation work and the inspection of tunnel closures by Sernageomin, the Chilean National Mining and Geology Service, All Grade Mining will commence full scale copper sulfide production at Plateada.

All Grade Mining’s CEO, Gary Kouletas, commented, “We are very pleased to begin the extraction process in the coming month and that Ambiental Chile’s estimates confirm our initial thoughts that we could generate up to $200,000 per month in revenue from copper sulfides on our Plateada project. This is the culmination of much hard work and planning by our primary contractor, Foreign Commerce and All Grade to ensure that we can significantly increase the volume of sulfides mined at Plateada that can be processed into high grade copper concentrate.”

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