Inca One cheers Peruvian investment in infrastructure

2013-02-05 09:01 ET - News Release

 

Mr. Edward Kelly reports

INCA ONE RESOURCES CORP.: PERUVIAN GOVERNMENT TO SPEND $68 MILLION USD IN INFRASTRUCTURE NEAR LAS HUAQUILLAS GOLD PROJECT IN NORTHERN PERU

Inca One Resources Corp. has learned that as part of Peruvian President Huamala's mandate for public investment, $68-million (U.S.) will be spent over the span of 2013 to 2015 on building and improving infrastructure in northern Peru to rehabilitate roads from Chamaya-Jaen-San Ignacio-Rio Chinchipe near the Peruvian/Ecuador boarder. This is a major transformation of approximately 125 kilometres of poorly built gravel/dirt roads to widened paved roads, and great news for both local residents and foreign operating mining operations.

Currently four international mining companies operate out of northern Peru: Rio Tinto (La Granja), Newmont (Yanacocha), Anglo American (Michiquillay) and Goldfields (La Cima). Inca One Resources' Las Huaquillas gold project will greatly benefit from large-scale investment and construction of modernized roads and power grid.

President Humala won the national Peruvian election in 2011 based on the mandate for social inclusion, revitalizing the economy, and closing the income gap between the rich and poor. In the newest national poll by GFK Peru, President Humala's popularity increased by five points to 55 per cent. He is most popular among the wealthy, with 66 per cent, and in the jungle, with 67 per cent. According to the poll, the president gets his strongest marks for social programs on behalf of the poor.

"This news about the government's major investment to build infrastructure is a testament of President Humala's fulfilling his campaign promise of social inclusion," commented Edward Kelly, president of Inca One. "We are very encouraged to see this commitment by the central government to further the economic development of northern Peru."

Inca One announced on Tuesday, Jan. 28, 2013, that it has submitted a DIA to the Ministry of Energy and Mines for the Las Haquillas project in northern Peru.

We seek Safe Harbor.