Genesis Electronics Group Inc. (OTC-Pink:"GEGI") sister company of (OTC-Pink:"QEDN") CEO Provides Corporate Update November 7, 2017
TURBO, Antioquia, Colombia, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Genesis Electronics Group Inc. (GEGI) (sister company of QED Connect also known as Inca Worldwide (QEDN)) CEO Juan David Perez Schile provides corporate update and scheduling of the mining business. Mr. Schile comments, “The operation at the Sesgalete vein is progressing according to plan. The first ore will come out of the ore shoot which will assure high grade rounding up at 15 gm/ton. After we establish protocol with the landowner, at the western part of the area another horizontal tunnel will be developed. All expenses have been kept well under control, and after production reaches 20 gm/ton/day the margins should maintain around 40% after tax. My team and I are extremely optimistic, and with the second tunnel, we should reach 20 tons in a shorter time than anticipated. We look forward to reaching our corporate goals, and we will continue to update shareholders as needed.”
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