Related Quotes Sym. Price Chg. WNCP Trade News 0.08 0 Wineco Reports on Additional Favorable Creek Samples
September 14, 2005 09:00:17 (ET)
SUNRISE, Fla., Sep 14, 2005 BUSINESS WIRE-- Wineco Productions Inc. (Pink Sheets:WNCP) announces additional results on samples collected during its July 2005 R&D trip to the Willow Creek mine located in the mountainous region approximately 125 miles north and east of Reno, Nev.
There are several existing settling ponds on the property. Two of those ponds, "Pond 1" and "Pond 2," showed significant gold in the fines accumulated at the deepest accessible points with the limited equipment available at the time.
"Pond 1" findings include that a 0.036 gram of gold was extracted from a one-half pound sample. This extrapolates to 144 grams of gold to the ton or more than 4.5 ounces to the ton-Troy.
Results from "Pond 2" indicated a 0.031 gram of gold was recovered from a one-half pound sample. This extrapolates to 124 grams per ton or 4 ounces to the ton-Troy.
The significance of these test results should not be underestimated. This is not a calculated number based on parts-per-million instrumentation readings and then extrapolated. Wineco's methods and results are based on the actual weight of the recovered metal utilizing the digestion and liquid/liquid recovery system that is utilized in their production plants. This is a true apple to apples recovery situation and is not theoretical.
These results combined with other work have identified the starting point for the operation of the portable pilot-plant. The on-site delivery date is slated for September 27, 2005.
Forward-looking statements are based on current expectations and assumptions that are subject to certain risks and uncertainties that could cause actual results to differ materially from WNCP's historical experience and its projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied in the forward-looking statements. Consequently, readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.
SOURCE: Wineco Productions Inc.
Wineco Productions Inc. Bill Saikal, 561-963-9887 Copyright Business Wire 2005
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