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BigSlickAK
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Check out the news on GPGI.PK They are finishing this plant which will bring in much more revenue. It will be finished in June. Look at this comapanies past few news articles. Its a legit company whick looks like it is just starting to boom.
Posts: 16 | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
BigSlickAK
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Global Platinum + Gold, Inc. Reports on Status of New Plant Construction and Updates... [DXQDFGP]

Global Platinum + Gold, Inc. Reports on Status of New Plant Construction and
Updates Pilot Plant Production Data

SALT LAKE CITY, March 1 /PRNewswire-FirstCall/ -- The following is being
issued by Global Platinum + Gold, Inc. (OTC: GPGI):
Global is pleased to report the prefabricated building and much of the
equipment to equip the same are now being ordered. It is expected that it
will take almost two months for the component parts of the building to arrive,
but just a few days to assemble it. In the meantime the engineering and
architectural studies are being undertaken in preparation for applying for the
various permits that will allow us to operate the plant. We entertain the
hope the plant can be completed and operational sometime in June. The new
plant will be a state of the art automated facility with a fully equipped
laboratory. The plant will consist of 10,000 square feet of processing space
with room to expand as circumstances warrant. The plant will have an initial
capacity to process approximately 10,000 gallons of leach solution per day.
Putting that number in context, our pilot plant tests have demonstrated that
we can recover on average approximately 10 troy ounces of gold (99.48% pure)
and approximately the same number of ounces of platinum (97.5% pure) per
1,000 gallons of leach solution.
It is anticipated there will be a gradual increase in daily production
when production is actually commenced. We need to make sure the process flows
smoothly, the equipment works properly, and for the task of training new
personnel in the various steps and procedures involved in the production
process.
Global considers the pilot plant joint venture with PGM Corporation to be
a resounding success. We have made a sufficient number of test runs with
results that have been verified by an independent reputable eastern refiner
and now feel comfortable in the average recoveries of gold and platinum set
forth above. Prior to the end of March, 2005, Global will have acquired PGM
Corporation in a stock for stock transaction (one for one stock exchange
together with options granted to acquire half again the number of shares
originally owned-approx 20,000,000). The new plant will be located on
approximately 305 acres owned by PGM. The benefit of this transaction to the
shareholders of Global is the complete ownership of the process used by the
Company to produce gold and platinum, and secondly, the subject property has
over $1 million in equity, which will utilized to provide the initial working
capital to run the plant. Although difficult to presently estimate, in the
first six months of operation the plant should produce gross revenues of
approximately $1 million.
The Management of Global and PGM are very excited about the future
prospects of the Company and thank you for your continued support.
This communication to shareholders and the public contain certain forward
looking statements. Actual results may vary materially from those indicated
by such statements. All statements, other than statements of historical fact,
included herein, including, without limitation, statements regarding estimated
reserves, estimated future production, and the value thereof, are forward
looking statements that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such
statements.
www.globalplatinumonline.com
SOURCE Global Platinum + Gold, Inc.
01Mar05 14:27 GMT
Symbols:
us;GPGI
Source PRN PR Newswire
Categories:
MST/I/CON MST/I/MKT MST/I/MNG MST/I/POL MST/L/EN MST/R/US/UT TGT/PRX

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