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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Gerald Walls who wrote (2253)	2/12/1997 4:50:00 PM
From: ges turner	of 35569

From the 2/4/97 news release: "The tests will be performed independently utilizing a $3 million bulk test pilot plant. The facility was specifically designed for the processing of ores under highly controlled conditions, providing for the fine-tuning and optimization of the recovery process. IPM and the research facility expect the current round of pilot scale testing to be completed around mid-February. Behre Dolbear & Co., Inc., IPM's mining engineering consultants, in the normal course of their responsibilities, has been instructed to secure a suite of new BRX bulk samples for delivery to the pilot plant facility during the week of February 17th. Bulk sample process procedures for precious metals recovery will then recommence with Behre Dolbear monitoring." Interpretation: 2/4 thru 2/14 get the $3M plant ready 2/17 thru 2/21 BD deliver bulk samples to plant 2/24 recommence recovery procedures on bulk samples - BD monitoring It seems as though we have now been given a target date for the final activity of "mid-March".

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