FINALLY A PRESS RELEASE!!!
Please read all to get the true picture of this great news!
CHAIN OF CUSTODY
In early February Mr. Brian Russell of South Africa, visited the Hassayampa Mine
site. On February 5th Mr. Russell himself took a sample of the Hassayampa ore,
and he performed the preparation for a chain of custody analysis by Mr. Greg
Iseman in Mr. Iseman's laboratory. Mr. Iseman performed the analysis under the
direction of Mr. Russell. Following are direct quotations from Mr. Russell's report.
"In summary, the results were as follows in oz. Per ton calculated to head ore.
Gold
Silver
Platinum
Palladium
Rhodium
Head ore in grams/ton
1.82
11.01
5.69
2.40
3.22
Grams/ton
Ounces/ton
Total gold & PGM in head ore
13.13
0.383
Total gold, PGM and silver
24.14
0.704
Comments on Results
1. The amazing agreement between the head ore values determined by mass
balance on the leach components and by total decomposition demonstrates the
accuracy of Greg Iseman's analysis and can be accepted as valid precious metals
contents of the sample and solutions.
2. The silver is probably being left in the leach tailings because of small amounts of
chlorine in the tap water used. Silver chloride is insoluble.
3. With the exception of palladium the leach is not effectively extracting the
precious metals.
4. The borohydride precipitation is an efficient collector of gold but not of the
platinum metals.
5. The results could be legitimately accepted as obtained under chain of custody.
6. The Hassayampa dump represents a very valuable ore body."
Mr. Russell further states, "At 13.13g (0.38 ozs) per ton of gold and PGM's
(platinum group metals), the Hassayampa is a bonanza. South African mines are
extracting 0.25 ounces per ton of gold from hard rock at three to four kilometers
below surface and still making a profit. The platinum mines operate very profitably
at 6g (0.175ozs)/ton PGM's"
It should be noted that the results obtained by Mr. Russell & Mr. Iseman were
obtained by utilizing more standard methods and do not utilize the catalyst methods
developed by Global Platinum and Mr. Russell Twiford.
Mr. Brian Russell has a degree in geology and chemistry and has been active in the
South African mining industry for forty seven-years. In that time Mr. Russell has
been employed by Goldfields, of South Africa as the official in charge of consulting
to other mining houses. Additionally Mr. Russell was director of the South African
Minerals Bureau for a period of twelve-years. Mr. Russell has spent
nineteen-years with the Council for Mineral Technology directing analytical
research. In his final years at MINTEK Mr. Russell directed the development of
metallurgical process technologies. At MINTEK Mr. Russell published numerous
scientific papers and he has supervised many candidates for doctorate degrees.
Mr. Russell is now a consultant assisting US and African companies involved with
metal deposits.
AuRIC
AuRIC continues to work on the first 1031 lbs. of dore bars shipped from the
Hassayampa site. The process is taking much longer than anticipated by anyone.
AUDIT
We are very pleased to announce that the final information, regarding our Certified
Audit has been turned over to our auditors. We anticipate that the completed audit
can be as early as two weeks from this date. It is our intention to immediately file
with the NASD with the goal of being removed from the DESIGNATED
SECURITIES list. Being removed from the DESIGNATED SECURITIES list is
considered a major event by Global Platinum. We have been informed that even
though this audit is not complete prior to April 1st, we shall not be removed from
the Bulletin Board.
FORWARD LOOKING STATEMENTS:
Statements made by the company that relate to future plans, events or
performances are forward-looking statements. Any statement containing words
such as "believes," "anticipates," "plans," or "expects" is forward-looking, and these
statements involve risks and uncertainties and are biased on current expectations.
Consequently, actual results could differ materially from the expectations expressed
in these forward-looking statements.
For information contact: Dennis DeNoble (801) 277-0744, denoble@aros.net
OTCBB: GPGI
March 30, 1998
SALT LAKE CITY, MARCH 30, 1998 Global Platinum + Gold, Inc., GPGI |
