TO?
I sure wish I could post J. Kaisers recent writeup on Birch. From what was read to me, I found it weak to say the least. To imply that Legg Mason has not avoided Birch because nobody within the company is qualified is full of replicating nanomanure.
Tests confirm nature of metals on Athabasca property
CALGARY, June 15 /CNW/ - Birch Mountain Resources Ltd. (BMD:CDNX), has
confirmed the nature of metals on its Athabasca property in tests conducted at
the University of Calgary and at the Materials Technology Laboratory of
CANMET, Natural Resources Canada. The Company has filed for a U.S. patent to
protect this discovery and associated proprietary technology.
Birch Mountain has confirmed that the form of the metallic elements
detected on its Athabasca Prairie Gold property has not previously been
reported in nature. The properties of the new form of gold and platinum group
metals may explain past problems encountered with both fire assay and wet
chemical methods for their detection and recovery. To the knowledge of the
Company and its consultants from industry, government research and academia,
this new discovery has not been documented in the technical literature. As a
result, Birch Mountain has initiated broad intellectual property protection of
its technology.
``Confirmation of a new form of naturally occurring precious metals and
advancement of our extraction and recovery technology to the patent pending
stage has significant implications for Birch Mountain and for the mining
industry,'' says President Doug Rowe.
In response to these developments, Birch Mountain has broadened the scope
of its exploration and technology development along four parallel lines of
activity:
- completing a fire assay protocol;
- developing an extraction and recovery process;
- defining material properties; and
- identifying the resource potential.
Completing a Fire Assay Protocol
--------------------------------
Completing a fire assay protocol for this new form of mineralization has
been more difficult than expected. Birch Mountain has contracted Strathcona
Mineral Services Limited to conduct the fire assay verification testing.
Although the Company has not yet nominated a fire assay protocol for
Strathcona to test, Strathcona has conducted independent sampling of drill
core and trench samples. While working to complete a fire assay protocol,
Birch Mountain is redirecting more resources toward advancing the precious
metal extraction and recovery technology in order to move the project ahead
more rapidly.
Developing an Extraction and Recovery Process
---------------------------------------------
Birch Mountain's technology uses relatively simple methods to extract
precious metals into solution. The Company is now focusing on developing
procedures to recover precious metals in metallic form from these solutions.
Recognizing that verification testing is an integral and ongoing part of
developing an extraction process, the Company has also initiated independent
verification of its extraction technology.
Defining Material Properties
----------------------------
The hypothesized nature of this previously unreported form of
mineralization has been confirmed through work done at the University of
Calgary and at CANMET. Because the form of mineralization is new to extractive
metallurgy, Birch Mountain is working with specialists who can assist in
further characterizing the form and properties of these precious metals to
facilitate the development of a fire assay protocol and a commercial
extraction and recovery process.
Identifying the Resource Potential
----------------------------------
Through core examination and electric log studies, Birch Mountain has
defined the geological, geochemical and geophysical characteristics of altered
rocks in parts of its two million acre Athabasca property in northeastern
Alberta. By applying the Company's extraction methods to exploration, Birch
Mountain geologists are now able to estimate the level of precious metals
within bodies of altered rock.
The Annual General and Special Meeting of common shareholders of Birch
Mountain Resources Ltd. will be held at the Calgary Chamber of Commerce, 2nd
Floor, Room 206, 517 Centre Street South, Calgary, Alberta at 3:30 PM on
Thursday, June 22, 2000.
FORWARD-LOOKING STATEMENTS: This news release contains certain forward-
looking statements. All statements, other than statements of historical fact,
included herein, including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and
objectives of Birch Mountain Resources Ltd. (``Birch Mountain'') 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. Important factors that could cause actual results to differ
materially from Birch Mountain's expectations are disclosed elsewhere in Birch
Mountain's documents filed from time to time with the Canadian Venture
Exchange and other regulatory authorities. Forward-looking statements are
based on the estimates and opinions of management on the date the statements
are made, and Birch Mountain does not undertake any obligation to update
forward-looking statements should conditions or management's estimates or
opinions change.
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00003909E
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