This just in:
XENOLIX TECHNOLOGIES ANNOUNCES RESULTS FROM SECOND REFINER
SUMMIT, N.J.--(BUSINESS WIRE-NJ)—February 13, 2001—Xenolix Technologies,
Inc. (OTC: XTCI), a development-stage precious metals technology company,
reported the results of a second test of its initial production runs. Its
first test results were reported on February 2nd of this year. This new test
was conducted by an analytical laboratory selected by a second refiner, and
was performed on material processed by Xenolix using its proprietary
nanotechnology, and which the Company submitted.
The results of this second test reported as Troy Ounces per Ton are as
follows:
REPORT OF ANALYSIS
Gold Platinum Palladium Rhodium Total
3.54 3.90 3.71 2.40 13.55
The refiner has indicated to Xenolix that it would like the Company to
enhance the concentration of its processed material to a total of 50 Troy
ounces per ton of non-silver precious metals in order to better conform to
existing refining circuits. Xenolix is making changes to its production
processes with the goal of reaching this 50 Troy ounces per ton concentration
threshold.
Dr. Alvin C. Johnson, PhD., Directorand Vice President-Technology Research &
Development of the Company said, “We are hopeful that the changes we are
making to our production equipment and processes will result in reaching our
50 Troy ounces per ton goal. I must caution, however, that as with any
application of new science to production, no one can be certain that we will
be successful.”
The proprietary nano-technological processing technology invented by the
Xenolix seems to work with all precious metals precursor ores and materials
that have been tested including the basaltic scoria found on the Company's
property. The material selected and currently being processed by the Company
is environmentally benign fine-grained residual matter remaining from
commonplace commercial production processes. Most of the many producers of
such residual matter commonly dispose of it in open dumps and attribute no
value to it. Hundreds of millions of tons of similar material are available
throughout the country usually at a cost equal to the freight and handling
costs from its particular source. Xenolix, with its new technology, is
recycling some of this discarded material and converting it into what the
Company believes will be an important new source of precious metals.
Statements contained in this press release that are forward looking
statements are intended to be made pursuant to the Safe Harbor Provisions for
the PrivateSecurities Litigation Reform Act of 1995. These forward-looking
statements aresubject to the inherent uncertainties in predicting future
results and conditions. The Company undertakes no obligation to update or
revise theseforward-looking statements to reflect new events or
uncertainties.
Xenolix Technologies, Inc.
The Company is a Nevada Corporation headquartered in Summit, New Jersey,
which is inventing, researching and developing new precious metals
technologies based upon applying the nanotechnological science it is
pioneering. It is creating gold, silver and platinum element analytic
andextraction technology based upon this emerging science. The technology is
designed to transform refractory (difficult to detect and extract) precious
metal-bearing ores into forms of treated ore that respond well to standard
analytic and extraction techniques. The Company believes that it has made a
new discovery of a property in nature that causes materials orores to be
complex or refractory, and which has not heretofore been documented in the
scientific technical literature. The Company is attempting to commercialize
its nanotechnological intellectual property pertaining to precious bearing
materials and ores. There is neither any assurance that the Company’s
proprietary technology nor the patents it holds will be commercially
successful, or that if they were, that the Company will be able to exploit
them.
All inquiries can be made through the offices of Xenolix Technologies, Inc.
at 34 Maple St., Summit, NJ 07901 or by calling Shareholder Services at
(908) 277-3632 or FAX at (908) 277-2461. Xenolix Technologies information
can be found on its website at xenolix.com. |
