First American redesigns KDS Micronex(TM) for extracting gold without the use of chemicals, files patent application to protect the process,and sells a machine to Vesuvius Inc (VUVV, pink sheets) for installation on their Tallulah Mine site in Sierra Dun Glen mining district,
Nevada (FASC-OTC, BB) VANCOUVER, May 4 /PRNewswire/ - C.L. Kantonen, Chairman of FASC is pleased to announce that Vesuvius Inc (VUVV, Pink sheets) has purchased a redesigned KDS Micronex Gold Machine for $ 225,000 USD (excluding motor) for processing gold bearing quartz at its Telullah mine site in Nevada. A new, direct drive diesel motor system is being built at VUVV's expense to power the equipment on their remote mine site where sufficient electrical power is not available.
Other changes are also being made to improve gold recovery rates. Preliminary testing to date, supervised by Dr. Robert Salter, Ph.D. has shown gold recovery rates of as high as 97%. After bench testing and system refinements scheduled for June 2001, the equipment is expected to be installed on site and fully operational by mid August 2001.
The new design features are being incorporated into FASC's new process patent for the efficient extraction of precious metals without using chemicals. The patent application was filed on April 20, 2001 and is pending after extensive work by Dr. Robert Salter PhD in consultation with Robert Beaupre, President of Beau Pre Mining Corp (BPD, CDNX).
The new diesel powered system will also be installed on the Valentine Mountain mine site in Canada, as it is believed to be superior in providing a high efficiency, low cost power supply for remote locations. FASC, through its agreement with Beaupre, has a 50% joint venture interest in the Valentine claims.
Certain information and statements included in this release constitute forward looking statements within the meaning of Federal Private Securities Litigation Reform Act of 1995
ON BEHALF OF THE BOARD OF DIRECTORS C.L. Kantonen (Chairman) FASC: (NASD Bulletin Board) Web Site: www.fasc.net SOURCE First American Scientific Corp. -0- 05/04/2001 /CONTACT: Corporate Communications, toll free 877-778-7101 or 800-561-8656; To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw./ -- VA274 -- 2376 05/04/2001 12:03 EDT prnewswire.com Copyright PR Newswire 2000. All rights reserved |
