Wednesday September 5, 8:31 am Eastern Time
Press Release
SOURCE: Global Platinum + Gold, Inc.
Global Platinum + Gold, Inc. Announces Publication of Fischer Report
SALT LAKE CITY, Sept. 5 /PRNewswire/ -- The following is being issued by Global Platinum + Gold, Inc. (OTC: GPGI - news):
Global is pleased to publish verbatim the independent report prepared by Robert E. Fischer, a registered and certified metallurgical engineer that represents verification that Global has approximately 8.4 ounces per ton of platinum in its Hassayampa ore. The report is as follows:
IDA-MET, INC.
215 Meadowbrook Drive
Nampa, ID 83686
During the latter part of February, 2001, I visited the Hassayampa mining and milling site owned by C & W Mining and leased by Global Platinum + Gold, Inc., at the request of Mr. Rusell Twiford, representing Global Platinum + Gold, Inc and the PGM Corporation.
I am a registered professional engineer with a Professional Metallurgical Engineering degree and BBA. My work history includes uranium and vanadium extraction, phosphate extraction and processing, plant design and construction and supervision. I was employed by Climax Uranium from 1956-1961 and by the J.R. Simplot Company, Inc. from 1961 through 1991. I retired in 1991 and formed my own consulting company, Ida-Met Inc., specializing in gold, platinum group metals, rare earth extractions and plant layout and design.
On site I found that the ore, which appeared to be primarily sand containing some calcium and small amounts of clay, was first screened to a minus 1/2 inch and ground in rubber lined ball mill to minus 100 mesh. The slurry was then leached for about one hour, filtered across a horizontal filter with the clean sand to the tailing pile and the pregnant liquor to their holding tank. The pregnant liquor formed the basis for documentation of the recovery procedure outlined in this report.
I first checked the pregnant liquor for evidence of the precious metals and found no evidence using a standard AA analysis. I then duplicated the method shown to me earlier by Mr. Twiford, and found evidence of considerable precious metals in the solution.
Forty gallons of liquor from the holding tank equal to 80 pounds of processed ore was put into a 50 gallon tank and I proceeded to follow Mr. Twiford's written instructions and was successful in recovering a net amount of platinum to metal in hand, extrapolated to ounces per ton of processed ore of 8.4 ounces, with an estimated fineness of 900 or better. A confidential atomic absorption technique was used to determine the platinum analysis at various steps while tracing the platinum as it passed from the actual leach solution through the precipitation and smelting to metal in hand.
The only individual allowed to help me was a Mr. Ryan Owens, who has an excellent reputation and was familiar with the procedures of precipitation and smelting. There is no doubt in my mind that this particular ``chain of custody'' test could not possibly have had any outside interference.
CONCLUSIONS: My overall conclusions are that the procedures used by Mr. Twiford in the recovery of the platinum are accurate and conclusive and should enable the user to extract platinum in commercial and economical quantities.
I also believe that the same procedure could be successful on the other precious metals, gold, palladium and rhodium.
/s/Robert E. Fischer
Consulting Engineer
March 7, 2001
SEAL
Within the next day or so, information regarding pro forma production data will be forthcoming.
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future production and estimated values, 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.
For information contact: Robert J. Nielson 801-277-0744, www.globalplatinum.com |
