GL Energy and Exp. GEEX News Release.
GL Energy and Explorations Inc.: The History of the La Barca-Choapa Norte HMS Project
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 31, 2003--GL
Energy and Explorations Inc. (OTCBB:GEEX):
-0-
*T
Shares outstanding 24,040,083
Free Trading 4,040,083
Float 600,000
*T
The personnel of SEM MINING CORPORATION originally started
preliminary evaluation work on the La Barca-Choapa Norte heavy mineral
sands project in late 1995 as part of a larger series of heavy mineral
sands deposits. In 1996 and 1997 the La Barca-Choapa Norte project in
conjunction with the adjoining Choapa Sur project were extensively
explored and tested which involved huge drill sampling, mapping and
bench testing with environmentally friendly and modern gravity and
electro-magnetic systems to recover the heavy mineral components
Rutile (Titanium), ilemenite, magnetite, olivine, rare earth oxides,
and fine free gold. In 1997 the company conducted tests to develop
marketable products utilizing the light mineral components of the
deposits.
Key personnel of SEM Mining Corporation includes, Larry Mashburn,
P.E., a graduate of metallurgical and mining engineering, who
designed, installed and still operates the first gravity recovery
plant to use Reichert Cones for the recovery of fine gold. Mr.
Mashburn is one of the leading experts on modern gravity and
electro-magnetic techniques, the same techniques to be used in this
project and is SEM's Chief Metallurgist. Consultants to this project
were Tom Ferree, P.E. and Robert Graves both divisional managers of
Mineral Technologies, the developers worldwide particularly in
Australia, United States and South America that recover rutile
(Titanium), ilemenite, fine gold and upgrading of Iron deposits in
Canada. Eduardo Esteffan a Chilean civil engineer is SEM's key
personnel in Chile as a general manager with extensive experience in
mineral exploration in Chile who has intimate knowledge of the
conditions unique in Chile under which mining activities operate.
SEM has developed enough open-pit reserves to last 55 years at a
rate of 7200 metric tons per day, 365 days a year.
Certain of these statements contained in the press release may be
deemed forward-looking statements. Such statements and other factors
that could cause actual results to differ materially from these
statements and matters are risks and other factors detailed from time
to time, in the Company's reports with Securities and Exchange
Commissions, including, but not limited to, the Company's Annual
Report on Form 10-K and it's Quarterly Reports of Form 10-Q.
--30--SH/na*
CONTACT: Pacific Bay Financial Corp.
Investor Relations:
Mike Skerry, 888-821-6607
Email: maskerry@shaw.ca
KEYWORD: INTERNATIONAL CANADA
INDUSTRY KEYWORD: ENERGY
SOURCE: GL Energy and Explorations Inc.
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