Year End Update - GL Energy & Explorations, Inc.
VANCOUVER, Dec. 16 /PRNewswire-FirstCall/ -- GL Energy & Exploration Inc.(GEEX) Starting in March 2000, SEM has expanded its land base on the property to cover adequately the surface areas of probable and possible ore reserves. Two weeks ago SEM's General Manager and Director informed the company that they have completed all the legal requirements and the required land survey of all the claims bringing the property from the status of "pedimentos" (claims) to "Mensuras" (Surveyed Claims) so now SEM has legal title to the expanded Property.
SEM's Chief Metallurgist has completed the wheeled metal frame of the Pilot Plant and is in the process of packing the laboratory equipment for shipping to Chile.
SEM has started the process of acquiring the mining permits and on this regard SEM completed the EIS (Environmental Impact Statement), Estudio Impacto Ambiental (EIA), with the help of SEM's General Manager and Director in Chile, SEM's Environmental Consultant Jim York (Computer Expertise), and P.J. Santos. The EIS (EJA) complied fully with the requirements therefore the permitting process was considerably shortened since this report is sufficient for both the local and federal governments and only one permit for both the Pilot and Production plants will be required.
GL Energy & Exploration and SEM are now positioned for a quick start on preparing the prototype plant on the financing being closed.
GL Energy & Exploration is the financial partner having 60% interest in the properties while SEM is the operating company having 40% interest.
Contact Information:
Bob Munro (250) 377-3918
Certain of these statements contained in the press release may be deemed forward-looking statements, and factors that could actual results to differ materially from these statements and matter are risks that other factor detailed from time to time, in the Company's reports with Securities and Exchanges Commissions, including, but not limited to, the Company's Annual Report on form 10-K and its Quarterly Form 10-Q.
GL Energy and Exploration, Inc.
CONTACT: Bob Munro, 250-377-3918 |
