International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Matt C. Austin who wrote (26519)	11/15/1997 10:26:00 PM
From: Claude Cormier	Read Replies (2) of 35569

Matt, << They announced a fire assay after the the AGM that read .1+. After a lot of testing, it proved unreliable. >> What is your comment on the statement made by IPM on June 24th. "Additionally, IPM is delighted to announce that it has received the results of a standard fire assay performed by AuRIC on head grade samples of Black Rock material. These samples were excavated from a depth of between 16 to 24 feet from three separate holes approximately 500 meters from the holes on which the above recovery results have been announced. The assay of the same samples was done at least two times to confirm consistency and repeatability of results. " << The extraction process with the .25 numbers appears to have the same problems. It doesn't give reliable and repeatable numbers..>> Can you also comment on the statements below ? February 4th 97: "The test program reported on December 19, 1996 has successfully progressed from the 150 gram bench phase through the 10 and 22 kilogram batch phase, and now moves to the bulk test pilot plant. The assay returns from these phases indicate no degradation of recovery from previously announced results of 0.25+ oz/ton gold. As a result of the consistency of gold recoveries, IPM has moved the test program forward on schedule to bulk samples of approximately 250 to 500 kilograms." February 13th 97: "In its weekly summary to IPM the lab also reported a very favorable outcome on the final mid-sized samples of 30 kilograms, achieving 0.25+ oz/ton gold recovery, the same as the 150 gram bench scale tests. " March 11, 1997 -- "International Precious Metals Corporation (IPM) announced today that the independent research facility conducting its precious metals recovery program has reported that assays from bulk sample sizes of 250 kilograms show no degradation of gold recovery." They have work for months with this recovery process, and confirm many times no degradation. How do you reach your conclusion that the process finally..."...appears to have the same problems. It doesn't give reliable and repeatable numbers..." CC

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