Posted here:
Thursday January 8, 12:12 pm Eastern Time
Company Press Release
Global Platinum + Gold Makes Announcement
SALT LAKE CITY--(BUSINESS WIRE)--Jan. 8, 1998--Global Platinum + Gold Inc. (OTC BB:GPGI - news) Thursday announced
that it has received revenues in the aggregate sum of $14,563.39 from three of the four refiners that it has made various sizes of shipments
of its copper dore bars and anode sludge to, namely, Englehard West, Auric Metallurgical Laboratories, and Handy & Harmon.
With the exception of Handy & Harmon, which refined silver only, the other refiners in each case recovered gold, platinum, palladium and
rhodium. The fourth refiner, Consolidated Noble Metals Inc., which was sent a larger shipment consisting of approximately 1,200 pounds
of copper dore bars and anode sludge expects to complete its refining work and remit the proceeds of sale by mid-January.
Although the amount of revenues received are in themselves not significant, what is important is that the company believes it has
resolved the greater number of difficulties in producing a concentrated ore product that can be subsequently refined using conventional
methodology.
The company believes these landmark events are the first commercial payments from refiners for precious metals produced from a
so-called ''desert sands'' company.
The company is presently capable of producing from its Hasayampa mill site located near Buckeye, Ariz., approximately 4,300 pounds per
month of copper dore bars, and has immediate plans to double its present capacity through the addition of two new furnaces. The
company's Hasayampa mine site has approximately 500,000 tons of ore screened and stockpiled ready to be concentrated.
Global Platinum + Gold Inc. is traded on the NASD OTC Bulletin Board quotation system under the symbol ''GPGI.'' Any requests for
additional information concerning the foregoing should be directed to the company, or visit the company's website at gpgi.com .
Contact:
Global Platinum + Gold Inc., Salt Lake City
Richard E. Jensen, 801/943-6884
FAX 801/942-7045 |
