To all, he wasn't wrong. Following was copied from GPGI Web Site.
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31 March 1998
The following will appear in the wire services today.
"BONANZA" IS WHAT SOUTH AFRICAN
MINING EXPERT CALLS HASSAYAMPA ORE PILE.
Mr. Richard Jensen, CEO of Global Platinum + Gold, Inc. (OTC:BB, GPGI) announced today that in a chain of custody test conducted by
Mr. Brian Russell, a world-renowned South African metallurgist, 0.704 ounces / ton of PGM's Gold and Silver was the value obtained in the
test of the Hassayampa ore. The Hassayampa has an estimated 500,000 tons of ore on the surface.
On February 5th Mr. Russell took a chain of custody sample of the Hassayampa ore, performed the preparation, and under his direction and
supervision, ordered Mr. Greg Iseman in Mr. Iseman's laboratory to perform the analysis. (It should be noted that the analysis performed used
standard methods and did not utilize the proprietary catalytic methodology developed by Global Platinum and Mr. Russell Twiford.)
In summary, the results were as follows on oz / ton calculated to the head ore.
Head ore in grams / ton
Gold...........1.82
Silver.........11.01
Platinum....5.69
Palladium..2.40
Rhodium...3.22
Total gold and PGM's
Grams / ton.......13.13
Ounces / ton.....0.383
Total PGM's, Gold and Silver
Grams / ton.......24.14
Ounces / ton.....0.704
Mr. Russell comments that "the Hassayampa dump represents a very valuable ore body"
In his written report Mr. Russell further states, "At 13.13g (0.38 oz.) per ton of gold and PGM's the Hassayampa is a bonanza. South African
mines are extracting 0.25 ounces per ton of gold from hard rock at three to four kilometers below surface and still making a profit. The
platinum mines operate very profitably at 6g (0.175ozs)/ton PGM's"
Brian Russell has a degree in geology and chemistry and has been active in the South African mining industry for forty seven-years. In that time
Mr. Russell has been employed by Goldfields, of South Africa as the official in charge of consulting to other mining houses. Mr. Russell was
director of the South African Minerals Bureau for a period of twelve-years. Mr. Russell has spent nineteen-years with the Council for Mineral
Technology, MINTEK, directing analytical research. In his final years at MINTEK Mr. Russell directed the development of metallurgical
process technologies. At MINTEK Mr. Russell published numerous scientific papers and he has supervised many candidates for doctorate
degrees
CONTACT: Dennis DeNoble...........801-277-0744.......(denoble@aros.net)
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Glad I got a little more at Good Guesser Jack's 'almost low' of 15/16. Should get another kick today from the news release.
Back to lurk mode, Bob |
