From GPGI web page:
March 16, 1999
UPDATE
The results of the additional tests conducted since the press release dated February 25, 1999,
follow:
ALL FIGURES ARE OZ. RECOVERED PER TON OF SCREENED HEAD ORE
TEST #
PLATINUM
GOLD
RHODIUM
PALLADIUM
13
3.58
1.91
0.00
0.35
14
0.20
1.69
0.00
1.70
15
7.59
1.77
0.51
4.37
16
3.64
2.02
0.16
1.21
17
8.27
2.80
0.00
3.23
18
2.76
2.96
2.19
0.00
19
2.68
2.82
1.68
1.82
20
1.83
1.77
0.88
0.54
21
5.44
2.51
4.95
5.44
22
4.19
2.66
2.97
3.58
23
4.83
1.45
0.00
1.12
Average
4.09
2.21
1.21
2.12
Range
0.20 - 8.27
1.45 - 2.96
0.00 - 4.95
0.00 - 5.44
Comment
Testing is proceeding. An additional 18 tests are being added to the schedule to provide a more
detailed evaluation of the ore used in tests #21 and #22.
I would like to complete these additional tests prior to deciding on which ore/ores to process.
Revised Schedule
1.Conduct an additional 18 lab tests
2.Make a decision on the ore and the method of treatment on March 22, 1999
3.Commence production on March 23, 1999
4.Release the results of the Sabin Metals Inc. samples by March 31, 1999
5.Commence regular shipments to Sabin Metals Inc. by April 9, 1999
I will be returning to the plant later this week.
Mike McKay
Facilities Manager
March 16, 1999
This communication to shareholders and the public contains forward-looking statements. Actual
results may differ materially from those indicated by such statements. All statements, other than
statements of historical fact, included herein, including, without limitation, statements regarding future
production, are forward-looking statements that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. |
