Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Thompson who wrote (11606)	10/7/1999 9:31:00 AM
From: Bob Walsh	Respond to of 14226

NR: Global Platinum + Gold, Inc. Announces Order For Production Facility SALT LAKE CITY, Oct. 7 /PRNewswire/ -- The following is being issued by Global Platinum + Gold, Inc. (OTC Bulletin Board: GPGI - news): Global is pleased to announce that it has reached an agreement to have a small turnkey production facility constructed and delivered to our mill site in approximately three weeks from date. This agreement arises out of a successful laboratory demonstration wherein Global's leach solutions were found to be compatible with a technology provided to us by our supplier. For the past number of weeks, Global has been engaged in developing and testing a new leach and precipitation method. The assays of the leach precipitate show significant amounts of gold, platinum, palladium and rhodium. As of this date, Global has in inventory approximately 75 pounds of dried precipitate and intends to recover the precious metals therefrom utilizing this new production facility. Global believes these recent developments represent an extraordinary turning point in Global's ability to recover platinum group metals from its ores. It is to be emphasized the turnkey facility we have now contracted for to be constructed and delivered to our mill site is in essence a pilot plant. Once a determination is made this technology works satisfactorily, then Global intends to move up to a much larger production facility. Our supplier has also agreed to make available their technical personnel to put the plant into operation and train Global's personnel in the operation of the plant. One of the many advantages of using this technology is that the platinum group metals alluded from each days operations require little or no further refining and can be sold immediately to the end user. This communication to shareholders and the public contains certain 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 limitations 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. For information contact: Robert J. Nielson 801-277-0744 SOURCE: Global Platinum + Gold, Inc.