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 : SNC -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (108)	12/14/1999 11:50:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 161

South Atlantic Resources Ltd., Announces NAN Reports On Preliminary Design For Milling And Concentrating Facility For SNC-Project In Northern Sweden DECEMBER 14, 1999 VANCOUVER, BRITISH COLUMBIA--South Atlantic Resources Ltd., through its 39% owned publicly traded subsidiary North Atlantic Natural Resources AB (NAN), is pleased to announce that Kvaerner Metals has completed a preliminary design for a new milling and concentrating facility for the SNC-Project in the Skellefte mining district of northern Sweden. The facility is currently sized to process ores from the Storliden and Norrliden copper-zinc deposits at a rate of 850 tonnes per day. Using this design capacity in conjunction with metallurgical tests conducted by Lakefield Research Laboratories, the Storliden deposit alone is projected to yield an annual saleable metal production of approximately 11,000 tonnes of copper and 26,000 tonnes of zinc for a minimum period of six years. As part of the current pre-feasibility study, marketing studies are underway for optimizing sales to metal producers throughout Europe. Metallurgical testing for optimization of production from the Norrliden deposit is currently underway. Results are expected in late December, 1999. Plans call for exploitation of the Norrliden deposit immediately following the Storliden deposit. Kvaerner Metals is the mineral consulting arm of Kvaerner ASA B a large, diversified Anglo-Norwegian international engineering and construction group. Their work is being conducted in conjunction with the independent consulting firm Micon International Ltd. Lakefield Research Laboratories is an independent metallurgical testing facility, ON BEHALF OF THE BOARD "Edward F. Posey" President