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Gold/Mining/Energy : Platinum Group Metals (PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Victorio who wrote (215)	1/21/2000 1:30:00 PM
From: Victorio	Respond to of 529

This post is dedicated to arch...the seeker of truth. The following is the summary of the MGAU Director who graduated from Georgetown, Harvard and Cornell who is a securities attorney and who taught securities law near you: James C. Lanshe Director James C. Lanshe was appointed as a Director on April 1, 1999. He has been admitted to practice law in Arizona, Kentucky, New York, Pennsylvania, the District of Columbia and before the Supreme Court of the United States of America. Mr Lanshe has degrees from Georgetown (B.A.), Harvard(M.P.A.) and is a graduate of Cornell University of Law. He has taught securities law as an adjunct faculty at the Law School at the University of Louisville. Mr. Lanshe has been involved in various investment banking activities, served on the boards of various public companies and currently serves as a consultant to a private Wall Street investment banking firm with offices in New York, Bermuda and London. The chairman/president of MGAU is former Treasurer and Chief Financial Officer of McGraw-Edison Company, a Fortune 500 NYSE listed manufacturer of electrical equipment. Now some more PGM news out: Tuesday January 18, 3:58 pm Eastern Time Company Press Release MG Natural Resources Reports Confirmation of Improved Precious Metals Technology PHOENIX--(BUSINESS WIRE)--Jan. 18, 2000--MG Natural Resources Corp.(OTC BB:MGAUE) Tuesday reported confirmation of its first test of an improved precious metals extraction process. The test was conducted on a sample of ore that was processed using this improved technology and then fire-assayed by the company using standard industry fire-assay procedures. The metal recovered from the fire-assay, which consisted of an unknown combination of precious metals was analyzed for specific metal content by SEMTEC Inc. of Phoenix, using a scanning electron microscope. The precious metals results of this test conducted by MG and SEMTEC are as follows: MG Fire-Assay Results Silver 4 troy ounces Recovered and per ton/ore weighed by MG Palladium and 2 troy ounces Recovered by MG and Platinum per ton/ore weight estimated by MG Precious Metals 5.6 troy ounces Weighed by MG in bead per ton/ore fire-assay and submitted to SEMTEC The 5.6 ounce per ton metal bead sample was carried to SEMTEC for analysis and determination of the specific metals contained in the bead. SEMTEC Scanning Electron Microscope Analysis of the 5.6 Ounce per Ton Sample Gold Major amount Iridium Major amount Rhodium Intermediate amount Ruthenium Lesser amount Base metals Trace amount MG is preparing larger pre-production samples that will be submitted to other analytic laboratories for providing quantitative results. After these quantitative results have been received, additional pre-production samples will be provided to several refiners for inspection. This extraction test was conducted on volcanic material from Northern Arizona that is geologically similar to the company's Sinagua Cinder Cone volcanic material. It was chosen not for the richness of its grade but because it was readily available. The MG-SEMTEC test was to prove out the technology and not the ore. This is consistent with the company's plan, which is posted on the company web site at: mg-resources.com. The last goal in the plan is to identify higher-grade precious metals bearing property that will be suitable for large-scale production. The first properties to be examined for high-grade gold and platinum group metal content will be the company's Sinagua and Stick Lizard properties in Arizona. The company believes that it now understands the complex nature of refractory (difficult to assay) precious metals bearing ores. With this knowledge, the company concludes that it has the ability to treat refractory ores so that they are no longer refractory. The previously refractory ores can then be assayed using standard assay techniques including standard fire-assay techniques. MG believes this to be a significant technological breakthrough. Forward-looking statements in this release are made pursuant to the ``Safe Harbor' provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, commodity prices of precious metals, increased levels of competition for the company, perfection of extraction technology, the company's dependency upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports. The company assumes no obligation to update the information in this release. All inquiries can be made through the offices of MG Natural Resources Corp. at 34 Maple St., Summit, NJ 07901 or by calling Shareholder Services at 908/277-3632 or FAX at 908/277-2461. MG Natural Resources information can also be obtained through its Web Site, mg-resources.com -------------------------------------------------------------------------------- Contact: MG Natural Resources Corp. Shareholder Services, 908/277-3632 FAX at 908/277-2461 mg-resources.com