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

To: Thor Carlsen who wrote (12997)	4/11/2000 8:05:00 AM
From: Thor Carlsen	Respond to of 14226

Significant progress has been accomplished since the President's letter to you of February 26, 1999. <<<<<inserted dates at bottom - Jack. also, rumors Richard Jensen is unhappy with a Jack. hope it's not you ;-)>>>> This letter will cover the following: 1.Summary 2.Current Situation 3.Sabin Metal Corporation 4.Ongoing R & D projects 5.Future plans Summary The assay results from Sabin Metal Corporation confirm that we can extract gold, silver and platinum group metals from our ores. The results are shown later in this report. Sabin has requested a 1-2 kilogram sample of what we will typically send them in the future so that they can optimize the refining of our slimes. Current Situation The last month has been spent making further adjustments to our refining process, testing additional ores and doing confirmation testing. We have conducted over 50 tests. Our process over the past month has improved in efficiency and has reduced in cost. We have conducted a number of tests using our anode slime as inquart with good results. All comparative testing (comparing different ores) starts out with new electrolyte. This results in a significant amount of precious metal going into solution in the electrolyte rather than staying in the anode slimes. In production, as additional anode bars are processed (using the same electrolyte), the PGM concentration in the electrolyte soon reaches a level approaching saturation. As this point is reached, the majority of the precious metals reside in the anode slimes. Thus, the samples we send to Sabin in the future will have a higher concentration of precious metals. Assay results from Sabin Metal Corporation Sample # Silver Gold Platinum Palladium Rhodium 1. - 3.39 2.18 0.86 2.10 2. 45.80 2.86 1.01 1.51 1.13 3. 0.50 2.16 1.97 0.85 1.53 4. 0.69 3.07 1.22 0.63 2.57 5. 0.62 3.20 2.23 2.69 2.67 Note: Sample 1 is a Hassayampa ore which was pre-treated Sample 2 is from the Oro Grande with no pretreatment other than screening Sample 3 is from Weaver Creek with partial pretreatment Sample 4 is a Hassayampa ore with partial pretreatment Sample 5 is a Hassayampa ore which was pre-treated Update on R & D Progress Results to-date confirm that our anode slimes can be used as inquart in place of refined precious metals. The composition of our fluxes, the composition of our electrolyte and our method of electrowinning will be finalized early next week to allow for the production of the 1-2 kilogram samples that have been requested. The ongoing evaluation of the additional ores will be conducted at Hassayampa using their small furnaces. The intention is to develop a preferred refining method for each ore. Global Ventures will continue to develop a leach and precipitation process. They will also provide analysis and testing of our samples. Future Plans Our electrowinning cells at the Hassayampa Production Facility have been producing anode slimes since March 28. These anode slimes will be used as inquart. Once the concentration of PGM in the electrolyte is high (probably by April 7) we will change over and start producing anode slimes for shipment to Sabin Metal Corporation. Comment Because of the continued success with our process, management believes that it may be the right time to tell Global's story to the investing public so that they will see the company's potential. March 31, 1999 Mike McKay Facilities Manager 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. OTCBB: GPGI April 5, 1999 Report to Shareholders