Subject: Global Platinum & Gold (GPGI)
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To: +Korey W Carlsen (4777 )
From: +J.E.Currie
Tuesday, Jan 20 1998 9:36PM EST
Reply # of 4801
Korey,
Due to fact that Larry (website) will be out of town for a few days and Dick wanted
this posted, I of course volunteered.
January 20, 1998
Mr. Richard E. Jensen,
President,
Global Platinum + Gold, Inc.,
Salt Lake City, UT 84121
Dear Mr. Jensen,
With this letter, AuRIC Metallurgical Laboratories, LLC would like to confirm in
writing, the points discussed in our meeting January 15, 1998 and furthermore make
the following proposals to your esteemed company.
1. Hassayampa Project
We have recently completed the processing and refining of a 9,813 gram batch of your
"anode mud" product through our organic solvent extraction (SX) circuitry and started
making payments on the recovered gold, platinum,palladium, and rhodium metals. We
would like to inform you that AuRIC is ready and willing to continue accepting this
product for refining at any quantity that you can supply. We believe our charge and
turnaround schedule for this type of material to be the most competitive in the market
and would like to hear your comments on the subject.
Following our conversations in Phoenix and Salt Lake City during December 1997, we
have just completed the construction of a new copper refining circuit with 3,000 DCA
capacity, fully dedicated to refining your dore copper product and are ready to accept
your shipments effective immediately. This circuit is capable of handling anywhere
between 3,000 and 4,000 lbs. per month of the copper dore refining, depending on the
precious metals content of the bars. We would like to inform you that we are ready to
accept shipment of your bars at your earliest convenience.
As surprising as it seems to appear, we feel, it is our duty to report to you that the
recovery results from the first batch of your anode mud processing correlates back to
your enhanced head ore, yielding a value between US$1,500 to US$2,000 per ton in
gold, platinum, palladium, and rhodium (US$1,800 per ton in the batch we observed
and refined).
Furthermore, please be informed that AuRIC is ready to start an assay program on
your 500,000 ton ore stockpile, as well as the rest of the property in order to confirm
and establish the extent of the above indicated values. We would furthermore, like to
perform full metallurgical balances on the Global process, with the help and
participation of your technical department.
2. Oro Grande Project
We have recieved and started laboratory work on the samples forwarded by Mr.
LaMont from the Oro Grande mine and are looking forward to confirming the gold,
silver, platinum, rhodium values reported in the old smelter reports and refinery returns.
We would very much like to participate in your efforts in putting the old producing
mine back into production.
We have also, after seeing the demonstrations performed by Mr. LaMont, started
analysis work on the submitted water samples. As soon as the analysis both for the
dissolved precious metals content and other elements have been completed, we will be
ready for design and subsequently construction of a resin column system for the
recovery of the metals content, as well as conditioning of the treated water for use.
We are looking forward to furthering our business relations with your company in
refining your gold, platinum, palladium, rhodium products and in analytical/engineering
services and would like you to know that we are proud to participate in your
development efforts.
Sincerely,
Ahmet B. Altinay
General Manager |
