Wineco Productions Inc. Announces That Its Subsidiary Has Completed First Chemical Extraction Plant of Northern Nevada
01 Junio 2005 - 11:24AM
Business Wire
Wineco Productions Inc. (OTC:WNCP) wholly owned subsidiary
Development and Exploration and Mining, Inc. (DEMI) is pleased to
announce that the first chemical extraction plant of Northern
Nevada is now complete. Final fitting and actual extraction will
begin well within the time frame outlined in our previous press
release. The 10,000 sq. ft. facility will be in full operation by
July 1st. Weekly output should exceed 150 oz. of gold per month
from the first of 3 units to be installed, all for chemical
extraction. In addition to gold, other precious metals, such as the
platinum group, are also present in samples tested at Willow Creek.
It is believed that extractable quantities of these other precious
metals are at least equal in value to the gold. Conventional mining
operations at Willow Creek will also commence on or about July 1st.
Equipment is currently being moved into place for this purpose. The
Willow Creek Mine is expected to produce conventional gold up to 3
oz. per ton and have a 60 ton per day output. Final completion of
the entire working facility is on schedule. This press release may
contain statements that constitute "forward-looking statements" as
defined under U.S. federal securities laws. Generally, the words
"believe," "expect," "intend," "estimate," "anticipate,"
"establish," "project" and similar expressions identify
forward-looking statements, which generally are not historical in
nature. Forward-looking statements are based on current
expectations and assumptions that are subject to certain risks and
uncertainties that could cause actual results to differ materially
from WNCP's historical experience and its projections. Such
forward-looking statements are inherently uncertain, and actual
results may differ from those expressed or implied in the
forward-looking statements. Consequently, readers are cautioned not
to place undue reliance on any forward-looking statements, which
speak only as of the date they are made.
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