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Friday, 25th August 2006 (3300 views)

Wineco Productions is in the process of negotiating an agreement with Mineral Mountain Mining, after the company found extracts of gold in tailings left at the Mineral Mountains mine.

Wineco employs a strategy of testing for nobel metals left in surplaces at disused mining sites. The process the company employs for doing this results in better extraction of the metals. A gold plating system, named the Wineco sponge, is utilised to collect gold silver and nickel microns.

Tests at the Mineral Mountain site returned positive assays for copper, chromium and gold. Wineco president James Logan commented: "Estimates of the tailings for processing could result in approximately two to three ounces of gold per ton which based on today's closing of gold at $629.00 per ton could result in substantial revenues and earnings for the company.

"Water flow micron gold collection based upon 2,500 gallons per minute water flow will yield an addition half an ounce of gold at the 2,500 gallons per minute constant flow every four hours and a single stage pump collection would yield an additional collection of approximately three more ounces of gold per daily cycle."

 

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