Wineco Prod (CE) (USOTC:WNCP)
Historical Stock Chart
From Dec 2019 to Dec 2024
SUNRISE, Fla., November 28 /PRNewswire-FirstCall/ -- Wineco Productions, Inc. (OTC:WNCP) announces on going negotiations with Hiko-Bell Mining and Oil regarding the H B properties in Utah. It is expected that contracts will be concluded within the next 30 days. Test results on the open mining area indicate approximately 8 oz per ton of AU (Gold in micron form). The mining area is approximately 1200 acres of hardened clay and crystalline. Gold purity during tests is at 86% purity micron.
An alternative, non-cyanide gold leaching process based on the use of environmentally benign biodegradable compounds as both the oxidant and lixiviant components of the leach solution. The use of non-cyanide reagents has become particularly relevant in light of recent public concerns involving the use of cyanide for gold production. The development of Wineco Productions environmentally benign leaching processes is well suited for a variety of complex and non-complex crystalline structures providing treatment of materials with low temperature pressure oxidation thereby reducing energy costs associated with processing.
Wineco Productions proprietary process substantially increases the capture and yield of gold concentrates as compared to other technologies. We believe that this occurs due to the use of our proprietary reagents which enhance our ability to successfully leach and extract "micron" gold from various matrices.
Wineco also announced accords with John Vanover for the drilling and operations of the Dutch Valley Property. Drilling an offset well to an area production well of approx. 420 BBL's per day and over 1,000,000 CFT gas per day indicate the test well will be a valuable asset to Wineco. The site will allow seven (7) wells. Vanover expects to drill the site in mid January.
The increased asset base of Wineco has allowed the company to order several plants for ore tailing extraction to be built and put into place and operation by mid April, 2007. Officers, geologist and chemical engineers are expected to be in the Philippines mid-January to conclude several contracts for micron retrieval on large tailing piles on three sites.
For further information contact Larry Nelson at 954-316-1328.
Wineco has retained Brinkley Global Services, for security to transport all precious metals from various off shore sites to the Wineco safe keeping facility. Brinkley Global Services is engaged in the security and movement of large amounts of all forms of jewels and gold. Company spokespersons are pleased with the high degree of safety that Brinkley Global Services brings to the firm.
Wineco is preparing all necessary paper work to qualify for the new Pink Sheets and expects to reach full compliance of reporting and allow the company stock to advance based on true results.
DATASOURCE: Wineco Productions, Inc.
CONTACT: Larry Nelson, +1-954-316-1328, for Wineco Productions, Inc.