XENOLIX MINING (fka XTCI)

[kzetmeir]

This could be the week of announcements.

No, I don't have any inside info. I just think its difficult for a company to have this many shares suddenly start changing hands and not get some official comment.

This is the type of action that gets the eye of the SEC ... they have a nasty habit of wanting to know "why."

Of course, that hasn't bothered Management much before ... maybe it still doesn't.

Fortunately, shareholders and voters sometimes have long memories.

If there are material happenings like receipt of checks from refineries, completion of CoC, relevant 3rd party news releases, etc. ... I thought a company had 72 hrs to disclose. But that hasn't bothered Management much either.

This is the last time I'll invest in a company where Management and their friends contol so much of the stock they can afford to be totally arrogant regarding their fiduciary responsibilities in running a public company with minority shareholders.

[kzetmeir]

While I have had my misgivings about some of Management's actions ... or inactions ...

I will give them credit they understand the importance of credibility when they do provide us with CoC documentation.

Therefore, I would expect to see the CoC work performed by a 3rd party with impeccable credentials.

[OTC Gambler]

Karl - - That's a good point. If the chain of custody is reliable, that should put the whole thing to bed. If the Amundsons settled privately regarding private placements, that, too, should no longer be an issue. Let's hope that the COC work is accomplished and blessed in short order.

[kzetmeir]

Hopefully with the chain of custody the ACC action will be over. The Amundson private placements are still an issue. But the Amundsons settled individually on those with little fanfare.

Coal Combustion Products are key.

[OTC Gambler]

This certainly appears to be good news.

If the they follow the model they used last February, there would be a flurry of positive PR's over the next couple of weeks. It appears that the gold "throw-away" would pay for the entire operation all by itself.

The only pall which continues to hang is the uncertainty that remains with the State's action. Does anyone know if that has been resolved, or is about to be? I think if that entire issue were satisfied, without other than face-saving penalties or expense, the company would be free to negotiate from a position of strength with refiners and/or additional investors.

[kzetmeir]

Maybe we're getting ready to roll!

Subject:
Stockwatch: Xenolix Technologies Corporate Development Update
Date:
Mon, 17 Sep 2001 11:04:24 -0700
From:
Stockwatch News <[e-mail]>
To:
[e-mail]




(Applies to: XTCI)

Xenolix Technologies Corporate Development Update

SUMMIT, N.J., Sep 17, 2001 (BUSINESS WIRE) -- Xenolix Technologies Inc. (OTC:
XTCI) is a development-stage precious metals technology company.

The company, which is committed to commercializing its novel analytical and
extraction nanotechnology pertaining to precious metal-bearing materials,
announced the following corporate update:

Xenolix President Austin Lett stated today that the company believes that it has
made substantial progress with the development of its commercial precious metal
extraction process from coal combustion products. Coal combustion products
("CCPs") are the ash remainders after coal is burned to produce energy.

It has now created an end product having properties similar to that which
refineries process on a regular basis. Production-sized samples have been
submitted to four separate refineries. The company has initiated confidential
discussions with each of these refiners.

Xenolix further believes that it must demonstrate the successful economics of
its processes on a recurring basis through ongoing refinery sales. This will
provide reliable data that verifies the Xenolix extraction technology.

Recently the company processed 100 pounds of the coal combustion product
fraction it is using as feedstock to produce a test run for platinum group metal
recovery. Refineries are currently evaluating splits of this test. The tails
from this run were collected, processed and submitted to a refiner for gold
content.

The refiner reported last week that it has recovered 1.1 ounces of gold for the
company's account or the equivalent of 22.2 ounces of gold per ton of feedstock.
The company is encouraged by this return but believes that the platinum group
metal content of the feedstock is substantially higher than the gold content.

As a result, Xenolix is focusing its efforts on the development of its
commercial platinum group metal extraction technology.

The company has initiated an independent, chain-of-custody, third-party test and
evaluation of the company's proprietary analytical and extraction technology on
coal combustion products. The independent testing, which is partially complete,
includes evaluating the company's recent developments of start-up commercial
production methods and processes.


Coal Combustion Products

CCPs are a waste product of combustion from commercial coal-fired power plants
commonly operated by electric utility companies to produce electricity. More
than one-half of the electricity in the United States is generated by burning
coal. According to the American Coal Ash Association, in 1998 electric utilities
in the United States produced about 100 million metric tons of CCPs.

Only 30 percent of these CCPs are now recycled mostly as additives for concrete.
The remainder is disposed of into landfills or sluice ponds at a substantial
cost to the utilities.

The company has selected CCPs as feedstock for its proprietary precious metals
process because they contain abundant source material for the Xenolix processes,
are inexpensive and are readily available without mining or permitting.

The Environmental Protection Agency classifies coal combustion products as
non-hazardous wastes and in fact promotes their recycling in federal procurement
and construction programs.


Safe Harbor

Statements contained in this press release that are forward-looking statements
are intended to be made pursuant to the Safe Harbor Provisions for the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
subject to the inherent uncertainties in predicting future results and
conditions.

The company undertakes no obligation to update or revise these forward-looking
statements to reflect new events or uncertainties.


Xenolix Technologies Inc.

The company is a Nevada corporation headquartered in Summit, which is inventing,
researching and developing new precious metals technologies based upon the
application of the nanotechnological science it is pioneering. It is attempting
to develop for commercial application gold, silver and platinum element
analytical and extraction technologies based upon this emerging science.

The technology is designed to transform refractory (difficult to detect and
extract) precious metal-bearing materials into forms of treated materials that
respond well to standard analytical and extraction techniques.

The company believes that it has made a new discovery of a property in nature
that causes materials to be complex or refractory, and which has not heretofore
been documented in the scientific technical literature. The company is
attempting to commercialize its nanotechnological intellectual property
pertaining to precious metal-bearing materials.

There is neither any assurance that the company's proprietary technology nor the
patents it holds will be commercially successful or that, if they are, that the
company will be able to exploit them.


CONTACT: Xenolix Technologies Inc., Summit
Shareholder Services, 908/277-3632
Fax: [phone]
http://www.xenolix.com

URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.

-0-


KEYWORD: NEVADA NEW JERSEY
INDUSTRY KEYWORD: ENERGY
ENVIRONMENT
MINING/METALS
UTILITIES
SOURCE:
Xenolix
Technologies
Inc.

STOCK SYMBOLS: [(xtci)]

[kzetmeir]

Here's a URL:

http://www.prudentbear.com/Prudentbear/pdf/annual.pdf

See Page 11 ...

I'm not sure how they have "All or a portion of the securities have been committed as collateral for open short positions." per Page 19 Note (5) from the note on the Note on the 835,000 shares on Page 11.

[Alvie2]

Ah, you must mean "The Private Investor"........

[kzetmeir]

Its the one that consistently pays too much in Private Placements! LOL

Pru Bache??? Pru Bear? I don't have the URL ... but I know it's out there.

[Alvie2]

Karl, who are "our mutual fund friends"?

As far as the compressed buying and selling, it's been my experience with the more thinly traded OTC (especially pink sheet) stocks, that the MM's ignore them for much of the day and only on occasion go in and execute a batch of waiting trades - leaving it look like they came in waves.

[kzetmeir]

We've had about as many Sells as GPGI has Buys ... LOL

What's amazing to me, as tight-lipped as our Mgmt. is regarding anything ...

Someone has been accumulating significant positions over the past couple of weeks ... just as the Sell executions today seem very compressed in time indicating only one or two sellers.

I understand our mutual fund friends have added significantly to their position and now have about 2.5MM shares.

[HSM]

Karl,

>>I have not intention to be an ogre ... I read the NR by GPGI ...
Why is the stock dropping so much ... is their process scaleable and economic?<<<

I only know what has been posted on the GPGI thread and that is not much. They claim to have a process and to start up production. We will receive the schedule later this week.
Fischer seems to think it is economic.

If they can produce for a month all all the dd's will go up several times.

Hans

[kzetmeir]

As long as posts are constructive and relevant to complex ores and/or XTCI ...

Discuss what you want!

I have not intention to be an ogre ... I read the NR by GPGI ...

Why is the stock dropping so much ... is their process scaleable and economic?

[HSM]

Anyone,

Analizing the PR it does not say he himself choose the ore to prevent salting.
On the other hand he states that standard AA analysis did not give any results! Which could be proof.
It doesn't state that the chemicals used are COC either.

So in my opinion we still have to wait for the actual production to be sure.

Any ideas about how far XTCI is with this process?

Hans

[HSM]

Here is the PR about the GPGI COC report.

Global Platinum + Gold, Inc. Announces Publication of Fischer Report

SALT LAKE CITY, Sep 5, 2001 /PRNewswire via COMTEX/ -- The following is being
issued by Global Platinum + Gold, Inc. (OTC: GPGI):

Global is pleased to publish verbatim the independent report prepared by Robert
E. Fischer, a registered and certified metallurgical engineer that represents
verification that Global has approximately 8.4 ounces per ton of platinum in its
Hassayampa ore. The report is as follows:


IDA-MET, INC.
215 Meadowbrook Drive
Nampa, ID 83686

During the latter part of February, 2001, I visited the Hassayampa mining and
milling site owned by C & W Mining and leased by Global Platinum + Gold, Inc.,
at the request of Mr. Rusell Twiford, representing Global Platinum + Gold, Inc
and the PGM Corporation.

I am a registered professional engineer with a Professional Metallurgical
Engineering degree and BBA. My work history includes uranium and vanadium
extraction, phosphate extraction and processing, plant design and construction
and supervision. I was employed by Climax Uranium from 1956-1961 and by the J.R.
Simplot Company, Inc. from 1961 through 1991. I retired in 1991 and formed my
own consulting company, Ida-Met Inc., specializing in gold, platinum group
metals, rare earth extractions and plant layout and design.

On site I found that the ore, which appeared to be primarily sand containing
some calcium and small amounts of clay, was first screened to a minus 1/2 inch
and ground in rubber lined ball mill to minus 100 mesh. The slurry was then
leached for about one hour, filtered across a horizontal filter with the clean
sand to the tailing pile and the pregnant liquor to their holding tank. The
pregnant liquor formed the basis for documentation of the recovery procedure
outlined in this report.

I first checked the pregnant liquor for evidence of the precious metals and
found no evidence using a standard AA analysis. I then duplicated the method
shown to me earlier by Mr. Twiford, and found evidence of considerable precious
metals in the solution.

Forty gallons of liquor from the holding tank equal to 80 pounds of processed
ore was put into a 50 gallon tank and I proceeded to follow Mr. Twiford's
written instructions and was successful in recovering a net amount of platinum
to metal in hand, extrapolated to ounces per ton of processed ore of 8.4 ounces,
with an estimated fineness of 900 or better. A confidential atomic absorption
technique was used to determine the platinum analysis at various steps while
tracing the platinum as it passed from the actual leach solution through the
precipitation and smelting to metal in hand.

The only individual allowed to help me was a Mr. Ryan Owens, who has an
excellent reputation and was familiar with the procedures of precipitation and
smelting. There is no doubt in my mind that this particular "chain of custody"
test could not possibly have had any outside interference.

CONCLUSIONS: My overall conclusions are that the procedures used by Mr. Twiford
in the recovery of the platinum are accurate and conclusive and should enable
the user to extract platinum in commercial and economical quantities.

I also believe that the same procedure could be successful on the other precious
metals, gold, palladium and rhodium.


/s/Robert E. Fischer
Consulting Engineer
March 7, 2001

SEAL

Within the next day or so, information regarding pro forma production data will
be forthcoming.

This communication to shareholders and the public contains certain
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 and estimated values, 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.

For information contact: Robert J. Nielson 801-277-0744, www.globalplatinum.com


MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X03148914

SOURCE Global Platinum + Gold, Inc.


CONTACT: Robert J. Nielson of Global Platinum + Gold, Inc.,
[phone]

URL: http://www.globalplatinum.com
http://www.prnewswire.com

Copyright (C) 2001 PR Newswire. All rights reserved.

-0-


KEYWORD: Utah
INDUSTRY KEYWORD: MNG
OTC
SUBJECT CODE: OTC

STOCK SYMBOLS: [(gpgi)]


Hans

[HSM]

Karl,

Are you alowing other dd's to be discussed here?
A thread about all the dd's would generate a lot of posts.

Just heared that GPGI will isue a PR this morning and another one at the end of the week. Very interesting.

What do you mean by ACC ?

Looking at the website of XTCI www.xenolix.com they are doing fine but not as far as GPGI yet. Maybe they should contact the processholder of GPGI and make a deal.

Hans

[kzetmeir]

Hi, Hans ...

Welcome to the Thread.

I wish I had some really positive news to convey ... but I don't.

Mostly, I have questions ... which our Management has conveniently ignored.

Although I don't know what Amundsens would have done with MGAU ... it's apparent we gave away half a company based upon expectations that have proven to be grossly over optimistic.

I thought when Rick "The minority shareholders have a Champion on the Board now!" Childress became active in the company things might change a bit. Alas!

IMHO, the ACC MUST levy some kind of fine on XTCI. If they don't ... then they must shoulder responsibility for shareholders losing millions of dollars based upon their unfounded trumped up charges. The stock is down about 75% when they started their BS. Without so much as a PhD Geologist on Board, let alone anyone who can so much as spell NANO ... they've set themselves up as judge and jury over the success of a high tech R&D effort.

If they don't levy a fine or find serious misdoings (which is quite possible!) ... then I'm for a class action suit against them.

BTW ... for those who don't know me, and I received some crap on RB ... I'm one of the Founding PP Holders in MGAU and have approx. 100K shares ... needless to say I'd love to see Management pull this one out.

[Alvie2]

It's me, Hans, still hanging in and "optimistic", if that's an acceptable word in the DD language.

We may be getting to Holland sometime in January, and if so would like to see you and Wies. Send me your email address by private response and let's keep in touch.

Alan

[HSM]

DD's - Alan V?, is that you from the old SI days? And Karl?
Things are certainly heating up. Dont know what is up with XTCI now, but dit notice that GPGI has some interesting PR out. Seems they will JV with USPS and make an PR in the next days.
I still have my shares in XTCI, GPGI, USPS, NAXOS and IPM. Did cost me a bundle, but bougt even more GPGI and USPS last week.

Have always been thinking this cannot be a scam, it is the strugle for succes. But had my doubts also of course.

Karl and Alan are you following XTCI, what is going on there now? And what about your opinion of Gippie? Succes would be good for all involved.

Hans S

[OTC Gambler]

Great idea, and I hope it works. Have lurked other boards since the days of MGAU and I'm amazed at the dearth of reliable information available.

Knowing that some of you live in AZ and/or are familiar with the principals involved, I'm curious whether anyone has any news regarding the state's action, the technology, production, refiners, further capitalization, pending PR's, etc. It would be greatly appreciated.

[Alvie2]

Good idea, Karl. Hope we can get some good sharing going here - also hope that XTCI can get some news out soon that will get the stock price up.

Alan

[applejack_az]

Anyone here?

Any news or rumors?

Gary