Wineco Productions, Inc. Subsidiary, Development Exploration and Mining, Enters into Agreement for Gold Extraction Plant at Willow Creek Mine
Business Wire, March 31, 2005
SUNRISE, Fla. -- Development Exploration and Mining (DEMI), a wholly owned subsidiary of Wineco Productions, Inc. (OTC:WNCP), has entered into agreements for the famous Willow Creek Mine in Northern Nevada.
The mine produces Gold and other precious metals. Development Exploration and Mining (DEMI) has committed to building a chemical extraction plant at nearby Federal Route 80. Total expenditure on the plant will exceed three million dollars, and will employ up to 40 people. DEMI expects the plant to be in operation within 90 days.
never happened
Chemical extraction will retrieve gold particles that are not possible to retrieve using conventional mining methods. poppycock, if there were such a thing, real miners would be utilizing theprocess Particles of gold as small as micron size will be extracted from what was formally waste material at the mine site. Tests indicate up to 6 oz's of gold per ton of waste in micron size. No miners would leave even .02 opt behind in tailings The first phase of the plant will process 6 to 12 tons of waste per day. That is one tiny mill.....at a more realistic productivity level of even .1 opt, that is $500-1000 per day. Wow....
Wineco is presently negotiating for plant sites at four (4) additional sites for DEMI extraction plants. Hearsay, no evidence that DEMI even exists, now over a year later.
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