American Bullion Commences Red Chris Property Re-Scoping Study and Completes Purchase of Hawaii Property.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Sept. 3, 1997--American Bullion Minerals (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ABP 1. (networking) ABP - Alternating bit protocol. 2. ABP - Microsoft Address Book Provider. . ) American Bullion Minerals Ltd. ("ABP") announced today that Mr. Don Barker Don Barker is a fictional character in the series Dream Team, played by Jon Morrison. Don Barker had a reputation of being a hard-nosed, tough manager, renowned for making teams achieve promotion in the lower leagues. , P. Eng P. ENG Professional Engineer P. ENG process engineer ., the Vancouver representative of the Denver based international mining consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Pincock, Allen & Holt ("PAH PAH, PAHA aminohippuric acid. PAH abbr. para-aminohippuric acid PAH 1 Polycyclic aromatic hydrocarbon, see there 2. Pulmonary artery HTN "), has been retained to conduct a Re-Scoping Study of the April 1996 Fluor Daniel Wright Pre- Feasibility Study for the Red Chris Property. It is expected the Re- Scoping Study will be completed this November and will form the basis of a definitive strategy to move the Red Chris copper-gold property located in northern British Columbia to the next level of development. The Re-Scoping Study will include objectives that relate to reducing mill capacity to approximately 30,000 tonnes per day with the ability to expand on a planned basis. In addition, the Study will examine ways to develop an efficient mining plan that utilizes the highest- grade ore early in the mining process and, if appropriate, utilizes new technologies to increase recovery rates. The Study will examine methods to optimize the mining costs through the use of alternative waste disposal areas, ramp modifications in the pit, equipment modifications and the elimination of some facilities. Finally, the Study will conduct a thorough evaluation of the metallurgical plant and facilities to ensure an optimal configuration using the best engineering and operating standards. Mr. Don Barker states, "I believe that key modifications and improvements can be made to the Pre-Feasibility Study that will have a significant impact on the capital and operational costs of the project. If we can optimize revenues in combination with streamlining operating costs it will further reinforce the position that this property is an important and significant mining opportunity when compared to other copper-gold porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. properties." The Company's newly formed "Investment Division" is pleased to announce the successful completion of the purchase of the "Mountain View Property" near Hilo on the Island of Hawaii. This transaction involved the "en bloc" acquisition of approximately 1750 acres of recreational and development property in unique distress circumstances near Hilo. The property is comprised of 43 separate legal titles, a portion of which are being marketed immediately as separate lots through Prudential/Orchid Isle Properties in Hilo. The purchase price of US$1,620,000 (approximately US$925 per acre) was funded in part through an external debt facility in the amount of US$1,465,000 with the balance being provided from working capital. CONTACT: American Bullion Minerals Ltd. Charles H. Wills, 604/622-4400 604/622-4444 (FAX) or American Bullion Minerals Ltd. Investor Relations Investor relations The process by which the corporation communicates with its investors. , 800/403-2940 |
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