Can-Cal Resources Ltd. Announces Batch Testing and Pilot Plant Extraction Evaluation in Progress.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 8, 2001 Can-Cal Resources Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCRE CCRE Conseil des Communes et Régions d'Europe CCRE Computer Coalition for Responsible Exports CCRE Cross Cumulative Residual Entropy CCRE Constrained Chain Rule Expansion ) President Ron Sloan is pleased to provide information concerning recent progress and research conducted at contracted extraction facilities and at the Can-Cal precious metal processing pilot plant (Press Release Nov. 29, 2000). The company extraction research team has successfully installed batch-test, pilot plant circuits at the facility. The circuits are equipped with vat-leaching tanks, pumps and extractive-recovery filtration systems. The on-site laboratory has been refurbished to operate on a continual basis. Independent professional consultants were contracted to design and set up the batch test circuits for Phase I (Dec. 2000) and Phase II (Jan. 2001). To date the company has tested several extraction processes including vat-tank leaching, pressurized pres·sur·ize tr.v. pres·sur·ized, pres·sur·iz·ing, pres·sur·iz·es 1. To maintain normal air pressure in (an enclosure, as an aircraft or submarine). 2. vessel digestion with extraction and furnace smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. utilizing a variety of material sizes including screened and pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing from the Pisgah stockpile stock·pile n. A supply stored for future use, usually carefully accrued and maintained. tr.v. stock·piled, stock·pil·ing, stock·piles To accumulate and maintain a supply of for future use. . The company's goal is to select an environmentally acceptable, low cost precious metal recovery system. With the precious metal extraction results realized to date the Board anticipates a scaling up of the pilot plant's extraction capacity during this quarter. The Can-Cal focus will include verification and certification of pilot plant batch test and production scale recovered product and the marketing of a commercial product to precious metal refiners and buyers. Preliminary discussions have been held with refiners to establish the commercial viability of the material produced in order to determine the most successful and cost effective extraction technology. Can-Cal will publish specific analytical data when all of the results have been determined. FORWARD LOOKING STATEMENTS Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 provide a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward looking statements that are based on current expectations, estimates and projections, and management's beliefs and assumptions. Words such as "acquired", "confident", "advanced", "prove", "will", "successful", "testing", "batch" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult or impossible to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statement whether as a result of new information, future events or otherwise. Such risks and uncertainties include, but are not limited to, the existence of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. in the Company's material in an amount which permits their production on an economic basis; and to produce precious metals on a commercial basis, obtain permits for its operations and pay the costs thereof; and the Company's ability to obtain financing necessary to maintain its operations. |
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