Consolidated Silver Tusk Mines Limited Reports Commencement of Phase One Production At Indonesian Karya Bukit Utama Property.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--April 25, 2000 Consolidated Silver Tusk Mines Limited (CKS CKS Checks CKS Center for Korean Studies (UC Berkeley) CKS Center for Knowledge Societies CKS Carajas, Para, Brazil - International / Brasilia Brazil (Airport Code) CKS Crankshaft Sensor ) is pleased to report that phase one production at the Karya Bukit Utama property in Indonesia has now commenced. Mineral operations officially started on April 14th and the Company looks forward to keeping investors informed on the production progress. The Company would like to announce the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of 623,000 warrants. The expiration of these warrants reduces the fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. position of the Company by an additional 2.5% from 24,014,715 to 23,391,715. The total amount of common shares equals 17,851,484. The Company has entered into an additional two Agreements with its Indonesian partner, PT Gadeng Emas Minerindo. These two Agreements are; (a) a Technical Assistance Agreement and (b) a Gold/ Mineral Sales Agreement. The Technical Assistance Agreement outlines the arrangement that is currently in place between CKS and its Joint Venture partner whereby CKS provides technical assistance and know-how relating prospecting and exploration, geological assessments, production planning Production planning The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. , mineral extraction, mineral processing mineral processing or ore dressing Mechanical treatment of crude ores to separate the valuable minerals. Mineral processing was at first applied only to ores of precious metals but later came to be used to recover other metals and nonmetallic minerals. , quality control, testing and analytic services, preparation of technical literature, technical support with respect to overseas sales and technical support through the providing of specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. labor. The Gold/ Mineral Sales Agreement outlines CKS's exclusive rights with respect to the sale of silver and manganese manganese (măng`gənēs, măn`–) [Lat.,=magnet], metallic chemical element; symbol Mn; at. no. 25; at. wt. 54.938; m.p. about 1,244°C;; b.p. about 1,962°C;; sp. gr. 7.2 to 7. in addition to gold, extracted from the Karya Bukit Utama site. Except for historical information contained in this release, the matters discussed are forward looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate", "`believe", "estimate", "expect" and "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments. On behalf of the Board of Directors, William J. Van der Merwe |
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