Consolidated Silver Tusk Mines Ltd. Received Report From RMS-Ross Corporation Regarding Recent Initial Bulk Test.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 14, 1998-- Consolidated Silver Tusk Mines Ltd.(VSE See DOS/VSE. VSE - Virtual Storage Extended :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 )(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CSITF), is pleased to announce that it has received a report from RMS-Ross Corporation with regard to the recent initial bulk test carried out on the Company's Karya Bukit Utama gold-silver property on Sumatra, Indonesia. The bulk test was carried out while the test plant was on stream and involved the processing of some 1,000 tonnes (1,100 tons) over a production period of 121 hours in 30 days between April 3 and June 18, 1998. The mill feed graded an average of 3.53 grams (0.112 oz.) of gold per metric tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. and 230 grams (7.30 oz.) of silver per metric tonne. A total of 1.4 metric tonnes of concentrate was produced for an estimated total of 1,780 grams (55.8 oz) of gold. One metric tonne of concentrate is estimated to contain a calculated 1,271 grams (40.34 oz.) of gold. In the immediate future, both the weekly operating hours and mill through-put rate will be substantially increased. The projected tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. through-put per week for the next several months are as follows: -0- --------------------------------------------------------------- April 3 to June 18 86 metric tons per week --------------------------------------------------------------- July 17 to July 31 250 metric tons per week --------------------------------------------------------------- Aug 01 to Aug 15 600 metric tons per week --------------------------------------------------------------- Aug 15 to Sep 15 1,200 metric tons per week --------------------------------------------------------------- Sep 15 to Oct 15 1,800 metric tons per week --------------------------------------------------------------- After Oct 15 3,000 metric tons per week --------------------------------------------------------------- -0- The estimated operating cost is expected to increase over the next few months from the present US$30,000 per month to US$85,000 per month on a 24-hour operating basis. On the other hand, the cost per ounce of gold is projected to decrease to the range of US$120 per ounce by mid-October. Reasons for the low cost per ounce projection are due to the following factors: - Open pit mining methods. - The soft nature of the ore, no drilling or blasting is required. - The haul distance from the pit to the mill is less than 300 meters (1,000 feet). - Fuel prices, at present, are approximately US$0.25 cents per US gallon gallon: see English units of measurement. delivered to the mine site. - General labour costs are extremely low, (presently less than one percent of the average miner's wage in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or Canada). There are on-going studies to revamp re·vamp tr.v. re·vamped, re·vamp·ing, re·vamps 1. To patch up or restore; renovate. 2. To revise or reconstruct (a manuscript, for example). 3. To vamp (a shoe) anew. n. the plant and flow sheet to prepare for an operation capable of running on a 24-hour basis. Crews are currently being trained to facilitate the plan. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
CONTACT: Consolidated Silver Tusk Mines Ltd.
Thomas R. Tough, P.Eng., 604/602-1088
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