Gold Summit Corporation: Monte Cristo Metallurgical Test Results.RENO, Nev. -- Gold Summit (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GSM) received results of 24, 48 and 72 hour cyanide cyanide (sī`ənīd'), chemical compound containing the cyano group, -CN. Cyanides are salts or esters of hydrogen cyanide (hydrocyanic acid, HCN) formed by replacing the hydrogen with a metal (e.g., sodium or potassium) or a radical (e.g. leach "bottle roll" tests on six samples selected to cover a wide range of gold assays from the recently completed RC and core drilling programme at Monte Cristo Monte Cristo (mŏn'tē krĭs`tō, Ital. môn`tā krē`stō), unpopulated, rocky island, 6 sq mi (15.5 sq km), belonging to Italy, in the Tyrrhenian Sea between Corsica and the Italian coast. . There is inconsequential increase in recoveries for the 48 and 72 hour tests compared to the 24 hour tests. Therefore, only the 24 hour results are tabulated below:
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Hole No Sample Sample Leach Fire Leach Fire
Depth Weight Assay Assay Assay Assay
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m kg Au g/t Au g/t Ag g/t Ag g/t
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MCC 12 196 0.62 11.95 12.90 21.9 25.57
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MCC 12 198 1.06 155.5 116.8 81.6 114.5
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MCC 12 200 4.06 8.97 12.20 9.9 10.49
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MCC 20 240 0.15 26.00 22.49 9.6 8.10
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MCC 34 273 1.68 15.8 17.94 17.1 22.40
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MCC 41 244 1.31 2.66 8.30 485 712.0
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Leach recoveries greater than fire assay recoveries reflect the inherent variability in duplicate samples of higher grade material. The lower leached gold recoveries in the sample from MCC (The Microelectronics and Computer Technology Corporation, Austin, TX) The first high-tech research and development consortium in the U.S., created in 1982 by leading companies within the electronics industry. 41 are probably due to the presence of high amounts of silver. The cyanide leach tests are designed to establish potential gold cyanide extraction capability only and are part of the resource evaluation work currently underway on the McLean lode. The cyanide leach tests were performed by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex by AAS at their Sparks, Nevada Sparks is a city in Washoe County, Nevada, United States. The population was 66,346 at the 2000 census. Estimates in 2006 place the population at around 90,000 due to rapid growth in areas such as Spanish Springs, Wingfield Springs, and D'Andrea. laboratory on coarse reject samples. Head assays are by American Assay Laboratories, also in Sparks, Nevada, using the Fire/AA method. They were previously reported by Gold Summit. Douglas R. Bowden, VP Exploration, a registered Professional Geologist in the State of Utah, is designated as the Qualified Person supervising Gold Summit's technical work. This news release includes certain "forward looking statements" within the meaning of 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. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Shares Outstanding 28,051,086 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this news release. Gold Summit Corporation (TSX VENTURE:GSM) |
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