Pilot plant facility acquired for Chile gold project.LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Jan. 23, 1997--NP Energy Corp. is pleased to announce that development work is beginning on the company's Andacollo gold properties in Chile. Management has accepted the invitation of property owners in the area to enter into an association of interests to reactivate re·ac·ti·vate v. 1. To make active again. 2. To restore the ability to function or the effectiveness of. re·ac and reopen the Churumata gold ore mill at the existing facilities in the Andacollo. High grade ore will be supplied from the surrounding, carefully selected properties under contract to NP Energy and its partner, Last Frontier Oil Frontier Oil NYSE: FTO, begun in 1949 as Wainoco Oil, is an energy company with its headquarters located in Houston, TX and its subsidiary company, Frontier Refining & Marketing, Inc., located in Denver, CO. Co. Inc. The milling facility, capable of processing 1200 tons of gold ore per day, will begin initial activities at a rate of 100 tonnes per day to test the metalurgy and optimize the 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. recovery. The site manager is confident that, after start up and break in, the plant will be producing on a continual basis. NPEC NPEC National Postsecondary Education Cooperative NPEC Nonproliferation Policy Education Center NPEC Nonprofit Enterprise Center (El Paso, TX) announced the acquisition of a 20% interest in certain properties in the Andacollo region of Chile on December 1, 1996, in joint venture with Last Frontier Oil Co. Inc. On behalf of the board of directors Per: Larry Regis Jr., President CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. , 415/261-9608 |
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