Plant to be Upgraded Company's Interest Increased.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--July 31, 1998-- Consolidated Silver Tusk Mines Ltd., announces that it has reviewed the data, proposals to circuit improvements and operational budget submitted by RMS (1) (Record Management Services) A file management system used in VAXs. (2) (Root Mean Square) A method used to measure electrical output in volts and watts. 1. RMS - Record Management Services. 2. Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. Corporation with regard to the Company taking over the operation and the upgrading of the plant on the Company's Karya Karya may refer to places in Greece:
RMS Ross Corporation has proposed that Consolidated Silver Tusk Mines Ltd., take over the operation of the plant, essentially a reversal of current roles. In their opinion, there is no place in the world with a more favourable operating climate, with qualified labour at approximately US$1.00/day and fuel at US$0.12 cents/litre. RMS Ross Corporation has proven to their satisfaction that the milling process does work well with 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. occurring on the Karya Bukit property. RMS Ross Corporation has proposed that the Company take over the operation and incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. the costs to make recommended changes to upgrade the capacity of the plant, which is now underway. Currently, low cost gold recovery from mill feed grading 3.53 gms gold/tonne and 230 gms silver/tonne, is over 60%, and gold recovery is anticipated to be increased to 80%. RMS Ross reports the concept of the use of gravity separators as the sole recovery system for this deposit is proving to be an incredible success, which enables the production of gold at a cost of US$80.00/oz or less, and that it is time to convert the plant from a batch plant to a 24-hour per day operation. Indonesian staff are being trained so that the operation can be run on a three-shift basis. The mill feed rate will be increased from 12 to 18 tonnes per hour, and then to 24 tonnes per hour when the continuous Falcon concentrator is installed. A minimum 80% recovery rate is anticipated. RMS Ross Corporation has proposed the operating change and has elected to recover its original costs incurred in the manufacturing, shipping and installation of the plant, from its original 75% to a 25% net profits interest. 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 will now receive 75% net profits interest. The Board of Directors of Consolidated Silver Tusk Mines Ltd. have approved of the proposal and will be initiating changes as soon as possible. Projections made by Mr. Wayne Ash, P.Eng. and by the Staff of RMS Ross Corporation indicate a highly profitable operation. RMS Ross stated that they will continue to assist and mutually maintain the same cooperative attitude on this most exciting project. On Behalf of the Board, "Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs R. Tough" Thomas R. Tough, P.Eng President 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 Release
CONTACT: Consolidated Silver Tusk Mines Ltd.
Investor Relations
Ken Smith, 604/602-1088 or 1-800/211-7977
http://www/silvertusk.com
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