Printer Friendly
The Free Library
14,380,416 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Vista Continental Corp. Announces Agreement of Use of Proprietary Technology.


LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States.  -- Vista Continental Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: VICC VICC Vanderbilt-Ingram Cancer Center
VICC Vehicle Information Center of Canada
VICC Virtual Industry Capability Call
VICC Voltage-Independent Calcium Channel (physiology) 
) ("Vista"), a Las Vegas-based mining company, is pleased to announce that it has entered into an Agreement of Use which conveys to Vista rights of use of proprietary technology capable of dry process gold recovery. The use has been acquired from DoCouto Investment Holdings Corp., a company incorporated in the state of Nevada. DoCouto Investment Holdings Corp. is controlled by the majority shareholder of Vista Continental Corp.

The prototype model, Dry Placer Recovery Unit, has been tested successfully on placer materials in Arizona. Three production models and one research and test module are under construction in Colorado, and it is anticipated that they will be completed and ready for production within 90 days. Each production model is designed to process 200 yards per hour of classified material. The total production through the recovery units is entirely dry, with no water and no chemicals required. The environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1]  nature of this proprietary process is significant in that it allows Vista to operate in the most environmentally benign way with the highest regard for responsible presence in the community. It also creates for Vista the opportunity to work placer properties that have demonstrated economical gold values but have been impractical to operate because of the lack of water or chemical environmental concerns.

More importantly, a major and unique new opportunity now exists to assist the environment by decontaminating hazardous sites within previously worked mining or industrial areas. This Vista technology will for the first time allow high volume processing and recovery of toxic target metals in contaminated contaminated,
v 1. made radioactive by the addition of small quantities of radioactive material.
2. made contaminated by adding infective or radiographic materials.
3. an infective surface or object.
 sites with little likelihood of disturbing the groundwater.

Peru

Vista currently controls placer mining placer mining: see mining.
placer mining

Oldest method of recovering gold from alluvial deposits. It takes advantage of gold's high density, which causes it to sink more rapidly from moving water than the lighter siliceous materials with which it is
 concessions in Peru along the Urubamba River Urubamba River

River, central Peru. Part of the Amazon River drainage system, it rises in the Andes Mountains and flows northwest for about 450 mi (725 km) to its junction with the Apurímac River, the two then forming the Ucayali River.
. Vista was extremely encouraged by the results of the Phase 1 drilling program considering the very large grid spacing used in this first round of exploration, to have encountered gold in over 70% of all samples. To have encountered possible economic gold intercepts in three of the four areas, which were drilled is a very positive result.

Acres International reported a minimum of 330 milligrams per cubic meter Noun 1. cubic meter - a metric unit of volume or capacity equal to 1000 liters
cubic metre, kiloliter, kilolitre

metric capacity unit - a capacity unit defined in metric terms
 as a target requirement for further development, assuming a gold price of U.S. $270 per ounce. Gold is currently priced at approximately U.S. $425 per ounce.

Palma Palma or Palma de Mallorca (päl`mä thā mälyôr`kä), city (1990 pop. 325,120), capital of Majorca island and of Baleares prov., Spain, on the Bay of Palma.  Real West

Assays reported for Hole No. 5 are significant. A high-grade gold intercept, assaying at over 12,000 mg/m3 (milligrams per cubic meter) was encountered at a depth of 25 meters. Additionally, near surface gold intercepts in the same hole assayed at over 650 mg/m3.

Palma Real East

Significant near surface gold intercepts were encountered in five of the seven holes. Two of these intercepts, at 9.8 meters in Hole No. 3 and at 3.7 meters in Hole No. 4 were reported at 1,260 and 2,033 mg/m3, respectively. Vista believes that three holes completed at the Palma Real East Target area have possibly delineated an old river channel that contains excellent grade gold.

Holes designated as PE-04, PE-05 and PE-07 have encountered significant gold values at depths of between 3 and 11 meters. PE-04 intercepted a gold grade of over 2,000 milligrams per cubic meter at a depth of 3.7 to 5.2 meters and over 200 mg per cubic meter at 11 meters. PE-03 located over 300 meters from PE-04 encountered over 1,250 milligrams per cubic meter at a depth of 8.2 meters. All assays were performed by CIMM CIMM Canadian Institute of Mining and Metallurgy
CIMM Centro de Informação Metal Mecânica (Brazil)
CIMM Commodity Integrated Material Manager
CIMM Configuration; Installation; and Maintenance Manual
 in Lima, Peru, an independent laboratory.

Vista expects to complete its plan to exploit the drilled properties in the spring of 2005.

Guyana

Vista Continental Corp. also has ownership of 40 percent of Miranda Mining I (Guyana). Miranda I is the owner, through two deeds of assignment, of the exclusive rights to mine 31 river claims located along the Mazaruni River The River
Guyana's Mazaruni River takes source in the Roraima Plateau, three levels of sandstones and conglomerates, crowned by Mt. Roraima (2810 m.).

In Guyana, the two highest levels of the Roraima Plateau are known as Pakaraima Mountains and Merume Mountains.
 in the interior of the Republic of Guyana. One river claim consists of one mile of navigable river A navigable river is a river which can be navigated by boat. Often, it refers to a river which has a certain status, requiring bridges over it to be a certain height or have movable sections, and may be regularly dredged to maintain a certain depth. . The Miranda I claims along the Mazaruni River are approximately 200 kilometers south of the city of Georgetown, the capital of Guyana. Guyana was formerly known as British Guyana and is located east of Venezuela in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. .

Miranda I plans to mine these claims for diamonds and gold by dredging the rivers with two to three cutter head dredges, commencing in two to three months. Currently, Miranda I is the owner of two fully functioning dredges and a third dredge under construction, as well as extensive ground penetrating radar data (GPR (Ground Penetrating Radar) A UWB-based technology that locates objects buried underground. It is used to locate buried lines, storage tanks, pipes and conduits as well as to determine the structural integrity of the ground underneath a road or runway. ) of the area.

This release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 28, 2004
Words:875
Previous Article:North Atlantic Resources Ltd. Tinkeleni Gold Project, Mali New Gold Project Acquired In Southern Mali.
Next Article:NSTAR Reports Third Quarter Results for 2004.



Related Articles
Howard Hughes Corp. losing Westchester office tower to lender.
Playa Vista edges ahead but Hughes heirs must give OK. (problems involving the Playa Vista real estate development project in Los Angeles, CA)
Guide to WCMA member products.(Directory)
Airlines. (L.A. Business Travel - The New Reality).(Brief Article)
Residential real estate developers: ranked by units sold in L.A. County in 2001. (The List).(Brief Article)(Statistical Data Included)
Vista Continental Corp. Enters into Agreement with Miranda III Mining -Guyana- Inc. for Purchase of Interest in Mining Rights Located in the Republic...
SIDHU, MCKEON ADDED TO TALK BUSINESS EVENT TO BE HELD FRIDAY.(News)
Continental Vista Broadcasting Group and SkyPort Open New Broadcast Frontiers; Joint Technology Solution Delivers Easier, Economical Broadcasting of...
Airlines: ranked by 2004 passengers carried at L.A. County airports.(The List)
iSeeRadio Displays Interactive Video Broadcasting For Radio Stations At CRS; Company Connects Radio Stations, Audiences and Advertisers Through...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles