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ST. GEORGE METALS BEGINS DEAN MINE PROCESSING OPERATIONS, EXPECTS $3 MILLION REVENUES BY FISCAL YEAR-END

 ST. GEORGE METALS BEGINS DEAN MINE PROCESSING OPERATIONS,
 EXPECTS $3 MILLION REVENUES BY FISCAL YEAR-END
 HOUSTON, Nov. 5 /PRNewswire/ -- St. George Metals, Inc. (Vancouver Stock Exchange: SGE.V; OTC: SGGM) a Houston-based gold mining company, has completed construction and begun heap leaching operations at its Dean underground mine in Battle Mountain, Nev., and expects to recover the 20,000 tons of ore allowed under its pilot permit during the balance of fiscal 1992 with an estimated yield of more than $3 million, the company announced today.
 The mines' newly completed three-stage crushing system achieved its designed throughput (50 ton/hour) during the last week of October. In preceding weeks, with crushing system operations delayed by component procurement problems, St. George used the completed plant elements (heap leach pad, Merrill-Crowe unit and refinery) to process concentrate obtained by crushing some 2,000 tons of Dean ore at another location. This yielded 70 tons of concentrate, on which processing was completed at the Battle Mountain facility, producing $350,000 in revenues and verifying the plant's operating capability.
 "With the entire system now operating, we expect to process and recover the total 20,000 permitted tons of Dean ore by the end of the fourth quarter, Jan. 31, 1993, with an estimated yield in excess of $3 million," said Neal O. Wade Jr., chairman & CEO.
 The company also expects to file permanent processing permit applications in mid-November, proposing construction of additional leaching pads in 60,000 ton increments, as needed, and utilizing the existing milling plant facilities, according to Wade. The pads and mining facilities are located on a company-owned 640-plus acre millsite 10 miles from the Dean mine.
 The Vancouver Stock Exchange has neither approved or disapproved the content of this release.
 -0- 11/5/92
 /CONTACT: William H. Hoffman III of St. George Metals, Inc., 713-977-4471/
 (SGGM) CO: St. George Metals, Inc. ST: Texas IN: MNG SU:


PS -- NY057 -- 3023 11/05/92 11:07 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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