International Platinum Corp. Receives Encouraging Gold Recovery Results from Arizona Black Rock Project

Strategic Insights -

Toronto-based International Platinum Corp. (IPC) has received an interim report from Behre Dolbear & Company, Inc. on the Arizona Black Rock Project (BRX), which suggests the presence of economically attractive grades of gold. Two independent laboratories commissioned by Behre Dolbear have confirmed the results, showing a high degree of correlation between the analytical findings. The report recommends further analysis of 80 additional samples obtained in the 1994 sampling program. This development comes as IPC completes a thorough project review, led by newly elected Chairman Alan Doyle, who emphasizes the importance of moving forward with the project.

Key Takeaways:

  • IPC's Arizona Black Rock Project (BRX) has shown encouraging results for gold recovery, with two independent laboratories confirming the presence of economically attractive grades of gold.
  • The report by Behre Dolbear & Company, Inc. highlights a high degree of correlation between the analytical results from both laboratories, which used specified IPC procedures.
  • 80 additional samples from the 1994 sampling program will be subjected to the same leaching and analytical procedures to further assess the project's potential.
  • IPC notes that the recent results are preliminary in nature due to the limited number of samples treated and should not be used to infer eventual gold recovery.
  • The completion of the BRX Project Review will be followed by the publication of Information Bulletin #4, which will detail the assay and recovery processes used to determine the project's amenability to gold recovery.
  • Newly elected Chairman Alan Doyle emphasizes the importance of moving forward with the project, confirming the conviction of senior technical management in the project's potential.

Statistics:

  • 2 independent laboratories confirmed the presence of economically attractive grades of gold in the BRX samples.
  • The results show a high degree of correlation between the analytical results from both laboratories.
  • 80 additional samples will be subjected to the same leaching and analytical procedures.
  • No specific dates are given for the completion of the BRX Project Review or the publication of Information Bulletin #4.

Sources:

  • Business Wire, July 11, 1995
  • International Platinum Corp.
  • Behre Dolbear & Company, Inc.
  • IPC's Operations Office: 4625 S. Ash Ave. Ste. J-1, Tempe, AZ 85282
  • Registered Office: 151 Yonge St. Ste. 1402 Toronto, ON M5C 2W7