Wineco Production Provides Update Hiko-Bell Mining and Oil Negotiations
November 28 2006 - 11:55AM
PR Newswire (US)
SUNRISE, Fla., November 28 /PRNewswire-FirstCall/ -- Wineco
Productions, Inc. (OTC:WNCP) announces on going negotiations with
Hiko-Bell Mining and Oil regarding the H B properties in Utah. It
is expected that contracts will be concluded within the next 30
days. Test results on the open mining area indicate approximately 8
oz per ton of AU (Gold in micron form). The mining area is
approximately 1200 acres of hardened clay and crystalline. Gold
purity during tests is at 86% purity micron. An alternative,
non-cyanide gold leaching process based on the use of
environmentally benign biodegradable compounds as both the oxidant
and lixiviant components of the leach solution. The use of
non-cyanide reagents has become particularly relevant in light of
recent public concerns involving the use of cyanide for gold
production. The development of Wineco Productions environmentally
benign leaching processes is well suited for a variety of complex
and non-complex crystalline structures providing treatment of
materials with low temperature pressure oxidation thereby reducing
energy costs associated with processing. Wineco Productions
proprietary process substantially increases the capture and yield
of gold concentrates as compared to other technologies. We believe
that this occurs due to the use of our proprietary reagents which
enhance our ability to successfully leach and extract "micron" gold
from various matrices. Wineco also announced accords with John
Vanover for the drilling and operations of the Dutch Valley
Property. Drilling an offset well to an area production well of
approx. 420 BBL's per day and over 1,000,000 CFT gas per day
indicate the test well will be a valuable asset to Wineco. The site
will allow seven (7) wells. Vanover expects to drill the site in
mid January. The increased asset base of Wineco has allowed the
company to order several plants for ore tailing extraction to be
built and put into place and operation by mid April, 2007.
Officers, geologist and chemical engineers are expected to be in
the Philippines mid-January to conclude several contracts for
micron retrieval on large tailing piles on three sites. For further
information contact Larry Nelson at 954-316-1328. Wineco has
retained Brinkley Global Services, for security to transport all
precious metals from various off shore sites to the Wineco safe
keeping facility. Brinkley Global Services is engaged in the
security and movement of large amounts of all forms of jewels and
gold. Company spokespersons are pleased with the high degree of
safety that Brinkley Global Services brings to the firm. Wineco is
preparing all necessary paper work to qualify for the new Pink
Sheets and expects to reach full compliance of reporting and allow
the company stock to advance based on true results. DATASOURCE:
Wineco Productions, Inc. CONTACT: Larry Nelson, +1-954-316-1328,
for Wineco Productions, Inc.
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