Business
Green Planet Gold Claim Testing Is Positive and Productive
Green Planet Gold Claim Testing Is Positive and Productive.
About this update from Green Planet Group, Inc.
[{"type":"text","content":"\n \n \n Green Planet Gold Claim Testing Is Positive and Productive\n \n \nGreen Planet Gold Claim Testing Is Positive and Productive\n \n TEMPE, AZ--(Marketwired - May 10, 2016) - Green Mining Technologies, Inc., a wholly owned subsidiary of Green Planet Group, Inc. (OTC PINK: GNPG), has announced positive results from further testing of material collected on its one hundred sixty (160) acre placer gold mining claim in Kern County, California. As noted in a previous news release, independent laboratory testing, conducted by LP Analytical of Phoenix, Arizona, on thirty-three (33) ore samples has proven that this claim has significant gold values. On the basis of that testing, the very conservative asset value of this claim (after reducing the calculated value by 90%) is estimated at approximately $173 million. \n LP Analytical has conducted repeated testing on material collected from the placer mining claim by means of inductively coupled plasma mass spectrometry (ICP-MS), a type of mass spectrometry which is capable of detecting metals and several non-metals at concentrations as low as one part in 1015 (part per quadrillion, ppq) on non-interfered low-background isotopes. Test results have repeatedly shown commercially significant amounts of gold and other precious metals. This replication of testing with consistent results from each subsequent testing round provides further validation for the estimated value of the claim. \n Green Mining Technologies management is concurrently exploring various placer material processing techniques in order to identify the process that maximizes gold recovery while meeting the Company's goal of minimizing disturbance of the land and environment. Ed Lonergan, GNPG CEO and president, noted, \"At the end of the day, it is the recovered and refined gold that you take to the bank. That's the reason we are pushing ahead with efforts to define our processing plans at this time. Later this week, we will run a fire assay on larger quantities of concentrates from our sampling.\" \n In addition, The Company will begin testing of its soil reclamation technology, a primary business initiative, providing another green technology with the capacity to generate substantial revenues. This will be the first application of the soil reclamation technology to materi...