Wineco Productions Inc. Enters Into Negotiations With New York Hedge Fund
21 September 2006 - 1:39AM
PR Newswire (US)
Fund to Provide Five Million Dollars Development Capital for
Mineral Mountain Operations SUNRISE, Fla., Sept. 20
/PRNewswire-FirstCall/ -- Wineco Productions Inc. (OTC:WNCP)
announced that it has entered into negotiations with a New York
based hedge fund for the development of Mineral Mountain. The hedge
fund has indicated that they would finance the operations upon the
favorable outcome and completion of the final analysis of the
spectra sized ore tailings at the mine site. Wineco's testing of
the tailings and surpluses from Mineral Mountain Mining have
resulted in significant shows of copper, chromium and gold. The
company estimates that the tailings for processing could result in
approximately 2 to 3 ounces of gold per ton. Click to see the
technology: http://www.winecoproductions.com/ Wineco has
successfully developed gold plating solvents to be used in
electroplating and anticipates utilizing the micron gold extraction
from various mine sites for the business of the electroplating
system. Wineco plans to become the principal supplier of both
solvents and equipment for electroplating which includes gold,
silver, rhodium and other precious metals. A discovery channel of
micron gold has been discovered in the lower reaches of the Iron
Mountain range in northern United States and southern Canada.
Testing for recovery of the heavy laden noble material in the Iron
Mountain range will begin subject to the completion of the analysis
of Mineral Mountain. Equipment for the Wineco laboratory is being
built as per specifications and is expected to be at the Wineco
laboratory site by mid October. This will enable Wineco to process
and analyze ore of fifty (50) mines per month. This will be
accomplished by testing ore bodies and tailings sent to Winceco by
various mining operators throughout the US, Philippines, Africa and
Indonesia. Wineco will create additional revenue streams by
charging fees for analyzing the mine tailings from the numerous
mining groups. About Wineco Productions Inc. Wineco is in the
process of acquiring mining properties that show recoverable "Nobel
Metals." The various properties are, for the most part, mines that
have been worked in earlier times. Working these mines have left
tons of "Tailings" that contain valuable material. The company will
process the material that had already been mined and that material
is referred to as "Tailings." These tailings yield better
extraction of Noble Metals through advanced equipment.
http://www.winecoproductions.com/ Wineco has completed negotiations
and has acquired the mine tailing from World Wide Consulting. The
tailings consist of approximately 1 million tons and are very
prolific in platinates. World Wide Consulting is the first of 5
companies that Wineco is in negotiations with. All companies have
shown excellent results in their tailings. Wineco has proven its
test in chemical extraction of platinum in addition to its
previously proven micron gold extraction process. This media
release may contain forward-looking statements regarding but not
limited to management, market potential, distributor success,
market size, international sales, including statements regarding
the intent, belief or current expectations of Wineco Productions
Inc. and uncertainties that could materially affect actual results.
Investors should refer to documents that the Company intends to
file with the SEC for a description of certain factors that could
change actual results. Investors should refer to factors that could
cause actual results to vary from current expectations and the
forward-looking statements contained in this media release.
Contact: Wineco Productions Inc. James Logan, President 954
316-1326 or 954 575-7296 DATASOURCE: Wineco Productions Inc.
CONTACT: James Logan, President of Wineco Productions Inc.,
+1-954-316-1326, or +1-954-575-7296 Web site:
http://www.winecoproductions.com/
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