Wineco Productions Announces Ore Processing Agreement With Philippines Based Global Transformation Resource Group
24 January 2007 - 4:10AM
PR Newswire (US)
CITY OF INDUSTRY, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Wineco
Productions, Inc. (OTC:WNCP) announced today it has entered into an
agreement with the Philippines based Martir family and their
company, Global Transformation Resource Group, LLC. Under the
agreement Wineco will process ore bodies, in Negros Occidental,
Philippines, a GTRG Property. Early tests of the property indicate
Gold and other Noble metals of very high values. AU (gold) in both
Placer and Micron in the test results show values of approximately
$4,000.00 per ton of ore. It is estimated that at least 400,000
tons of base ore are to be processed by WNCP. The agreement
stipulates that GTRG is to receive 40%. WNCP has designated 5% of
its proceeds to be donated to a charitable organization dedicated
to the betterment of some of the Philippines poor. Equipment for
the processing by WNCP is being built for the project and WNCP
expects to purchase additional equipment for the project. Actual
operations are to commence in late summer after final core tests
and plant set-up are near completion. The Martir family is well
known for their Christian works in the Philippines. WNCP officers
have expressed delight at the opportunity to work with GTRG on the
large site. WNCP is dispatching a team of mining engineers,
geologists, and chemical engineers to the site in February for
further testing and to establish locations for equipment. The area
of the mine site is well known for its natural resources that
include Noble metals along with large oil reserves. WNCP has gained
geology reports from the Philippines geology agency that report
major oil reserves on the property. WNCP will explore the potential
of the oil reserves on the property and report results upon
completion of their tests. 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 has left tons of "Tailings" that contain valuable
material. http://www.winecoproductions.com/ 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.
DATASOURCE: Wineco Productions, Inc. CONTACT: Larry Nelson of
Wineco Productions, Inc., +1-954-316-1328 Web site:
http://www.winecoproductions.com/
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