Int’l Platinum awaits review

Investors in International Platinum (TSE) continue to await the results of an independent evaluation of its Black Rock project in Arizona.

According to David Powell of IPC’s investor relations office, that evaluation should be ready and in the hands of the Toronto Stock Exchange, which has suspended trading in IPC shares pending just such a report, by late August.

The independent consultant, Behre Dolbear, is extracting material in eight auger holes to a depth of 50 ft. across a 400-ft. grid pattern. Free gold is then to be extracted from this material by DCRS, an Arizona lab, under the supervision of Behre Dolbear representatives.

“We are not doing assays,” said Powell. “We’re going to extract free gold from the samples.”