(via TheNewswire)
Trujillo-Area Field Study Determines Abundance of High-ArsenicEnargite and Chalcopyrite Readily Available from Local Producers
Having developed relationships with a number of artisanal miners and processors throughout the Trujillo area, BacTech has made arrangements to collect seven 15kg concentrate samples during the next two-to-three months from selected producers and processors. Global mining executive and technical advisor
Similar to the model in place for the Company’s commercial interests in
Miners across
In one illustrative meeting, BacTech was shown material from three different areas of a single mine – each selectively mined in an effort to produce lower arsenic values for Chinese buyers. All sample materials contained copper, gold and silver as recoverable metals, yet prices being paid all fell considerably short of BacTech’s Fair Market Value estimates:
Sample 1 - FMV /
$750 per ton; Price Realized /$270 per tonSample 2 - FMV /
$650 per ton; Price Realized /$200 per tonSample 3 - FMV /
$500 per ton; Price Realized /$80 per ton
“As we’ve seen in
Important to note, BacTech has previous experience working with chalcopyrite having collaborated with Industrias Penoles, S.A.B. (Q: IPOAF) on a bioleaching R&D project at its research park in
“It’s important to get a jumpstart on assessing the commercial viability of this project, even as we edge closer to permitting and a construction start in
About the
BacTech is planning to build a new owner-operated bioleaching facility near Ponce Enriquez,
In total, there are over 90 small mines operating in the area. BacTech intends to return local miner compensation back to previous payment levels, prior to a sweeping price reduction imposed by Chinese buyers due to recent import levies on arsenic/gold concentrates entering
About
BacTech is a proven environmental technology company, delivering effective and eco-friendly biomining and remediation solutions to commercial operations to process and recover preferred metals (gold, silver, cobalt, and copper) smartly and safely remove and transform harmful contaminants like arsenic into benign
For further information contact:
President & CEO,
416-813-0303 ext. 222,
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Special Note Regarding Forward-Looking Statements
This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to future tailings sites, sampling or other investigations of tailing sites, the Company’s ability to make use of infrastructure around tailings sites or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified using words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether because of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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