Welcome To The BacTech Mining HUB On AGORACOM
Responsible Mining through Green Technology
Message: BacTech Lays Groundwork for Feasibility Study
| June 24, 2009 |
| BacTech Lays Groundwork for Feasibility Study |
| TORONTO, CANADA--(Marketwire - June 24, 2009) - BacTech Mining Corporation ("BacTech" or the "Company") (TSX VENTURE:BM) today announced that it has engaged the services of MPI Drilling of Picton, Ontario, to conduct a sonic drill program on the Castle Mine tailings near Gowganda in northern Ontario. The drill program is anticipated to begin the week of July 6th and will recover large 4 inch diameter cores from 10-12 holes. The purpose of the drill program is to obtain information that will be an integral part of the upcoming feasibility study which will determine the economic viability of the bioleaching facility the Company proposes to build in Coleman Township. The study will be completed under the guidance of Peter Secker, recently appointed Project Manager, who is relocating to Toronto in July. Drill core generated by the program will be first assayed for metal content before being subjected to gravity and flotation concentration. The concentrate will be used as a source of material for additional bioleach work, arsenic stabilization, and downstream metal recovery test work. In addition, the program will allow for BacTech to better understand the distribution of metals, both vertically and horizontally, throughout the tailings area, as well as the depth of the tails. In late May, LGL Limited of Burlington, Ontario, began a surface water assessment in the vicinity of the Castle Mine tails on behalf of BacTech. The purpose of the assessment will be to collect baseline environmental information regarding water quality and the aquatic community in the lakes and streams surrounding the tailings. LGL is conducting a similar study in the Cobalt area for the Ministry of Northern Development and Mines ("MNDM") which will be of great use to BacTech when it is completed and made public in approximately 12 months. From 1967-2002, a number of studies were carried out by federal and provincial governments in the Cobalt area to assess contamination levels of arsenic and other metals. These studies all indicate widespread arsenic contamination in the surface waters of the Cobalt and Gowganda areas. BacTech's bioleaching technology will assist in stabilizing arsenic, while at the same time recovering metals such as silver, cobalt and nickel for resale. On June 9, Company President and CEO, Ross Orr, traveled to meet with the Matachewan First Nations band to present the proposed plans BacTech has for the area. Also in attendance were 3 individuals from the MNDM, and a positive question and answer session followed a presentation. BACTECH PROFILE BacTech owns patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching. In June 2008, the Company signed an agreement to acquire Yamana Gold Inc.'s 33% interest in two refractory gold deposits in Papua New Guinea. In September 2008, BacTech signed an MOU to investigate the use of bioleaching to reprocess arsenic-laden tailings in Cobalt, Ontario. This is the Company's first foray into the cleantech industry. BacTech is continuing to evaluate additional remediation projects. Shares outstanding 83,857,206 |
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply