BacTech Signs MOU with Hudbay
2013年2月13日 - 12:43AM
Marketwired Canada
BacTech Environmental Corporation ("BacTech" or the "Company"),
(CNSX:BAC)(OTC:BCCEF)(WKN:A1H4TY) today announced that its wholly-owned
subsidiary, BacTech Manitoba Corp. ("BMC"), has signed a Memorandum of
Understanding ("MOU") with Hudbay for the Anderson Lake tailings site located in
Snow Lake, Manitoba. Anderson Lake hosts tailings from ten past-producing mines
in the Snow Lake area. Pursuant to the MOU, BacTech will conduct a drilling
program to obtain samples from the Anderson Lake tailings.
Both Hudbay and BacTech are interested in evaluating the amount of precious
metals contained in the tailings. More specifically, both parties would like to
ascertain the ratio of oxide gold ounces to sulphide ounces (commonly known as
refractory) in the Anderson Tailings. BacTech is interested in the
identification of sulphide ounces as possible feed for the Company's bioleach
plant to be built in Snow Lake.
BacTech, at its expense, will conduct the drilling program and, if the results
prove to be of merit, BacTech will conduct an internal economic study to
determine if the project is viable.
Hudbay has over 60 years of mining and metal production in the Snow Lake area.
The Snow Lake-Flin Flon "Greenstone Belt" of Manitoba and Saskatchewan is one of
the most prospective areas in the world for volcanogenic massive sulphide
("VMS") polymetallic deposits. It is also the largest paleoproterozoic VMS
district in the world (Symes et al, 1999) and the richest Greenstone Belt in
Canada per square kilometre (Franklin, 1995). BacTech continues to investigate
other opportunities in the Greenstone Belt that have potential to be additional
feeds for the proposed Snow Lake bioleach plant.
BacTech profile
BacTech Environmental Corporation holds the perpetual, exclusive, royalty-free
rights to use the patented BACOX bioleaching technology for the reclamation of
tailings and mining waste materials. In December 2011, BacTech signed a contract
with the Mines Branch of the Manitoba Department of Innovation, Energy and Mines
to remediate an Arsenopyrite Residue Stockpile ("ARS") situated at the Snow Lake
Mine in Snow Lake, Manitoba, to eliminate further leaching of arsenic generated
within the ARS into the surrounding watershed. The Company continues to field
enquiries globally with respect to additional opportunities for remediation.
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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 the future capital investments,
transactions, projects or operations of the Company and its projects. Often, but
not always, forward-looking statements can be identified by the use of 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 as a result 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.
Shares outstanding 48,755,027
FOR FURTHER INFORMATION PLEASE CONTACT:
BacTech Environmental Corporation
Ross Orr
President & CEO
416-813-0303 ext 222
info@bactechgreen.com
BacTech Environmental Corporation
Bill Mitoulas
Investor Relations
416-479-9547
billm@bactechgreen.com
BacTech Manitoba Corp.
MaryAnn Mihychuk
Vice President of Operations
204-299-4036
mmihychuk@bactechgreen.com
BacTech Environmental (CSE:BAC)
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