BacTech Ends Participation in Telamayu
BacTech Environmental Ends Participation in Telamayu Project
Toronto, Canada
September 9, 2019
BacTech Environmental Corporation (“BacTech” or the “Company”) (CSE:BAC, OTC-BCCEF)
today announced that it will not proceed with the reclamation of the Telamayu tailings project
in Bolivia. After completing metallurgical test work on the project and evaluating the economics
of the project it was decided that the project would be too difficult to finance. It was estimated
that the project would cost up to $US 9M.
The inability to recover tin into a suitable concentrate severely hampered the economics of the
project. Given the fact the value of the tin made up roughly 50% of the value of the contained
metal in the tailings financing the project was deemed to be too difficult.
BacTech will continue to pursue arsenopyrite opportunities in Ecuador and other Andean
countries that allow for the use of the Company’s proprietary bioleach technology. Bioleaching
produces a stable form of arsenic, ferric arsenate, as a by-product of the bioleach process. Since
the beginning of 2019 the Company has visited the Ponce Enriquez area of southern Ecuador to
meet with small mine producers of arsenopyrite. BacTech hopes to establish a bioleach
processing facility that would offer an alternative to the small miners who presently sell
concentrates to Asia at reduced prices due to high arsenic levels.
Company Overview
BacTech is investigating the use of its proprietary bioleach processing technology to treat historic
arsenic tailings and arsenopyrite concentrates produced in the Ponce Enriquez area of Southern
Ecuador.
BacTech has recently agreed to participate with a group looking to reprocess the Arsenic
Stockpile in Snow Lake, Manitoba.
For further information contact: Ross Orr, President & CEO, BacTech Environmental Corporation/
416-813-0303 ext. 222, Cell 416-346-5529 and
Email: [email protected]
Robin Cook, Investor Relations: 416-809-1738, Email: [email protected]
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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 investigati ons 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”, “expe cts”, “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.
Shares outstanding: 101,153,756
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for
the adequacy or the accuracy of the contents of this release.