BacTech Investigates Colombia Gold Tails Project
BacTech to Investigate Colombia Gold Tailings Project
August 10, 2020
Toronto, Canada
BacTech Environmental Corporation (“BacTech” or the “Company”),(CSE:BAC,
OTC:BCCEF) today announced that it has agreed to investigate a gold mine tailings
site near Medellin, Colombia with MetalTec, LLC (“MetalTec”). MetalTec, based in
Naples, Florida, operates an alluvial mine in Colombia as well as brokering gold
produced by small miners.
Ross Orr, President and CEO of BacTech, states: “We were recently contacted by
MetalTec to investigate a tailings site near their alluvial mine in Colombia. The
stated gold and platinum grades appear to be significant but require an
independent third party to verify the results which were presented to us. Prior to
assaying, it would be premature to discuss economic implications. The presence of
arsenic is, of course, of interest to us as a condition which makes our technology
particularly appropriate.”
MetalTec will be responsible for hiring a n independent third party who will drill a
minimum of 2 holes in the tails to recover material for ass essment. BacTech will
then have the samples assayed for gold, platinum and arsenic as well as produce a
mineralogy report. If the results are suitable , we will apply for permits and
reprocess the tails.”
The tailings, which date back to the 1930’s, were generated from an underground
mine. Material collected by the independent third party will be sent to an
accredited lab for assay and metallurgical test work. T he resulting concentrate
would then be sold until such time as the material can be shipped to BacTech’s
proposed bioleach plant to be based in Ponce Enriquez, Ecuador.
As a point of reference, a 100 tpd flotation plant would produce approximately 10-
15 tpd of concentrate. The expected capacity of the Ponce Enriquez bioleach plant
is 50 tpd of arsenic/gold concentrate.
BacTech continues to seek out opportunities for its technology to be applied to
waste cleanup in an economically attractive way to assist in cleaning up potentially
dangerous sites.
ABOUT METALTEC, LLC
MetalTec, LLC is a vertically integrated mining company headquartered in Naples,
Florida. The Company operates several alluvial mines near Medellin, Colombia
and has multiple output contracts across the country.
ABOUT BACTECH
BacTech is promoting the use of its proprietary bioleach processing technology to
treat historic arsenopyrite concentrates and tailings produced in the Ponce
Enriquez area of Southern Ecuador.
BacTech has agreed to participate with a group looking to reprocess the Arsenic
Stockpile in Snow Lake, Manitoba as a technology partner.
For further information contact: Ross Orr, President & CEO, BacTech Environmental
Corporation/ 416- 813-0303 ext. 222, Cell 416- 346-5529 and Email:
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
investigations of tailing sites, the Company’s ability to make use of infrastructure
around tailings sites or ope rating 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 ev ents, 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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