BacTech Contracts Rodren Drilling for Anderson Lake, Snow Lake, Manitoba, Winter Drill Program
18 Março 2013 - 1:54PM
Marketwired Canada
BacTech Environmental Corporation ("BacTech" or the "Company",
(CNSX:BAC)(OTC:BCCEF)(WKN:A1H4TY) is pleased to announce that it has awarded a
drilling contract to Rodren Drilling Ltd. of Winnipeg, Manitoba, for its
Anderson Lake winter drill program. The program will begin today. All permits
for the drill program have been received.
On February 12, 2013, BacTech Manitoba Corporation signed a Memorandum of
Understanding ("MOU") with HudBay Minerals Inc. ("Hudbay") (TSX:HBM)(NYSE:HBM)
for the Anderson Lake tailings site located in Snow Lake, Manitoba. Anderson
Lake hosts tailings from ten past-producing mines in the area. Pursuant to the
MOU, BacTech is to conduct a drilling program to obtain samples from the
Anderson Lake tailings.
The purpose of the drill program is to quantify the grade of gold and silver in
the tails, as well as establish an oxide gold/sulphide gold ratio with special
attention to refractory type sulphides for the tailings. The Company expects to
drill 25 holes over an area of 728 sq meters at 100 meter intervals.
The tailings were created through deposition from a number of local mines
including, but not limited to, the Chisel, Photo, Stall, Spruce Point, Osborne,
Rod, and Anderson Mines. Assay results from the drill core will be reported once
received. BacTech is interested in the identification of refractory sulphide
ounces as possible feed for the Company's bioleach plant to be built in Snow
Lake.
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.
The Company also announces that, pursuant to the stock option plan, the Board of
Directors has approved the issuance of 750,000 options to purchase common shares
of the Company to certain directors, employees and consultants of the Company.
The exercise price of the options is $0.20. They are subject to a four-month
hold and have a term of 5 years. The total number of outstanding options under
the Company's plan is now 4,150,000, or approximately 8.5% of the outstanding
shares.
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.
Follow us on:
Facebook http://www.facebook.com/BacTechGreen
Twitter http://twitter.com/BacTechGreen
LinkedIn http://www.linkedin.com/company/1613873
YouTube http://www.youtube.com/user/bactechgreen
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 Environmental (CSE:BAC)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
BacTech Environmental (CSE:BAC)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024