Re: News Release - Monday, September 15, 2008
Title: BACTECH PARTNER SHIPS TAILINGS FOR TESTING
Gold Bullion provides 500 kg sample Toronto, Canada, September 15, 2008 - BacTech Mining Corporation ("BacTech" or the "Company", TSX-V: BM) today announced that a 500 kg sample of tailings taken from the Castle Mine tailings located in Gowganda, Ontario (Cobalt area), has been shipped by Gold Bullion Development Corp. (TSX.V: GBB) to SGS Lakefield in Lakefield, Ontario.
Lakefield has been retained to provide assay and mineralization analysis for the sample, as well as conduct a study to identify the appropriate pre-concentration method to obtain maximum metal recovery. The resulting concentrate will be sent to SGS Oretest in Perth, Australia, where it will be subjected to a series of bioleaching amenability tests. The goals of the program are twofold. First, BacTech will be studying the affect of bioleaching on neutralizing the associated arsenic in the concentrate and, secondly, determining the viability of recovering the contained cobalt, silver and nickel.
BacTech also announces the launch of its newly-redesigned web site. The site now incorporates more information on current and past projects, as well as an accompanying photos gallery. The URL remains the same at
www.bactech.com.
Finally, BacTech has decided not to pursue the Two Boys uranium project north of Godbout, Quebec, and will drop its option. The Company will continue to focus on opportunities that can use BacTech's proprietary bioleach technology and provide it with equity participation as well.
BACTECH PROFILEBacTech has developed and patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. BacTech has successfully commissioned three bioleach plants for gold and demonstrated its technology in the selective recovery of base metals from complex sulphide concentrates in a joint project with Industrias Pe�oles de C.V. of Mexico that was completed in 2001. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching. The Company recently signed an agreement to acquire Yamana Gold Inc.'s 33% interest in 2 refractory gold deposits in Papua New Guinea.
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For further information contact:
Ross Orr, President & CEO, 416-813-0303 ext 222
Investor Relations:
Pierre Anglos 1-800-436-2027 Email:
capitalgainsco@shaw.ca
Shares outstanding 60,107,206
The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this release
Copyright � 2008 BACTECH MINING CORPORATION (BM) All rights reserved. For more information visit our website at
http://www.bactech.com/ or send email to
info@bactech.com ..
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BacTech Mining Corp
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EXPLORATION STAGE |
CODE : BM.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
BacTech Mining is a gold development stage company based in Canada. BacTech Mining holds various exploration projects in Armenia. Its main exploration properties are FERGUSSON ISLAND in Papua New Guinea and LICHKVAZ-TEY in Armenia. BacTech Mining is listed in Canada and in United States of America. Its market capitalisation is CA$ 751 120 as of today (US$ 553 923, € 499 528). Its stock quote reached its highest recent level on January 30, 1998 at CA$ 99.50, and its lowest recent point on April 22, 2016 at CA$ 0.03. BacTech Mining has 8 836 707 shares outstanding. |