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Re: News Releases - Thursday, January 29, 2009
BacTech Partners with Haileybury School of Mines
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Toronto, Canada, January 29, 2009 -- BacTech Mining Corporation
("BacTech" or the "Company", TSX.V: BM) is pleased to announce that it
will sponsor, in partnership with Northern College's Haileybury School
of Mines "HSM"), a bacterial oxidation technician's course to be hosted
at the Haileybury Campus located near Cobalt, Ontario.
In 2008, BacTech became increasingly active in the Cobalt area through
investigation of the use of its proprietary bioleach technology to
treat arsenic-laden mine tailings left behind 100 years ago by silver
miners. BacTech has applied to various government agencies for a
portion of the capital needed to construct a bioleach pilot plant near
Cobalt. The proposed plant will initially treat up to 200,000 tonnes of
tailings from the old Castle Mine near Gowganda, Ontario.
BacTech has identified a need for technicians trained in the operation
of bioleach facilities, not only at the proposed Cobalt plant, but at
future operations. At this time, expertise in the field is limited to a
select few. Dr. Paul Miller, BacTech's Vice President of Engineering
and Technology, and Dr. Chris Kennedy of the University of Toronto,
will partner with Northern College Faculty in designing the course for
a planned September 2009 launch. It is hoped that students in the
program will obtain hands on experience at the BacTech pilot plant and
will obtain employment in the field, either in Cobalt or at future
bioleach plants. BacTech is continually evaluating new opportunities
for its technology both in Canada and abroad.
Bioleaching is an environmentally benign process technology for
treating difficult to treat sulphide ores and concentrates. By
replacing smelting and/or roasting with a bioleach process, production
of sulphur dioxide emissions, the primary source of acid rain, is
eliminated. In addition, the capital and operating costs of a bioleach
facility are significantly less than for existing treatment methods.
"The Haileybury School of Mines continues to reinvent itself into a
responsive and active partner in the development of opportunity for our
communities, and we thank BacTech for their collaborative approach to
this project," stated Shawn Chorney, Associate Director, HSM. "This
project will provide new employment opportunities for Northerners and
the involvement of HSM means that the people of this region will
benefit from high quality training in this emerging field."
Ross Orr, BacTech's President & CEO, said, "We are very pleased to have
established this relationship with an institution that has such a long
history in the Canadian mining industry. The potential is there for the
Haileybury School of Mines to become a leader in providing graduates
for the bioleaching industry."
BACTECH PROFILE
BacTech owns patented bacterial oxidation technology for the treatment
of refractory ores and concentrates to enhance the recovery of gold,
silver and base metals. The Company's focus is the acquisition of
equity positions in projects amenable to bioleaching. In June 2008, the
Company signed an agreement to acquire Yamana Gold Inc.'s 33% interest
in two refractory gold deposits in Papua New Guinea. In September 2008,
BacTech signed an MOU to investigate the use of bioleaching to
reprocess arsenic-laden tailings in Cobalt, Ontario. This is the
Company's first foray into the cleantech industry. BacTech is
continuing to evaluate additional remediation projects.
HAILEYBURY SCHOOL OF MINES' PROFILE
Northern College's Haileybury School of Mines has a long and venerable
history. Since 1912, over 2,000 graduates have come through HSM and
have pursued careers in mining and mining-related fields throughout
North America and around the world. In addition to training students at
home and welcoming international students to Haileybury, HSM has also
provided expertise to schools of mines in Zimbabwe and Chile, and has
taken the lead on numerous international mining education and training
projects. The Haileybury School of Mines is also a co-founder of the
Federated School of Mines, a consortium of post-secondary institutions
with an ultimate goal of attracting people to the North, to strengthen
communities through access to education and training, to encourage
learners to stay in Northern Ontario, and to assist the industry in
changing its image and meeting its labour force and other development
needs.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company,
certain information contained herein constitutes "forward-looking
statements". Forward-looking statements are frequently characterized
by words such as "plan," "expect," "project," "intend," "believe,"
"anticipate" and other similar words, or statements that certain events
or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a
variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in
the forward-looking statements. These factors include the inherent
risks involved in the exploration and development of mineral
properties, the uncertainties involved in interpreting drilling results
and other ecological data, fluctuating metal prices, the possibility of
project cost overruns or unanticipated costs and expenses,
uncertainties relating to the availability and costs of financing
needed in the future and other factors described in the section
entitled "Risks" in the Company's Management Discussion and Analysis
for the Year Ended December 31, 2007. Circumstances or management's
estimates or opinions could change. The reader is cautioned not to
place undue reliance on forward-looking statements.
For further information contact:
Ross Orr, BacTech Mining Corporation: 416-813-0303 ext 222
Patricia Hamilton, Haileybury School of Mines: 705-672-3376 ext 8829
BacTech 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
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Copyright (c) 2009 BACTECH MINING CORPORATION (BM) All rights
reserved. For more information visit our website at
http://www.bactech.com/ or send mailto: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. |