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Re: News Releases - Wednesday, May 20, 2009
BacTech Secures Project Manager for Proposed Bioleach Plant
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- Starts environmental assessment -
Toronto, Canada, May 20, 2009 -- BacTech Mining Corporation ("BacTech"
or the "Company", TSX.V: BM) is pleased to announce that it has engaged
the services of Mr. Peter Secker to be Project Manager for the
Company's tailings reclamation project near Cobalt, Ontario. Mr. Secker
will oversee the feasibility study for the project which will begin in
July, and the subsequent construction and piloting of the demonstration
plant. Construction is anticipated to begin in April 2010.
Mr. Secker is a mining engineer with 28 years' experience in the
resources industry. He has held a number of senior positions within the
industry, most recently as Managing Director of Michelago Limited and
CEO of JMS Mining Services. He has constructed, operated and managed
mining projects in Australia, South Africa, China and the Pacific. He
has also project-managed and operated two of BacTech's bacterial
oxidation treatment plants at Youanmi in Western Australia, and the
BioGold plant in Laizou, China.
"We are very pleased to have retained a person with hands-on experience
with respect to building and operating bioleach plants. Peter's history
in bioleaching ensures that we have a knowledgeable individual in a key
position," said Ross Orr, President and CEO of BacTech.
BacTech also reports that it has engaged an environmental company to
begin a water sampling study for the Castle Mine tails located near
Gowganda, Ontario. The study results will be incorporated into the
baseline environmental study required to obtain permits for retreating
the Castle Mine tailings.
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.
- 30 -
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 83,857,206
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts 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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VanEck Vectors Global Alternative Energy ETF
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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 4.3 millions as of today (US$ 3.0 millions, € 2.7 millions). Its stock quote reached its highest recent level on January 30, 1998 at 99.50, and its lowest recent point on April 22, 2016 at 0.03. BacTech Mining has 47 442 200 shares outstanding. |