Re: News Release - Wednesday, May 04, 2011
Title: BacTech Commences Drilling Program on Snow Lake Arsenopyrite Stockpile
Toronto, Canada, May 4, 2011 - BacTech Environmental Corporation ("BacTech" or the "Company", CNSX: BAC) today announced that work will begin on the arsenopyrite concentrate stockpile located in Snow Lake, Manitoba, on May 9th. A sonic drill rig will be mobilized on that day and should be at site for approximately 7 days. The goal of the drill program is to obtain representative material for assaying and bioleaching, in addition to creating a National Instrument 43-101 ("43-101") resource estimate for the stockpile.
It is anticipated that a total of 30 HQ holes will be drilled on 3 fences with 10 meter spacing between holes. In addition, all holes will be drilled into the base sediments below the stockpile to determine the extent of the arsenic penetration. The drill core will be split, with one half of the core being retained for purposes of calculating the 43-101 report. The other half of the core will be shipped to Inspectorate Exploration and Mining Services Ltd. in Vancouver, B.C., for assaying for gold and bioleach test work. It is estimated that the bioleach work will be completed in the 3rd quarter of this year.
The contract to clean up the Snow Lake concentrate stockpile was awarded to BacTech on April 27th in response to a Request for Proposal issued by the Mines Branch of Manitoba Innovation, Energy and Mines in December 2010. Upon completing the test work, BacTech will submit its results to Mines Branch. Assay results on the material recovered through the drill program will be released upon receipt of the results.
BacTech Environmental profile
BacTech Environmental Corporation was created through a Plan of Arrangement completed on December 2, 2010, whereby shareholders of the former BacTech Mining Corporation ("BMC"), renamed REBgold Corporation, were issued, in exchange for their BMC shares, 1 share of REBgold Corporation and 1/5th of one share of BacTech Environmental. BacTech Environmental holds the exclusive rights to use the patented BACOX bioleaching technology for reclamation of tailings and mining waste materials.
For further information contact:
Ross Orr, President & CEO: 416-813-0303 ext 222
Email: info@bactechgreen.com
Shares outstanding 34,978,361
The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Copyright � 2011 BACTECH ENVIRONMENTAL CORPORATION (CNSX: BAC) All rights reserved. For more information visit our website at
http://www.bactechgreen.com/ or send email to
info@bactechgreen.com ..
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BacTech Mining est une société développant des projet miniers d'or basée au Canada. BacTech Mining détient divers projets d'exploration en Armenie. Ses principaux projets en exploration sont FERGUSSON ISLAND en Papouasie-Nouvelle-Guinee et LICHKVAZ-TEY en Armenie. BacTech Mining est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,3 millions (3,0 millions US$, 2,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 30 janvier 1998 à 99,50 , et son plus bas niveau récent le 22 avril 2016 à 0,03 . BacTech Mining possède 47 442 200 actions en circulation. |