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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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BacTech Mining Corp
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EXPLORATEUR |
CODE : BM.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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 751 120 CA$ (553 923 US$, 499 528 €). La valeur de son action a atteint son plus haut niveau récent le 30 janvier 1998 à 99,50 CA$, et son plus bas niveau récent le 22 avril 2016 à 0,03 CA$. BacTech Mining possède 8 836 707 actions en circulation. |