Itronics Achieves Technology Milestone in Stage I Silver Refinery Expansion by Shipping Its First Recovered Silver Bullion
January 11 2011 - 8:40AM
Marketwired
Itronics Inc. (PINKSHEETS: ITRO) reported today that its
subsidiary, Itronics Metallurgical, Inc., has achieved a major
technology milestone in starting up the Stage I silver refinery
expansion by shipping the first silver bullion produced by the
process.
Itronics Metallurgical has made the first silver bullion
shipment containing a substantial amount of silver recovered using
the new FeLix leaching process. In mid-December the FeLix process
achieved the targeted feed solids mass reduction of 85 percent.
Implementation of the SuLix process which would further reduce the
feed solids mass by recovering the sulfur is being deferred for now
and the sulfur-bearing solids are being delivered directly to the
refinery. The refinery processes are being adjusted for the
characteristics of the new feed material.
The Company has completed integrating the FeLix process into its
overall operations. The silver-bearing solids being produced by
photoliquids processing are now being split, with a portion of the
solids being used to continue the start up of the FeLix process and
the balance going directly to the refinery. The amount of
silver-bearing solids being fed to the process will be
progressively increased in the first and second quarters of
2011.
There are still additional steps to implement in completing the
start up of the FeLix operation, including integration of the new
iron-bearing leach liquors into the fertilizer manufacturing
processes. This work will be advanced in the first and second
quarters of 2011.
"The technology milestone being achieved in the Stage I leaching
circuit start up is both very exciting and profitable for the
Company," said Dr. John Whitney, Itronics President. "We have
successfully eliminated the silver refining capacity bottle neck
and are already seeing the operational and financial benefits of
this revolutionary new technology."
The Stage I expansion is expected to increase nominal silver
refining capacity to 240,000 ounces per year by increasing the per
melt capacity of the refining operation by 10 times. At current
silver prices of $30.00 per troy ounce, annual silver bullion sales
capacity would increase from $720,000 to $7.2 million.
About Itronics Headquartered in Reno,
Nevada, Itronics Inc. is a "Creative Clean Technology" company.
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is
the only company with a fully permitted "Beneficial Use
Photochemical, Silver, and Water Recycling" plant in the United
States that converts used photoliquids into pure silver and GOLD'n
GRO liquid fertilizers. Through its subsidiary Whitney &
Whitney, Inc., the Company is now providing project planning and
technical services to its partially owned affiliate Auric Gold
& Minerals on its Iron Oxide Copper Gold Fulstone Project and
operates the popular InsideMetals.com web site,
http://www.insidemetals.com, which provides a value-added WORLD
VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold
Stocks, and Junior Mineral Stocks.
Itronics has received numerous domestic and international awards
that recognize its ability to successfully create and implement new
environmentally clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid
fertilizers, which are extensively used in agriculture, can be used
for lawns and houseplants, and are available, along with liquid
fertilizer injectors, at the Company's "e-store" catalog at
http://goldngro.com. The popular Silver Nevada Miner bars are
available at the Company's "e-store" catalog at
http://www.itromet.com.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity and
access to public markets, operating expense reduction, and trends
in the industry in which the Company operates. The forward-looking
statements contained in this press release are also subject to
other risks and uncertainties, including those more fully described
in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to update these
forward-looking statements to reflect actual results, changes in
risks, uncertainties or assumptions underlying or affecting such
statements, or for prospective events that may have a retroactive
effect.)
Contact: Paul Knopick 888-795-6336
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