Itronics Announces Breakthrough Invention: New Silver Refining Process
February 25 2014 - 9:09AM
Marketwired
Itronics Announces Breakthrough Invention: New Silver Refining
Process
RENO, NV--(Marketwired - Feb 25, 2014) - Itronics Inc.
(PINKSHEETS: ITRO), a growing and diversified fertilizer, silver,
and minerals producer, today announced that it has successfully
tested and is now scaling up a new refining process for recovering
silver, which reduces cost and increases efficiencies, from the
Company's silver-iron-sulfur concentrates that are produced
internally by the Company's photoliquid de-silvering process. The
new process will be named the "Itromet Silver Refining
Process."
"The Company's 'bricks and mortar' technology focus continues to
be on maximizing recoveries and on developing uses for all of the
product components for various silver-gold bearing materials
sourced from manufacturing processes," said Dr. John Whitney,
Itronics President. "This is the second breakthrough invention that
Itronics has reported this quarter. Our environmental technology
goal is to eliminate waste and to maximize the recovery and the
beneficial use of raw materials thereby maximizing sustainability.
The technology we are announcing today represents another major
step in this direction for Itronics."
In a press release issued on December 12, 2013, the Company
reported that a new refining process was being tested and that the
testing would be followed by scaling up the process in the first
quarter of 2014. One level of scale up has been successfully
completed and the Company is now proceeding to increase production
to full scale in March.
Benefits of the new process are improved first pass recovery,
elimination of an intermediate processing step that is now required
to achieve full recovery, and a reduction in glass slag production.
The process is also able to recover virtually all of the gold that
may be present in the feed materials and the process significantly
reduces refining cost. Bottom line is a significant improvement in
silver refining economics and productivity.
A secondary benefit is that the process will be useable for
refining a wider variety of silver-iron-sulfur bearing materials
including products from silver-gold mines. Testing on several
different feed materials is underway and the new process has been
successful in these tests.
The Company continues to investigate potential non-photographic
feed streams for its refinery and believes that the new Itromet
Silver Refining Process may be useable for recycling silver oxide
batteries. The feasibility of establishing and implementing a
business plan for silver battery recycling will be investigated in
2014.
In a press release dated August 14, 2013, Itronics updated its
plans for applications for silver-gold mines that have a silver to
gold ratio exceeding 4 to 1 in the ore. These mines are being
referred to as "silver-gold" mines. The Company believes that the
new process being announced today may be useable at certain
silver-gold mines in the future. The plan being implemented
envisions that Itronics' already proven silver recovery
technologies and new technologies in development would be modified
to fit specific silver-gold mine requirements. Application
modifications would be tailored to fit the operational needs of
individual mines.
"Development of our 'bricks and mortar' technology assets by the
Company makes it possible to capitalize on its intellectual
property and technical expertise and to create the opportunity for
potentially rapid increases in the value of those assets," said Dr.
Whitney. "Improving our silver-gold refining technology is a major
development for the Company. We expect this development to create
many exciting new business opportunities."
About Itronics:
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative
Clean Technology" company that produces GOLD'n GRO liquid
fertilizers and pure silver bullion. 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 spent
photoliquids into pure silver and GOLD'n GRO liquid fertilizers.
The Company is developing environmentally compatible mining
technology, and is developing the Fulstone Iron Oxide Copper Gold
exploration property in Nevada.
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. Its 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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