Mineworx Issued Second U.S. Patent for Mobile Modular Gold Mining/Extraction Process
December 04 2019 - 7:00AM
Mineworx Technologies Ltd., (the
"
Company" or "
Mineworx") (TSXV:
MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) is pleased to announce
that further to its news release dated November 13, 2018 that the
United States Patent and Trademark Office (USPTO) has issued U.S.
Patent Number 10/351,454 covering the Mineworx HM X-tract mobile
modular mining/extraction process.
The second patent relates to the water
reclamation subsystem for the HM X-tract mobile modular
mining/extraction process. The water recycling subsystem is
positioned to receive the tailings and separate the tailings into
recyclable water and solid waste. The water recycling system is
configured to route the recycled water into the heavy metals
separating subsystem for reuse, allowing for an 80% reduction in
the consumption of water.
The HM X-tract proprietary mining technology,
combined with a unique operational system results in an
environmentally responsible, non-toxic process for precious metal
reclamation which requires no tailings ponds and consumes 80% less
water. The system is capable of high efficiency recoveries from
both alluvial and crushed hard rock deposits as well as being able
to process old tailings for remaining value. The new technology
allows us to deploy rapidly, process efficiently and decommission
quickly in an environmentally sound manner with little capital
expenditure and significantly reduced permitting process.
The HM X-tract will target:
- Deposits previously not minable due to environmental
concerns.
- Smaller deposits where large capital expenditures are not
justified.
- Deposits in areas where permitting and lack of water prohibit
mining.
- Cleanup of any other metallic solids soil contamination.
About Mineworx
Mineworx is positioned for growth through
partnerships with advanced mining projects as well as E-Waste
opportunities through its collaboration with EnviroLeach
Technologies. By utilizing its patented and patent pending
environmentally friendly portable extraction technologies along
with its licensed non-toxic, cyanide free precious metals formula
these innovations will increase and enhance business opportunities
by deploying cost effective, extractive metallurgical solutions.
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.
This press release contains certain statements
which constitute forward-looking statements or information
(“forward-looking statements”), including statements regarding
Mineworx’s business. Such forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond
Iberian’s control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices,
currency fluctuations, environmental risks, operational risks in
exploration and development, competition from other industry
participants, the lack of availability of qualified personnel or
management, stock market volatility and the ability to access
sufficient capital from internal and external sources. Although
Mineworx believes that the expectations in the forward-looking
statements are reasonable, they are based on factors and
assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently
available information. Such statements are subject to known and
unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to
differ materially from those stated, anticipated or implied in the
forward-looking information. As such, readers are cautioned not to
place undue reliance on the forward-looking information, as no
assurance can be provided as to future results, levels of activity
or achievements. The forward-looking statements contained in this
document are made as of the date of this document and, except as
required by applicable law, Mineworx does not undertake any
obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement.For further information, go to
www.mineworx.net
For further information
contact:
MINEWORX TECHNOLOGIES LTD.Rick Gliege, V.P.
CorporateDevelopment250-751-3661
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