EnviroLeach Achieves over 93% Recoveries in Independent Validation Test Work by AuTec
February 20 2019 - 5:00AM
EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”),
(CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) is pleased to report
independent analytical results from AuTec, a respected,
full-service metallurgical testing lab and piloting facility in
Vancouver. The research work was commissioned by EnviroLeach as
part of their enhanced third party, independent validation program.
AuTec selected the test materials from their own
inventories and performed all tests and assays at their own
facilities independent of EnviroLeach staff. The results of
the latest 6 leach tests using the EnviroLeach formulas indicate
that gold recoveries of over 93% were achieved from all samples
within 24 hrs, with most of the tests achieving over 90% recoveries
in less than 3 hrs.
Three different samples were selected for
testing and two tests were carried out on each sample. The
two tests were done with slightly different reagent profiles.
The results of the independent AuTec
metallurgical tests are detailed as follows and summarized in
Figure 1:
Test Number |
Cal Head (g/t Au) |
Assayed (g/t Au) |
Residue (g/t Au) |
Recoveries (%) |
1 hr |
3 hr |
6 hr |
24 hr |
DB101 |
2.85 |
2.58 |
0.17 |
93.0 |
94.5 |
94.5 |
94.5 |
DB102 |
2.56 |
2.58 |
0.16 |
92.4 |
92.4 |
93.8 |
93.8 |
DB103 |
3.23 |
2.50 |
0.08 |
80.3 |
89.2 |
92.0 |
97.5 |
DB104 |
2.83 |
2.50 |
0.08 |
85.4 |
91.4 |
94.4 |
97.2 |
DB105 |
5.35 |
5.04 |
0.29 |
67.2 |
84.9 |
92.0 |
94.6 |
DB106 |
4.61 |
5.04 |
0.29 |
87.4 |
91.1 |
92.8 |
93.7 |
Ish Grewal, M.A.Sc., P.Eng. and Executive Vice
President of EnviroLeach, states; “I am very pleased with the
recent results from AuTec. These impartial test results are similar
to previous test results on work performed by our Company and other
independent metallurgical labs in North America. Even though we
have performed thousands of these tests over the last 2 years, this
type of independent, third-party validation plays an important role
in the industry acceptance and adoption of such a disruptive
technology.”
Detailed test results and reports are available
upon request at info@enviroleach.com.
About AuTec
AuTec is a full service metallurgical and
mineralogical testing facility. More information about AuTec can be
found on their website: www.autec.ca.
AuTec is a wholly owned subsidiary of Barrick
Gold Corp., one of the world’s largest gold producers.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company
that is engaged in the development and commercialization of
environmentally-friendly technologies for the recovery of precious
metals in the mining and E-Waste sectors. Using its proprietary
non-toxic, water-based, and near neutral pH treatment process,
EnviroLeach extracts precious metals from mining ores,
concentrates, and E-Waste using only FDA approved additives at
ambient temperatures.
Backed by a staff of highly experienced
scientists and engineers, and based on years of research, including
independent validations and pilot scale test programs,
EnviroLeach’s technology is poised to become the world standard in
eco-friendly extraction of precious metals in both the conventional
mining and E-Waste sectors. Further information is available on the
EnviroLeach web site: https://enviroleach.com
Forward Looking Statements
This News Release contains “forward-looking
information” and “forward looking statements” within the meaning of
applicable Canadian and United States securities legislation.
Statements contained herein that are not based on historical or
current fact, including without limitation statements containing
the words “anticipates,” “believes,” “may,” “continues,”
“estimates,” “expects,” and “will” and words of similar import,
constitute “forward-looking statements” within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking information may include, but is not limited to,
information with respect to our Research and Development
activities, the accuracy of our capital and operating cost
estimates; production and processing estimates; the results, the
adequacy of EnviroLeach’s financial resources and timing of
development of ongoing research and development projects, costs and
timing of future revenues or profits and adequacy of financial
resources. Wherever possible, words such as “plans”, “expects”,
“projects”, “assumes”, “budget”, “strategy”, “scheduled”,
“estimates”, “forecasts”, “anticipates”, “believes”, “intends”,
“targets” and similar expressions or statements that certain
actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved, or the negative forms of any
of these terms and similar expressions, have been used to identify
forward-looking statements and information. Statements concerning
future revenue or earnings estimates may also be deemed to
constitute forward-looking information. Any statements that express
or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance are not statements of historical fact and may
be forward-looking information. Forward-looking information is
subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ
from those expressed or implied by the forward-looking information.
Forward-looking information is based on the expectations and
opinions of EnviroLeach’s management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise. We do not assume any obligation to update
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
applicable law. For the reasons set forth above, prospective
investors should not place undue reliance on forward-looking
information. The CSE has not approved or disapproved of the
information contained herein.
Contact Information:
Todd BeavisEnviroLeach Technologies Inc.
info@EnviroLeach.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/b09e70d7-cccf-4e72-94e6-3cf143f796d3
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