Bacanora Announces Boric Acid and Drilling Mud Test Results from El Cajon Deposit, Sonora, Mexico
April 30 2014 - 4:04PM
Marketwired
Bacanora Announces Boric Acid and Drilling Mud Test Results from El
Cajon Deposit, Sonora, Mexico
CALGARY, ALBERTA--(Marketwired - Apr 30, 2014) - BACANORA
MINERALS LTD. (TSX-VENTURE:BCN) ("Bacanora" or the "Company") is
pleased to announce results of pilot plant testing and testing of
clays from borate-bearing sediments at its El Cajon borate deposit
within the Magdalena Borate Project, Sonora, Mexico.
The Company has successfully produced material grading 99% boric
acid from its pilot plant in Hermosillo on samples taken during
bulk sampling of the borate-bearing A unit at the El Cajon borate
deposit. The purity of the boric acid has been confirmed by
Inspectorate Exploration & Mining Services Ltd.
("Inspectorate") based on x-ray powder diffraction data obtained
from samples that Inspectorate submitted to the Department of Earth
& Ocean Sciences at the University of British Columbia.
Concurrent with the boric acid testing, the Company submitted
clay samples to Grinding Solutions Ltd. ("Grinding Solutions"), a
metallurgical and mineral processing consultancy and laboratory
services company based in the United Kingdom. Grinding Solutions
has performed initial test work on the clays from the Magdalena
Borate Project to determine whether the mineral characteristics of
the clays contain properties that would allow commercial drilling
mud to be produced. Based on such testing, Grinding Solutions
concluded that a commercial drilling mud product could be produced
from the clays, subject to the formulation of a specific process to
produce such mud. Grinding Solutions has recommended that further
tests be carried out in order to formulate a process for the
production of a marketable drilling mud product.
Martin Vidal, President of Bacanora, commented "We are very
pleased to be able to produce a high purity boric acid having a
grade of 99%. Boric acid samples will be distributed to potential
customers to gauge the demand and pricing for the El Cajon boric
acid. The Company plans to continue to move the boric acid project
forward towards the pre-feasibility stage with engineering design
work for a boric acid plant. In conjunction with this work, the
Company will be updating its mine plan and reviewing necessary
capital and operating cost data for a pre-feasibility report. We
are also very pleased to have determined the potential viability
for a second commercial product to be produced from the clays and
look forward to working together with Grinding Solutions in order
to formulate a process for the production of a marketable drilling
mud product"
About the El Cajon Borate Deposit:
The El Cajon deposit is the most advanced of several borate
targets within the Magdalena Borate Project. Concessions
constituting the Magdalena Borate Project are 100% owned by
Bacanora's wholly-owned subsidiary, Minera Sonora Borax S.A. de
C.V., subject to royalties totaling 6%. For further information on
these properties please refer to the press release and technical
report filed January 4, 2013.
Carl G. Verley, P.Geo. is the Qualified Person pursuant to
National Instrument 43-101 - Standards of Disclosure for
Mineral Projects that has reviewed and approved the technical
contents of this news release.
Reader Advisory
Except for
statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. In particular, forward-looking information in this
press release includes, but is not limited to our intended use of
testing results and the potential use in a prefeasibility study and
further testing of clay material. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking
information is based on the opinions and estimates of management at
the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those anticipated in
the forward-looking information. Some of the risks and other
factors that could cause the results to differ materially from
those expressed in the forward-looking information include, but are
not limited to: commodity price volatility; general economic
conditions in Canada, the United States, Mexico and globally;
industry conditions, governmental regulation, including
environmental regulation; unanticipated operating events or
performance; failure to obtain industry partner and other third
party consents and approvals, if and when required; the
availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market
volatility; competition for, among other things, capital, skilled
personnel and supplies; changes in tax laws; and the other risk
factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be
construed as exhaustive.
The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement. We undertake no
duty to update any of the forward-looking information to conform
such information to actual results or to changes in our
expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
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.
Bacanora Minerals Ltd.Shane ShircliffChief Executive
Officer(306) 649-0602Bacanora Minerals Ltd.Martin
VidalPresident(+52 662) 210-0767www.bacanoraminerals.com
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