EnviroLeach Technologies Inc. (the
“
Company “or “
EnviroLeach”),
(CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) and
Golden Predator
Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (“
Golden
Predator”) are pleased to announce the Companies have
entered into an agreement to use EnviroLeach’s proprietary
cyanide-free hydrometallurgical technology to extract gold from
gravity concentrate produced at Golden Predator’s 3 Aces
Project.
This working relationship provides both
Companies with the first on-site bulk test of EnviroLeach’s new
cyanide-free technology. Initial laboratory, pilot scale and
production scale testing was successfully conducted at
EnviroLeach’s facility in Surrey, British Columbia prior to on-site
testing at Golden Predator’s processing plant (the “Plant”) in
Canada’s Yukon. All tests were conducted under the supervision of
EnviroLeach and Golden Predator personnel with results to be
released shortly. The initial 5 tonne bulk test will be conducted
in phases and completed at the Plant.
Golden Predator operates the Plant for the
purposes of bulk sample testing of gold concentrate from its 3 Aces
Project. As part of its processing plant, Golden Predator developed
a mobile batch recovery unit (“Secondary Recovery Unit” or “SRU™”)
for the recovery of gold from its sulfide concentrate. Golden
Predator is utilizing the EnviroLeach proprietary cyanide-free
technology in the SRU™.
Duane Nelson, President and Chief Executive
Officer of EnviroLeach commented: "I am very pleased to announce
this working relationship with Golden Predator. The gold recovery
from Golden Predator’s arsenopyrite concentrate confirms the
ability of our new eco-friendly formula to extract gold into
solution from sulfide ores and recover it using conventional
technologies. EnviroLeach is the only commercial-scale,
economically viable and safe hydrometallurgical gold extraction
process in the world. Our unique and eco-friendly process will
change the way the world produces and recycles gold."
Janet Lee-Sheriff, Chief Executive Officer of
Golden Predator added: “The Plant and SRU are examples of the
continuing ways that Golden Predator works to be innovative,
testing new methods that have the ability to change how we operate
at projects like 3 Aces. Working with EnviroLeach provides us a
unique opportunity to lead the way for safe and responsible new
cyanide-free extraction methods in processing gold bearing
concentrates. We are very excited to be working with the
EnviroLeach team and their new technology.”
About the EnviroLeach
ProcessThe EnviroLeach process delivers numerous economic
and environmental benefits over current extractive technologies.
The solution can effectively dissolve gold into aqueous solution
with similar leach kinetics and economics to that of cyanide but is
sustainable, safe and environmentally friendly. This water-based
process has a broad applicability spectrum and is effective on most
gold ores and concentrates. It can potentially unlock the value of
many deposits located in environmentally sensitive areas that
cannot be developed using current extraction methods.
About the Golden Predator
Process Golden Predator’s test processing plant, the
first of its kind in Yukon, Canada, commenced operations in 2016
providing increased metallurgical and geological understanding of
its 3 Aces Project. The plant is a relatively simple gravity
circuit utilizing a closed-circuit water system with no added
chemicals due to the free-milling nature of 3 Aces gold. The 50
tonnes per day closed circuit plant recovers gold from #1
concentrates realizing over 85% recovery of contained gold with
doré bars sent to a commercial refinery for final processing.
Golden Predator is currently testing EnviroLeach’s patent pending
technology in it’s SRUTM for the extraction of gold from their
#2 concentrates.
The 3 Aces Project is an orogenic gold project
in southeast Yukon which provides the testing material for the
processing plant. Golden Predator has to date focused exploration
on a broad gold-in-soil anomaly, where numerous orogenic
gold-bearing quartz veins have been discovered. Golden Predator
made an early decision to bulk sample at its 3 Aces Project when it
realized that much of the gold contained in its veins is high grade
(not uncommonly over 30 g/t gold) and nuggety. The best way to
determine the true gold value of a nuggety gold system is to
conduct large scale bulk sampling which also allows Golden Predator
the opportunity and ability to conduct on-site bulk metallurgical
and processing tests.
About Golden Predator Mining
Corp.Golden Predator is advancing the fully licensed
Brewery Creek project towards production while exploration drilling
continues to expand resources. The Company also undertakes bulk
sampling and test recovery processes at its Yukon-based test
processing plant demonstrating gold recoveries of over 85%, without
the use of cyanide, from its 3 Aces Project. This green gold
provides for the mintage of .9999 gold coins from the Yukon Mint, a
wholly owned subsidiary of Golden Predator.
About EnviroLeach Technologies
Inc.
EnviroLeach Technologies is a technology company
engaged in the development and commercialization of environmentally
friendly formulas and technologies for the treatment of materials
in the mining and recycling sectors. Using its proprietary
non-cyanide, water-based, neutral pH treatment process, EnviroLeach
extracts precious metals from ores, concentrates, and E-Waste using
only FDA approved additives and ambient temperature water.
Backed by the momentum of a first-class staff of
scientists and engineers, tens of thousands of individual assays,
independent validations and strategic partners, EnviroLeach’s
technology will become the standard for the provision of
eco-friendly methods for the hydrometallurgical 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
Contact Information: |
|
Duane Nelson CEO & President EnviroLeach
Technologies Inc.info@EnviroLeach.comwww.EnviroLeach.com |
Janet Lee-Sheriff Chief Executive
Officer Golden Predator Mining Corp.(604)
260-5029info@goldenpredator.comwww.goldenpredator.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.
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