BacTech Continues to Report Consistent High Grades From
Telamayu Drilling
Averages 12 oz/t Silver and 1.71% Tin Over 10
Meters
Toronto, Canada -- May 8, 2017 -- InvestorsHub NewsWire --
BacTech Environmental Corporation (BacTech or the Company), (CSE:
BAC, OTC Pink: BCCEF) today announced
assays for an additional 10 holes drilled at the Telamayu, Bolivia
tailings project. 60 holes were drilled in total. Additional
results will be released as they become available.
Highlights of the latest analyses include continued strong
silver and tin results, as presented in the following table.
|
Hole
|
From
|
To
|
Length (m)
|
% Recovery
|
Ag g/t
|
Sn %
|
Sol. Cu %
|
Cu Total %
|
|
f6
|
0.50
|
11.90
|
11.40
|
76.00
|
264.00
|
2.58
|
0.16
|
0.28
|
|
f7
|
0.34
|
11.99
|
11.65
|
90.10
|
394.42
|
2.04
|
0.44
|
0.64
|
|
g5
|
0.30
|
11.78
|
11.48
|
84.70
|
382.73
|
1.44
|
0.25
|
1.83
|
|
g5x
|
0.00
|
12.20
|
12.20
|
10.,00
|
394.32
|
1.53
|
1.06
|
1.84
|
|
g7
|
0.40
|
11.79
|
11.39
|
83.60
|
533.45
|
1.80
|
0.37
|
0.70
|
|
h5
|
0.50
|
12.10
|
11.60
|
98.20
|
473.60
|
1.61
|
0.76
|
1.60
|
|
h6
|
0.44
|
11.85
|
10.41
|
59.20
|
195.54
|
1.50
|
0.56
|
0.80
|
|
h7
|
0.40
|
12.10
|
11.71
|
89.00
|
327.60
|
1.49
|
0.47
|
1.54
|
|
i5
|
0.10
|
13.20
|
13.10
|
100.00
|
434.30
|
1.40
|
0.51
|
1.17
|
|
i7
|
0.60
|
13.82
|
13.22
|
84.00
|
383.34
|
1.90
|
0.32
|
0.71
|
|
Average
|
|
|
11.82
|
86.48
|
378.33
|
1.73
|
0.49
|
1.11
|
*Lengths indicated are true widths
On Friday, May 5, silver closed at $16.31/oz, tin closed at
$19,800 per tonne, and copper closed at $2.52/lb.
The holes were drilled vertically into the tailings with
intervals of 1 meter to an average depth of 10 meters per hole.
Holes were implanted on a grid 20 m X 20 m covering the entire
Antiguo tailings. Samples consist of half NQ-size diamond
core that are split on site, prepared at the Spectrolab laboratory,
an ISO accredited laboratory at the Technical University of Oruro,
Bolivia and assayed for gold, silver, tin and copper by fire assay
for silver and by Atomic absorption or total fusion for the base
metals.
The QA-QC program of the Company includes one blank, one duplicate
and 2 certified standards in each hole (some minor exceptions). The
remaining half core is retained onsite for verification and
reference purposes.
The sampling results from this drill program will be the
underpinning of a resource estimation following the guidelines
established by Canadian National Instrument 43-101 reporting. Once
the drilling program has been completed, the Company will
immediately begin metallurgical test work to determine the
appropriate method for metal recovery. A complete NI 43-101
Preliminary Economic Assessment ("PEA") will then be completed.
Telamayu is an historic mill town situated next to Atocha,
Bolivia. Over the past 80 years, the mill has treated material from
2 local mines (Tasna and Animas). The tailings from the mill make
up the Antiguo tailings, the subject of these assays, and the much
larger Nuevo tailings. BacTech has an option with COMIBOL, the
Bolivian state mining company, for reprocessing these tailings.
Previously, COMIBOL engaged individuals to dig test holes on the
tailings (five wells of 1.5mx1.5mx10m) with bulk samples taken
every meter, as well as channel samples.
The Company also reports that it expects to close the 2nd
tranche of the current debenture financing this week. The Company
is offering a 2 year, 12% debenture that also includes a 20% common
stock bonus payment. Originally slated to raise up to $250,000, the
Company announced previously that it would increase the amount
should demand be present. At this stage, BacTech has received
commitments that exceed $250,000 and will close an amount higher
than the original plan.
Pierre ODowd, a geologist and Qualified Person under NI 43-101,
who has visited the property, has read and approved this
release.
Company Profile
BacTech Environmental Corporation holds the perpetual,
exclusive, royalty-free rights to use the patented BACOX
bioleaching technology for the reclamation of tailings and mining
waste materials. The Company's principal focus is a high-grade
silver/copper/tin tailings project called Telamayu, located in
Atocha, Bolivia, in association with COMIBOL, the state mining
group. Investigation has begun to identify opportunities in Ecuador
where mercury and arsenic issues caused by artisanal mining leads
to environmental degradation. The Company continues to field
enquiries globally with respect to additional opportunities for
remediation, including licensing transactions for the
technology.
For further information contact:
Ross Orr, President & CEO
BacTech Environmental Corporation: 416-813-0303 ext 222
Email: borr@bactechgreen.com
Bill Mitoulas, Investor Relations
416-479-9547
Email: billm@venturenorthcapital.com
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Special Note Regarding Forward-Looking
Statements
This news release contains "forward-looking information", which
may include, but is not limited to, statements with respect to
future tailings sites, sampling or other investigations of tailing
sites, the Company's ability to make use of infrastructure around
tailings sites or operating performance of the Company and its
projects. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or believes" or variations (including
negative variations) of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this news release and
the Company disclaims, other than as required by law, any
obligation to update any forward-looking statements whether as a
result of new information, results, future events, circumstances,
or if management's estimates or opinions should change, or
otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.
Shares outstanding 60,762,930
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contents of this release.