TORONTO, CANADA -- September 13, 2017 -- InvestorsHub NewsWire
-- BacTech Environmental Corporation (CSE:BAC, OTC Pink:BCCEF), ("BacTech or
the "Company") today announces the summary of a recently completed
National Instrument 43-101 Mineral Resource Estimate on its'
Telamayu, Bolivia tailings reclamation project. The
recent 57 drill hole campaign and subsequent assay results form the
basis of the resource calculation. The full report will be posted
on SEDAR (www.sedar.com) and on the Company's website (www.bactechgreen.com) shortly.
Qualified Person
The mineral resource estimate was prepared by Pierre
O'Dowd (P. Geo), an Independent Qualified Person ("QP") as
defined by the National Instrument 43-101. Mr. O'Dowd has reviewed
and approved the contents of this release.
The following are the highlights of the report:
- Indicated and inferred resource of 373,000 tonnes and 79,000
tonnes respectively
- Average Tin grade, indicated 1.30% and inferred 1.19%
- Average Silver grade, indicated 8.2 opt and inferred 8.7
opt
- Average (total) Copper, indicated grade 1.15% and inferred
1.07%
- Average (soluble) Copper, indicated grade 0.63% and inferred of
0.65%
Ag oz./t
|
Ag g/t
|
% Sn
|
% CU S.
|
% Cu T.
|
BD
|
TONNAGE
|
Ag grams
|
Ag ounces
|
Sn lbs.
|
INDICATED
|
8,223
|
281,88
|
1,30
|
0,63
|
1,15
|
1,63
|
373 016
|
105 144 992
|
3 380 868
|
9 725 887
|
INFERRED
|
8,689
|
297,84
|
1,19
|
0,65
|
1,07
|
1,75
|
78 991
|
23 526 958
|
756 494
|
1 885 809
|
BD: Bulk Density
Methodology
Independent consulting geologist Pierre
O'Dowd performed a mineral resource estimate for the Telamayu
Antiguo tailings using data collected during the 2016-17 drilling
program. All historical data have been excluded because no
QAQC procedures were performed by former operators.
Method: The polygonal method applied on a
surface plan was used to perform the mineral resource estimate
(half distance between holes). This method was deemed appropriate
given the fact that all holes drilled by BacTech are vertical on a
20 m X 20 m grid. All material within 10 meters of the holes
were assigned to the Indicated
category. Material outside the 10m radius was
assigned to the Inferred category. This
is material mostly found on the talus of the tailings. Given the
high variability in grades and bulk density results within the
tailings, no material was assigned to the measured category.
Bulk Density (BD): Several BD measurements
were made in each hole. A BD value was assigned to each
sample of the drilling program using the closest BD value available
in the hole. This BD value was then used to obtain the
tonnage of this particular block.
Tonnage: A tonnage was applied to each
individual sample collected during the drilling program.
Tonnage was obtain using the area of a given polygon (calculated
graphically on a surface map) multiplied by the thickness of the
sample (usually 1 m but not always) and multiplied by the BD
assigned to that particular sample.
Grades: The grades of a particular
resource block correspond the grades obtained for the sample
attached to that block. Average grades of the tailings
correspond to the weighted average (based on tonnage) of all blocks
within each categories (Indicated, Inferred)
Project Overview
The project involves the environmental remediation of the
"Antiguo" tailings with an option on the "Nuevo" tailings, both
situated at the Telamayu mill site situated near the town of Atocha
in the Department of Potosi in Bolivia. As part of the
remediation process BacTech will recover silver, tin, and copper
utilizing a conventional gravity and flotation process supported
with a copper cementation circuit.
The existing Telamayu mill concentrator has generated the
Antiguo and Nuevo tailings by processing mineralized material from
the surrounding mines for over 80 years. There is considerable
infrastructure at the mill site including high voltage power, rail,
mill housing, and a local workforce. The current infrastructure
will contribute to a reduction in capital costs of the project.
Currently metallurgical test work is underway to determine the
percentage of metal to be recoverable. Results are expected in
October.
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 arsenopyrite concentrate
processing opportunities in Ecuadorusing bioleaching. The
Company continues to field enquiries globally with respect to
additional opportunities for remediation, including licensing
transactions for the technology.
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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
using 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 because 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 65,302,930
The Canadian Securities Exchange (CSE) has not reviewed and does
not accept responsibility for the adequacy or the accuracy of the
contents of this release.
SOURCE BacTech Environmental Corporation
For further information:
Ross Orr
President & CEO
BacTech Environmental Corporation
416-813-0303 ext. 222
Email: borr@bactechgreen.com
Ben Kramer-Miller
Investor Relations
516-668-2355
Email: ben@frontiermcg.com
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