NanoStruck Announces 87.6% Recovery of 56 gms/Ton Silver Tailings Samples
04 September 2014 - 2:30PM
Business Wire
Highlights:
- Recovery of 87.6% of Silver from
Samples Grading 56 Grams Per Metric Ton
- No Cyanide Used in the Closed-Loop
Environmentally Friendly Process
- Positive Results add to Gold Recoveries
Previously Reported
NanoStruck Technologies Inc. (the “Company” or “NanoStruck”)
(CSE:NSK) (OTCQX:NSKTF) (Frankfurt:8NSK) is pleased to announce
positive results from test work carried out on silver mine tailings
utilizing proprietary cyanide free recovery technologies that
returned up to 87.6% of silver from samples grading 56 grams of
silver per metric ton (g/t).
Three leach tests were conducted using the proprietary mixed
acid leach process. Roasting was conducted on the sample for two of
the leach tests, producing higher recoveries, although the
un-roasted sample still produced a 71% recovery rate.
1. 87.6% silver recoveries resulted from a 4 hour leach time at
95 degrees Celsius, with the standard feed grind size of D80 175
micron of roasted material.
2. 84.3% recoveries resulted from a 4 hour leach at 95 degrees
Celsius with the standard feed grind size of D80 175 micron with
roasted material at a lower acid concentration.
3. 71% recoveries resulted from a 4 hour leach at 95 degrees
Celsius from received material, with the standard feed grind size
of D80 175 micron with an altered acid mix concentration.
The average recovery for the roasted samples was 86% across the
two leach tests performed using the proprietary process.
Bundeep Singh Rangar, Interim CEO and Chairman of the Board,
said: "These results further underpin the effectiveness of our
processing technology. With our patented process we are achieving
excellent recoveries in not only silver tailings, but also gold
tailings as well, both of which have vast global markets for
us.”
The proprietary process combines a novel mixed acid leach with a
solvent extraction stage, utilizing specific organic compounds. No
cyanide is used in this environmentally friendly process. The flow
sheet design is for a closed loop, sealed unit in which all
chemicals are then recycled.
Previous test work undertaken on other gold mine tailings
utilizing the proprietary process resulted in a maximum 96.1%
recovery of gold. Previous test work undertaken on other silver
tailings resulted in a maximum 86.4% recovery of silver.
The technical information contained in this news release has
been verified and approved by Ernie Burga, a qualified person for
the purpose of National Instrument 43-101, Standards of Disclosure
for Mineral Projects, of the Canadian securities
administrators.
About the Company
NanoStruck Technologies Inc. is a Canadian Company with a suite
of technologies that remove molecular sized particles using
patented absorptive organic polymers. These versatile biomaterials
are derived from crustacean shells or plant fibers, depending on
the requirements of their usage. Acting as molecular sponges,
the nanometer-sized polymers are custom programmed to absorb
specific particles for remediation or retrieval purposes. These
could be used to clean out acids, hydrocarbons, pathogens, oils and
toxins in water via its NanoPure solutions or to recover precious
metal particles in mine tailings, such as gold, silver, platinum,
palladium and rhodium using the Company’s NanoMet solutions.
By using patented modifications to conventional technologies and
adding polymer-based nano-filtration, the Company’s offers
environmentally safe NanoPure solutions for water purification. The
Company uses Environmental Protection Agency (EPA) and World Health
Organization (WHO) guidelines as a benchmark for water quality and
safety to conform to acceptable agricultural or drinking water
standards in jurisdictions where the technology is used.
Additionally, the Company’s technology can be used to recover
precious and base metals from mine tailings, which are the residual
material from earlier mining activities. By retrieving valuable
metals from old tailing dumps, the Company’s NanoMet solutions
boosts the value of existing mining assets and reduces the need for
new, costly and potentially environmentally harmful exploration and
mining.
The Company’s current business model is based on either selling
water remediation plants or leasing out units and charging
customers on a price per liter basis with a negotiated minimum
payment per annum. For processing mine tailings, the value of
precious metal recovered is shared with tailing
site owners on a pre-agreed basis.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATORY
SERVICE PROVIDER HAS REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
This press release contains forward-looking statements. The use
of any of the words "anticipate", "continue", "estimate", "expect",
"may", "will", "project", "should", "believe" and similar
expressions are intended to identify forward-looking statements.
Statements relating to "reserves" or "resources" are deemed to be
forward-looking statements because they involve the implied
assessment, based on certain estimates and assumptions that the
resources and reserves described can be profitably produced in the
future.
Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this press release. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks including various risk factors
discussed in the Company’s Management’s Discussion and Analysis for
the three and six months ended June 30, 2014, filed on August 29,
2014, and for the year ended September 30, 2013, filed on January
28, 2014, under the Company’s profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE
TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
For further information:NanoStruck Technologies
Inc.Nelson Hudes, +1 905-660-9155Public
RelationsNelson.Hudes@NanoStruck.comorRaj Kurichh, +1
905-813-0900Chief Marketing
OfficerRaj.Kurichh@NanoStruck.comwww.NanoStruck.com
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