BacTech Joins Dundee Sustainable Technologies in Snow Lake, Manitoba Project
Toronto, May 15, 2019 – BacTech Environmental Corporation (“BacTech” or the “Corporation”)
(CSE:BAC) announced that it has signed a letter of intent (“LOI”) with GMR Inc. (“GMR”) to
license for BacTech’s proprietary bioleach technology.. BacTech joins Dundee Sustainable
Technologies (“DST”),(CSE:DST) as a technology partner with GMR to develop a potential
solution for the remediation of the Gold Residual Stockpile in Snow Lake, Manitoba (the
Through this agreement, BacTech received a $20,000 cash payment as an advance on the right
to utilise the BacTech’s proprietary bioleach technology on the Project. In addition, BacTech will
earn 3% undivided equity interest in the net income of the project. GMR is relying on BacTech’s
historical research conducted in 2011/12 that showed oxidation rates of 95% and gold recovery
of 88.6% on material obtained from the arsenic stock pile. Due to a lack of iron in the stockpile
the residual material could not be stabilized and was abandoned.
Ross Orr, CEO of BacTech commented, “Our return to Snow Lake is predicated on Dundee
Sustainable Technologies providing a solution to the unstable arsenic product we generated in
our earlier work that killed the project. The stockpile has a deficiency in iron leading an
unstable ferric arsenate product after bioleaching. By passing this unstable material to be
vitrified the arsenic can be safely disposed. We look forward to re-engaging in the Snow Lake
Mr. David LeClaire, the CEO of GMR Inc. stated, “BacTech’s historic work on the Project and its
proprietary bioleach technology teamed with DST’s vitrification technology is a promising
solution to the remediation of a longstanding environmental concern of the community of
Snow Lake without cost to the taxpayer.
The Project, located in Snow Lake, Manitoba consists of a stockpile of arsenopyrite concentrate
proven to contain residual gold and silver contents. BacTech drilled and assayed the stockpile in
2011 and produced a NI43-101 report that can be found on SEDAR (December 9, 2011). The
concentrate stockpile is currently the responsibility of the Government of Manitoba. The
Project is developing a "no cost to the taxpayer" solution to remediation of the stockpile.
Current Measured Mineral Resource estimates were generated in 2012 by BacTech estimating
the Snow Lake concentrate stockpile contains 264,596 tonnes grading 9.76 g/t of gold and 2.17
g/t of silver. In addition, Indicated Resource estimates include 9,300 tonnes grading 9.2 g/t Au
and 2.15 g/t Ag and an Inferred Mineral resource of 28,000 tonnes of 7.0 g/t Au and 2.4 g/t Ag.
N. Ralph Newson, M.Sc., P.Eng., P.Geo. was the Qualified Person on the project. His report was
titled “BacTech Environmental Corporation, NI43-1 01 Preliminary Economic Assessment Study
for the BacTech Snow Lake Reclamation Project, Snow Lake, Manitoba, Canada, dated effective
August 27, 2012.”
The Telamayu project involves the environmental remediation of the “Antiguo” tailings with an
option on the larger “Nuevo” tailings, both situated at the Telamayu Mill site near the town of
Atocha in the Department of Potosi, Bolivia.
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. A Feasibility Study is expected to be completed in March 2019.
A second project entails BacTech investigating the use of bioleach processing to treat historic
arsenic tailings and arsenopyrite concentrates produced in the Ponce Enriquez area of Southern
For further information contact: Ross Orr, President & CEO, BacTech Environmental
Corporation/ 416-813-0303 ext. 222, Cell 416-346-5529 and
Robin Cook, Investor Relations: 416-809-1738, Email: email@example.com
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