BacTech Awarded OCE Grant in Support of Arsenic Research
May 02 2017 - 12:55PM
BacTech Environmental Corporation (“BacTech” or the “Company”),
(CSE:BAC) (OTC Pink:BCCEF) is pleased to announce that their joint
application with Laurentian University to Ontario Centres of
Excellence (“OCE”) has been approved for $75,000 through OCE's
Voucher for Innovation and Productivity II ("VIP II"), offered on
behalf of the Province of Ontario. These funds are to be leveraged
against contributions from BacTech Environmental Corporation in the
amounts of $37,500 cash and $37,500 in-kind.
All OCE program funding is discretionary and awarded based on a
highly competitive process that attracts many applications.
Eligible applications are reviewed on their merit and assessed
against OCE objectives and assessment criteria. Given the limited
funding available, only projects that attain the highest
recommendations and demonstrate the greatest likelihood of meeting
program objectives are awarded funding.
“We are pleased to be part of a unique collaboration that we
hope will lead to great advances in dealing with arsenic issues in
mining. Given the amount of arsenic that is released globally
through mining, both primary and artisanal, any advancements in
this area should be welcomed,” said Ross Orr, President and CEO of
BacTech.
The purpose of the funding is to test bioleaching against very
high arsenic concentrates (+10%) that are becoming more prevalent,
not only in Canada, but also in numerous South American countries.
BacTech is interested in applying bioleaching as a process
technology to treat high grade gold/arsenic concentrates being
produced in Ponce Enriquez, Ecuador. Presently, these concentrates
are being sold overseas and include penalties for high levels of
arsenic. BacTech proposes a “made at home” solution whereby
concentrates produced in Ponce Enrique will be processed locally
using BacTech BACOX technology. It is hoped that the introduction
of a bioleach circuit would lead to lower levels of mercury use, as
well as reduced discharges of arsenic into the local
environment.
A 300-kg sample of arsenopyrite concentrate will be purchased
shortly from the local flotation plants in Ponce Enriquez. This
material will then be shipped to Laurentian University in Sudbury,
Canada for 5-6 months of bioleach test work. The results of the
test work will form the basis of the plant design for the proposed
bioleach plant. Laurentian University partner, Dr. Nadia
Mykytczuk, is thrilled to have the funding to advance the use of
genomic tools and selective microbial culturing to help optimize
the BACOX process. The cultures, which are isolated from various
mine sites, including Sudbury, Ontario, are going to be used in the
trials.
“We are very pleased to be able to support this impressive
company,” says Dr. Tom Corr, President and CEO of Ontario Centres
of Excellence. “This is a technological approach with the potential
for widespread application and the ability to solve a serious
problem.”
This OCE funded project will not only help advance the Ecuador
work, but will also help advance the technology and potential
application for re-processing various mine wastes in Ontario and
elsewhere.
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.
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Statements
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may include, but is not limited to, statements with respect to
future tailings sites, sampling or other investigations of tailing
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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
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or if management's estimates or opinions should change, or
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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.
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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