The Conversation (0)
BacTech Environmental Corporation(CNSX:BAC) announced the execution of the final contract concerning the arsenopyrite stockpile in Snow Lake, Manitoba. The Company’s goal is to build a bioleach plant to recover gold and silver from the stockpile in Snow Lake. BacTech plan to complete a preliminary economic assessment in Q1, 2012.
As quoted in the press release:
A recent NI 43-101 report completed by Ralph Newson QP estimates that there are 82,000 ounces of gold in the measured category with an additional 10,000 ounces of gold in the Indicated category. Included in the NI 43-101 is a small amount of silver (~18,000 oz) which can also be recovered as a by-product.
BacTech, President and CEO, Ross Orr, said:
We have just returned from the annual Manitoba Mining Convention where we met with representatives of both the provincial government and members of the town council for Snow Lake. We are pleased by the support we have had from both groups as we move the project closer to reality. Signing the definitive contract is a big step forward.
Click here to read the BacTech Environmental Corporation (CNSX:BAC) press release
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