BacTech Environmental Corporation
BacTech Environmental Corporation (“BacTech” or the “Company”), (CSE: BAC, OTC Pink: BCCEF) announced the results of the first 47 samples (35 routines and 12 control samples) from 3 holes drilled on a 60-hole drill program (approximately 600 m in total) at the Company’s joint venture Silver-Copper-Tin tailings remediation project at Telamayu, Bolivia. The purpose of the program is to verify earlier work carried out by BacTech’s partner, Mining Corporation of Bolivia (“COMIBOL”), the Bolivian state mining company, and to provide material for upcoming metallurgical work. Additional results will be released in batches shortly.
Telamayu is an historic mill town situated next to Atocha, Bolivia. Over the past 80 years, the mill has treated material from 2 local mines (Tasna and Animas). The tailings from the mill make up the Antigua tailings, the subject of these assays, and the much larger Nuevo tailings. Previously, COMIBOL engaged individuals to dig test holes on the tailings (five wells of 1.5mx 1.5mx10m) with bulk samples taken every meter as well as channel samples. These historical results showed a tin grade of 0.97% and a silver content of 408 g/t.
Upon completion of the execution of the contract with COMIBOL for the remediation and exploitation of the old tailings of Telamayu, which was subsequently approved by the Bolivian Congress and endorsed by an express law, BacTech had access to documents that COMIBOL's Environment Department had prepared in 2004-2005. These documents present a proposal for the exploitation of the "old tailings dam of Telamayu". Specifically, the documents deal with work to be carried out for the evaluation of the dam's potential, the technical options for metal extraction, the proposed type of plant to be employed and an estimate of the project's profitability.
The historical data and grades presented above are relevant to the further exploration of the project, which the Company is currently undertaking with a drill program. A qualified person has not done sufficient work to ascertain the historical data; therefore, they should not be relied upon.
BacTech is conducting a tailing evaluation program with approximately 60 holes to be drilled with the Vibracore system with systematic core sampling meter by meter. At present, 65% of the drilling program has been completed and approximately 600 core samples were sent in for chemical analysis.
To view the results from the 3 first holes (weighted average, uncut) and for the full news release visit www.bachtechgreen.com.
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