EnviroLeach Announces Results of Bulk Test for Mid-Tier Gold Producer - Produces 277.8 Ounces of Gold
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VANCOUVER, February 28, 2020 - EnviroLeach Technologies Inc. (the "Company "or "EnviroLeach"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2) is pleased to announce the successful completion of a comprehensive lab and bulk sample program on high-grade gravity table tailings material from a mid-tier gold producer. Estimated gold recoveries from the bulk sample (2.7 tonnes of material) averaged 97% and produced 277.8 ounces of gold.
Following extensive lab and bench scale test programs, a locked cycle, bulk test program (leaching, filtering and electrowinning) was carried out on a 2.7 tonne bulk sample of table tails from the gold mining operation. The objective of the bulk test program was to determine the efficacy and recovery rates of gold from the host material using EnviroLeach's proprietary formula and to collect key operational data such as leach kinetics, chemical reusability, reagent consumption and costs. The bulk test produced no tailings effluent, as all filtrate/liquids were reused in the process.
The test results report an overall average estimated gold recovery of 97% and three gold bars were produced having a combined gold content of 277.8 ounces (8,639 grams).
Duane Nelson, EnviroLeach CEO, states; "This successful bulk test on these high-grade gravity tails clearly validates the proficiency of our patented formula to offer a cost-effective, sustainable and environmentally friendly extraction alternative to the gold mining sector. Thousands of gold mines around the world rely on gravity-based concentration. This bulk test demonstrates that many of these mine operations could benefit from our eco-friendly extraction alternative. The adoption of the EnviroLeach process could reduce the industry's reliance on the conventional cyanide and smelting methods used today and contribute to environmental sustainability across the gold mining sector ."
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations and strategic partners and over $20 Million dollars in research and development, EnviroLeach's technology is emerging as a potential new standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site:https://enviroleach.com
Forward Looking Statements
This News Release contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our Research and Development activities, the accuracy of our capital and operating cost estimates; production and processing estimates; the results, the adequacy of EnviroLeach's financial resources and timing of development of ongoing research and development projects, costs and timing of future revenues or profits and adequacy of financial resources. Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends", "targets" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of EnviroLeach's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. The CSE has not approved or disapproved of the information contained herein.
Contact Information :
Jason Leikam
EnviroLeach Technologies Inc.
info@EnviroLeach.com
SOURCE: EnviroLeach Technologies Inc.
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