TORONTO, CANADA--(Marketwired - Dec. 9, 2015) - BacTech Environmental Corporation ("BacTech" or the "Company"), (CSE:BAC)(OTC PINK:BCCEF) (WKN: A1H4TY) today announced that it has hired Dr. Jose Cordova to represent the Company's interests in Bolivia.
Dr. Cordova has 38 years of experience in the mining industry on a global scale. He studied Metallurgical Engineering in Oruro, Bolivia, Materials Science at the Technical University of Berlin and he earned a PhD in Mining and Environment at the Technical University of Clausthal (FRG). Dr. Cordova has a broad range of experience including Mine Consulting, Design and Project Development and the Management of Mine Operations. He has worked in Europe, Asia, Africa and Latin America.
Prior to joining BacTech, Dr. Cordova held numerous managerial and technical positions in the resources sector, including; from 2010 to 2012, General Manager, Bolivar Mine of Sinchi Wayra (Glencore); from 2006 to 2010, Independent Consultant for Korea Zinc Limited, Corocobre Bolivia, Jindal Steel, Panamerican Silver and Glencore; from 2005 to 2006, Technical Manager of COMIBOL. Dr. Cordova has also held numerous other mining positions within the Government of Bolivia as President of COMIBOL (2003) and has worked for the World Bank and the United Nations in various mining consulting roles.
On a recent trip to Bolivia, BacTech management met with the President of COMIBOL, the state mining company, and was told to expect the signing of the joint association contract between COMIBOL and BacTech by both parties before the end of the year.
"We had a very productive meeting with COMIBOL and we look forward to aggressively moving the project forward in 2016," said Ross Orr, President and CEO of BacTech.
In Peru, Ross Orr recently visited Duran Ventures' flotation plant site near Trujillo and was impressed with the progress, the infrastructure and particularly the location of the site. In addition, Duran presented samples to BacTech from an arsenopyrite deposit in northern Peru that was sourced by Duran employees. The samples have been sent to Lima for assaying and an ICP scan. See BacTech's news release dated November 17, 2015 for additional details on the Peruvian project.
"It is important that we source a contractual feed of ore as the first step towards building out the bioleach circuit. We are targeting 50% capacity as a first step and fully expect the artisanal miners to take up the balance of the capacity as they become aware of our ability to process the high grade arsenopyrite," said Ross Orr.
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 principle focus is a high-grade silver/copper tailings project called Telamayu, located in Atocha, Bolivia, in association with COMIBOL, the state mining group. Recently, the Company signed an MOU with Duran Ventures Inc. to explore the viability of building a BACOX plant in Peru to treat high-grade gold/arsenic ores. The Company continues to field enquiries globally with respect to additional opportunities for remediation, including licensing transactions for the technology.
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Special Note Regarding Forward-Looking Statements
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to future tailings sites, sampling or other investigations of tailing sites, the Company's ability to make use of infrastructure around tailings sites or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by 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 result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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