Bacanora Minerals Ltd.

TSX VENTURE : BCN


Bacanora Minerals Ltd.

April 30, 2014 16:04 ET

Bacanora Announces Boric Acid and Drilling Mud Test Results from El Cajon Deposit, Sonora, Mexico

CALGARY, ALBERTA--(Marketwired - April 30, 2014) - BACANORA MINERALS LTD. (TSX VENTURE:BCN) ("Bacanora" or the "Company") is pleased to announce results of pilot plant testing and testing of clays from borate-bearing sediments at its El Cajon borate deposit within the Magdalena Borate Project, Sonora, Mexico.

The Company has successfully produced material grading 99% boric acid from its pilot plant in Hermosillo on samples taken during bulk sampling of the borate-bearing A unit at the El Cajon borate deposit. The purity of the boric acid has been confirmed by Inspectorate Exploration & Mining Services Ltd. ("Inspectorate") based on x-ray powder diffraction data obtained from samples that Inspectorate submitted to the Department of Earth & Ocean Sciences at the University of British Columbia.

Concurrent with the boric acid testing, the Company submitted clay samples to Grinding Solutions Ltd. ("Grinding Solutions"), a metallurgical and mineral processing consultancy and laboratory services company based in the United Kingdom. Grinding Solutions has performed initial test work on the clays from the Magdalena Borate Project to determine whether the mineral characteristics of the clays contain properties that would allow commercial drilling mud to be produced. Based on such testing, Grinding Solutions concluded that a commercial drilling mud product could be produced from the clays, subject to the formulation of a specific process to produce such mud. Grinding Solutions has recommended that further tests be carried out in order to formulate a process for the production of a marketable drilling mud product.

Martin Vidal, President of Bacanora, commented "We are very pleased to be able to produce a high purity boric acid having a grade of 99%. Boric acid samples will be distributed to potential customers to gauge the demand and pricing for the El Cajon boric acid. The Company plans to continue to move the boric acid project forward towards the pre-feasibility stage with engineering design work for a boric acid plant. In conjunction with this work, the Company will be updating its mine plan and reviewing necessary capital and operating cost data for a pre-feasibility report. We are also very pleased to have determined the potential viability for a second commercial product to be produced from the clays and look forward to working together with Grinding Solutions in order to formulate a process for the production of a marketable drilling mud product"

About the El Cajon Borate Deposit:

The El Cajon deposit is the most advanced of several borate targets within the Magdalena Borate Project. Concessions constituting the Magdalena Borate Project are 100% owned by Bacanora's wholly-owned subsidiary, Minera Sonora Borax S.A. de C.V., subject to royalties totaling 6%. For further information on these properties please refer to the press release and technical report filed January 4, 2013.

Carl G. Verley, P.Geo. is the Qualified Person pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects that has reviewed and approved the technical contents of this news release.

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to our intended use of testing results and the potential use in a prefeasibility study and further testing of clay material. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: commodity price volatility; general economic conditions in Canada, the United States, Mexico and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bacanora Minerals Ltd.
    Shane Shircliff
    Chief Executive Officer
    (306) 649-0602

    Bacanora Minerals Ltd.
    Martin Vidal
    President
    (+52 662) 210-0767
    www.bacanoraminerals.com