BacTech Mining Corporation
TSX VENTURE : BM

BacTech Mining Corporation

April 28, 2009 14:08 ET

BacTech Holds Town Hall Meeting for Proposed Bioleach Plant in Cobalt Area

TORONTO, CANADA--(Marketwire - April 28, 2009) - BacTech Mining Corporation ("BacTech" or the "Company")(TSX VENTURE:BM) reports that it held a public information session for its proposed tailings reclamation project at the Haileybury School of Mines ("HSM") in Haileybury, Ontario, this past Thursday, April 23rd. In attendance from BacTech were Ross Orr, President & CEO, Dr. Chris Kennedy, Project Assessment and Technology Development, and Gary Williams, environmental consultant.

The group spoke to an audience in excess of 50 people, including representatives of various departments of the Ontario government, local media, students and residents of the area. As previously reported, BacTech and HSM are collaborating on a bioleaching technician's course to be offered this Fall at HSM.

Mr. Orr spoke for approximately 30 minutes, followed by general questions on the project for the remaining 90 minutes. Later that evening, BacTech presented its story to the local chapter of the Canadian Institute of Mining. The general response, both written and verbal, was very positive. BacTech anticipates holding a more formal session this summer, once further results have been obtained.

The trip also provided an opportunity to evaluate several potential sites for the proposed bioleach plant in the Township of Coleman, host to a large number of the historic tailings. In addition, a site visit to the Castle Mine tailings was completed on the 24th.

BacTech will begin environmental studies in support of the permitting at the Castle Mine tailings shortly. In addition, it is anticipated that the Company will begin drilling and sampling of the Castle tails in June to provide information on the grade and consistency of the tailings, as well as provide additional material for metallurgical, bioleach and environmental test work. The initial flotation results from the Castle Mine tailings were press released on January 26, 2009.

BACTECH PROFILE

BacTech owns patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching. In June 2008, the Company signed an agreement to acquire Yamana Gold Inc.'s 33% interest in two refractory gold deposits in Papua New Guinea. In September 2008, BacTech signed an MOU to investigate the use of bioleaching to reprocess arsenic tailings in Cobalt, Ontario. This is the Company's first foray into the cleantech industry. BacTech is continuing to evaluate additional remediation projects.

Shares outstanding 79,857,206

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Contact Information

  • BacTech Mining Corporation
    Ross Orr
    President & CEO
    416-813-0303 ext 222
    or
    Investor Relations:
    Pierre Anglos
    1-800-436-2027
    Email: capitalgainsco@shaw.ca