VANCOUVER, BC / ACCESSWIRE / September 30, 2019 / EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE: ETI)(OTCQB: EVLLF)(FSE:7N2) is pleased to announce that it has successfully produced its first commercial gold bars using the EnviroLeach formula with a combined weight of 310 grams (10 oz’s).
The bars were produced from a total of 151 kgs (334 lbs) of gravity concentrates which were processed at the Company’s Surrey facility as well as on-site at the client’s gold mine located in Northern Canada. The 310 grams bars represent an average gold recovery of 96.6% with a leach time of less than 24 hours.
Duane Nelson, President & CEO comments; “I am very pleased to finally announce this tremendous milestone in the development of both our process and Company. This gold production, although small, verifies the ability of our new eco-friendly formula to extract gold into solution and recover it using conventional technologies. EnviroLeach is now the only commercial scale, economically viable and safe hydrometallurgical gold extraction process in the world. I’d like to again thank our management teams, brilliant scientists, incredible staff and our shareholders during this challenging 3-year development period. Our unique and eco-friendly process will change the way the world produces and recycles gold.”
The EnviroLeach Process delivers numerous economic and environmental benefits over current extractive technologies. The solution can effectively dissolve gold into aqueous solution with similar leach kinetics and economics to that of cyanide but is sustainable, safe and environmentally friendly. This water-based process has a broad applicability spectrum and is effective on most gold ores and concentrates. It can potentially unlock the value of many deposits located in environmentally sensitive areas that cannot be developed using current extraction methods.
The formula is also uniquely effective in copper rich environments such as printed circuit boards, making it a viable solution for use in the recycling of Electronic Waste worldwide. The EnviroLeach process offers a cost-effective alternative to the current use of smelters for the treatment of these printed circuit boards as well as conventional gravity and flotation concentrates.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology Company 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, the EnviroLeach formula 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. EnviroLeach’s technology will become the 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.
CEO & President
EnviroLeach Technologies Inc.
SOURCE: EnviroLeach Technologies Inc.
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