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MEI Online: Plant Operation News: North America: September 30th 2008

 
 

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:: BacTech Announces that it has Signed a Strategic Alliance with CanBiomine Resources Inc.

CanBiomine is focused on recovering base and precious metals from mine waste dumps and tailings dams using BacTech's bioleaching technology. CanBiomine is currently undertaking a scoping study on the former Gjegjan Copper Mine located in northeastern Albania. Based on the results of this study, BacTech will have the option of acquiring a 20% interest in the project in exchange for the use of its technology.

This is the second agreement signed by BacTech in the sphere of bioremediation of old mining tailings. Recently, the Company signed a Memorandum of Understanding with Gold Bullion Development Corp. ("Gold Bullion", TSX-V: GBB) to investigate the use of bioleaching to stabilize free arsenic in the tailings located in the Cobalt area of northeastern Ontario. In addition, BacTech and Gold Bullion hope to extract the remaining silver, cobalt and nickel left behind in the tailings.

 

 

   

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