:: BacTech Closes Tonkin Springs Deal

BacTech Enviromet Corp. has complete due diligence on the Tonkin Springs gold project in Nevada, and has decided to proceed with the acquisition of a 55% interest in the project from a subsidiary of US Gold Corp. As operator of the joint venture, BacTech will undertake a diamond-drilling programme in the existing and proposed open pits. The drilling will provide additional samples for metallurgical test work. In addition, the company will twin earlier drill-holes to confirm previous assay data.

BacTech says that the information from the drilling programme, together with other work, will provide the basis for a feasibility study which will be prepared by an internationally recognised engineering group and completed before the end of the year. Bactech plans to apply its patented bioleaching technology to recover gold from Tonkin Springs.