ONTARIO BACTECH MINING of Toronto has signed a memorandum of understanding with GOLD BULLION DEVELOPMENT CORP. of Vancouver to investigate bioleaching technology to recover cobalt and silver by treating certain tailings in the Cobalt Camp in northeast Ontario for the recovery of cobalt and silver.
BacTech's bioleaching technology captures cobalt and silver, as well as treats and neutralizes arsenic from concentrates. The release of arsenic through bioleaching and its subsequent bonding with iron produces a stable ferric arsenate end product which is classified as benign by the US Environmental Protection Agency. In addition to treating the arsenic in the tailings, BacTech will also be investigating the prospects of delivering cobalt and nickel into solution for conventional recovery.
In the event of a positive outcome from the study, BacTech and Gold Bullion plan to create joint venture. See www.BacTech.com to learn more about BacTech's proprietary technology.
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