Vol. 87 - BacTech Mining Corp. Our New Featured Company
VISIT BACTECH'S OFFICIAL INVESTOR COMMUNITY
Dear member,
Our passion for mining and resource stocks has been made very clear in the past. Pinnacle Digest's successes and huge percentage returns have been accomplished within these sectors. Global demand from emerging nations continues to push precious metal and commodity prices to historical highs. Analysts across the globe have predicted the commodity bull run will re-emerge stronger than ever. These two facts, combined with the irrational and extended depreciation of companies trading on the TSX-Venture exchange, has made our decision an easy one. The TSX-Venture exchange has lost 20% of its value in the last 2 months - creating some extraordinary opportunities.
BacTech Mining Corp. (BM:TSX-V)(BMCFF:OTC) is our selection for our new Featured Company. Take a few minutes to read this report and you will know why.
BacTech Mining Corp. is not a conventional or 'run of the mill' junior mining company. They do not explore for base or precious metals; they exploit proven properties. BacTech's role occurs after other mining companies discover significant deposits - only to learn that they need help to liberate the metal that is locked up in the sulphides. Let us explain.
BacTech owns their own proprietary bioleaching technology called BACOX. It can be defined as: The extraction of metals from ores or soil by natural biological processes, mainly by micro-organisms.
The terms bioleaching, bio-oxidation and bacterial oxidation are all used to describe a process for metal extraction. That process harnesses specific types of bacteria which degrade sulphide minerals naturally.
Simply put, finding a deposit that has economic metal content is only half the battle. You still have to be able to recover the metal and do so in an environmentally responsible manner. This is where BacTech's proprietary technology comes into play, and why they are in such demand.
BacTech can take a potentially uneconomic deposit, and with their proprietary technology, make it commercially viable. On top of that, it is an environmentally friendly and natural process.
BacTech designs and builds plants which implement their technology of naturally separating the valuable metals from worthless rock. This is not merely a hopeful endeavour or brand new technology that might fail. The technology, and the economic viability associated with it, has made enormous strides in the past 25 years.
BacTech's technology converts a slow, natural process for metal extraction into one that is fast (500,000 times faster) and commercially economic. This is achieved by increasing the number of, and accelerating the speed at which, naturally occurring organisms do their job in nature by giving them ideal living conditions. Utilizing these organisms also helps protect the environment by not using the alternative techniques such as roasting (burning), which is the main process used by mining companies. Not only is BacTech's technology cheaper, which helps economically, it is also environmentally friendly - a rarity in the mining industry. It's no wonder Yamana Gold (one of the largest gold producers in North America) has partnered up with BacTech and now owns over 19% of the company.
BacTech's technology is very effective in neutralizing the arsenic that is associated with a lot of gold and base metal deposits. The end product of bioleaching arsenic ores is ferric arsenate which is an inert compound, and environmentally benign. This is a green technology, one which is attracting companies and financiers from around the world. Remember, one of the major deal breakers for mining companies is not being able to achieve environmental permitting. BacTech's technology eliminates many of the environmental problems which arise from typical mining techniques.
There are many black box technologies running around in mining, all professing to be the answer to treating problematic ores. Until a company actually builds a plant using the technology they're just, another technology. To date, BacTech's technology has been commercially proven 3 times. They have already built plants and implemented their proprietary technology around the world, experiencing great success. After years of quietly perfecting their methods, they are simply picking and choosing which projects to pursue. BacTech is at the forefront of this niche market which is moving into the mainstream mining community. They are drawing the attention of some major producers having just inked a deal with Yamana Gold.
Let's review what BacTech has achieved to date:
1st Commercially Proven Plant:
BacTech's technology was first proven commercially at the Youanmi Mine in
Western Australia in 1994. The ore at this property became more refractory (gold locked up) in composition as they mined deeper in to the ground, which meant recoveries dropped from over 90% to less than 15%. BacTech's bioleaching technology liberated the gold and recovered +90% of the metal - creating a more environmentally desirable alternative to roasting the sulphides. This allowed the mine to re-open, with production returning to over 65,000 ounces of gold per annum in 1994.
Click here to learn about the history of this project
2nd Commercially Proven Plant:
BacTech built a $20 million gold recovery plant for the Laizhou Gold Metallurgy
Group in China. The plant is presently undergoing a doubling of capacity to produce 150,000 ounces of gold this year. Since it was officially commissioned in 2001, it has achieved recovery rates of higher than 97%.
Click here to learn about the history of this project
3rd Commercially Proven Plant:
BacTech's bioleaching technology was used at the Beaconsfield Mine in Tasmania,
Australia. The plant was completed on time and on budget, with commissioning occurring in November, 1998. The Beaconsfield plant is still in operation today and produces approximately 110,000 ounces of gold per annum.
Click here to learn about the history of this project
Bactech has proven their technology has a place in the 21st century and will be utilized by companies searching for higher yield rates, cost efficiency and an environmentally friendly approach.
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What is BacTech doing right now to capitalize on their proprietary technology?
Bactech has
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Re: Vol. 87 - BacTech Mining Corp. Our New Featured Company
Minerals North 2009 in Fort St. James BC More info go to www.mineralsnorth.ca
Re: Vol. 87 - BacTech Mining Corp. Our New Featured Company
This junior has some legs it looks like. Pinnacle is recommending a buy I see. How much gold are they getting their hands on.
Re: Vol. 87 - BacTech Mining Corp. Our New Featured Company
What is bactechs proposed cost per ounce?
Re: Vol. 87 - BacTech Mining Corp. Our New Featured Company
Great Article with in depth information.