RE:MR DALES- COULD YOU EXPAND ON WHAT LAB RESUTS -This is from their Dec-2-2020 NR. We are awaiting the Perth results now, should be before the end of March. If you haven't gone to their website, please do, it's full of good info.
I liken BAC to CMC. When the investment community gets the deal, they will see how profitable BAC will be. CMC ran from under a nickel to a high of 1.60 and is currently around 1.20.
Do your own DD, currently BAC is .075. Full notice, I'm invested in CMC and BAC.
JMHO, not investment advice.
The bioleach test work to be conducted in Perth will involve three separate tests. Two samples of the material that were assayed in Vancouver at ALS had already been contacted with cyanide by the miner to recover the gold that was not refractory. As high levels of residual cyanide compounds can be detrimental to the bacteria, these two sample will be subjected to a simple pre-treatment process before any bioleach test work is started. The third test will use a composite of samples which have not previously been subjected to cyanidation. From the reported samples it is recommended that bioleach test work be undertaken on samples #1, #3 and #5. According to assay records of the mine the magnitude of gold in sample #4 should be much higher. Investigations will be pursued to evaluate the reasons for this anomaly.
With respect to other projects being pursued by BacTech , the Company is still awaiting the reopening of travel within Colombia . When access is approved BacTech and MetalTec will engage a third-party for sampling of the gold/platinum tailings that was announced by BacTech on August 10, 2020.
In summary, BacTech is investigating the prospects of a build/own/operate bioleach facility to be based in Ponce Enriquez, Ecuador. The selection of Ponce Enriquez is driven by the extremely high levels of arsenic that is associated with gold in the +90 small mines in the area which attract high penalties in smelting . Presently, the miners are forced to sell their production at reduced prices to Asian buyers due to the high arsenic values in the concentrates and accept lower financial returns. BacTech proposes to pay better prices for the miners’ material, by eliminating penalties for arsenic, and process higher grade gold to reduce overall refining costs. This concept can be repeated in areas of Peru, Colombia and Central America where arsenic is known to exist alongside gold mining.