EnviroGold Global Limited. C.NVRO

83.5% Gold Recovery and 94.6% Silver Recovery

[Betteryear2]

TORONTO, March 02, 2022 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: RGOZF |FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce that test work completed to date on its proprietary flowsheet demonstrated gold recovery rates of 83.5% and silver recovery rates of 94.6% from the refractory, volcanogenic massive sulphide (“VMS”) tailings at its Hellyer Tailings Reprocessing Project (Link). The gold recovery rate achieved is an additional 24% absolute increase over previously announced results and was obtained through a flowsheet optimization program designed to enhance project economics. The flowsheet optimization program was undertaken in collaboration with Core Resources Pty Ltd. (“Core Resources”), an independent mineral process engineering and specialist metallurgical development group based in Brisbane, Australia (Link). In addition to enhancing the Company’s intellectual property portfolio, the results of the flowsheet optimization program indicate substantial upside potential for EnviroGold Global’s Hellyer Tailings Reprocessing Project and create further significant upside potential for the Company’s global tailings reprocessing portfolio, which includes several additional VMS tailings projects in other jurisdictions.
 

REPEAT – 83.5% Gold Recovery and 94.6% Silver Recovery Demonstrated by EnviroGold Global for Hellyer Refractory Tailings with 634k oz Gold, 22.9M oz Silver and 419k tonnes Copper-Lead-Zinc with grades of 2.60 g/t Au, 94 g/t Ag, 2.33% Zn, 3.01% Pb and 0.19% Cu Contained in 6.37Mt of Measured & Indicated and 1.21Mt of Inferred Resources detailed in a 2020 JORC Historical Estimate