RENO, Nevada, Aug. 31, 2021 /PRNewswire/ -- Itronics (OTC: ITRO) today reported that it has completed recovery tests on two samples taken from the iron mine tailings pile located on Auric Fulstone claims in Nevada adjacent to the formerly operating Minnesota Mine. Assay results show that these tailings have a metal and mineral content that has a significant gross value, perhaps $350 per ton.
The Rock Kleen tests have shown that a significant portion of the metal content and industrial mineral content can be recovered, perhaps $100 per ton when all the material is sold. Additional recovery work needs to be completed on metals, clays, and other minerals. The Company believes that these components, when recovery is optimized, will provide significant additional value per ton. The indicated values are high enough to justify moving forward with the Rock Kleen pilot plant development using Fulstone tailings as the feed material. This pilot plant is being planned for installation at the Itronics Cleantech Materials Campus (ICMC), in Wabuska, Nevada.
"The test work completed on the Fulstone tailings demonstrates how Rock Kleen can create value from formerly worthless tailings by recovering a variety of metals and minerals," said Dr. John Whitney, Itronics President. "We have tested tailings from gold and silver mines, and now an iron mine. In each case Rock Kleen successfully recovers metals and minerals, plus cleans the remaining tailings for industrial mineral sales."
Itronics Inc. has an effective 70 percent ownership interest in Auric Gold and Minerals, Inc. through its wholly owned subsidiary Whitney & Whitney, Inc. Small scale pilot testing was done on the Fulstone tailings, at the Itronics Metallurgical, Inc. laboratory in Reno, Nevada. All assaying of both the head materials and the pilot test tailings was conducted by a certified third-party laboratory. While definitive recovery numbers and final products are yet to be determined by detailed optimization studies, preliminary indications from the two representative samples are that the recovered value will be high enough to profitably support an operation that produces metals, nutrient minerals, industrial minerals, and clay products.
The main recovered metal/mineral values from the testing were iron, calcium, magnesium, copper, and cobalt. Industrial minerals useable for construction are another major value. Itronics plans to continue with additional field work and additional test work aimed at optimizing the metal and mineral recoveries and obtaining the additional information and data required to do a definitive pilot plant design. The additional field work includes the measuring, drilling, and assaying required to confirm a mineral inventory. Material gathered in this work will provide samples for further optimization.
Successful pilot plant operations will immediately lead to development of a Rock Kleen demonstration plant, which is required for full commercialization. Itronics envisions the Rock Kleen plant, processing Fulstone tailings, to be an integral component of the Itronics Cleantech Materials Campus (ICMC) in Wabuska, Nevada. The Fulstone controlled tailings are located approximately 15 miles from the ICMC, a convenient haul distance.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a "Zero Waste Energy Saving Technology" Company that produces GOLD'n GRO specialty liquid fertilizers, silver bullion, and silver-bearing glass. The Company is an emerging "critical mineral", and "battery materials" producer. The Company's goal is to achieve profitable cleantech materials technology driven organic growth in specialty GOLD'n GRO fertilizers, silver, gold, zinc, critical minerals, and battery minerals. The Company's technologies maximize the recovery and uses of metals and minerals and by doing this maximize sustainability. The waste is completely eliminated by recycling and converting it into commercial goods.
The Company's growth forecast centers upon its 10-year business plan designed to integrate its Zero Waste Energy Saving Technologies and to grow annual sales from $2 million in 2019, to $100 million in 2025.
The Company's environmentally friendly award winning GOLD'n GRO liquid fertilizers, which are extensively used in agriculture, can be used for lawns and houseplants, and are available at the Company's "e-store" on Amazon.Com at http://www.amazon.com/s/ref=bl_sr_lawn-garden?ie+UTF8&field-brandtextbin=GOLD%27n+GRO&node+2972638011. Due to expanded retail customer interest, GOLD'n GRO fertilizer may now be purchased in Reno, Nevada at "Buy Nevada First Gift Shop", 4001 S. Virginia St.
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("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
Contact:
Paul Knopick
888.795.6336
investor@itronics.com
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SOURCE Itronics Inc.
