{kanada_flagge}EnviroMetal Technologies Inc. (CSE: ETI; FRA: 7N2) reports positive results from test work it conducted on behalf of P2 Gold Inc. (TSX-V: PGLD; FRA: 4Z9). P2 Gold had provided EnviroMetal with mineralized material from its Gabbs gold-copper project in the Walker Lane trend of Nevada to determine the gold recovery potential and leach efficiency of EnviroMetal’s patented environmentally friendly formula.
Two gold-copper samples from the Gabbs project were processed at EnviroMetal’s Burnaby, BC laboratory using its proprietary leach solution. After 24 hours of processing, the calculated gold recovery for both samples was approximately 90%.
Joe Ovsenek, President and CEO of P2 Gold, commented, “We decided to investigate the use of EnviroMetal environmentally friendly gold extraction solutions for our Gabbs Project because of the Company’s history of extracting gold at other projects. With gold recoveries of approximately 90% for the Gabbs samples, the initial test work was definitely a success. Given these encouraging initial results, we intend to evaluate EnviroMetal processes as an alternative for gold recovery as we move forward with planning for the Gabbs project.”
The bottom line is that more and more companies that either already produce a copper-gold concentrate as a product or, as in the case of P2 Gold, plan to produce it someday, are having their material tested by EnviroMetal for potential gold recovery. There are two solid reasons for this: First, EnviroMetal’s technology dispenses with the use of cyanide in many applications and delivers comparably good results. Second, in the case of copper miners who also produce gold, the technology opens up the opportunity to separate the two metals, copper and gold, even before the copper concentrate is finally sent to smelters overseas. In the best case scenario, this opens up the possibility for (future) producers to produce gold themselves on site, which would improve the cash flow of their projects. In addition, less volume would have to be shipped in the end and the possible deductions of the refineries could be avoided to a large extent. Last but not least, a marketing argument is that producers can market themselves as ESG compliant companies.
EnviroMetal is already in contact with many well-known producers and is delivering good results. Perhaps next year EnviroMetal will succeed in the first commercial application of its technology in mining concentrates. For the time being, EnviroMetal is using its environmentally friendly processing technology to recover valuable metals from printed circuit boards, which also presents a global growth opportunity.
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Pursuant to §34b WpHG (Securities Trading Act) and Paragraph 48f (5) BörseG (Austrian Stock Exchange Act) we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH may hold shares in EnviroLeach Technologies and therefore a conflict of interest may exist. We also cannot exclude that other stock letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and EnviroLeach Technologies, whereby a conflict of interest exists, especially since EnviroLeach Technologies remunerates GOLDINVEST Consulting GmbH for reporting on EnviroLeach Technologies. This is another conflict of interest.
