businesspress24.com - BioteQ Secures Contract for Testing of Zinc Recovery Using SART
 

BioteQ Secures Contract for Testing of Zinc Recovery Using SART

ID: 1132515

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/12/12 -- BioteQ Environmental Technologies, Inc. (TSX: BQE), a leader in the treatment of industrial wastewater, has secured a contract with an international gold mining company to carry out test work for a novel application of SART process technology in which cyanide will be regenerated from a zinc-cyanide solution rather than the more usual copper-cyanide solution. The work, which includes laboratory testing and evaluation of the suitability of SART, is expected to be complete by the third quarter of this year. The test work will provide the design criteria for a commercial proposal to supply a SART plant.

Jonathan Wilkinson, BioteQ's CEO, stated, "This project provides an opportunity to test a new application of SART, supporting our customer to reduce operating costs while recovering dissolved zinc from gold processing solution. The contract further confirms BioteQ's market leadership in innovative SART design and technology solutions. We are hopeful that this test work contract will lead to additional SART work with this new customer and others."

The SART process (sulphidization-acidification-recycle-thickening) is an enabling technology for copper and zinc-complexed gold deposits. The process, developed by SGS Lakefield and Teck Corporation, can remove the metallurgical interference of cyanide-soluble base metals and regenerate cyanide for recycle to the gold operation. SART can improve gold yields, reduce processing costs, and enhance the environmental performance of gold mining operations.

In the past four years, several new SART plants have been commissioned, and the technology is gaining market acceptance. In an environment of strong gold prices and tightening environmental regulation, gold companies are looking more closely at SART to improve the economics of new, closed or existing mine operations. BioteQ has successfully designed and operated two SART plants, is presently providing SART engineering and commissioning services for Kinross Gold, and is providing early stage test work and design solutions for several international customers.





BioteQ Corporate Profile

BioteQ is an innovative clean technology leader in global industrial water treatment, serving the mining and energy markets. The company's proven technologies have been applied at sites around the world to recover dissolved metals and remove sulphate, producing clean water and eliminating residual waste. BioteQ is headquartered in Vancouver, Canada and trades on the TSX under the symbol BQE. Please visit our website at for additional information.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained herein may not be based on historical fact and therefore constitutes "forward-looking information" under applicable Canadian securities legislation. This includes without limitation statements containing the words "plan", "expect", "project", "estimate", "intend", "believe", "anticipate", "may", "will" and other similar words or expressions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company's dependence on key personnel and contracts, uncertainty with respect to the profitability of the Company's technologies, competition, technology risk, the Company's ability to protect its intellectual property and proprietary information, fluctuations in commodity prices, currency risk, environmental regulation and the Company's ability to manage growth and other factors described in the Company's filings with the Canadian securities regulators at (including without limitation the factors described in the section entitled "Risks and Uncertainties" in the Company's Annual Report for the year ended December 31, 2011 and the section entitled "Risk Factors" in the Company's Annual Information Form for the year ended December 31, 2011). Given these risks and uncertainties, the reader is cautioned not to place undue reliance on forward-looking statements. All forward-looking information contained herein is based on management's current expectations and the Company undertakes no obligation to revise or update such forward-looking information to reflect subsequent events or circumstances, except as required by law.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.



Contacts:
BioteQ Environmental Technologies Inc.
Tanja McQueen
VP Corporate Development
604-685-1243 or 1-800-537-3073
604-685-7778 (FAX)


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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 12.07.2012 - 06:30 Uhr
Sprache: Deutsch
News-ID 1132515
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