VANCOUVER, May 30, 2019 - EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) is pleased to report that studies comparing EnviroLeach to that of cyanide on two separate samples of high grade mineral ore verified that EnviroLeach outperformed cyanide on both overall recoveries and leach kinetics. The research work was done by EnviroLeach and SGS in Burnaby.
The 24-hour leach tests were performed as part of a continued strategic collaboration between the Company and several gold producers. The tests were conducted on high-grade ore and flotation concentrates using the EnviroLeach formula compared to a high-grade 5 g/l cyanide solution. SGS was contracted to conduct the cyanide leach tests for the comparison.
The tests on the high-grade ore sample, with an assayed gold head grade of 675 g/t, showed the most favorable results with the EnviroLeach formula attaining gold recoveries of over 99% in under 6 hours with cyanide attaining recoveries of 94% in 24 hours. The results are presented in graph 1 and the following table:
A graph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f60792f-5648-4060-be4f-6e00fb2000b6
| | Residue | Recoveries (%) |
| Leach Type | (g/t Au) | 1hr | 3hr | 6hr | 8hr | 24hr | 30hr |
| ETI Med Conc | 5.0 | 82.6 | 79.9 | 99.6 | | | |
| ETI High Conc | 5.5 | 88.0 | 94.6 | 99.5 | | | |
| 1 g/l NaCN | 6.8 | 8.7 | 18.2 | | 67.1 | 93.9 | 98.5 |
| 5 g/l NaCN | 3.6 | 14.1 | 25.8 | | 74.2 | 93.7 | 99.2 |
Flotation concentrate, with an assayed gold head grade of 55.1 g/t, showed high gold recoveries of over 90% by EnviroLeach in 6 hours. Cyanide provided similar recoveries in 30 hours. The results are presented in graph 2 and the following table:
A graph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/beaf55fe-345c-4d36-ae62-79960bf02058
| | Residue | Recoveries (%) |
| Leach Type | (g/t Au) | 1hr | 3hr | 6hr | 8hr | 24hr | 30hr |
| ETI Med Conc | 7.3 | 57.0 | 77.0 | 90.4 | | | |
| ETI High Conc | 5.3 | 82.5 | 88.2 | 93.0 | | | |
| 1 g/l NaCN | 6.5 | 0.8 | 58.0 | | 82.1 | 92.9 | 93.5 |
| 5 g/l NaCN | 5.4 | 28.2 | 63.2 | | 86.3 | 94.5 | 94.6 |
Ish Grewal, M.A.Sc., P.Eng. and Executive Vice President of EnviroLeach, states, “I am pleased with the efforts of our team to advance the performance and chemistry of the EnviroLeach process to be able to generate results that exceed those of cyanide by such a large margin.”
About SGS
SGS is the world’s leading inspection, verification, testing and certification company. It is recognized as the global benchmark for quality and integrity. With more than 95,000 employees, SGS operates a network of more than 2,400 offices and laboratories around the world. Forbes ranked the SGS Group as one of the world’s top multinationals and one of the world’s most innovative companies. The Dow Jones Sustainability Index has also recognized the SGS Group for its sustainability processes. In Canada, SGS employs over 2,000 team members across 70 locations, serving nine industries.
About EnviroLeach Technologies Inc.
EnviroLeach Technologies Inc. is a technology company that is engaged in the development and commercialization of environmentally-friendly technologies for the recovery of precious metals in the mining and E-Waste sectors. Using its proprietary non-toxic, water-based, and near neutral pH treatment process, EnviroLeach extracts precious metals from mining ores, concentrates, and E-Waste using only FDA approved additives at ambient temperatures.
Backed by a staff of highly experienced scientists and engineers, and based on years of research, including independent validations and pilot scale test programs, EnviroLeach’s technology is poised to become the world standard in eco-friendly extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site: https://enviroleach.com.
Forward-Looking Statements
This News Release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our Research and Development activities, the accuracy of our capital and operating cost estimates; production and processing estimates; the results, the adequacy of EnviroLeach’s financial resources and timing of development of ongoing research and development projects, costs and timing of future revenues or profits and adequacy of financial resources. Wherever possible, words such as “plans,” “expects,” “projects,” “assumes,” “budget,” “strategy,” “scheduled,” “estimates,” “forecasts,” “anticipates,” “believes,” “intends,” “targets” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of EnviroLeach’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. The CSE has not approved or disapproved of the information contained herein.
Contact Information:
Todd Beavis
EnviroLeach Technologies Inc.
info@EnviroLeach.com
