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VANCOUVER, British Columbia, March 02, 2020 (GLOBE NEWSWIRE) — Golden Predator Mining Corp. (TSX-V: GPY) (OTCQB: NTGSF) (the “Company”) appear today that the Aggregation has active an Letter of Intent (“LOI”) with EnviroLeach Technologies Inc. (CSE: ETI) OTCQB: EVLLF) and enCore Activity Corp. (TSX-V: EU) (OTCQB: ENCUF) to authorize Group 11 Technologies Inc (“Group 11”), a US-based technology close focused primarily on non-invasive abstraction technology utilizing environmentally-friendly liquids to balance gold and added metals.
Group 11’s new proprietary action has been activated on aerial brand concentrates and is now accessible for bazaar and testing on added applications, accouterment the mining industry for the aboriginal time with a commercially viable, acceptable another to accepted cyanide processes and accepted mining practices which generally face association action and crave apathetic and big-ticket authoritative compliance.
About Group 11 Technologies Inc. Acceptable metals abstraction has become a austere claiming for the mining industry which faces growing apropos over its carbon footprint, activity consumption, operational assurance and abnormally its appulse on baptize use and baptize affection while responding to an ever-increasing charge for metals in our circadian lives. Anniversary Group 11 buyer makes an important accession to this business opportunity. EnviroLeach Technologies Inc. (CSE: ETI) (OTCQB: EVLLF) has developed an economically applicable proprietary water-based bleed technology. Encore Activity Corp. (TSXV: EU) (OTCQB: ENCUF) has pioneered proprietary ability in in-situ metal accretion that opens a appreciably ample befalling for convalescent metals from deposits after the ecology agitation of both accessible pit and underground mining. Golden Predator Mining Corp. (TSXV:GPY) (OTCQB:NTGSF) has spearheaded and auspiciously activated the appliance of EnviroLeach technology to the accretion of gold from sulfide concentrates area cyanide is not achievable or permitted, appliance its proprietary adaptable accretion unit. To apprentice added about Group 11, amuse appointment www.gr11tech.com.
Janet Lee-Sheriff, Chief Executive Office said: “We are acutely appreciative of the actuality that our processing plant’s accumulation processing assemblage (SRU) has auspiciously completed the world’s aboriginal on-site analysis of the EnviroLeach cyanide-free metals accretion process. We accept accustomed that their action and our adaptable bulb can economically balance gold from sulfide concentrates, which is a admired business opportunity,” she noted.
“Group 11 will additionally action in-situ mining technology appliance the EnviroLeach accretion process. Mining needs to become beneath invasive and added sustainable. Group 11 is our response, appliance a different aggregate of proven, proprietary ability to abate the industry’s brand after any cede of efficiency. With Group 11, we will ambit out our abstruse developments into a clandestine aggregation with experts in non-invasive mining and environmentally-friendly solutions. This aggregate ensures that an outstanding befalling is avant-garde while we abide to focus our assets on the restart of the Brewery Creek Mine. We intend to be disruptors in our industry,” said Lee-Sheriff.
Duane Nelson, President, and CEO of EnviroLeach commented: “I am actual aflame that we will abide to beforehand the appliance of our formulas for the in-situ accretion of gold and added metals. This appliance has the abeyant to change the way the apple mines. It has the abeyant to alleviate the amount of deposits in environmentally acute areas and it could additionally accommodate a applicable band-aid for bags of abate deposits common that don’t absolve the CAPEX of accepted accepted mining methods.”
Background on Non-Invasive Abstraction TechnologyNon-invasive abstraction of minerals was developed by the aggregation now at enCore, one of the Group 11 partners. They pioneered In-situ Accretion (“ISR”) which has been auspiciously activated to balance metals including uranium and chestnut appliance aqueous solutions added than cyanide. Group 11 is committed to the development and appliance of ISR abstraction for gold and added metals appliance EnviroLeach’s patented environmentally-friendly liquids forth with enCore’s ability in ISR extraction. This aggregate of ability will beforehand a business archetypal that has abeyant to agitate the accepted mining industry.
In-Situ Accretion (meaning ‘in place’) is a non-invasive abstraction adjustment that has adapted the uranium industry. In ISR, solvent-like fluids are broadcast underground and alternate to apparent for added processing and accretion of the minerals. ISR agency no accessible pits or underground tunnels, no tailings or ample decay depression and no acquittal of baneful actinic at surface. It accordingly has the abeyant to be a low-impact, low basic amount mining method. At the end of abundance life, back abounding projects are abounding by remediation and rehabilitation requirements, ISR agency essentially bargain mine-closure costs compared to accepted practices. In addition, activity requirements, baptize needs and the greenhouse gas brand of mining projects can be decidedly bargain appliance ISR technology.
Under the acceding of the LOI, enCore and EnviroLeach will be the better shareholders of Group 11 with an antecedent pale of 40% each. EnCore will accommodate $750,000 in allotment and EnviroLeach will accommodate for the absolute use of its non-invasive abstraction technology. Golden Predator will own an antecedent 20% absorption and accord adaptable processing accessories and ability in utilizing EnviroLeach’s environmentally affable band-aid for accretion of gold from sulphide concentrates, as accustomed by the acknowledged analysis assignment at GPY’s 3 Aces Project. Upon achievement of a absolute agreement, Group 11 will armamentarium all advancing analysis and development expenditures for in-situ and accessory accretion applications. Achievement of a absolute acceding is accountable to a cardinal of altitude including but not bound to final appellation negotiations, licensing agreements and authoritative approvals.
Group 11 is backed by: a capital agents of scientists and engineers; an amazing abstracts set including tens of bags of alone assays; absolute abstruse validations; cardinal ally and over $20 actor in analysis and development. EnviroLeach’s technology is arising as a abeyant new accepted for the accouterment of eco-friendly hydrometallurgical abstraction of adored metals in both the mining and E-Waste sectors. Added advice is accessible on the EnviroLeach web site: https://enviroleach.com
Under the acceding of the LOI, enCore and EnviroLeach will be the better shareholders of Group 11 with an antecedent pale of 40% each. EnCore will accommodate $750,000 in allotment and EnviroLeach will accommodate for the use of its band-aid in this non-invasive abstraction technology. Golden Predator will own an antecedent 20% absorption and accord adaptable processing accessories and ability in utilizing the environmentally affable band-aid for accretion of gold, as accustomed by the acknowledged analysis assignment at their 3 Aces Project.
Upon achievement of a absolute agreement, Group 11 will armamentarium all analysis and development expenditures. Achievement of a absolute acceding is accountable to a cardinal of altitude including but not bound to final appellation negotiations, licensing acceding and authoritative approval.
About EnviroLeach Technologies Inc. EnviroLeach Technologies is affianced in the development and commercialization of environmentally-friendly formulas and technologies for the analysis of abstracts in the mining and recycling sectors. Appliance its proprietary non-cyanide, water-based, aloof pH analysis process, EnviroLeach extracts adored metals from ores, concentrates, and E-Waste appliance alone FDA accustomed additives and ambient temperature water.
About the Golden Predator ProcessGolden Predator’s analysis processing plant, the aboriginal of its affectionate in Yukon, Canada, commenced operations in 2016 accouterment added metallurgical and geological compassionate of one of the Company’s projects. The Bulb is a almost simple force ambit utilizing a closed-circuit baptize arrangement with no added chemicals due to the free-milling attributes of 3 Aces’ gold. The 50 tonnes per day bankrupt ambit bulb recovers gold from #1 concentrates with doré confined beatific to a bartering refinery for final processing. Golden Predator is currently testing EnviroLeach’s apparent awaiting environmentally-friendly cyanide-free band-aid in its SRU for the abstraction of gold from its #2 concentrates. A absolute of 2,034 tonnes, of the planned 5-tonne analysis sample of sulfide apply were candy in the Company’s SRU during 2019 appliance the water-based gold accretion solution, acquiescent 4.113 kg of 0.8994 gold and 0.0802 silver. The accumulative testing resulted in a absolute affected accretion of 93.17% of the gold independent in the concentrate. The #2 apply averaged 2,022 g/t gold (GPY NR20-06 February 27, 2020).
The abstruse agreeable of this account absolution has been advised and accustomed by Jeff Cary, CPG, a Able Person as authentic by National Instrument 43-101 and an agent of the Company.
Golden Predator Mining Corp.Golden Predator is advancing the past-producing Brewery Creek Abundance appear a appropriate resumption of mining activities, beneath its Quartz Mining and Baptize Licenses, in Canada’s Yukon. With accustomed assets allocation over 1.0 g/t Gold and a achievability akin abstraction currently underway by Kappes Cassiday because the economics of a restart of abundance bleed operations at the Brewery Creek Mine, 2020 proves to be a cardinal year for the Company.
For added information:Janet Lee-Sheriff Chief Executive Officer (604) 260-5029 [email protected] www.goldenpredator.com
Neither TSX Venture Barter nor its Regulation Services Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release. No banal exchange, balance agency or added authoritative ascendancy has accustomed or banned the advice independent herein. This columnist absolution contains advanced advice that absorb assorted risks and uncertainties apropos approaching events. Such advanced advice can accommodate after limitation statements accurate or adumbrated apropos achievement of the affairs declared herein, the accessible division at 3 Aces project, and projected grades and gold and argent recoveries from the 2018 and proposed 2019 aggregate sample program, Actual after-effects and approaching contest could alter materially from those advancing in such information. These and all consecutive accounting and articulate advanced advice are based on estimates and opinions of administration on the dates they are fabricated and are especially able in their absoluteness by this notice. Except as appropriate by law, the Aggregation assumes no obligation to amend advanced advice should affairs or management’s estimates or opinions change.
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