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Tech Firm Pours First Gold Bars Using Proprietary Formula
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After years of work, this milestone is a significant one for the process and the company's development.

EnviroLeach Technologies Inc. (ETI:CSE; EVLLF:OTCQB) poured its first commercial gold bars using its proprietary formula and process, it announced in a news release.

The 10-ounce bars, produced from 334 pounds of gravity concentrates, represent an average gold recovery of 96.6% with a leach time of less than 24 hours. "This gold production, although small, verifies the ability of our new eco-friendly formula to extract gold into solution and recover it using conventional technologies," President and CEO Duane Nelson said in the release.

"EnviroLeach is now the only commercial scale, economically viable and safe hydrometallurgical gold extraction process in the world," Nelson added. "Our unique and eco-friendly process will change the way the world produces and recycles gold."

Enviroleach's process, which is cyanide free, water based and pH neutral, extracts precious metals from ores, concentrates and e-waste using only U.S. Food and Drug Administration-approved additives and water.

The company noted that the solution can "effectively dissolve gold into aqueous solution with similar leach kinetics and economics to that of cyanide but is sustainable, safe and environmentally friendly. This water-based process has a broad applicability spectrum and is effective on most gold ores and concentrates. It can potentially unlock the value of many deposits located in environmentally sensitive areas that cannot be developed using current extraction methods." [NLINSERT]

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Enviroleach. Please click here for more information.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Enviroleach, a company mentioned in this article.

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