Welcome!

News Feed Item

Dundee Sustainable Technologies Inc. Samples 3.06% Nickel in Guatemala

MONTREAL, QUEBEC -- (Marketwired) -- 06/27/14 -- Dundee Sustainable Technologies Inc. ("DSTI" or the "Corporation") (CSE:DST), the developer and owner of proprietary technologies to serve the natural resource sector with environmentally friendly procedures, is pleased to announce sampling results from its nickel (Ni) laterite deposit in Guatemala and the successful application of its patented proprietary extraction process.

The Corporation is pleased to announce nickel results up to 3.06 % Ni from DSTI's 100% owned, Rio Negro property located in Guatemala. In May of 2014, DSTI conducted a sampling campaign on the Rio Negro property; the purpose of the field work was to confirm known mineralisation and the application of its patented proprietary nickel extraction process.

A total of four (4) samples were taken from four (4) pits, averaging 10 metres in depth, located 250 metres apart along a 1,000 metres North-South strike length. The area consists of nickel bearing laterite mineralisation developed in zones of shearing and faulting within large ultramafic units. Composite samples of mineralised material were prepared and sent to DSTI's Thetford Mines facility for analysis and returned the following values:

---------------------------------------------------------------------------
                        RN-119         RN-126         RN-144         RN-257
---------------------------------------------------------------------------
Ni                      1,55 %         1,81 %         3,06 %         0,68 %
---------------------------------------------------------------------------
Mg                      2,35 %         5,21 %         2,71 %         1,08 %
---------------------------------------------------------------------------
Fe                     26,67 %        18,43 %        21,20 %        39,76 %
---------------------------------------------------------------------------

The Corporation's patented proprietary process for nickel extraction from laterites for the production of nickel sulfate was applied on the Rio Negro samples and achieved a nickel extraction of 90%, at ambient pressure and moderate temperature, over a short period of time. As opposed to conventional pressure leaching, DSTI's proprietary process operates at atmospheric pressure and ambient temperature with no limitation on magnesia (MgO) and silica (SiO2) content, using diluted sulfuric acid and low energy consumption. DSTI's has registered patents for its technology in Guatemala (patent No 5032) and in other countries.

The 100% owned Rio Negro nickel project consists of one 44 km2 exploration license where nickel mineralization is within a weathered profile averaging 20 to 30 metres in thickness with nickel values around 1.5% Ni. Comprehensive exploration work was carried out in the 1970's and yielded 2,320 samples from 226 exploration pits. From this work, a series of historic resource estimates were generated; by Cominco, in 1980 (25.9 million tonnes grading 1.5% Ni) & Tombstone Exploration in 1997 (40.2 million tonnes grading 1.24% Ni). All historical resources are categorized as Inferred resources using the meaning ascribed to that term by the Canadian Institute of Mining (CIM), due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resources will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and DSTI is not treating the historical resources as current mineral resources. Confidence in the historical estimates is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability.

DSTI Quality Assurance/Quality Control procedures follow standard industry practices. Sealed bags are transported from the sample site by qualified geological technicians. Sample intervals are selected according to geologic contacts, visible mineralization and alteration. Samples are stored in a secure building. Samples are placed into sample bags, sealed and shipped to an assay lab that follows ISO 9000 series of Quality Management standards or in this case, to DSTI Thetford Mines facility for analysis by ICP plasma.

The technical information in this press release was prepared and approved by Jean-Philippe Mai, P.Geo, a "qualified person" as defined in National Instrument 43-101.

Cautionary Notes

This press release refers to historical exploration results. These are derived from historical company reports. The Corporation has not independently verified and make no representations as to the accuracy of historical exploration results. Selected results and resources may not be indicative of average grades and tonnage.

About Dundee Sustainable Technologies, a company controlled by Dundee Corporation

The cyanide and mercury free gold extraction process developed by DSTI, has been recognized as a "green technology" for which DSTI has been awarded $5,700,000 in grants to date for a demonstration plant, presently under construction in Thetford Mines Quebec of which $700,000 has been provided by the Government of Quebec and $5,000,000 by the Government of Canada through the Sustainable Development Technology Fund. The plant is scheduled to go into operation in mid-January 2015.

Over the last ten years DSTI has tested over 50 different gold deposits, both oxide and sulfide ores at the lab level and at its pilot plant. These tests have, consistently achieved gold recoveries in excess of 90%, using chlorination instead of cyanide. In addition, the tailings from the process are inert from toxic substances and as result meet environmental norms. An engineering study completed within the last 12 months supports DSTI's claim of having operated a pilot plant showing a gold extraction yield higher than 90% using a closed-circuit chlorination process.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward- looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: results of exploration activities, general market and industry conditions, and other risks disclosed in the Corporation's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Corporation'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 and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Depending on exploration results and available financing, the Corporation may at any point modify its work program.

The Canadian Securities Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contacts:
Pierre Gauthier
President and CEO
(514) 866-6001 # 244
(514) 866-6193 (FAX)
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.