(TheNewswire)
MONTREAL, QUEBEC - TheNewswire - November 11,2020 - Dundee Sustainable Technologies Inc. (" DST " or the " Corporation ") (CSE:DST) (CNSX:DST.CN) (OTC: DNDDF ) ispleased to announce that it has obtained a technical mandate from aGlobal Gold Producer (the "Gold Producer"). The mandateconsists in metallurgical test work on material from the GoldProducer's developing operation located in South America (the"Project"). This test work is intended to develop an optimalprocess flowsheet for the recovery of gold using DST's CLEVRProcess(TM) (the "DST Process" or "CLEVR"). Aneconomic assessment to evaluate the operational conditions, benefitsand costs of CLEVR at the industrial scale will be carried out as partof the current mandate.
The objective of the metallurgical test work will be to define andconfirm, at the laboratory scale, the achievable gold extractionyields using CLEVR on the Project's mineralised material and todevelop and optimised the process conditions for the Project.
Following the laboratory campaign, DST will undertake the developmentof a numeric process model using METSIM(R) software to simulate theindustrial CLEVR conditions for the Project. Using the numeric processmodel and the test work data, an economic assessment, at the scopinglevel, will be generated to provide economic references for afull-scale implementation processing plant using DST's Process.
To perform this mandate, DST will utilise the services of its in-houseengineers and intends to work in close collaboration with the GoldProducer's technical group to benefit from both parties' experience inmetallurgical projects.
The present mandate is the second mandate being performed by DST withthe Gold Producer. Earlier this year, DST completed a metallurgicaltest program on the application of CLEVR on a different gold projectcontrolled by the Gold Producer, using CLEVR gold extraction yieldsachieved of up to 95.6% ( http://dundeetechnologies.com/dsts-clevr-process-achieves-95-gold-extraction ).
Mr. David Lemieux, the President and CEO of theCorporation stated, "DST is very pleased with the development ofthis collaboration with the Gold Producer. This project is anothergood opportunity for DST to demonstrate the efficiency and viabilityof the CLEVR and to position DST has a key metallurgical technologyprovider within the industry."
Work on the Project will be initiated in Q4-2020 and is expected to becompleted by the end of Q1-2021.
About Dundee SustainableTechnologies, a corporation controlled by Dundee Corporation
The Corporation is engaged in the development and commercialisation ofenvironment-friendly technologies for the treatment of materials inthe mining industry. Through the development of patented, proprietaryprocesses, DST extracts precious and base metals from mineralisedmaterial, concentrates and tailings, while stabilising contaminantssuch as arsenic, which could not otherwise be extracted or stabilisedwith conventional processes because of metallurgical issues orenvironmental considerations.
DST has filed, published and was granted patents for the GlassLockProcess(TM) and CLEVR Process(TM) in numerous countries.
FOR FURTHER INFORMATION PLEASECONTACT:
Mr. David Lemieux
President and CEO
Dundee Sustainable Technologies Inc.
Tel: (418) 423-7247 # 227
Cell: (418) 331-0486
FORWARD LOOKING STATEMENTS: This press release containsforward-looking statements that address future events and conditions,which are subject to various risks and uncertainties. Actual resultscould differ materially from those anticipated in such forward-lookingstatements as a result of numerous factors, some of which may bebeyond the Corporation's control. These factors include general marketand industry conditions, risks related to continuous operations and tocommercialization of new technologies and other risks disclosed in theCorporation's filings with Canadian Securities Regulators.
Forward-looking statements are based on theexpectations and opinions of the Corporation's management on the datethe statements are made. The assumptions used in the preparation ofsuch statements, although considered reasonable at the time ofpreparation, may prove to be imprecise and, as such, undue relianceshould not be placed on forward-looking statements. The Corporationexpressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information,future events or otherwise, except as required by applicable law.
Neither the CSE nor its RegulationServices Provider (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of thisrelease.
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