(TheNewswire)
MONTREAL, QUEBEC - TheNewswire - November 25,2020 - Dundee Sustainable Technologies Inc. ("DST" or the"Corporation") (CSE:DST) (CNSX:DST.CN) is pleased to announce a piloting test program at its facilities inThetford Mines, Canada. The piloting program (the "Piloting"or "Program") is conducted on material from a SeniorCanadian Gold Mining Company (the "Gold Company") andadministrated by an International Metal Trading Company (the"Metal Trader") with whom DST executed the Pilotingagreement.
The Piloting will be conducted on a ~3-tonne sample of high-grade goldmaterial (the "Material") produced by the Gold Miner. TheMaterial is known to contain 270 g/t of gold, on average, with aminimum of 25 g/t and a maximum of 1,900 g/t of gold, along with>500 g/t of silver and up to 1% of asbestos. The Program'sobjective is to confirm the successful and complete destruction ofasbestos contained in the Material at the pilot scale using DST'stechnical and processing capacities.
The Program also aims to define the terms and conditions associatedwith an industrial tolling agreement of the Material at DST'sfacilities in Thetford Mines in 2021 for more than 200 tonnes ofsimilar material. The piloting work will be conducted at DST'sfacilities in Thetford Mines, Quebec, where previous laboratory workon the Material identified that it is amenable to produce a clean goldproduct.
Mr. David Lemieux, the President and CEO of the Corporation stated,"DST is very pleased with the progress of the work to the pilotscale testing with the Metal Trader and Gold Company. Once again DST'stechnical expertise and industrial processing capabilities provides anew opportunity for the Corporation to operate within the gold miningindustry alongside key industry players."
The Piloting was initiated in early November and is expected to becompleted by the end of Q4-2020.
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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