RENO, NV --(Marketwired - August 09, 2016) - Itronics Inc. (
Once this pilot plant scale-up is fully operational, Itronics plans to resume laboratory testing and begin field testing to support introduction of the KAM-Thio technology into Nevada's gold and silver mining industry. According to the Nevada Mining Association, Nevada is the eighth largest gold producer and twelfth largest silver producer in the world. Most of Nevada's gold and silver mines are open pit cyanide heap leaching operations.
KAM-Thio liquid is able to leach silver from the Itronics' silver-bearing glass slag and independent laboratory testing has shown that KAM-Thio is able to neutralize cyanide in cyanide solution. Testing performed by the Company in the early 90s demonstrated that the liquid is able to recover both gold and silver and neutralize the cyanide in mill tailings. KAM-Thio in a dilute water solution, such as neutralized cyanide solution, is a field proven fertilizer making this an excellent, cost effective, "Green Technology" environmental option for gold and silver mining companies.
"One of the largest potential markets in the world for the KAM-Thio technology is right in our back yard," said Dr. John Whitney, Itronics President. "Entry into the gold and silver mining industry in Nevada will create an expansion path for new non-seasonal liquid KAM-Thio sales, a major objective of the Company's sales diversification goals."
Completion of the pilot plant capacity expansion and initiation of KAM-Thio sales will increase Itronics' photoliquid processing capacity, and will make it feasible to accept additional photographic liquids from existing suppliers and to acquire spent silver-bearing photochemical raw material from new suppliers.
"The timing of completion of this five times increase in pilot scale leaching capacity is excellent for our investors," said Dr. John Whitney, Itronics President. "Precious metals prices are increasing with silver and palladium up more than 40 percent and gold up more than 30 percent this year."
Introduction of the KAM-Thio technology to the Nevada gold and silver mining industry at a time of rising prices will increase the value of residual gold and silver recoveries to the mining companies and make adopting the new "Green Tech" KAM-Thio technology economically more attractive. Increasing prices of these precious metals also increases the financial attractiveness of recycling e-scrap (ground up computer circuit boards) which Itronics is actively evaluating.
About Itronics Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Green Technology" Company which produces GOLD'n GRO specialty liquid fertilizers, silver bullion, and silver-bearing glass. It owns a large Iron Oxide Copper Gold (IOCG) mineral property (the Auric Fulstone Project) in the prolific Yerington Copper Mining District in northwestern Nevada that may also host significant silver, zinc, and lead mineral resources. The Company's goal is to achieve profitable green technology driven organic growth in specialty GOLD'n GRO fertilizers, silver, zinc, and minerals. The Company's technologies maximize the recovery and use of metals and minerals.
Through its subsidiary, Itronics Metallurgical, Inc., Itronics is the only company with a fully permitted "Beneficial Use Photochemical, Silver, and Water Recycling" plant in the United States that converts 100 percent of the spent photoliquids into pure silver, silver-bearing glass, and GOLD'n GRO liquid fertilizers. The Company is developing environmentally compatible waste processing and mining technology. Itronics has received numerous domestic and international awards that recognize its ability to successfully use chemical science and engineering to create and implement new environmentally clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid fertilizers, which are extensively used in agriculture, can be used for lawns and houseplants, and are available at the Company's "e-store" on Amazon.Com at: http://www.amazon.com/s/ref=bl_sr_lawn-garden...2972638011
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("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
Contact: Paul Knopick 888-795-6336
