Projects

Opportunity Overview

BacTech is actively investigating project opportunities in the Trujillo area of Peru and is focused on securing gold and copper concentrates and exploring potential metal recovery efforts. Professional mining executive and senior technical advisor Neil “Tito” Acosta, has been tapped to lead all program development efforts.

With many known arsenic gold mines in the Trujillo area, BacTech has successfully completed a regional field study identifying arsenopyrite producers and discussing opportunities with other miners to expand into arsenopyrite production knowing that a safe and profitable processing solution to treat high arsenic concentrates in country is being considered. BacTech believes a bio-oxidation plant would support local economic development with the benefit of knowing that the processing of toxic materials would be dealt with in a sustainable manner. BacTech will extend the same offer to Peru’s mining community that it has in Ecuador — safe, earth-friendly solutions at superior prices.

Miners across South America have been affected by an October 1, 2021 Chinese government-directed import tax of 13% placed on arsenic gold concentrates coming into the country for processing. This action has resulted in price slashing scenarios in which the miners are paid approximately 50% of the gold value delivered. Penalties escalate further with contained arsenic levels above the 10% level.

In one illustrative meeting, BacTech was shown material from three different areas of a single mine – each selectively mined in an effort to produce lower arsenic values for Chinese buyers. All sample materials contained copper, gold and silver as recoverable metals, yet prices being paid all fell considerably short of BacTech’s Fair Market Value estimates:

Sample 1 – FMV / $750 per ton; Price Realized / $270 per ton
Sample 2 – FMV / $650 per ton; Price Realized / $200 per ton
Sample 3 – FMV / $500 per ton; Price Realized / $80 per ton

“China has historically been the dominant buyer of arsenopyrite concentrates in Ecuador, and these importing restrictions have BacTech well-positioned to capitalize on this windfall,” said CEO Ross Orr.