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Rio2 Limited and Sixth Wave Innovations Inc. Sign Letter of Intent for IXOS(R) Mining Technology Trials
Halifax, Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - September 15, 2020) - ...
About this update from Rio2 Limited
[{"type":"text","content":"Rio2 Limited and Sixth Wave Innovations Inc. Sign Letter of Intent for IXOS(R) Mining Technology TrialsHalifax, Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - September 15, 2020) - Sixth Wave Innovations Inc. (CSE: SIXW) (OTCQB: ATURF) (FSE: AHUH) (\"Sixth Wave\") and Rio2 Limited (\"Rio2\") (TSXV: RIO) (OTCQX: RIOFF) (BVL: RIO) are pleased to announce that they have executed a non-binding Letter of Intent (\"LOI\") for the trialing of Sixth Wave's patented IXOS® purification polymer (the \"IXOS® Mining Technology\") for Rio2's Fenix Gold Project in Chile.Under the terms of the LOI, Rio2 will send representative ore samples from its Fenix Gold Project to Sixth Wave for testing and analysis in its Salt Lake City facility. Sixth Wave will perform a combination of leaching and recovery tests using its IXOS® Mining Technology on these samples consistent with protocols for the expected heap leach mining activity planned for the Fenix Gold Project. Upon completion of the testing, to be performed in October of this year, and pending positive results, the two companies will work to negotiate a definitive agreement to proceed to a complete on-site pilot Adsorption/Desorption/Recovery (ADR) plant scaled to operate on a 400t pilot leach pad. The objective of this work, from Rio2's perspective, is to determine whether Sixth Wave's IXOS® Mining Technology can be successfully applied to enhance the extraction of gold from Fenix Gold ore by using molecularly imprinted polymers rather than traditional carbon for the gold adsorption process. If successful, the application of the IXOS® Mining Technology is expected to result in a reduction of capex and opex related to the gold extraction process. Upon successful completion and positive results of the pilot program, the companies would then move to an implementation phase incorporating the IXOS® Mining Technology in the actual processing plant to be constructed at the Fenix Gold Project.“We are very excited about this project and working with Rio2. The IXOS® process should excel in comparison to traditional activated carbon because of the high rejection of base metal and scaling and the smaller process plant required for IXOS®.  Substantially lower power consumption in the desorption and recovery stages and no need for regeneratio...