Trading Symbol TSX V: GTC
VANCOUVER, July 3 /CNW/ - The Company wishes to announce that it has engaged Eco-Tec Inc. of Pickering, Ontario, Canada (www.eco-tec.com) as a vendor for the provision of hydrometallurgical acid recovery technology via their globally commercialized Acid Purification Unit (APU(R)). This technology as proposed, would be a benefit to the Company as it allows effective recovery, recycle and usage of sulfuric acid, a key component in global hydrometallurgical copper processing facilities. Eco-Tec will also be engaged in technical support services for optimization and confirmation of the proposed hydrometallurgical design in support of the currently on-going pre feasibility engineering study by West Coast Environmental and Engineering. For reference, the industrially proven APU(R) acid recovery system offered by Eco-Tec was awarded the Falconbridge Innovation Award in 2005 for their APU applications in hydrometallurgy. Eco-Tec was also awarded the Ontario Global Trader's Award for Innovation in 2005 and 2007. For reference, the Company is proposing to utilize acidic concentrate pressure oxidation and tailings vat leaching hydrometallurgical technology in its possible anticipated treatment of the Getty copper and molybdenum resources located in the Highland Valley of British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS
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Dr. Corby G. Anderson, President and COO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, especially those that address estimated resource quantities, grades and contained metals, are forward-looking statements because they are generally made on the basis of estimation and extrapolation from a limited number of drill holes and metallurgical studies. Although diamond drill hole core provides valuable information about the size, shape and geology of an exploration project, there will always remain a significant degree of uncertainty in connection with these valuation factors until a deposit has been extensively drilled on closely spaced centers which has occurred only in specific areas on the Getty Project. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Getty Project or of the Company's future performance. Subsequent results and developments may differ materially from those postulated in the estimates and forward-looking statements. Other factors that could cause the Company's actual results and performance to differ materially from those in forward-looking statements include adverse market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of resources, mining rates and metal recovery rates and the fact that necessary capital may not be available to the Company on terms acceptable to it or at all. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.