Bitech takes close look at Betts Cove drilling results

Results from a 16-hole program which explored a 500-ft sector of a 3 km horizon have been enouraging enough for Bitech to make some initial reserve estimates at the property’s upper and lower zones.

Estimated ore reserves are as follows:

Upper Lower

Zone Zone

oz oz

Tons gold/ton Tons gold/ton Proven 18,379 0.52 5,027 0.20 Probable 112,756 0.51 32,469 0.21 Possible 62,471 0.47 18,294 0.23 Total 193,606 0.50 55,790 0.21

With total reserves in two zones now standing at 259,396 tons averaging 0.44 oz gold per ton, President James Wade has opted to go ahead with additional metallurgical testwork and prefeasibility studiies under a number of separate milling conditions.

Using cyanidation recovery methods, Bitech has achieved 98% and 97.7% recoveries in the upper and lower zones respectively, according to tests performed at Lakefield Research Laboratories.

“It is unusual for a little company to do that but the studies will let us see what a mining operation would look like at different mill rates,” Wade told The Northern Miner.

To follow up on previous work, Bitech is planning an aggressive drill program.

Although Wade was unable to be specific on the size of the drill program, it will continue to explore and delineate the nugget Pond zone.

It will also explore the Betts Cove Minerals property to the southwest which Bitech acquired recently to expand its Betts Cove area land position and the Tashogan Minerals property to the northeast. Both properties contain former copper mines.

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