- Sixth Wave Innovations (SIXW) and Barry Hollinger Gold Mine Ltd have signed an LOI for IXOS Mining Technology testing
- The company will test its patented IXOS purification and extraction polymers on gold-bearing tailings samples from the Barry Hollinger Gold Mine
- The tailings test protocol could lead to a business model centred on identifying and recovering gold from tailings from mines across the world
- Sixth Wave focuses on extraction and detection at the molecular level using molecularly imprinted polymers
- Sixth Wave Innovations (SIXW) is up by 1.47 per cent and is currently trading at $0.345 per share
Sixth Wave Innovations (SIXW) and Barry Hollinger Gold Mine Ltd have signed an LOI for IXOS Mining Technology testing.
Under the non-binding agreement, Sixth Wave will test its patented IXOS purification and extraction polymers on gold-bearing tailings samples from the Barry Hollinger Gold Mine in Eastern Ontario.
There are an estimated 200,000 tons of tailings on the property which have been indicated to contain up to 16,000 ounces of gold.
The tailings test protocol could form the foundation for a business model centred on identifying and recovering gold from tailings at mines across the globe.
This potential partnership is part of Sixth Wave’s Green Alternatives for Gold Leaching and Recovery initiative, which seeks friendly alternative leaching technologies.
Dr. Jon Gluckman, President and CEO of Sixth Wave Innovations, commented,
“Sixth Wave is very interested in this project as a testbed for recovery of gold from tailings at BHGM and the potential to exploit and remediate tailings projects throughout the world. Conducting initial testing will help to develop a well-focused test plan that will validate and extend current laboratory testing and help both companies make defensible, data-driven decisions about next steps toward adoption.”
Sixth Wave is a nanotechnology company that focuses on extraction and detection of target substances at the molecular level using molecularly imprinted polymers.
Sixth Wave Innovations (SIXW) is up by 1.47 per cent and is currently trading at $0.345 per share as of 1:44 pm ET.