Vancouver, BC, April 11, 2014 -. Dundee Sustainable Technologies (CSE:DST) is one of the latest new listings on the Canadian Securities Exchange, formerly known as the Canadian National Stock Exchange, and is trading under the symbol "DST". The company, controlled by Dundee Corporation, has developed a cyanide-free gold extraction process, which has been recognized as a "green technology".
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It has been awarded to date, $5,700,000 in grants of which $700,000 has been provided by the Government of Quebec and $5,000,000 from the Sustainable Development Technology Fund of Canada for the construction of a demonstration plant.
Over the last ten years, the company has tested over 50 different gold deposits, both oxide and sulfide ores at the lab level and at its pilot plant. These tests have, consistently achieved gold recoveries in excess of 90%, using chlorination instead of cyanide. In addition, the tailings from the process are inert from toxic substances.
An independent engineering study completed within the last 12 months supports the company's claim of having operated a pilot plant showing a gold extraction yield higher than 90% using a closed-circuit chlorination process. To date the Company has obtained 25 patents in 19 countries for its technologies for the extraction of precious metals and base metals as well as the neutralization of arsenic and production of fertilizer and has 14 pending patent applications worldwide for its technologies.
The shares are currently trading at $0.315, and with 228 million shares outstanding, the company is capitalized at $72 million.
For more information, please visit the company's website, www.dundeetechnologies.com (http://www.dundeetechnologies.com) contact Pierre Gauthier, Chairman at 514-866-6001 Ext 244 or email info@dundeetechnologies.com (mailto:info@dundeetechnologies.com).
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