Dukraft Market News Mining News SPAH Focused on Eco Mining Technology

SPAH Focused on Eco Mining Technology

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AUSTIN, Texas--(BUSINESS WIRE)-- Spectrum Acquisition Holdings, Inc. (SPAH.OTC Markets), a growing mining exploration, technology and services organization, is working to develop its Non Invasive Bio Mining technologies that minimize waste and replace traditional mining methods

that use poisonous cyanide and toxic chemicals by substituting biodegradable non-toxic agents including algae and other microorganisms that are less harmful to the environment. SPAH is focused on Eco Mining Technology.

Cyanide-leaching allows mining companies to reopen and expand mines containing what were previously unprofitable mineral reserves. There are two types of cyanide-leaching processes used by the modern mining industry, Vat-leaching, where extracted ore is combined with cyanide in vats, and heap-leaching. (Source: Wisconsin State Environmental Resource Center 02/2004) Spectrum is working to develop its patented Continuous Refractory Ore Bioprocessing Apparatus as an alternative.

A. Dale Henry, President of Spectrum Acquisition Holdings, stated, ?€œIt is imperative for the mining industry to become more sensitive to the environment. Developing alternatives has become more cost beneficial because cyanide has been banned in several states, the new emphasis on environmental quality and the rising price of gold.?€

About Spectrum Acquisition Holdings, Inc. (SPAH.OTC Markets)

Spectrum Acquisition Holdings is executing a three-pronged strategy for growth. The Company is acquiring interests in high quality, low-risk gold projects with past production and sizeable resources. Spectrum is developing technology solutions to enable more sustainable, smaller footprint mineral exploration, production and processing. Spectrum is also pursuing acquisitions of mining sector service companies including operators, mine site service providers, equipment manufacturers, geology firms and technology developers.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SPAH has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect SPAH?€™s current beliefs and are based upon information currently available to it.

Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the SPAH?€™s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. SPAH undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

Authors: mining - Yahoo! News Search Results

Read more... http://finance.yahoo.com/news/spah-focused-eco-mining-technology-215800590.html

 
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