AndhraNews.net
Home » Business News » 2011 » June » June 9, 2011

Catalyst Resource Group Announces Breakthrough Recovery Technologies for Precious Metals


June 9, 2011 - LOS ANGELES, CA

Catalyst Resource Group (PINKSHEETS: CATA) (OTCQB: CATA), a precious metals recovery and technologies company, today announced that the Company's proprietary recovery system for precious metals is capable of increasing recovery rates up to 10,000% more than that of traditional methods.

Catalyst Resource Group has developed and secured patented proprietary methods that can recover fine micron metals that could not be recovered in the past.

This process is able to recover up to one hundred times the standard industry recovery rates, targeting gold, platinum, rhodium and palladium. Using the Catalyst recovery system, the Company will start production on its properties in Beluga, Alaska, which consist of an initial 160 acres with an option to increase up to an additional 46,080 acres. Initial results from the properties have shown significant quantities of rhodium, palladium and gold.

Catalyst CEO, Douglas Berkey, said: "We consider ourselves to be a 'hybrid mining company,' with all the benefits of a large mining operation but with none or little of the costs and risks associated with it. Because most of our material is above ground and already mined, our operating costs are less than 10% of those of traditional mining companies. Our methods are also more environmentally friendly while being much more efficient."

The Company intends to form several joint ventures with other mine properties and start to license out its patented separation process to other mining, processing, recovery and refining operations around the world.

About Catalyst Resource Group
Catalyst Resource Group is focused on utilizing innovative processing technologies for mining and natural resources to extract and process gold and platinum group metals such as rhodium, palladium, and platinum. The Company has taken steps to prepare for the application of these new technologies on mineral properties in North America. Website: www.cataresource.com

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:

Timmy Phan
714-843-5457
Email Contact

MarketWire

Comment on this story

Share