SGS Labs Confirms Gold Recoveries of 91.7% Using Innovation Mining’s Non-Cyanide-Based RZOLV Formula

North Vancouver, BC – December 16, 2024 – Innovation Mining is pleased to announce the results of recent independent metallurgical testing conducted by SGS Labs in Burnaby, BC. The series of tests compared the performance of Innovation Mining's non-cyanide-based formula, RZOLV, against traditional sodium cyanide in gold extraction.

The results were favorable for RZOLV, which achieved 91.7% gold recovery over 48 hours, compared to 84.9% for the 2 g/l sodium cyanide solution. These tests were conducted using oxidized material from a gold project in Northeastern Nevada, with a particle size of 80% passing 2mm. The key objective of the tests was to determine RZOLV’s potential to be used as an environmentally friendly alternative to cyanide for gold extraction.

Figure1. Bottle Roll Leaching Recovery Results

Table 1: Bottle Roll Leaching Recovery Results

CEO Statement

Duane Nelson, CEO of Innovation Mining, expressed his satisfaction with the results: “We are very pleased with SGS’s independent test results. They clearly establish that Innovation’s non-cyanide solution can achieve leach kinetics and gold recoveries comparable to conventional cyanide solutions.”

About Innovation Mining

Innovation Mining is a clean-tech, small-scale mining company focused on developing an environmentally friendly, patent-pending non-cyanide chemical formula for extracting precious metals. Over 90% of global gold production is currently reliant on cyanide, a toxic substance. Innovation Mining’s alternative solution offers a safe, reusable, and cost-effective method to extract gold, representing a sustainable future for the mining industry.

About SGS Labs

SGS is the world’s leading Testing, Inspection, and Certification company, with a vast network of over 2,700 laboratories across 119 countries. SGS’s expertise in precision and accuracy ensures that organizations meet the highest standards of quality, safety, and compliance.

For further information, please contact:

Duane Nelson

Innovation Mining Inc.

Email: duane@innovationmining.com

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