Adex Provides Update on North Zone Tin, Indium, Zinc Bench Scale Concentrate Project
June 02 2010 - 7:44AM
Marketwired Canada
Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
provide an update on its tin, indium and zinc bench scale test project being
carried out by SGS Lakefield Research Limited ("SGS") of Lakefield, Ontario to
evaluate the production of tin concentrate and zinc-indium concentrate from the
North Zone ("NZ") at Adex's wholly-owned Mount Pleasant Mine Property ("Mount
Pleasant" or the "Property"), located in southwestern New Brunswick, Canada.
The bench scale program is a two-pronged approach. The first step is designed to
produce indium-bearing zinc concentrate for further upgrading to a 95% indium
sponge utilizing an exclusive hydrometallurgical process being developed for
Adex by Thibault & Associates in Fredericton, New Brunswick. The second step is
designed to test the production of a tin concentrate for direct sale to a tin
smelter. Management and directors of Adex were present at SGS to observe the
final stage of the bench scale program - locked cycle testwork on both products
- on May 28, 2010. Test results will be released as soon as they are available.
The bench scale program will now lead directly to a pilot plant program which
will be carried out at SGS. A 100 tonne sample from the NZ has already been
received at SGS in Lakefield and the pilot plant will be set up over the next
two weeks with pilot plant operations scheduled to begin by mid-June.
Errol Farr, President and CEO of Adex, stated: "We are very pleased with both
the metallurgical and hydrometallurgical progress of our NZ test work to date.
We look forward to assessing the final results of the bench scale metallurgical
program, and anxiously await pilot plant results which will be used for scale up
to commercial production."
Adex's Mount Pleasant Property hosts two important and separate mineral
resources: the tungsten-molybdenum bearing Fire Tower Zone (the "FTZ") and the
tin-indium-zinc bearing NZ. The FTZ is the site of a past-producing
tungsten-molybdenum underground mining operation that produced and sold tungsten
concentrate between 1983 and 1985.
ABOUT ADEX
Adex Mining Inc. is a Canadian junior mining company with an experienced
management team. The Company is focused on developing its flagship Mount
Pleasant Mine Property, a multi-metal project that is host to promising
tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in
Charlotte County, New Brunswick, the Mount Pleasant Mine Property is situated
approximately 80 kilometres south of Fredericton, the provincial capital, and is
65 kilometres from the United States border. The common shares of Adex trade on
the TSX Venture Exchange under the stock symbol "ADE".
No securities commission or regulatory authority has approved or disapproved the
contents of this press release.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Adex, its
subsidiary or the industry in which they operate to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, the words
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", the negative thereof or other variations thereon or comparable
terminology are intended to identify forward-looking statements. Such statements
reflect the current expectations of the management of Adex with respect to
future events based on currently available information and are subject to risks
and uncertainties that could cause actual results, performance or achievements
to differ materially from those expressed or implied by those forward-looking
statements. These risks and uncertainties are detailed from time to time,
including, without limitation, under the heading "Risk Factors", in reports
filed by Adex with the Alberta, British Columbia and Ontario Securities
Commissions which are available at www.sedar.com and to which readers of this
press release are referred for additional information concerning Adex, its
prospects and the risks and uncertainties relating to Adex and its prospects.
New risk factors may arise from time to time and it is not possible for
management to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results, performance and
achievements of Adex to be materially different from those contained in
forward-looking statements. Although the forward-looking statements contained in
this press release are based upon what management believes to be reasonable
assumptions, Adex cannot assure investors that actual results will be consistent
with these forward-looking statements. Given these risks and uncertainties,
investors should not place undue reliance on forward-looking statements as a
prediction of actual results.
The forward-looking information contained in this press release is current only
as of the date of the press release. Adex does not undertake or assume any
obligation to release publicly any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events, except as required by law.
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