Alexander Mining plc-Firestone Selects AmmLeach(R) Process for its Torlon Hill Zinc-Lead-Silver Oxide Project in Guatemala
November 16 2011 - 6:30AM
Marketwired
Alexander ('Alexander' or the 'Company') (TSX VENTURE:AXD)(AIM:AXM)
and Firestone Ventures Inc. ('Firestone') (TSX
VENTURE:FV)(FRANKFURT:F5V) are pleased to announce that Firestone
has decided to advance investigating the use of AmmLeach® at its
Torlon Hill project in Guatemala. Firestone is in discussions with
Alexander on proposals for further bench-scale work, column testing
and a demonstration test plant designed to test further the
application of the AmmLeach® process.
This follows on from Firestone's extensive preliminary
metallurgical testwork on the Torlon Hill deposit using a variety
of methods. In June 2011, the summary findings of a study ('Study')
by consultant David Lunt of Stirling Process Engineering
('Stirling') investigating the use of AmmLeach® for processing
material from Firestone's Torlon Hill property were announced.
The Study supported a conceptual flow sheet using the AmmLeach®
process in a heap leaching, solvent extraction and steam stripping
process to produce a zinc oxide product. In addition, the adoption
of heap leaching would eliminate the need for milling, agitation
leaching equipment and solid-liquid separation. As a result,
significant cost savings should be possible using AmmLeach®,
especially since no on-site acid plant is required.
Martin Rosser, CEO of Alexander, said:
"We are delighted that Firestone has selected AmmLeach® as its
preferred processing method option at Torlon Hill, as well as for
other potential Guatemala sources of feedstock. We greatly look
forward to working with Firestone to advance its project."
Forward Looking Statements
This news release may contain forward looking statements, being
statements which are not historical facts, including, without
limitation, statements regarding potential mineralization,
exploration results, resource or reserve estimates, anticipated
production or results, sales, revenues, costs, "best-efforts"
financings or discussions of future plans and objectives. There can
be no assurance that such statements will prove accurate. Such
statements are necessarily based upon a number of estimates and
assumptions that are subject to numerous risks and uncertainties
that could cause actual results and future events to differ
materially from those anticipated or projected. Important factors
that could cause actual results to differ materially from the
Company's expectations are in Company documents filed from time to
time with the TSX Venture Exchange and provincial securities
regulators, most of which are available at www.sedar.com. The
Company disclaims any intention or obligation to revise or update
such statements unless required by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Alexander Mining plc Martin Rosser Chief Executive
Officer Mobile: + 44 (0) 7770 865 341 Alexander Mining plc Matt
Sutcliffe Executive Chairman Mobile: +44 (0) 7887 930 758 Alexander
Mining plc 1st Floor, 35 Piccadilly, London, W1J 0DW +44 (0) 20
7292 1300 +44 (0) 20 7292 1313
(FAX)mail@alexandermining.comwww.alexandermining.com Nominated
Advisor and Broker Ambrian Partners Limited Samantha Harrison / Jen
Boorer +44 (0) 20 7634 4700 Joint Broker XCAP Securities plc John
Grant / Karen Kelly / Adrian Kirk +44 (0) 20 7101 7070 Public/Media
Relations Britton Financial PR Tim Blackstone +44 (0) 20 7242
9786
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