Adex Provides Update on North Zone Tin, Indium, Zinc Bench Scale Concentrate Project
June 02 2010 - 7:44AM
Marketwired
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.
Neither the 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: Adex Mining Inc. J. Errol Farr, CMA President, Chief
Executive Officer and Director 1-866-508-2339 (ADEX) Email:
investorrelations@adexmining.com Website: www.adexmining.com
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