Adex Mining Completes Mineralogy Study
24 December 2008 - 12:14AM
Marketwired
Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE: ADE) is
pleased to announce the completion of a mineralogy characterization
test program for the recovery and extraction of tungsten,
molybdenum, tin and indium at the Company's Mount Pleasant Mine
Property (the "Property") located in southwestern New Brunswick.
The Property hosts two mineralized zones: the tungsten-molybdenum
bearing Fire Tower Zone ("FTZ") and the tin-indium bearing North
Zone ("NZ").
The mineralogy characterization test program was undertaken with
the purpose of assisting the Company develop and validate a
metallurgical process for optimum metal recovery from the
Property's FTZ and NZ. Specifically, a detailed analysis of the
grain size and liberation characteristics of the metals hosted at
the Property was completed to confirm an optimum grinding and metal
recovery circuit.
SGS Lakefield Research Limited of Lakefield, Ontario completed
the mineralogy characterization test program by assessing ore
samples from the FTZ and NZ using a series of metallurgical
technologies, including QEMSCAN, X-ray diffraction and Electron
Microprobe analysis.
Qualified Person
Trevor Boyd, P.Geo., the Company's Geological Consultant and a
qualified person as defined by NI 43-101, supervised the
preparation of the technical information contained in this press
release in compliance with National Instrument 43-101.
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, Mount Pleasant is situated approximately 80
kilometers south of Fredericton, the provincial capital, and is 65
kilometers from the United States border. The common shares of Adex
trade on the TSX Venture Exchange under the stock symbol "ADE".
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.
No securities commission or regulatory authority has approved or
disapproved the contents of this press release. The TSX Venture
Exchange does not accept responsibility for the adequacy or
accuracy of this press release.
Contacts: Adex Mining Inc. Kabir Ahmed President, Chief
Executive Officer and Director 1-866-508-2339 (ADEX) Email:
investorrelations@adexmining.com Website: www.adexmining.com
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