Adex Announces Filing of North Zone NI 43-101 Compliant Technical Report
15 May 2009 - 6:01AM
Marketwired
Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE: ADE) is
pleased to announce the filing of a National Instrument 43-101 ("NI
43-101") compliant Technical Report on the North Zone ("NZ") at its
wholly-owned Mount Pleasant Mine Property in southwestern New
Brunswick, Canada ("Mount Pleasant" or the "Property") with the
Ontario, British Columbia and Alberta securities commissions. The
Technical Report, completed by Watts, Griffis and McOuat Limited,
Consulting Geologists and Engineers, is the final Technical Report
in relation to the NI 43-101 Mineral Resource estimate for the NZ
announced by Adex in a Press Release dated April 6, 2009 titled
"Adex Announces NI 43-101 Compliant "Indicated" Mineral Resource
Estimate of 10.88 Million Tonnes for the North Zone's
Tin-Indium-Zinc Deposit At Mount Pleasant".
The NZ is one of two mineralized zones found at Mount Pleasant.
The other zone, the Fire Tower Zone, is the site of a
past-producing tungsten-molybdenum underground mining operation
during the 1980s.
The Technical Report, entitled "A Technical Review of the Mount
Pleasant Property, Including a Mineral Resource Estimate on the
North Zone, Southwestern New Brunswick for Adex Mining Inc.", dated
May 6, 2009 and completed by Paul Dunbar, P.Geo. Senior Associate
Geologist of Watts, Griffis and McOuat Limited, and Robert de
l'Etoile, Eng. Senior Geological Engineer of SGS-Geostat Limited,
is now available on SEDAR at www.sedar.com.
Qualified Person
Trevor Boyd, P.Geo., the Company's Geological Consultant and a
qualified person as defined by National Instrument 43-101 ("NI
43-101"), supervised the preparation of the technical information
contained in this Press Release in compliance with NI 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, 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. Errol Farr, Interim President and
Chief Executive Officer, Chief Financial Officer and Director
1-866-508-2339 (ADEX) Email: investorrelations@adexmining.com
Website: www.adexmining.com
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