Adex Mining to Commence Tin Metal Test Work
07 January 2011 - 12:00AM
Marketwired
Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE: ADE) is
pleased to announce that it has engaged Xstrata Process Support
("XPS") of Sudbury, Ontario to test the pyrometallurgical options
for the extraction of tin metal from tin concentrate planned to be
produced from the North Zone ("NZ") at Adex' wholly-owned Mount
Pleasant Mine Property ("Mount Pleasant" or the "Property") located
in south-western New Brunswick, Canada.
The report of a preliminary assessment of the NZ completed by
Adex in early 2010 (available at www.sedar.com) proposed only the
production and sale of tin concentrate from the NZ. However, due to
recent advances in small scale pyrometallurgical (smelting)
technologies and following discussions with XPS, Adex believes that
the potential production of tin metal, as a final saleable product,
could have a significant positive impact on the economics of a
mining operation at the NZ.
Consequently, XPS has been engaged to perform Phase 1
pyrometallurgical test work to determine the options for the
extraction of tin metal from tin concentrate. The objectives and
key deliverables of this test work include the following: a)
thermo-chemical modeling of the tin smelting process and the
determination of preliminary operating parameters; b) crucible
testing of NZ concentrate for the tin smelting process; and c)
conceptual flowsheet development. This test work, which is
anticipated to take between 6-10 weeks to complete, is expected to
lead to additional work for the production of a final tin metal
product as an important option for consideration within a
definitive feasibility study on the NZ due to commence in early
2011.
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
mineralization. Located in Charlotte County, New Brunswick, the
Mount Pleasant Mine Property is 80 kilometres south of Fredericton,
the provincial capital, and 65 kilometres 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.
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)
investorrelations@adexmining.com www.adexmining.com
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