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AXD Alexander Mining

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Share Name Share Symbol Market Type
Alexander Mining TSXV:AXD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Alexander Mining plc-Altona Mining to Investigate the use of AmmLeach(R) Technology for Copper Oxide Ore Zone at its Little E...

19/12/2011 10:30am

Marketwired Canada


Alexander Mining plc (TSX VENTURE:AXD)(AIM:AXM)('Alexander' or the 'Company') - 

Alexander is pleased to report that Altona Mining Limited ("Altona") has
announced that it intends to investigate the use of AmmLeach(R) technology for
the recovery of copper from the oxide ore zone at its Little Eva deposit in
northwest Queensland, Australia. It is intended that Alexander's wholly owned
subsidiary, MetaLeach Limited ('MetaLeach') will commence amenability testwork
at its laboratory facility on representative mineralised material samples
shortly. 


About Altona Mining 

Altona is a Perth, Australia based company which is listed on the Australian
Securities Exchange and the Frankfurt Stock Exchange. The Company was formed in
2010 following the merger of ASX listed companies, Vulcan Resources and
Universal Resources. The Company's two key assets are the Outokumpu Project in
Finland and the Roseby Project in Queensland, Australia. 


Roseby is one of the largest copper resources in Australia and has had a
Definitive Feasibility Study completed in 2009. Permitting is nearing completion
and Altona is optimising the study to target copper production up to 40,000
tonnes per annum. 


Little Eva is one of the deposits that forms part of Altona's Roseby Project and
is a typical IOCG (iron-oxide copper-gold) deposit. A significant 15-30m thick
cap of oxide copper mineralisation (goethite, malachite, etc.) overlies the
primary mineralisation (feldspar-quartz- hematite-carbonate-chalcopyrite). The
primary mineralisation is a large and simple bulk tonnage copper-gold sulphide
deposit which will be processed via an industry standard flotation plant to
produce a copper-gold sulphide concentrate. 


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.


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