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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
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Alexander Mining plc-Favourable AmmLeach(R) Amenability Testwork Results for Altona Mining Limited

11/04/2012 11:30am

Marketwired Canada


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

Good Progress with Testwork for Altona Mining 

Alexander is pleased to report favourable AmmLeach(R) amenability testwork
results for the recovery of copper from samples provided by Altona Mining
Limited ("Altona") from its Blackard deposit, forming part of the Roseby Project
in northwest Queensland, Australia.  


On 19 December last year, it was announced that Alexander would conduct
AmmLeach(R) amenability testwork for the recovery of copper from the oxide ore
zone at Altona's Little Eva deposit, also part of the Roseby Project.
Subsequently, the scope of this work was expanded to include representative
samples from the nearby Blackard deposit. To date, four samples have been
selected by Altona to be tested from different mineralisation zones at Blackard
(3) and Little Eva (1). 


The Blackard deposit currently has a resource of 46.3Mt at 0.63% copper
(291,000t contained copper), of which a significant portion (approximately 60%)
is in what is called the native copper mineralisation zone, which is below the
oxide ore zone. AmmLeach(R) results for the various mineralisation zones showed
that the material from this zone was the most amenable, with highly encouraging
copper recoveries into solution of more than 80%. 


Alexander and Altona are now discussing the recommended next stage of testwork
for this zone. Further announcements will be made in due course. 


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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