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ADE Adex Mining Inc

0.005
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adex Mining Inc TSXV:ADE 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% 0.005 0.005 0.01 100 01:00:00

Adex Announces Filing of North Zone NI 43-101 Compliant Technical Report

14/05/2009 9:01pm

Marketwired Canada


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.


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