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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 Mining Indium Zinc Hydromet Test Results

20/01/2011 2:56pm

Marketwired Canada


Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
announce results from its zinc/indium hydrometallurgical pilot test program
being conducted at the pilot facilities of Thibault and Associates Inc.
("Thibault") in Fredericton, New Brunswick. 


Indium sponge metal grading 96.25% indium and zinc metal grading 98.89% zinc
were produced from the pilot plant operations in December 2010/January 2011.
Feed for the successful pilot run originated from zinc/indium concentrate from
previous testwork on the North Zone ("NZ") of Adex's wholly-owned Mount Pleasant
Mine Property ("Mount Pleasant" or the "Property") located in south-western New
Brunswick, Canada. 


In addition to the pilot testing, computer simulation of the proprietary,
chloride-based process technology is in progress by Thibault to optimize
operating and plant design parameters for the hydrometallurgical flowsheet. 


"I continue to be very optimistic," stated Errol Farr, Adex President and CEO.
"As previously stated, the potential to produce and direct market high grade
indium and zinc products places Adex in a unique position amongst junior mining
companies."


The hydromet process, developed by Thibault for Adex, involves chloride leaching
of zinc sulphide concentrate containing approximately 4500 ppm indium and
recovering indium and zinc through a series of solvent extraction and solution
purification unit operations. In addition to the production of high purity
indium and zinc, the technology is designed to optimize on the regeneration of
leaching reagents and to assure compliance with environmental guidelines.


Indium production at Mount Pleasant is planned at 40 tonnes per year ("tpy"),
with about 4,000 tpy of zinc metal. Adex also plans to produce about 1500 tpy of
tin metal either as high purity metal or as metal contained in tin concentrate. 


QUALIFIED PERSON

J. Dean Thibault, P. Eng., Senior Process Chemical Engineer and Principal of
Thibault & Associates Inc., an independent qualified person as defined by 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 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.


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