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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 to Commence Tin Metal Test Work

06/01/2011 12:00pm

Marketwired Canada


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.


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