Adex Reports Remaining Drill Results at Mount Pleasant
February 22 2011 - 7:27AM
Marketwired Canada
Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
report the remaining results from its 2010 diamond drilling program on the
tin-indium-zinc North Zone at the Mount Pleasant Mine Property in southwestern
New Brunswick, Canada. Analytical results are tabulated for holes AM-10-15,
AM-10-17, AM-10-19 and AM-10-25 below.
----------------------------------------------------------------------------
Hole From To Length Tin Indium Zinc Copper Bismuth Arsenic
Identification (m) (m) (m) (wt.%) (g/t) (wt.%) (wt.%) (wt%) (wt.%)
----------------------------------------------------------------------------
AM-10-15 108 114 6 0.30 132 1.00 0.07 0.03 0.18
----------------------------------------------------------------------------
AM-10-17 192 198 6 0.54 44 0.39 0.04 0.05 4.00
----------------------------------------------------------------------------
AM-10-19 57 63 6 0.26 308 3.58 0.29 0.02 0.73
----------------------------------------------------------------------------
AM-10-25 66 69 3 0.32 291 15.3 0.27 0.01 0.24
----------------------------------------------------------------------------
These are consistent definition drilling results with the purpose of upgrading
the North Zone National Instrument 43-101 ("NI 43-101") compliant "inferred"
resources to "indicated" category. The total North Zone NI 43-101 resource
estimate presently includes an "indicated" resource of 10,882,700 tonnes grading
0.43% Sn, 67.8 g/t In and 0.67% Zn plus an "inferred" resource of 7,602,800
tonnes grading 0.22% Sn, 74.6 g/t In and 0.99% Zn. The work is being conducted
by Adex in conjunction with an upcoming definitive feasibility study of the
North Zone. Details of the North Zone resource estimate are compiled in the NI
43-101 compliant 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 Watts, Griffis and McOuat Limited, Consulting Geologists and
Engineers, and SGS Geostat Limited, which is available on SEDAR at
www.sedar.com.
Quality Assurance/Quality Control
Adex has implemented an industry standard QA/QC program. Core is split in half
using a hydraulic core splitter, sealed in secure packages and transported
directly by Adex personnel to the Activation Laboratories' preparation facility
in Fredericton, New Brunswick. Pulps are sent by bonded carrier from that
facility to Activation Laboratories in Ancaster, Ontario for analyses by Fusion
XRF for tin and tungsten, and by sodium peroxide fusion with either ICP-MS or
ICP-OES finish for indium, molybdenum, bismuth, arsenic, zinc, copper and lead.
A pulp duplicate unknown to the laboratory is submitted per batch of 10 samples
and sent to S.G.S. Laboratories in Toronto for analysis using sodium peroxide
fusion with ICP-MS finish for indium and ICP-OES finish for tungsten,
molybdenum, tin, bismuth, arsenic, zinc, copper and lead. A polymetallic
standard unknown to the laboratory is included with each batch of duplicate
samples. Both S.G.S. and Activation Laboratories fulfill standard QA/QC
protocols.
Qualified Person
The Mount Pleasant exploration program is being conducted under the direction of
Trevor Boyd, P.Geo., the Company's independent Geological Consultant and a
qualified person as defined by NI 43-101. Mr. Boyd 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 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."
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.
Adex Mining (TSXV:ADE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Adex Mining (TSXV:ADE)
Historical Stock Chart
From Jul 2023 to Jul 2024
