Micrex Development Corp.: Magnetite Order for Water Treatment Application
June 04 2013 - 8:29AM
Marketwired Canada
Micrex Development Corp. (TSX VENTURE:MIX) is pleased to announce that it has
received a $2,000,000 order from Chemco Inc. of Saint-Augustin-de-Desmaures,
Quebec for magnetite to be used for the production of ferric sulphate for water
treatment plants. As part of this agreement, Chemco will be working with Micrex
on the sale of magnetite for this specialized market throughout eastern Canada
and northeastern United States. This comes at the end of a large evaluation
program of various magnetite sources, including the St-Charles de Bourget
deposit where drilling, testing and assays were conducted. Micrex estimates the
market in Canada and the US for magnetite used in the production of ferric
sulphate at $10,000,000 annually. Delivery of this order is expected to occur in
early 2014.
Micrex is also in discussion with various coal-mining companies for the
production of heavy media magnetite used to clean coal, and continues to pursue
opportunities for the sale of ilmenite and apatite by-products of the St-Charles
magnetite production process.
This press release has been reviewed and approved by Mr Rejean Girard, P.Geo
from IOS Services Geoscientifiques Inc., a qualified person for the St. Charles
project.
Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company
based in Alberta, Canada with mining properties in North America.
Visit www.mixcorp.com for further details.
MICREX DEVELOPMENT CORP.
Burmis Magnetite/Titanium Property - St. Charles de Bourget
Magnetite/Titanium/Rare Earth Property - Fort Steele Placer Property - Bighorn
Gold Mine - Mount Royal Gold Mine - Deadwood Gold Mine - Sunburst Gold Property
FORWARD-LOOKING STATEMENTS
Certain statements in this news release are "forward-looking statements", which
reflect management's expectations regarding its property and business
operations. All statements other than statements of historical fact contained in
this news release are forward-looking statements. Such forward-looking
statements involve risks and uncertainties, as they reflect management's current
beliefs and are based on information currently available to management. Actual
results may differ materially from those anticipated in the statements made. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The forward-looking statements are made as of the date of
this news release and Micrex assumes no obligation to update or revise them to
reflect new events or circumstances except as expressly required by applicable
securities law. Further information regarding the uncertainties and risks can be
found in the disclosure documents filed by Micrex with the securities regulatory
authorities, available at www.sedar.com.
A mineral exploration and development company operating in Canada and the United
States.
SEC 12 g (3) Exemption 82-4281
FOR FURTHER INFORMATION PLEASE CONTACT:
Micrex Development Corp.
Perry Meszaros
(780) 448-0922
Micrex Development Corp.
S.E. Marshall
(780) 448-0922
mixinfo-1@mixcorp.com
www.mixcorp.com
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