Adex Mining To
Commence Tin Metal Test Work.
Toronto - January 6, 2011 - Adex Mining Inc. ("Adex"
or the "Company") (TSX-V: 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's 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".
FOR FURTHER INFORMATION PLEASE CONTACT:
J. Errol Farr, CMA
President, Chief Executive Officer and Director
Adex Mining Inc.
1-866-508-2339 (ADEX)
Email: investorrelations@adexmining.com
Website: www.adexmining.com
No securities commission or regulatory authority has approved or disapproved
the contents of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this 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.