ADEX INCREASES RESERVES AT MOUNT PLEASANT MINE, NEW BRUNSWICK.TORONTO--(BUSINESS WIRE)--FEBRUARY 21, 1995--ADEX MINING CORP.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AMG AMG All Music Guide (music website) AMG All Media Guide (group of media websites) AMG All Movie Guide (Movie website) AMG Arzneimittelgesetz (German Law) ) ADEX ADEX Athens Derivatives Exchange (Athens, Greece) ADEX Air Defense Exercise ADEX Advertisement Expenditure ADEX Asociaciã³n de Exportadores (Peru) Mining Corp. is pleased to announce the successful completion of a "wildcat" drill hole at the Mount Pleasant Mine in New Brunswick. ADEX is funding a pre-feasibility work program at Mount Pleasant including drilling and metallurgical test work. ADEX has an option to acquire control of the mine from Piskahegan Resources Limited, a private company. Mount Pleasant contains a number of well documented mineral deposits. The Fire Tower Zone (tungsten), the North Zone (tin with significant tungsten/molybdenum) and the Saddle Zone (tin) located between the first two. Tin mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. has also been identified in a structure located on the north side of the Fire Tower Fault in the Fire Tower Zone. This mineralization is referred to as the Fire Tower North Zone. These three tin mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones were initially believed to be separate structures which had been cut off by granite. In 1994- 1995, the company conducted a core re-evaluation program including mineral analysis and has just completed one drill hole between the Fire Tower North Zone and the Saddle Zone. The re-evaluation and this recent drill hole have confirmed that the tin mineralization is continuous between the two structures. It is now believed that the structure is continuous for over 1,600 meters between the Fire Tower North Zone and the North Zone and that a number of tin mineralized cupolas may exist along that trend. The current proven reserves of 5 million tonne within this tin zone are now projected to have at least an additional 5 million tonnes of drill indicated reserves, all at an equivalent grade of approximately 1 percent tin. Pilot plant processing of a 22 tonne bulk sample of tin mineralization will be undertaken at Lakefield Laboratories in early March, 1995. In addition, bio-leach testing of sulfide fines is underway to investigate this low-cost recovery of indium, bismuth bismuth (bĭz`məth) [Ger. Weisse Masse=white mass], metallic chemical element; symbol Bi; at. no. 83; at. wt. 208.9804; m.p. 271.3°C;; b.p. about 1,560°C;; sp. gr. 9.75 at 20°C;; valence +3 or +5. , zinc and copper. ADEX plans to complete a pre-feasibility study of these tin deposits by June 1995. The current mine property includes a 2000 tonne per day mill with underground decline access to the tin and tungsten orebodies. ADEX believes that increased tin recoveries and by-product by·prod·uct or by-prod·uct n. 1. Something produced in the making of something else. 2. A secondary result; a side effect. by-product Noun 1. indium, bismuth, zinc, molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. and tungsten, could result in a positive production decision for Mount Pleasant by year end. To obtain a map, please contact ADEX Mining Corp. at the number below. CONTACT: Bill Burton, 416/947-1179 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion