Adex Mining Inc.
TSX VENTURE : ADE

Adex Mining Inc.

September 26, 2007 08:21 ET

Adex Mining Inc. Announces Metallurgical Test Program for Mount Pleasant Mine Property

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2007) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to announce its metallurgical testing plans for the development of its Mount Pleasant Mine Property (the "Property") located in southwestern New Brunswick.

Further to the Company's announcement on August 21, 2007 that it was developing a metallurgical process for the production of tungsten and molybdenum from the Property's Fire Tower Zone and the production of tin and indium from the Property's North Zone, the Company has now identified such process. Various test programs have been completed over the last fifteen years to assess alternative process technologies, to improve on product purity and for the optimization of metal recovery. A fully integrated process flowsheet capable of processing ore from various zones of the Property has been defined and will be subjected to an extensive optimization test program over the next year as a precursor to feasibility studies for commercial production at the Property.

The refinement of the process flowsheet will focus on the use of gravity separation, flotation and magnetic separation for the production of tungsten, tin, bulk-sulfide and molybdenum concentrates. Added value products such as ammonium paratungstate and indium metal will be produced from respective low-grade tungsten and bulk-sulfide concentrates. Hydrometallurgical processing technologies have also been identified to optimize the purity of the metal products proposed to be produced from the Property for use by high-value steel and electronics industries.

The metallurgical test program will be completed in phases and the initial phase has been initiated to include bench-scale testing of ore grinding, physical upgrading of the ore and hydrometallurgical treatment of concentrates. Subsequent-phase testing of the metallurgical flowsheet will included extensive grinding optimization and pilot scale upgrading / hydrometallurgical flowsheet trials including characterization of the flowsheet on ore from the various ore zones.

Large bulk samples of ore taken from each ore zone during previous operations will be used for the initial-phase metallurgical testing. Measures to obtain additional bulk samples for each phase of the metallurgical program are under review. The final-phase ore-body-characterization tests will utilize ore from the drill program (a drill program for North Zone and the Fire Tower zone is also planned to commence in the early winter of 2007-08). The final-phase tests will assess the flowsheet's ability to handle the variability of ore within each zone and will further optimize on the process operating parameters. The ore-body-characterization testing is intended to improve the processing of ore of diverse compositions and is also defined as a "process intensification test program" to achieve optimum commercial benefit from the proposed process flowsheet.

In addition to the management of a metallurgical test program to assure optimum product quality and compliance with world market specifications, the Company will be developing a fully integrated process system to be designed to exceed environmental guidelines. The overall process technology for the Property has been selected to optimize on the recovery of metals and to minimize environmental impact with provisions to reduce waste generation, recycle water and employ proven wastewater treatment technologies. Various water treatment technologies are presently undergoing bench-scale pilot tests to assure optimum water and wastewater quality.

ABOUT ADEX:

Adex is a junior public resource company whose primary asset is the Mount Pleasant Mine, a multi-metal mine development project located in Charlotte County, New Brunswick, approximately 80 kilometres south of Fredericton, 97 kilometres northwest of Saint John, 38 kilometres north of St. George and 65 kilometres from the United States border. The common shares of the Company trade on the TSX Venture Exchange under the stock symbol "ADE".

No securities commission or regulatory authority has approved or disapproved the contents of this press 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Adex Mining Inc.
    Kabir Ahmed
    President, Chief Executive Officer and Director
    1-866-508-2339 (ADEX)