Alexander Mining plc
TSX VENTURE : AXD
AIM : AXM

November 16, 2011 06:30 ET

Alexander Mining plc-Firestone Selects AmmLeach® Process for its Torlon Hill Zinc-Lead-Silver Oxide Project in Guatemala

LONDON, UNITED KINGDOM--(Marketwire - Nov. 16, 2011) - Alexander ('Alexander' or the 'Company') (TSX VENTURE:AXD)(AIM:AXM) and Firestone Ventures Inc. ('Firestone') (TSX VENTURE:FV)(FRANKFURT:F5V) are pleased to announce that Firestone has decided to advance investigating the use of AmmLeach® at its Torlon Hill project in Guatemala. Firestone is in discussions with Alexander on proposals for further bench-scale work, column testing and a demonstration test plant designed to test further the application of the AmmLeach® process.

This follows on from Firestone's extensive preliminary metallurgical testwork on the Torlon Hill deposit using a variety of methods. In June 2011, the summary findings of a study ('Study') by consultant David Lunt of Stirling Process Engineering ('Stirling') investigating the use of AmmLeach® for processing material from Firestone's Torlon Hill property were announced.

The Study supported a conceptual flow sheet using the AmmLeach® process in a heap leaching, solvent extraction and steam stripping process to produce a zinc oxide product. In addition, the adoption of heap leaching would eliminate the need for milling, agitation leaching equipment and solid-liquid separation. As a result, significant cost savings should be possible using AmmLeach®, especially since no on-site acid plant is required.

Martin Rosser, CEO of Alexander, said:

"We are delighted that Firestone has selected AmmLeach® as its preferred processing method option at Torlon Hill, as well as for other potential Guatemala sources of feedstock. We greatly look forward to working with Firestone to advance its project."

Forward Looking Statements

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

Neither 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.

Contact Information

  • Alexander Mining plc
    Martin Rosser
    Chief Executive Officer
    Mobile: + 44 (0) 7770 865 341

    Alexander Mining plc
    Matt Sutcliffe
    Executive Chairman
    Mobile: +44 (0) 7887 930 758

    Alexander Mining plc
    1st Floor, 35 Piccadilly, London, W1J 0DW
    +44 (0) 20 7292 1300
    +44 (0) 20 7292 1313 (FAX)
    mail@alexandermining.com
    www.alexandermining.com

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