Adex Mining Inc. (TSX VENTURE:ADE) has provided an update on its development activities at its wholly-owned Mount Pleasant Mine Property, located in south-western New Brunswick, Canada.
The Property includes two potentially economic mineral deposits, the tin-indium-zinc ("Sn-In-Zn") North Zone and the tungsten-molybdenum ("W – Mo") Fire Tower Zone.
Adex has commenced a 3,500 metre diamond drilling program on the property with the arrival of the first of two drill rigs to be used for its fall drilling program. The program will focus on targets in the North Zone in order to upgrade the inferred resources in the deposit to the 43-101 "indicated" category. The total Sn-In-Zn 43-101 resource estimate presently includes an "indicated" resource of 10,882,700 tonnes grading 0.43% Sn, 67.8 g/t In and 0.67% Zn plus an "inferred" resource of 7,602,800 tonnes grading 0.22% Sn, 74.6 g/t In and 0.99% Zn. The work is being conducted by Adex in conjunction with an upcoming definitive feasibility study of the North Zone.
Details of the North Zone resource estimate are compiled in the National Instrument 43-101 ("NI 43-101") compliant Technical Report, entitled "A Technical Review of the Mount Pleasant Property, Including a Mineral Resource Estimate on the North Zone, Southwestern New Brunswick for Adex Mining Inc.", dated May 6, 2009 and completed by Watts, Griffis and McOuat Limited, Consulting Geologists and Engineers, and SGS-Geostat Limited. Trevor Boyd, P.Geo., the Company's Geological Consultant and a qualified person as defined by NI 43-101, supervised the preparation of the technical information contained in this Press Release in compliance with NI 43-101.
Source: Adex Mining Inc.