TUNGSTEN-MOLY DEVELOPMENT: Adex updates plans for Mount Pleasant mine

NEW BRUNSWICK – Adex Mining of Toronto has updated its development plan for the Mount Pleasant mine 80 km south of Fredericton. The company has decided on restarting production from the Fire Tower zone (FTZ) containing tungsten, molybdenum and bismuth mineralization.

Having set a start-up date of early 2015, the company has begun metallurgical feasibility testing. The reopening plan also includes the production of potential final marketable metal products from the FTZ such as ammonia para-tungstate (APT) and molybdenum dioxide or molybdic oxide, which are in demand in the high tech metals industry.

The 43-101 resource estimate for the FTZ includes an indicated resource of 13.5 million tonnes at 0.33% WO₃ and 0.21% MoS₂, as well as an inferred resource of 841,700 tonnes at 0.26% WO₃ and 0.20% MoS₂.

The North zone resource estimate includes an indicated resource of 10.9 million tonnes grading 0.43% Sn, 67.8 g/t In and 0.67% Zn plus an inferred resource of 7.6 million tonnes grading 0.22% Sn, 74.6 g/t In and 0.99% Zn.

Mount Pleasant is a previous producer. Learn more at AdexMining.com.