NEW BRUNSWICK - After weighing the potential of the two separate deposits on its Mount Pleasant property in Charlotte County, Adex Mining has decided to develop the North zone first. This zone has total indicated and inferred resources of 18.5 million tonnes averaging 0.34% Sn, 70.6 g/t In and 0.80% Zn.
The plan is to produce metal products as opposed to metal concentrates. Both indium and zinc could be finished to final marketable metal products on site. Tests on tin-bearing material have not yet been concluded. Adex said in a news release that producing metals would make off-take agreements easier to arrange and improve project economics.
Once the North zone is in production and generating cash flow, the Fire Tower tungsten-molybdenum zone will be developed. The company anticipates producing saleable metals - ammonia paratungstate and moly dioxide or molybdic oxide.
The definitive feasibility study for the North Zone is expected to be competed in the first half of 2011. Please see www.AdexMining.com.