Adex Mining Announces the Commencement of Drilling on Mount Pleasant Property

Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
provide an update on its development activities at its wholly-owned Mount
Pleasant Mine Property ("Mount Pleasant" or the "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, which is available on SEDAR
at www.sedar.com. 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.


ABOUT ADEX

Adex Mining Inc. is a Canadian junior mining company with an experienced
management team. The Company is focused on developing its flagship Mount
Pleasant Mine Property, a multi-metal project that is host to promising
tungsten-molybdenum and tin-indium-zinc mineralization. Located in Charlotte
County, New Brunswick, the Mount Pleasant Mine Property is 80 kilometres south
of Fredericton, the provincial capital, and 65 kilometres from the United States
border. The common shares of Adex trade on the TSX Venture Exchange under the
stock symbol "ADE".


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, except as required by law.
Adex Mining (TSXV:ADE)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024