Adex decideds to target Indium Deposits for Detailed Evaluation at Mount Pleasant

Written by on July 23rd, 2009

*Toronto – July 23, 2009 -* Adex Mining Inc. (“Adex” or the “Company”) (TSX-V: ADE) is pleased to provide an update on its development plan for the North Zone (“NZ”) at its wholly-owned Mount Pleasant Mine Property in southwestern New Brunswick, Canada (“Mount Pleasant” or the “Property”). The development plan includes bulk sampling, hydrometallurgical flow sheet development for tin and indium, the development of a waste water treatment process and a mine development plan. These activities will support a NZ scoping study expected to be completed in late 2009. A positive result from this scoping study is expected to lead to the preparation of a definitive feasibility study proposed for completion in 2010. Adex currently has sufficient financial resources to complete this development work, including the definitive feasibility study.

The scoping study, wastewater treatment system design, collection of the bulk samples for bench and pilot plant work, and re-sampling for indium analysis of historical core are currently underway at Mount Pleasant.

A National Instrument 43-101 (“NI 43-101”) compliant Technical Report (the “NZ Technical Report”) was completed by Watts, Griffis and McOuat Limited (“WGM”), Consulting Geologists and Engineers, and SGS-Geostat Limited (“SGS”), in May, 2009. The NZ 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 Paul Dunbar, P.Geo. Senior Associate Geologist of WGM and Robert de l’Etoile, Eng. Senior Geological Engineer of SGS, is available on SEDAR at The NZ Technical Report recommends that Adex complete an economic evaluation of both the surface-exposed and near-surface zones of tin-indium-zinc (“Sn-In-Zn”) mineralization in the NZ. The report also recommends bulk sampling and pilot plant testing in order to define optimal mineral recovery processes, as well as opening the existing 600 adit to provide access to the near surface deposits.

On the basis of the recommendations in the NZ Technical Report, Adex management has designed a development program that will assess a low cost, moderate tonnage mining and processing operation to produce marketable Sn, In, and Zn products from the NZ.

See full release Click Here Adex trades on the TSX.v – Under the symbol ADE


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