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Mount Pleasant Mine - a high-quality tin-indium and tungsten-molybdenum development project in southwestern New Brunswick, Canada.

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Adex files technical report for moly/tungsten zone at Mount Pleasant...

posted on Dec 08, 2008 04:52PM

Adex files technical report for moly/tungsten zone at Mount Pleasant

By: Liezel Hill

Published on 8th December 2008

Updated 5 hours ago

TORONTO (miningweekly.com) – TSX Venture Exchange-listed Adex Mining has filed an NI 43-101-compliant technical report on the molybdenum/tungsten Fire Tower Zone (FTZ) at the company's Mount Pleasant project, in New Brunswick, Canada.

The technical report is the final document in relation to an updated NI 43-101 resource estimate completed for the FTZ, which is one of two mineralised zones discovered at the project.

The report also includes an executive summary of a scoping study on the FTZ.

Adex CEO Kabir Ahmed said last week that the company was ready to launch a feasibility study on the FTZ, but would wait until financial and commodity markets stabilised.

The company expects to publish an updated resource statement for the neighbouring North Zone, where it has found tin and indium, by January at the latest.