Adex Mining Announces Development Plan for Tungsten Project

Adex Mining Inc. (TSXV:ADE) announced a development plan for its Fire Tower zone tungsten-molybdenum-bismuth  project in Canada.

As quoted in the press release:

Better-than-expected results from the 2011 drill program, released in our update from January 31, 2012, identified new intercepts containing high-grade tungsten (WO₃), molybdenum (MoS₂) and bismuth (Bi) at the North Zone (“NZ”) and Saddle Zone, which lies between the NZ and FTZ about 500m from each. These results support the change to the Company’s development strategy and extend known WO₃, MoS₂ and Bi mineralized bodies.

Adex’s COO, Patrick Merrin said:

The high grade drill results from our fall campaign have shown the potential for a significantly longer mine life for our WO₃-MoS₂-Bi project. A longer mine life combined with the strong tungsten markets indicate that the financials from the Aker Solution scoping study could be significantly improved.

Click here to read the Adex Mining Inc. (TSXV:ADE) press release.