Adex confirms proven reserves of tungsten and molybdenum worth $1.16 billion at Mount Pleasant.

Adex Mining Inc. (TSXV: ADE) completed another step just before Christmas towards commencing mining operations in southwest New Brunswick. SGS Lakefield Research Ltd. of Lakefield, Ont., did a mineralization characterization test program for the recovery of tungsten, molybdenum, tin and indium at Mount Pleasant, Charlotte County. Lakefield undertook a detailed analysis of the grain size and liberation characteristics of the metals at the property to confirm an optimum grinding and metal recovery circuit. Adex believes it has proven reserves of tungsten and molybdenum worth $1.16 billion at Mount Pleasant. An underground mine to remove this resource could employ 200 to 250 people over 13 years with an annual payroll of $15 million to $20 million per year.