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Adex Mining Inc V.ADE

Alternate Symbol(s):  ADXDF

Adex Mining Inc. is a Canadian junior mining company. 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. The Company holds 100% of the subsurface mineral rights to approximately 1,600 hectares encompassing the Mount Pleasant mine area of New Brunswick, Canada approximately 60 km south of Fredericton approximately 100 km northwest of deep seaport facilities located at Saint John. The Company, through its subsidiary, Adex Minerals Corp., holds claims under Prospecting License 14338. Within the mineral rights area, the Company owns approximately 405 hectares of land. Also, within the mineral rights area there are two distinct poly-metallic mineral deposits, the Fire Tower Zone (FTZ) and the North Zone (NZ). The principal metals include tungsten and molybdenum in the FTZ and tin, indium and zinc in the NZ.


TSXV:ADE - Post by User

Bullboard Posts
Comment by 123con Apr 03, 2018 5:20pm
84 Views
Post# 27824295

RE:What would the benefit of a partnership with Goldstar be?

RE:What would the benefit of a partnership with Goldstar be?Goldstar has nothing except claims and some work on exploring their claims.  They do not have any "indicated" nor "inferred" resources so they are a long long way from mining.  They also have limited capital so there is nothing that they would currently be bringing to a tie up with ADEX other than if they did find metals in adjoining areas, they might be interested in processing them at ADEX facilities at the end of ADEX mine life, or earlier if economically advantageous.   If they have the ability to raise cash, and are motivated to get going on mining, they might offer a buy out, but it doesn't look like they have that kind of money.   GH would want to recuperate their investment of $30-40 million and the development costs were estimated in 2012 as $130 million for the Fire Tower Zone and $ 71 million for the North Zone.  (Based on ADEX Jan 5 2012 presentation)
Bullboard Posts