AXD Alexander Mining

Alexander ('Alexander' or the 'Company') (TSX VENTURE:AXD)(AIM:AXM) and
Firestone Ventures Inc. ('Firestone') (TSX VENTURE:FV)(FRANKFURT:F5V) are
pleased to announce that Firestone has decided to advance investigating the use
of AmmLeach(R) at its Torlon Hill project in Guatemala. Firestone is in
discussions with Alexander on proposals for further bench-scale work, column
testing and a demonstration test plant designed to test further the application
of the AmmLeach(R) process.  


This follows on from Firestone's extensive preliminary metallurgical testwork on
the Torlon Hill deposit using a variety of methods. In June 2011, the summary
findings of a study ('Study') by consultant David Lunt of Stirling Process
Engineering ('Stirling') investigating the use of AmmLeach(R) for processing
material from Firestone's Torlon Hill property were announced.  


The Study supported a conceptual flow sheet using the AmmLeach(R) process in a
heap leaching, solvent extraction and steam stripping process to produce a zinc
oxide product. In addition, the adoption of heap leaching would eliminate the
need for milling, agitation leaching equipment and solid-liquid separation. As a
result, significant cost savings should be possible using AmmLeach(R),
especially since no on-site acid plant is required.  


Martin Rosser, CEO of Alexander, said: 

"We are delighted that Firestone has selected AmmLeach(R) as its preferred
processing method option at Torlon Hill, as well as for other potential
Guatemala sources of feedstock. We greatly look forward to working with
Firestone to advance its project." 


Forward Looking Statements 

This news release may contain forward looking statements, being statements which
are not historical facts, including, without limitation, statements regarding
potential mineralization, exploration results, resource or reserve estimates,
anticipated production or results, sales, revenues, costs, "best-efforts"
financings or discussions of future plans and objectives. There can be no
assurance that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are subject to
numerous risks and uncertainties that could cause actual results and future
events to differ materially from those anticipated or projected. Important
factors that could cause actual results to differ materially from the Company's
expectations are in Company documents filed from time to time with the TSX
Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. The Company disclaims any intention or obligation to
revise or update such statements unless required by law.

Alexander Mining (TSXV:AXD)
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부터 5월(5) 2024 으로 6월(6) 2024

Alexander Mining (TSXV:AXD)
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부터 6월(6) 2023 으로 6월(6) 2024