Adex Mining CFO resigns

28th February 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America


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TORONTO ( – Canadian junior Adex Mining CFO Will Burton on Wednesday resigned to pursue a new opportunity.

Burton's resignation would be effective on April 12, and the company said it would immediately begin a search for a replacement.

Burton was involved with the company for seven years.

During November, the company’s interim president and CEO Linda Lam Kwan was placed on indefinite medical leave of absence without pay, although Lam Kwan continued to serve as a member of the board.

Chairperson Yan Kim Po assumed the duties of interim president and CEO while Adex undertakes a search for a president and COO, who would have operational responsibility for the Mount Pleasant mine.

During October, Mining Weekly Online reported that the New Brunswick Department of Environment and Local Government granted Adex Mining an updated approval to operate the dormant Mount Pleasant mine site, which the Toronto-based junior intended to restart.

The Mount Pleasant property includes the tin/indium/zinc North zone and the tungsten/molybdenum Fire Tower zone, which Adex plans to develop first, owing to the resource being better understood.

The updated approval gave the company permission to treat wastewater from the flooded underground mine shafts and undertake exploration activities, which included operating metallurgical bench or pilot-scale mill tests, and other care-and-maintenance activities.

However, the approval did not yet authorise Adex to dewater or operate the underground mine or operate a surface concentrator plant.

Edited by Creamer Media Reporter


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