NI 43-101 Independent Technical Report Mount ... - Adex Mining Inc.

NI 43-101 Independent Technical Report Rev 02 January 22 nd , 2010
Mount Pleasant North Zone Preliminary Assessment (Project 6526-03) 3-2
preliminary based on the conceptual process. Test programs to confirm the quality and quantity
(recoverability) of the products have not been completed at this time and are currently in
progress. Product specification requirement is based on published information, documents
purchased from Roskill (Roskill, 2004)) and general discussions with Amalgamet Canada and
Indium Corporation. The price or value for all products has not been based on definitive
agreements and source of pricing has been referenced by the study. In this respect, Thibault &
Associates Inc. has relied on the accuracy of published reports, historic metal pricing data/trends
and technical journals prepared by others.
3.6 Environmental Impact and Environmental Planning
Several studies have been completed over the last three years by Jacques Whitford - Stantec
including a conceptual reclamation plan study in 2008 for the Fire Tower Zone (as part of the Fire
Tower Zone Scoping Study completed by Aker Solutions, 2008). Thibault & Associates Inc. has
relied on the conceptual mine reclamation plan prepared by Jacques Whitford to define estimated
reclamation and mine closure costs for this assessment.
3.7 Other
Numerous equipment vendors (new and used) have provided budget costing for purchase of
major process equipment. Chemical suppliers have also provided budgetary costs for purchase of
reagents and chemical as required for development of the process operating costs. Competitive
bid pricing for equipment purchase, chemicals and consumables was not completed and pricing
is based on standard industrial requirements, commercial terms and technical specifications.
Adex Mining Inc. has provided information on general site administration expenses, proposed
labour rates and overhead, project directives and product marketing directives. Thibault &
Associates Inc. relied on this information without independent verification. The information is
considered reasonable for conceptual preliminary design and costing of the proposed process
technology.
Thibault & Associates Inc.
Applied Process Chemical Engineering