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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Orenada | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-2-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Orenada deposit at the Orenada project. Drilling results incl. 3.95m @ 21.32g/t Au from 151.85m. Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) (“AZX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Philippe Berthelot (Internal) | |
| ABSTRACT: | Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to report the first results received from its current drill program at Orenada Zone 4 in Val d’Or, Quebec. These results include high grade assays of up to 42.50 g/t Au over 1.50m, part of a wider zone assaying 30.52 g/t Au over 2.65m. Visible gold was observed in four veins between 150.00m to 190.00m. Results confirm multiple high-grade gold-quartz veins and vein sets to the west of recently-drilled Alexandria drill holes. Eric Owens, President and CEO of Alexandria, states, “This is a great start for our 2017 winter program. We have already shown growth along strike and beneath previously tested flatsouth-dipping, gold-bearing veins. We expect further positive results as we progress, and anticipate that, as a result, our 12,500m drill program will grow larger.” Alexandria has embarked on a 12,500m drill program, with focus on Zone 4 and the nearby Triangle Too targets. Currently one drill rig is operating, at Zone 4, testing the extent and grade of recently recognized multiple highgrade, gold-quartz veins within the altered and gold-bearing Cadillac Break shear zone. A second drill rig will arrive in the near future to begin a drill program on the Company’s Triangle Too program, a grass-roots program to test for stacked high grade veins 1-2 km northwest of Zone 4. | |
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