For thousands of other reports visit RSC's Mineral Intellingence Map
Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Orenada | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/10/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-11-2016: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Orenada deposit at the Orenada project. Drilling results incl. 52.9m @ 1.24g/t Au from 205.0m. Toronto, Ontario, November 10, 2016 – Alexandria Minerals Corporat | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Philippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, November 10, 2016 – Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to announce assay results from two holes of its recently completed 11-hole drill program on its Orenada project in Val d’Or, Quebec. The holes intersected multiple high-grade veins with assays up to 9.48 g/t gold over 1.3 meters. These holes are part of the first drill program testing a new geologic model developed after discovering and verifying south-dipping, high-grade veins at Orenada Zone 4. The distribution, continuity and extent of these veins have potential importance for the grade and size of future resource estimations. The veins were first recognized from underground mapping at Zone 4, and were verified by a two-hole drill program in 2015. Diamond Drill Hole OAX-15-54 from that 2015 program intersected multiple veins, with results such as 17.0 g/t gold over 3.4 meters, including 131 g/t gold over 0.4 meters, and 15.2 g/t gold over 1.6 meters (see Press Release, April 30, 2015). In the current drill program at Zone 4, drill hole OAX-16-79 also intersected multiple veins, with assays up to 8.01 g/t gold over 0.9 meters and 7.05 g/t gold over 0.5 meters, within two broad mineralized envelopes grading 1.24 g/t gold over 52.9 meters and 1.15 g/t gold over 25.8 meters (see Table 1 below). An in-fill hole, OAX-16-79 was designed to aid the correlation of veins with veins in previous holes to help create a more robust geologic model. Assays are pending for four other drill holes at Zone 4, which are step-out holes, designed to discover new gold mineralization outside the current gold mineralization boundaries. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report