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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Orenada | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Orenada deposit at the Orenada project. Drilling results incl. 11.5m @ 1.2g/t Au. Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) (“AZX” or the “Comp | |
| 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 on the final 4 drill holes of last quarter’s drill program at Orenada Zone 4. The results of these 4 drill holes extend the known strike length of the stacked, high-grade gold-quartz veins by 200 meters. Eric Owens, President and CEO of Alexandria, “These results show the potential for growth of the gold deposit at Zone 4. These holes hit gold in an underexplored area, and deeper than previous holes. We expect our much larger current drill program to provide even greater detail and growth.” The results of these four holes at Zone 4 (see Table 1 below) indicate the eastward continuation of the stacked vein sets from the main body of Zone 4 gold mineralization, into an area with little previous exploration. In addition, the four holes tested deeper targets, in this case down to 400 meters in depth on the eastern flank of the Zone 4 gold deposit. Alexandria is drilling a 12,500 meter winter drill program which has begun at Zone 4. The Zone 4 drilling is aimed at better establishing the size, volume and grade of high-grade gold veins and vein sets there. The gold-quartz veins and veinlets occur in clusters within the Cadillac Break Shear Zone and adjacent rocks (Figure 1). The veins and vein sets, together with their gold-bearing alteration envelopes, dip shallowly to the south within the more broadly steeply dipping shear zone. | |
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