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Alexandria Minerals Corp.
Summary
| Project: | Cadillac Break | |
|---|---|---|
| Deposit: | Triangle Too | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2016: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Triangle Too deposit at the Cadillac Break project. Drill assay results received with results between 0.3g/t Au - 1.29g/t Au. Toronto, Ontario, October 11, 2016 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 11, 2016 – Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to announce the discovery of 2 diorite plugs, the important rock type which hosts gold at the nearby Triangle Deposit, in the Company’s first-ever drill campaign hunting for such deposits on its Cadillac Break Property package in Val d’Or, Quebec. The key geologic features which host gold resources at the neighboring Triangle Deposit (the host-rock diorite plugs, gold-bearing quartz veins, and shear zones) were identified in six out of seven shallow drill holes. The gold-quartz veins are hosted within and near the diorite plugs, and contain minerals that are indicative of goldbearing veins throughout the Val d’Or region: tourmaline, pyrite, and chalcopyrite, amongst others. Eric Owens, President and CEO, said: “We are excited with these highly encouraging results from a very early stage exploration program, and they will guide us in our planning for the follow-up drill program. The follow-up campaign will include deeper targets on the new plugs, as well as untested geophysical targets.” Assays have now been received from all holes of this first program, and five of the seven holes reported between 0.3 g/t gold and 1.29 g/t gold from veins within and near the plugs. These two new plugs were found by testing geophysical anomalies, the size limits of which are as yet unknown. | |
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