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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 2 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-3-2018: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 2 deposit at the Orenada project. Drilling results incl. 29.2m @ 2.97g/t Au from 21.8m. The assay results from the first fourteen diamond drill holes complet | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillippe Berthelot (Internal) | |
| ABSTRACT: | The assay results from the first fourteen diamond drill holes completed on the 2017 program at Orenada Zone 2 on the Company’s Orenada property in Val D’Or, Quebec are included in this pressrelease. During 2017 the company drilled 27 holes for 8,150 m on Zone 2 and the results from the first twelve in-fill and two step-out drill holes confirmed the continuity of gold mineralization within Zone 2, and extended mineralization to the west by 100 m. Orenada Zone 2 is located 400 m east of Zone 4. Gold mineralization at Orenada Zone 2 is hosted in quartz-tourmaline veins and veinlets adjacent to the Cadillac Break Shear Zone. The gold-bearing veins and associated tourmaline alteration zones occur in the schistose sediment unit as well as in the adjacent tuffaceous unit unlike Zone 4 where mineralization occurs principally in the tuff horizon. The main quartz-tourmaline veins are oriented sub-parallel to the vertical schistosity while the remaining veins are sub-horizontal and cross cut the schistosity. The drilling has defined four sub-parallel and sub-vertical gold envelopes around the veins which occur oblique to the schistosity and have a strike length of over 400 m. The alteration envelopes range in thickness from 2.00 m to 15.00 m and were intersected up to 400 m vertical depth. Alexandria has completed 43,500 m of drilling over the past 14 months in 170 drill holes for the new pending updated resource estimate, focusing on the stacked vein sets at Orenada Zone 4 and the nearby Orenada Zone 2. The updated resource estimate is currently in progress and is expected to be completed before the end of the first week of April 2018. | |
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