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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-5-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 13.85m @ 8.99g/t Au from 104.35m. Toronto, Ontario, May 10, 2017 – Alexandria Minerals Corporation ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Philippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, May 10, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to present assay results from Diamond Drill Holes (“DDH”) OAX-17-100 and OAX-17-99, which were completed below the open pit at Zone 4, in Val d’Or, Quebec. Notably, OAX-17-100 intersected multiple high grade gold veins and their associated alteration envelopes between 39.30 meters and 256.00 meters depth, assaying 2.84 g/t gold over 217.00 meters. Eric Owens, President and CEO of Alexandria, stated, “These are the best results we have received to-date at Zone 4, and we are especially pleased that they have come from a previously untested area. This gives us great encouragement and confidence in the potential for growth, as we are still waiting for assay results from 22 holes, including 10 step-out holes west of the open pit.” Both Holes OAX-17-099 and OAX-17-100 were completed below the east end of the Zone 4 Open Pit (Figures 1 and 2). This program is aimed at exploring for and expanding the high-grade gold-quartz veins at Zone 4, first recognized in 2015. These veins and veinlets often occur in clusters, and typically have a shallow, south-dipping, orientation within the steeply, north-dipping Cadillac Break shear Zone. The recently-completed drill holes at Zone 4 are from the first round of drilling by Alexandria to test for the southdipping veins, and is focused on the upper 250 meters of depth. | |
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