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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 77.35m @ 2.06g/t Au from 143m. Toronto, Ontario, October 11, 2017 – Alexandria Minerals Corporation | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 11, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) today announced assay results from its summer 30,000 m drill program at Orenada near Val d’Or, Quebec. The purpose of this drill program is to provide an updated resource estimate in the coming months. The five drill holes reported here are located within 100 m east of the open pit at Orenada Zone 4. They are part of a detailed drilling program intended increase confidence in the continuity and volume of gold mineralization in the upper 250 m. Eric Owens, President and CEO of Alexandria, stated, “We are extremely pleased with these results and the progress to-date. The shallow occurrence of the multiple, flat, high-grade gold veins together with their intervening, gold-bearing wallrock make a great bulk tonnage target. These wide intersections will add to the gold grades that we have already been building, and we are anticipating further strong assays in the coming weeks and months.” The company has now completed its drill program at Orenada Zone 4 and Zone 2, which began in June 2017. A total of 124 holes were drilled in this program, for 32,280 m, with assay results pending for about 80 holes. Drilling has now identified the gold veins over two kilometers along strike, open to the east and west, and up to 300 metres deep, also open below this depth. Interpretation and modelling of the gold deposit is underway, which aims at a new resource estimate by January of 2018. Gold mineralization at Orenada Zone 4 is located in the Cadillac Break shear zone, associated with two vein sets: an earlier folded, schistosity-parallel set, which is cross-cut by a later, low angle and relatively Page 2 undeformed vein set. The veins are principally developed in a deformed and altered tuff, occasionally extending beyond the tuff contacts. | |
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