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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 27.45m @ 4.36g/t Au. Toronto, Ontario, September 14, 2017 – Alexandria Minerals Corporation (TSX-V: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, September 14, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) today announced positive assay results from 13 drill holes, totaling 3,271 m of drilling, completed at Zone 4 from the Company’s ongoing 30,000 m drill program on its Orenada project in Val d’Or, Quebec. The results continue AZX’s efforts to expand the gold deposit there, and will be incorporated into an updated 43-101 resource estimate later this year. Eric Owens, President and CEO of Alexandria, stated, “The results from these drill holes reinforce our opinion of the growth potential of the gold deposit at Zone 4. These new drill holes have confirmed our interpretation regarding structural setting of the deposit, and add support to our thoughts on potential size. With our ongoing drill program, we anticipate further strong drill results in the coming weeks, and are on track to complete a new resource estimate later this year.” Drilling to-date has resulted in the identification of multiple, near-surface gold zones, characterized by elevated concentration of sub-horizontal gold-quartz veins hosted in highly deformed volcanic rocks. The gold zones have been intersected over 1.1 km along strike at Zone 4, with widths up to 75 m across strike, and have been tested down to 300 m depth. The deposit remains open along strike and at depth. | |
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