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Alexandria Minerals Corp.

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Summary

Project:

Orenada

Deposit:Zone 4
Location:Canada
Commodities:Gold
Date:8/2/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:2-8-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 10.45m @ 4.21g/t Au. Toronto, Ontario, August 2, 2017 – Alexandria Minerals Corporation (TSX-V: AZX;
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Phillippe Berthelot (Internal)
ABSTRACT:Toronto, Ontario, August 2, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) today announced excellent assay results from the final eight holes of the Company’s winter-spring drill programme at Orenada Zone 4, which is located seven kilometres southeast of Val d’Or, Quebec. These assays include 4.21 g/t gold over 10.45 metres in DDH OAX-17-89, with near-surface intersections such as 53.40 g/t gold over 0.50 metres. “These latest high-grade gold assays continue to confirm our belief in the enormous exploration upside at our flagship property in this highly prolific mining region,” said Eric Owens, President and CEO of Alexandria. “Our summer drill program is underway and has rapidly expanded upon our very successful winter drill program. We have enlarged and better defined the high grade vein system there, extended those veins to 1,100 metres in length, deepened them by 150 metres below the pre-existing resources, discovered additional high-grade vein sets, and begun building across-strike volume. We are very confident that our summer drill program will deliver further growth, contributing to a new resource estimate by the end of the year. Our expectation is that our new resource estimate will be more than double our existing resource estimate from 2009.”

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