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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 35.7m @ 4.28g/t Au from 223.3m. Toronto, Ontario, October 26, 2017 – Alexandria Minerals Corporatio | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 26, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to announce the assay results from 10 holes completed in its detailed summer drill program at Orenada Zone 4 near Val d’Or, Quebec. The reported results further confirm robust gold mineralization east of the Zone 4 open pit over a 250m strike length. These results, once again, expand high grade gold mineralization east beyond the limits of the 2009 resource estimate. Eric Owens, President and CEO of Alexandria, stated, “These exciting results emphasize potential for both growth and grade at Zone 4. We are finding a very robust core area that extends 1,100 metres along strike, down to 300 metres at depth and continues to be open in all directions. Our ongoing geologic and resource modelling efforts are being confirmed and strengthened as results come in. With assay results pending for 70 holes, we expect further great results for the rest of the year.” Current Resources compliant with National Instrument 43-101 at Orenada were originally estimated in 2009 for the upper 250 metres, at Zone 4 and Zone 2 (see Press Release, September 16, 2009). Alexandria’s 45,000 metre drill program in 2017 has intersected the gold vein system for more than 2.5 km along strike, centered around the Zone 4 open pit, an increase in strike length of more than 300% over the previously known dimensions. A new resource estimate is expected by January 2018. | |
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