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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-7-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 0.45m @ 375.0g/t Au from 245.65m. Toronto, Ontario, July 26, 2017 – Alexandria Minerals Corporation | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, July 26, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) announced assay results from nine step-out holes completed as part of its Winter-Spring drill program at Orenada Zone 4 in Val-d’Or, Quebec. These exploratory holes, which are the first-ever holes to test the area west of the Open Pit at Zone 4, extend the length of the near-surface gold vein system to 1,100 metres. Eric Owens, President and CEO of Alexandria, stated, “Ongoing exploration results like these continue to support our belief that the resource expansion potential at Zone 4 is exceptional. We have now significantly increased the footprint of the gold veins at Zone 4 from about 700 metres long at the beginning of this year, to 1,100 metres long. We anticipate further growth with our current 30,000 metre summer drill program, which encompasses both Zone 4 and the west exploration area, as well as Zone 2, some 800 metres east of the Zone 4 Open Pit.” The veins and geology intersected in these widely-spaced, first-pass exploration holes are similar to those veins drilled in the better-defined Open Pit area of Zone 4. At Zone 4, gold occurs in multiple, flatlying high grade veins and veinlets, locally deformed, surrounded by lower grade alteration haloes (“envelopes”). | |
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