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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 25.55m @ 2.04g/t Au from 145.95m. Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Philippe Berthelot (Internal) | |
| ABSTRACT: | Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to report on the assay results from 3 recent drill holes at Orenada Zone 4 which enlarge the size of the shallow gold vein sets, with assay results up to 22.40 g/t over 1.25 meters. Eric Owens, President and CEO of Alexandria, stated, “These results are important as they continue to expand the vein sets and affirm the continuity of gold mineralization within the veins that we have seen in our drill holes over a 1,100 meter strike length. We are anticipating a regular stream of assay results in the coming weeks as they become available.” Diamond Drill Hole OAX-17-98 was completed below the open pit, some 300 meters west of hole 92. Hole 98 intersected 4 high-grade veins in the target horizon, which the hole crossed between 100-200 meters depth. High grade intersections include: 3.92 g/t gold over 7.55 meters, including 14.40 g/t gold over 1 meter, and 5.22 g/t gold over 5.80 meters, including 8.41 g/t gold over 1.30 meters. Assays are pending for a further 9 holes completed under the pit, including one hole, DDH OAX-17-101, on the same section as hole 98. Hole 98 deepens the vein sets beneath the pit by at least 50 meters, and further to the west by 100 meters, relative to previously identified drill hole intersections. Based on assays, such vein sets have been identified over 500 meters along strike in the upper 250 meters depth, to over 700 meters long when deeper zones are included. Visual examination of drill holes with assays still to come suggests the veins continue beyond the holes reported here. | |
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