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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-3-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 17.10m @ 8.4g/t Au from 143.90m. Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfur | |
| 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 assay results from Diamond Drill Holes (“DDH”) OAX-17-090 and OAX-17-088, expanding the near-surface high grade gold veins at Orenada Zone 4, in Val d’Or, Quebec. Eric Owens, President and CEO of Alexandria, stated, “We are thrilled with the success of the early stages of our 12,500 m drill program at Zone 4. This provides further evidence for the continuation of a lateral high-grade envelope in the vicinity of DDH OAX-17-088 and DDH OAX-17-090. Our ongoing drill program is designed to focus on the upper 250 meters below glacial overburden, which has seen little prior drilling. We are eager to continue drilling in this untested zone, as we expect this to expand the size of Zone 4 at a high grade with the potential for an open pit.” These holes are part of a group of 16 holes testing shallow targets over a 400 meter length from the open pit eastward. The assay results from these holes have extended the high-grade vein sets into new areas. Greater confidence for the lateral continuity of the veins is also added, as is an increase in the volume and grade. Untested areas extend east and west along strike and to depth, creating growth potential. Assays are pending for 10 holes testing similar targets. | |
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