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Alexandria Minerals Corp.
Summary
| Project: | Orenada | |
|---|---|---|
| Deposit: | Zone 4 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2017: Alexandria Minerals Corp. announces an Exploration/Drilling Update report for its Zone 4 deposit at the Orenada project. Drilling results incl. 4.55m @ 52.83g/t Au from 212m. Toronto, Ontario, December 5, 2017 – Alexandria Minerals Corporation | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillippe Berthelot (Internal) | |
| ABSTRACT: | Toronto, Ontario, December 5, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; OTCQB: ALXDF; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to announce the results from 10 shallow in-fill diamond drill holes covering 300 m of strike length at Orenada Zone 4, part of the ongoing exploration program leading to an updated Resource Estimate in the first quarter of next year. Eric Owens, President and CEO of Alexandria, stated, “Our drill holes continue to yield great assay results, including one of the highest assays yet at Zone 4 of 366 g/t gold over 0.65 m. The results are providing us with greater confidence and detail for our upcoming resource estimate. As follow-up to the expected resource estimate early in the New Year, we are planning a wider-scale 2018 drill program which will build on the success of our summer drill program by expanding both the number of drill rigs as well as the target area, to cover more than 5 km of targets.” The upcoming resource estimate will build upon the Current Resources, previously calculated in 2009 (see Press Release, September 16, 2009), based on a new geological model which incorporates a previously unrecognized suite of flat-lying gold veins and their importance to the grade of the deposit. | |
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