Alexandria Minerals Corporation Reports Results of its Winter 2012-2013 Drilling Program
May 15 13
Alexandria Minerals Corporation reported on the results of its winter 2012-2013 drilling program on the company's Sleepy project located in Val d'Or, Quebec. A total of five holes were completed in the program with the most significant results from hole DDH SAX-13-025, in which multiple intervals of gold were intersected approximately 100 m west of hole DDH SAX-11-005, the previous deepest gold intersection that assayed 11.28 g/t Au over 3.3 m (True Width). DDH SAX-13-025 intersected 2 separate gold bearing intervals in the Sleepy Zone as follows: 573.60-593.60m 3.82 g/t Au and 3.83 g/t Ag over 20.00m (13.31m True Width, "TW"), including 576.60-583.60m 6.65 g/t Au and 7.99 g/t Ag over 7.00m (4.65 m TW), and 588.60-592.60m 5.73 g/t Au and 1.70 g/t Ag over 4.00m (2.67 m TW) and 601.30-605.30m 6.92 g/t Au and 10.98 g/t Ag over 4.00m (2.65 m TW), including 601.30-602.30m 26.50 g/t Au and 42.00 g/t Ag over 1.00 m (0.66 m TW).
Alexandria Expands Akasaba West Gold-Copper Zone to the West and Down Dip, Intersects 81.65 m grading 0.53 g/t Au and 0.30% Cu in Step-Out Drilling
Apr 9 13
Alexandria Minerals Corporation reported on follow-up drill results from the West Gold-Copper Zone on its Akasaba Project in Val d'Or, Quebec. Diamond Drill Hole IAX-13-232 intersected 163.90 m grading 0.36 g/t Au and 0.20% Cu, including 81.65 m grading 0.53 g/t Au and 0.30% Cu. This hole tested the target zone 50 m below the Current Resource and shows that significant gold-copper mineralization continues at depth below the resource. A second hole, IAX-13-234, intersected 41.00 m grading 0.22 g/t Au and 0.16% Cu, is encouraging because it suggests the gold-copper zone expands at depth 200 m below the surface, enlarging the West Zone to 500 m long along strike. The West Gold Copper Zone hosts Inferred Resources of 14,863,740 tonnes grading 0.69 g/t Au and 0.41% Cu, for a Gold Equivalent grade of 1.40 g/t Au. Eq. (Gold plus the value of copper expressed in g/t Au). The new holes expand the West Zone to 500 m long, 350 m deep and 60 m wide, and remain open at depth and to the west. The company has completed its wintertime drilling program and will be receiving further assays from its Akasaba and Sleepy projects. A total of 21 drill holes were completed during the winter, for 9,421 m. In the coming months, work will begin on in-fill drilling of the Company's open pit resources at Akasaba and secondarily, at Orenada, in order to upgrade these resources.
Alexandria Minerals Corporation Provides an Updated Resource Estimate at its 100%-Owned Akasaba Property in Bourlamaque Township
Feb 7 13
Alexandria Minerals Corporation provided an updated resource estimate at its 100%-owned Akasaba property in Bourlamaque Township, Val d'Or, Quebec. The new mineral resource estimates, which are National Instrument 43-101 compliant, were completed by independent Qualified Person Christian D'Amours of Geopointcom in Val d'Or, QC. Indicated resources total 254,132 ounces of gold, up 9% over the previous NI 43-101 estimate, comprised of the following: Underground: 653,929 tonnes grading 5.79 g/t Au, Main Open Pit: 3,009,214 tonnes grading 1.37 g/t Au. Inferred resources total 620,612 ounces of gold and 61,255,885 kilograms (134,762,947 lbs.) of copper, equivalent to 342,108 ounces of gold, up 263% over the previous year's estimate, and consists of the following: Underground: 1,537,973 tonnes grading 5.51 g/t Au, Satellite Open Pit: 285,374 tonnes grading 1.76 g/t Au - West Zone Open Pit: 14,863,740 tonnes grading 0.69 g/t Au and 0.41% Cu. The West Gold-Copper Zone is a zone of disseminated gold-copper mineralization located on the main mine trend 1600 m west of the past-producing Akasaba Mine, where the underground resources are located. As defined by drilling, the West Zone is some 400 m long, 300 m deep, averages 60 m wide, and is open at depth. Of the 51 holes, 40 holes have been included in the new 43-101 update and 11 holes are awaiting assay results. A total of 176 holes for 61,120 meters of drilling has been completed to-date on the project since Alexandria first began its initial drill program in 2009. Resources now extend for more than 2,000 m along strike and 600 m to depth, a 10 fold increase in size since 2009, with potential for growth in all directions. The Akasaba Mine reportedly produced some 282,000 tonnes grading 5.14 g/t Au from 1961-1963 (approximately 40,000 ounces of gold, and 10,000 ounces of silver). The deposit occurs within sheared mafic- intermediate volcaniclastic rocks stratigraphically below a massive dacite, about 600 m north of the Cadillac Break shear zone, and 2 km east of the Callahan diorite intrusive stock.