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alexandria minerals corp (AZX) Snapshot

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alexandria minerals corp (AZX) Details

Alexandria Minerals Corporation, a development stage company, acquires, explores, and develops mineral resource properties in Abitibi Belt in northern Quebec and Ontario, Canada. The company explores for copper, gold, silver, and zinc ore deposits. It primarily focuses on exploring the Cadillac Break property group consisting of 662 claims in Val d’Or, Quebec. The company was founded in 2002 and is headquartered in Toronto, Canada.

Founded in 2002

alexandria minerals corp (AZX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$168.0K
Chief Financial Officer
Total Annual Compensation: C$104.9K
Compensation as of Fiscal Year 2013.

alexandria minerals corp (AZX) Key Developments

Alexandria Minerals Corporation Identifies New Drill Targets on Western Cadillac Break Properties

Alexandria Minerals Corporation reported on its ongoing 10,000 m drill program on its Akasaba, Orenada, Ducros and Oramaque projects in Val d'Or, Quebec. A principal goal of this program is to expand gold-base metal mineralization beyond its resource base at Akasaba by testing significant new geophysical and geologic targets. The drilling campaign is in its early stages, currently on the company's Akasaba project in Val d'Or, where it is testing geophysical anomalies in and along strike with the Akasaba Mine, where the company discovered and built significant gold-copper resources over the period of 2010-2014. For the second half of the drilling program, company geologists are prioritizing drill hole targets on the Orenada, Ducros and Oramaque properties, located 6 km west of the Akasaba project, following the completion of a 69 km surface Induced Polarization survey in the winter. This portion of the drilling program will focus on testing IP targets coincident with known gold and base metal prospects in a geological environment very similar to that found at Akasaba, namely, in and around the edges of granitic intrusions. Historical drill hole assays from this area to be followed up on include the following: Hogg Zone - 0.14% Cu and 8.4 g/t Au over 10.2 m, Orenada Zone 5 - 1.0 % Cu and 1.9 g/t Au over 8.8 m, Ducros Zone 1 - 0.23% Cu over 209 m, including 185 ppm Mo over 164 m, Ducros Zone 2 - 0.49% Cu over 23.3 m, D'Aragon - 1.4% Cu over 6.7 m, East Porphyry Zone - 0.48% Cu and 0.19 g/t Au over 13.7 m, Faraday South - 9.3 g/t Au over 0.3 m. In addition to these prospects, potentially significant resources and past-producing mines also occur near the granitic intrusion, including the gold resources at Alexandria's Orenada Zones 2 and 4, as well as the past producing Mid-Canada Mine (77,778 tonnes grading 7.11 g/t Au and 0.21% Cu produced). Significantly, Alexandria is re-logging and re-sampling the core from a number of historic holes from previous explorers which have not previously been adequately sampled.

Alexandria Minerals Corporation Begins 10,000 M Drill Program in Val d'Or

Alexandria Minerals Corporation announced that it has begun a 10,000 m drill program intended to find more Akasaba-like gold-copper mineralization on the western half of its 35 km-long Cadillac Break property package in Val d'Or Quebec. Drilling has commenced with one drill rig in the Akasaba mine area, initially testing downhole geophysical anomalies below the Current Resources there, to be followed by testing a large, 1,000 m long and 650 m deep, Induced Polarization (‘IP’) anomaly east along strike with the mine area. The second half of this program will then focus on similar targets 5-6 km west of Akasaba, on the company's Oramaque, Ducros, and Annamaque projects. Alexandria geologists discovered significant gold-copper resources at Akasaba and the West Zone, which together make the fourth metal deposit in Val d'Or. In order to expand on this, Alexandria completed a series of surface IP surveys through Winter 2013-2014, covering 20 square-km (1,987 hectares) over 2 principal areas: the Akasaba-Valdora projects, and 6 km to the west on its Oramaque, Annamaque, and Ducros projects. Alexandria is encouraged that the geological characteristics observed at Akasaba underlie much of the western half of its 35 km-long Cadillac Break group of properties. One of the more potentially significant targets extends for more than 5 km, which hosts historical drill assay results such as on the Ducros property as 0.23% Cu over 209 m and 0.54% Cu over 56.6 m, including 1.6% Cu over 10.9 m. Original drill core sampling for gold by previous explorers was sporadic, and a program of re-sampling of selected historic drill holes is underway to determine gold content. The estimated budget for this drill program is $600,000, and Alexandria's cash and short term assets currently stand at $4,000,000. Program design, management, and Quality Control/Quality Assurance are governed by Alexandria's exploration group of which Philippe Berthelot, P.Geo, is the company's Qualified Person. Mr. Berthelot has reviewed this results. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101.

Alexandria Minerals Corporation Provides Update on its Activities on Cadillac Break Property Package in Val d'Or Quebec

Alexandria Minerals Corporation provided an update on its activities which will focus on a 10,000 m drill program on its Cadillac Break property package in Val d'Or Quebec. This drill program is intended to test targets developed from the company's geophysical and drilling activities completed this past winter and spring. Since last October 2013, Alexandria has completed a series of surface geophysical surveys covering 18 square-km (180 hectares). Additionally, Alexandria completed an 8,148 m drill program on its Akasaba, Valdora and Sleepy projects. All of these activities have provided Alexandria's geologists with an abundance of strong drill targets for the Company's next phase of drilling. The main objective of this work is to expand its exploration drilling program beyond Akasaba as it seeks to discover more gold-base metal mineralization similar to that underlying the Akasaba Au-Cu project. Alexandria geologists discovered a significant gold-copper resource at Akasaba which, in February 2013. Alexandria is encouraged that the geological characteristics observed at Akasaba also underlie most of the western half of its 35 km-long Cadillac Break group of properties. The Company further notes that the geology has similarities to that of the Bousquet-Doyon-La Ronde district, a 7 km-long gold district which has produced some 26 million ounces of gold 45 km west of Alexandria's properties.

 

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