Alexandria intersects 142,5 g / t gold on 0,3 meters as part of its winter exploration drilling program in Val D'Or
TORONTO, ONTARIO– (February 20, 2014) - Alexandria Minerals Corporation (TSX VENTURE: AZX) (FRANKFURT: A9D) (PINKSHEETS: ALXDF) is pleased to announce its winter exploration activities, including assay results from its recent drill program on the neighboring Akasaba and Valdora concessions to report.
The winter activities included:
• 9.328 Meter drill program on adjacent Akasaba and Valdora projects;
• geophysical IP measurements (induced polarization) on approximately 79 line kilometers (744 hectares) in the area east and north of the Akasaba Mine; and
• IP surveying in and between the wells below the Akasaba mine site to help delineate deeper high grade mineralization in this zone.
Investigations of 8 drilling and final geophysical survey results are pending.
The results of the drilling program at Valdora-Akasaba are detailed in Tables 1 and 2 below. The following significant drill results are among the highlights of this drill program:
• 5, 29 g / t Au on 4,00 m, including 19,20 g / t Au on 1,00 m, in hole IAX-13-245, which expands the high-grade zone to a depth of 350 meters below the Akasaba Mine; and
• 2,81 g / t Au on 16,80 m, including 142,50 g / t Au on 0,30 m, in VAX-13-005 hole drilled as part of Alexandria's first major drilling program on the Valdora Project, located just north of the Akasaba project has been.
Eric Owens, President and CEO of Alexandria, said, "This is an excellent first step in our quest to gain an understanding of the size potential of the Akasaba geological system since we sold 14 mining claims to the Agnico Eagle Gold-Copper Property in the West Zone , We strongly believe that much more gold is to be found, as the geology underlying our projects is similar to the one in the Bousquet-Doyon-LaRonde district, where to date 26 has lost millions of ounces of gold. Our winter drilling and geophysical surveying programs are designed to help plan further future gold discoveries within this system. "
Alexandria's latest drill program focused on two (2) areas on the Akasaba property and three (3) zones on the Valdora project. At Akasaba, a hole (IAX-13-245) investigated the main mine horizon at a vertical depth of 350 meters below the Akasaba Mine and intersected 5,29 g / t gold over a core section of 4,00 meters (true width: 2,68 meters, see table 2) and thus extended the mineralization of the main mine horizon. The current resources at the Akasaba Mine are as follows:
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/Alexandria_210214_Deutsch.pdf
Elsewhere on the Akasaba property, two (2) holes have been drilled approximately 300 meters and an additional seven (7) holes have been drilled to test the eastern portion of Zone North for a strike length of 1 kilometers. The North Zone has similar geology to the main mine horizon, runs subparallel to it, and is located approximately 150 to 200 further north. All drilling intersected a large series of interspersed mafic rocks and intervening current and pyroclastic rocks that have blasted sulfide mineralization associated with low grade gold mineralization. This confirms the potential for near-surface targets with high tonnages. A hole (IAX-13-250) intersected 23,60 g / t gold on 0,65 meters. The assay results of four (4) holes are pending.
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/Alexandria_210214_Deutsch.pdf
This winter drilling program involved eight (8) drilling on the Valdora property just north of Akasaba. Drilling spaced from 100 to 200 meters apart, three sub-parallel shallow depth zones were investigated for low-grade gold mineralization associated with volcanic rock-borne sulfides and for high-grade gold mineralization in quartz-tourmaline veins in felsic and mafic intrusive rocks. In hole VAX-13-005, which yielded 142,5 g / t gold at 0,30 meters, visible gold intersected visible quartz carbonate veins bedded in quartz feldspar porphyry with fine dispersed pyrite in millimeters only. Investigations of four (4) holes intersecting mafic volcanic rocks in the Heva Formation, which show alteration and mineralization similar to the main zone at Akasaba, are pending.
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/Alexandria_210214_Deutsch.pdf
Alexandria is currently in the process of completing a nine-hole 4.000 Meter drill program at its Sleepy proprietary deposit. A hole will investigate the extension of the mineralized zone west of the fault along strike from SAX-11-009, which intersected 430 g / t gold at a vertical depth of 6,82 meters over a true 16,96 meter thickness. Three (3) holes will investigate deep targets 100 to 300 meters below the Sleepy Lake extension reached in the 2011 to 2013 years. 2013 extended the Sleepy Lake zone to a depth of about 200 meters below current resources, where SAX-13-025 6,65 g / t gold and 0,15% Zn on a true thickness of 4,65 meters and 5,73 g / t gold on a true Power of 2,67 meters intersected. The program will also test near-surface, Sleepy Lake comparable targets along strike and east of the deposit using five (5) 150 to 510 meter deep wells.
Current exploration activities also include IP geophysical surveys of significant portions of the Company's Oramaque-Orenada-Ducros and Annamaque-Sabourin (approximately 102 line kilometers, 1.046 hectares) properties. The surveys will focus on the metamorphic aureole west of the Callahan encampment at the Annamaque-Sabourin concessions and on the contact zone between the Depot Center Post and the Heva formation volcanic rock around the Cadillac Break area on the Orenada-Oramaque-Ducros property. It is acknowledged that this latest concession has multiple gold and gold-copper contributions as well as historical mining operations such as the Mid-Canada and East Sullivan mines.
The program design, program management and quality control / assurance is the responsibility of Alexandria's Exploration Group, of which Peter Legein (P.Geo.) Is the Company's Qualified Person. Peter Legein has reviewed the findings in this news release. All exploration work on the property will be under the supervision of Emilie Batailler (P.Geo.). The quality control / safety program complies with the NI 43-101 requirement and standard industry practices. Details of the quality control / assurance program are contained in the NI 43 101 Technical Report on the Cadillac Break Property (February 2008) and in the subsequent NI 43 101 compliant reports available on the Company's website or at www.sedar .com are included.
For more information, visit the company's website at www.azx.ca or visit our social media pages below:
Facebook: https://www.facebook.com/pages/Alexandria-Minerals-Corporation-AZXTSXV/186115074772628
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/
About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company that owns one of the largest concession portfolios along the well-known Cadillac Break gold mining area in Val d'Or, Quebec. In general, the gold resources are spread between three projects on the Cadillac Break concession: Akasaba, Sleepy and Orenada. Details can be found on the company's website (www.azx.ca). The company is currently focused on the Akasaba project. Agnico Eagle Mines Limited owns close to 10% of the company with two gold producers in the region.
CAUTION: This news release may contain forward-looking statements, including statements of the timing and content of upcoming work programs, geological interpretations, the receipt of ownership, potential mineral processing, etc. Forward-looking statements relate to future events and circumstances and are therefore typically risks and uncertainties subjected. Actual results may differ materially from those anticipated in such statements. Alexandria Minerals Corporation relies on its legal protection for forward-looking statements.
The TSX Venture Exchange and its regulators (referred to in the Articles of Association of the TSX Venture Exchange as Regulation Services Providers) accept no responsibility for the adequacy or accuracy of this announcement.
CONTACT INFORMATION Alexandria Minerals Corporation
Mary Vorvis
Corporate Development Director
+1 (416) 305-4999
Alexandria Minerals Corporation
Eric Owens, PGeo
President / CEO
+1 (416) 363-9372
www.azx.ca
Source: IRW-Press.com.
