Alexandria intersects 12,48 g / t gold on 8,20 m at Akasaba and deepens the high-grade zone for another 100 m
May 30.05.2012, 9 Toronto, Ontario - Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A5,59D; US: ALXDF) announced today that it has had a high grade gold deposit at Akasaba in Val d'Or, Quebec with a drill intersection of 24,00 g / t Au over 11,59 meters (true width of 12,48 meters) including 8,20 g / t Au over 3,96 meters (true thickness: 100 meters) an additional 43 meters below the recently published NI 101-XNUMX compliant resource.
Diamond Well IAX-12-195 assay results represent a confluence of two of the main anastomotic corridors that make up the bulk of the current resource in the recently released NI 43-101 compliant resource report (see 17 May 2012 News Release) is now down to a vertical depth of 600 meters and is still open in different directions.
Eric Owens, President and CEO of the company, said: "The results at Akasaba are always improving. In the context of our geological model, a convergence of veins means that potentially higher ounces that exceed our resource grade underground could be detected. Akasaba remains our priority with regard to drilling and I would like to stress that the deposit remains open to the depth and along strike. "
Table 1. NI 43 101 compliant resource estimate for Akasaba
Findings from other low-level targets are listed in the 2 table below. The numerous gold bearing intercepts in the IAX-11-178, -182, -187, and -192 holes within and near the main mine horizon hosting the current resource testify to the project's pervasive and widespread gold distribution. Diamond drilling IAX-11-187 intersected 15,20 g / t Au on 0,51 meters in a vein within the Dazitstrom / Kuppeneinheit south of the main mine horizon. Other drilling has also intersected high grade mineralization within the geological unit; for example, hole IAX-10-65, which lies 600 meters east of hole 187, intersected 15,9 g / t Au on 0,3 meters (see news release from 3, March 2010).
Drilling results, which were lagging behind due to the final stages of the recently released NI 43 101 compliant resource estimate, will be released shortly.
Program design, program management and quality control / assurance are provided by Alexandria's Exploration Group, where Peter Legein (P.Geo.) And Eric Owens (P.Geo.) Are the Company's Qualified Persons. Mr. Legein and Mr. Owens reviewed the findings in this press release. The Quality Control / Assurance Program complies with NI 43 - 101 and industry standard practices and was previously included in the NI 43 - 101 Technical Report on the Cadillac Break Property (February 2008) and subsequent NI 43 - 101 compliant reports issued on on the corporate website or on www.sedar.com.
For more information about the Company, please visit the Company's website at www.azx.ca and our social media pages listed 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/
Table 2. Selected investigation results of deep drilling at Akasaba
About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company that owns one of the largest property packages along the popular Cadillac Break gold mining area in Val d'Or, Quebec. The company focuses primarily on developing its Akasaba and Sleepy projects. Alexandria's total resources from the Cadillac Break properties, which span a length of 35 kilometers, are 686.823 ounces of gold in the measured and indicated resource category and 718.688 ounces of gold in the derived category. Agnico-Eagle Mines Ltd. owns two active gold mines in the region and owns approximately 10% of the company.
Further information
PLEASE APPLY
Andreas Curkovic, Investor Relations
+1 416 577 9927
Eric Owens, President / CEO
+1 416 363 9372
www.azx.ca
[email protected]
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Disclaimer
WARNING: This news release may contain forward-looking statements. These include, but are not limited to, statements about the timing and content of future work programs, geological evaluations, acquisition of concession areas, potential mining practices, etc. Forward-looking statements relate to future events and circumstances and are therefore typically subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements. Alexandria Minerals Corporation cites forward-looking statements for exclusion of legal recourse.
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