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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alexandria Minerals Corporation | TSXV:AZX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.045 | 0.045 | 0.05 | 0 | 01:00:00 |
Highlights
Eric Owens, President and CEO of Alexandria, stated, “These exciting results emphasize potential for both growth and grade at Zone 4. We are finding a very robust core area that extends 1,100 metres along strike, down to 300 metres at depth and continues to be open in all directions. Our ongoing geologic and resource modelling efforts are being confirmed and strengthened as results come in. With assay results pending for 70 holes, we expect further great results for the rest of the year.”
Current Resources compliant with National Instrument 43-101 at Orenada were originally estimated in 2009 for the upper 250 metres, at Zone 4 and Zone 2 (see Press Release, September 16, 2009). Alexandria’s 45,000 metre drill program in 2017 has intersected the gold vein system for more than 2.5 km along strike, centered around the Zone 4 open pit, an increase in strike length of more than 300% over the previously known dimensions. A new resource estimate is expected by January 2018.
Gold mineralization remains open along strike – to the east and west – as well as at depth. New drill targets are being evaluated in these directions, in anticipation of an active next phase drill program.
Next Steps:Focus continues to be on wrapping up the processing of the remaining core from 70 drill holes from the summer program, and ongoing geologic and resource modelling, with the aim of incorporating this information into a new resource estimate by January 2018.
Further details can be viewed in the addendum/appendix to this press release: http://bit.ly/2i5mEWZ
Analytical Procedures and QA/QC Program design, management, and Quality Control/Quality Assurance (QA/QC) are conducted by Alexandria’s exploration group under the supervision of Philippe Berthelot (P. Geo), who is the Company’s Qualified Person. Details of sampling procedure can be found in the addendum. Mr. Berthelot has reviewed the contents of this press release.
Further information about the Company is also available on the Company’s website, www.azx.ca, or our social media sites listed below:
Facebook: | https://www.facebook.com/AlexandriaMinerals | |
Twitter: | https://twitter.com/azxmineralscorp | |
YouTube: | http://www.youtube.com/AlexandriaMinerals | |
Flickr: | http://www.flickr.com/alexandriaminerals/ | |
LinkedIn: | http://www.linkedin.com/company/alexandriaminerals |
About Alexandria Minerals CorporationAlexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with strategic properties located in the world-class mining districts of Val d’Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria’s focus is on its flagship property, the large Cadillac Break Property package in Val d’Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.
WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
PLEASE CONTACTwww.azx.cainfo@azx.ca | Mary Vorvis Vice President, Corporate Developmentand Investor Relations (416) 305-4999 | Eric Owens President/CEO 416-363-9372 |
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