Alexandria Provides Update of Activities
June 11 2014 - 10:06AM
Marketwired
Alexandria Provides Update of Activities
TORONTO, ONTARIO--(Marketwired - Jun 11, 2014) - Alexandria
Minerals Corporation (TSX-VENTURE:AZX) (FRANKFURT:A9D) (PINKSHEETS:
ALXDF) is pleased to provide 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 (Induced Polarization, "IP") surveys covering
18 square-km (180 hectares). These surveys were conducted over
Alexandria's Akasaba, Valdora, Oramaque, Annamaque, and Ducros
projects, as well as a downhole, Hole-to-Hole IP survey below the
historic Akasaba mine. 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, was the fourth largest deposit in Val d'Or.
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.
The IP surveys on the Akasaba Au-Cu project have already yielded
excellent drill targets below and along strike with the resources
in this vicinity. As such, the Company will begin drilling on these
targets in mid-June, with 6 new holes planned, as well as extending
3 pre-existing holes to depth. Company geologists continue to
interpret the rich geophysical results from the IP surveys covering
the western part of the property package at Ducros and Oramaque
with the expectation of identifying additional targets.
The Company continues to compile the more than 80 years of
exploration data on the property package, which is now more than
65% complete. This has allowed Company geologists to view and
reinterpret this information within a modern context as it plans
new drill targets.
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 the results in this press release. 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 reports found on the Company's website or on
www.sedar.com.
Further information about the Company is available on the
Company's website, www.azx.ca, or our social media sites 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/
About Alexandria
Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold
exploration and development company with one of the largest
portfolio of properties along the prolific, gold-producing Cadillac
Break in Val d'Or, Quebec. Global gold resources are distributed
between three projects on its Cadillac Break Property package,
Akasaba, Sleepy, and Orenada, the details of which can be found on
the Company's website at www.azx.ca. The Company is currently
focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd.,
with three producing gold mines in the region, owns roughly 9% of
the Company.
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.
Alexandria Minerals CorporationEric Owens, PGeo,
President/CEO416-363-9372Mary Vorvis - Vice-President Corporate
Development& Investor
Relations416-305-4999www.azx.cainfo@azx.ca
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