Alexandria Minerals Corp

Published : March 07th, 2016

Alexandria Minerals Sees New Gold Potential at Orenada Through Zone 4 Study

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Alexandria Minerals Sees New Gold Potential at Orenada Through Zone 4 Study

TORONTO, ONTARIO--(Marketwired - Mar 7, 2016) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(OTC PINK:ALXDF)(A9D.F) is pleased to provide a summary of the results of its recent 3D geological modelling activities of the Orenada Zone 4 disseminated gold project in Val d'Or, Quebec.

Several important findings resulted from this study including:

  • The existence of a suite of low angle, high-grade gold-quartz veins, dipping at roughly 30°to the southwest within the Current Resources area, with recent assays up to 17.01 g/t gold over 3.4 meters
  • The previously unrecognized occurrence of these veins beyond the boundaries of the host shear zone, into the adjacent country rocks,
  • Significant volume through the identification of a series of envelopes of gold-bearing rocks around the veins, with gold grades 2 g/t or higher ("+2 g/t isoshells"), with widths between 8 m and 20 m, and
  • New targets have been identified outside of the traditional targets.

These results apply to the full limits of the study, or 300 meters along strike, which is the extent of the detailed drilling at Zone 4.

In short, the reinterpretation suggests potential for increasing the grade of the existing resources, as well as for discovering new high grade veins in and around the Orenada Zone 4 Current Resources. A complete review of the Current Resources at Orenada Zones 4 and 2 will be undertaken, in conjunction with confirmation drilling, which will allow further refinement of these models.

An animated clip visually summarizing this study can be viewed on the Company's website, or by clicking on https://youtu.be/CGCYD4cRx1k, or by visiting us at Booth # 2716 at the 2016 PDAC conference.

Eric Owens, President and CEO, stated, "These results open up new areas for drill testing within, below, and along strike with the Current Resources at Orenada. These also have important implications for possible future development since Orenada is located within 20 km of 5 under-capacity gold mills."

The Orenada gold project is a disseminated gold deposit located along the Cadillac Break shear zone, in the western portion of the Company's 35 km long Cadillac Break property package in Val d'Or, Quebec. Until 2015, the aim of exploration drilling was to test for bulk tonnage-style gold; and all prior drill holes were drilled to the south with this in mind. Some 71,175 meters of drilling were completed, and used in a Resource Estimate compliant with National Instrument 43-101:

Previously-Released Table of Current Resources at Orenada Zone 4 and Zone 2, Variable Cutoff, 0-250m depth
(September 16, 2009)
Measured Indicated Total Measured and Indicated Inferred Resources
Cut‐off (g/t) Tonnes Grade (g/t Au) Au (Oz.) Tonnes Grade (g/t Au) Au (Oz.) Tonnes Grade (g/t Au) Au (Oz.) Tonnes Grade (g/t Au) Au (Oz.)
1.0 2,592,133 1.81 150,478 2,006,202 1.83 118,050 4,598,334 1.82 268,528 2,478,674 1.56 124,248
0.7 3,463,009 1.57 174,316 3,339,422 1.44 154,088 6,802,431 1.50 328,405 3,598,358 1.34 155,089
0.5 3,969,955 1.44 184,150 4,551,341 1.21 177,244 8,521,296 1.32 361,395 4,708,810 1.16 175,596
0.3 4,329,383 1.36 188,844 6,027,277 1.01 196,097 10,356,660 1.16 384,942 5,546,540 1.05 186,447
Note: for resource estimation details, see Press Release dated September 16, 2009

The study, conducted by Val d'Or geological consulting group InnovExplo, reflected the recognition that high grade gold-quartz veins occur within the disseminated gold deposit, but little was known about them. Alexandria completed two holes at Orenada in early 2015, specifically aimed at better understanding their role and importance. This involved not only a change in drill hole orientation of from south to north, but also the use of downhole photographic and geophysical measurements to correlate the geological characteristics of drill hole walls with what was observed in the drill core.

These drill hole data were incorporated into GOCAD Mining Suite Software and used to construct 3 Dimensional models of the individual sections along which the two oriented drill holes penetrated, with additional incorporated detailed drill data from previous drill holes along these sections. Recognition of favorable geological attributes were then applied to the broader drill hole database at Orenada, and incorporated into GOCAD for creation of a broader 3 Dimensional model of Orenada Zone 4.

The main body of the Orenada Zone 4 Current Resources plunges moderately down the plane of the Cadillac Break shear zone. The InnvoExplo 3D study re-affirms this physical orientation, and identifies new targets. The first are intersection structures within the main body with trends outside of the Current Resources, where drilling has been limited. The second is in the upper and lower reaches of this plunging body, where the new study shows that gold-quarts veins occur in country rocks outside of the main shear zone.

The Company will be incorporating these findings into future drilling plans.

In other matters, the Company announces that Michael Pesner is stepping down as a member of the audit committee and from his role as Chair of the Audit Committee, to be replaced in that capacity on an interim basis by Walter Henry, currently Chairman of the Board of Directors. Mr. Pesner will stay on as a board member. These changes take place immediately.

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/AlexandriaMinerals/

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 important gold resources on one of the largest properties along the prolific, gold-producing Cadillac Break in Val d'Or, Quebec, additional gold-copper resources in the world class Snow Lake-Flin Flon mining district of Manitoba, and the notable Red Lake Mining District of northern Ontario.

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.

Read the rest of the article at finance.yahoo.com
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Alexandria Minerals Corp

EXPLORATION STAGE
CODE : AZX.V
ISIN : CA0151001009
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Alexandria Min. is an exploration gold and copper company based in Canada.

Alexandria Min. holds various exploration projects in Canada.

Its main exploration properties are SISCOE EAST, GWILLIM, ORAMAQUE, AKASABA, MATACHEWAN PROPERTY, QUEVILLON, ORENADA, SLEEPY ZONE, DUCROS, LOURMET and BLOC SUD WEST in Canada.

Alexandria Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 21.5 millions as of today (US$ 16.0 millions, € 14.3 millions).

Its stock quote reached its highest recent level on May 04, 2007 at CA$ 0.43, and its lowest recent point on April 18, 2019 at CA$ 0.02.

Alexandria Min. has 478 200 000 shares outstanding.

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Annual reports of Alexandria Minerals Corp
2008 Annual Report
Financings of Alexandria Minerals Corp
10/30/2012Announces $2,500,000 Financing
10/27/2011Closes $3,000,000 Financing
10/7/2011Alexandria Minerals Corporation Announces $3,000,000 Financi...
12/24/2009Closes Non-Brokered Private Placement
12/17/2009Announces $500,000 Non-Brokered Private Placement
5/22/2007Closes $3,169,660 Non-Brokered Portion of $7.75 Million Priv...
5/18/2007Closes $4.58 Million Brokered Private Placement
5/8/2007Increases Private Placement to $7,254,708
Nominations of Alexandria Minerals Corp
10/18/2012Appoints Robert Geis to Board of Directors
6/4/2008Appoints Ed Stuart to Board of Directors
Financials of Alexandria Minerals Corp
4/20/2011Provides Operational Summary for Third Quarter 2010/2011
Project news of Alexandria Minerals Corp
7/26/2017(Orenada)Expands Near-Surface Gold Veins to 1,100 Metres in Length at...
8/31/2016(Orenada)Alexandria Minerals Completes Phase 1 of Triangle Too Drill ...
8/10/2016(Orenada)to Commence 4000 Meter Drill Program on High Grade Targets a...
2/20/2014Drills 142.50 g/t Gold Over 0.3 m in Its Winter Exploration ...
1/14/2014Sells the 14 Claim West Zone Property to Agnico Eagle for $5...
10/8/2013(Akasaba)Begins Drilling at Akasaba, Val d'Or, Quebec
6/27/2013(Akasaba)Reports Wide Gold-Copper Intersections at Akasaba West Zone ...
4/9/2013(Akasaba)Expands Akasaba West Gold-Copper Zone to the West and Down D...
9/8/2011Intersects 6.66 g/t Au over 22.7m below 500m at Sleepy
6/15/2011(Akasaba)Intersects 6.73 g/t Au over 10.50 m at Akasaba
5/12/2011(Siscoe East)Niogold to Drill Alexandria's Siscoe East Project, Val d'Or
3/25/2011(Akasaba)Intersects 38.53 g/t Au over0.60m at Akasaba
3/3/2011(Sleepy Zone)Intersects 3.81 g/t Au over 14.00 m and Expands Sleepy Gold ...
3/1/2011(Sleepy Zone)Expands Gold Mineralization at Sleepy
2/23/2011(Akasaba)Intersects 1.32 g/t Au over 31.05m at Akasaba
2/15/2011(Akasaba)Drills 1.69 g/t Au over 36.09 m at Akasaba Increasing Shallo...
1/6/2011(Joannes)Completes $2.0m sale of Joannes Claims
2/17/2010(Akasaba) Expands High Grade Gold Zone at Akasaba, Val d'Or, Quebec
1/6/2010(Joannes)Aurizon Mines Reports First Resource Estimate at Alexandria'...
12/10/2009(Akasaba)Reports Drilling Progress at Akasaba
11/12/2009(Akasaba)Alexandria Releases New Trench Results At Akasaba Grading Up...
10/29/2009(Sleepy Zone) Increases Global Resources On Its Cadillac Break Properties...
10/15/2009(Siscoe East) to Participate in New Claims Adjacent to Siscoe East
9/16/2009(Orenada) Releases NI 43-101 Compliant Resource Estimate for Orenada ...
9/10/2009Multiple High Grade Gold =?ISO-8859-1?Q?=20Targets=20on=20it...
8/31/2009(Joannes)High Grade Gold Discovered on Alexandria's =?ISO-8859-1?Q?=2...
8/7/2009(Siscoe East)Drilling at Alexandria's Siscoe East Property Intersects 43=...
7/29/2009(Siscoe East)Siscoe East Property Update
7/8/2009(Akasaba)Discovers New Gold-Bearing Zones at Akasaba
6/26/2009(Akasaba)Extends High Grade Akasaba Gold Zone at Surface
6/8/2009(Joannes)Drills 9.0 g/t Gold over 1.0 m on Alexandria's Joannes Prope...
3/10/2009(Orenada) to Complete NI 43-101 Resource Estimates on Orenada and Sle...
2/17/2009(Joannes)Drilling Begins on Alexandria’s Joannes Township Property, Q...
12/3/2008(Matachewan Property)Begins Follow-Up Drilling on its Matachewan, Ontario, Proper...
3/18/2008(Sleepy Zone)Begins Drilling at Sleepy Property, Val d'Or, Quebec
2/19/2008Enlarges Its Matachewan, Ontario, Property
1/9/2008(Orenada)Drills 4.07 g/t Gold Over 8.65 m at Orenada 2, Val d’Or, Que...
12/20/2007(Orenada)Expands Gold Zone at Orenada 2 with 3.22 g/t Gold Over 3.90 ...
10/31/2007Extends Orenada 2 at Depth, Intersects 2.45 g/t Gold Over 13...
10/16/2007(Orenada) Increases Size of Orenada 2 with 8.15 m grading 11.44 g/t G...
8/15/2007(Orenada)Extends Orenada 4 with High Grade Drill Intersection
7/30/2007(Orenada)Intersects 40.4 Meters of 0.76 g/t Gold Near-Surface at Oren...
7/19/2007Intersects New Gold Zones in the Cadillac Break on the Airpo...
6/25/2007Drills Anomalous Gold on Joannes Property
6/6/2007(Orenada) Drills 3.35 g/t Gold Over 10.80 m on Sleepy, Val d'Or
5/24/2007(Orenada)Intersects Positive Exploratory Drill Results on Bloc Sud We...
5/10/2007(Orenada)to Purchase 100% of IAMGOLD Properties in Val d'Or
4/10/2007(Orenada)To Drill Sleepy Deposit, Cadillac Break Properties, Val d'Or
3/29/2007(Orenada)Intersects 21.37 g/t Gold over 4.05 m on Orenada Property, V...
Corporate news of Alexandria Minerals Corp
7/27/2016Alexandria Minerals Identifies Prospective Targets on Its “T...
6/24/2016Alexandria to Re-Start Drill Program on Its 100% Owned Trian...
6/22/2016Alexandria Minerals Increases Private Placement to $5.1 Mill...
6/13/2016Alexandria Minerals Closes First Tranche of Financing, Raise...
6/1/2016Alexandria Signs Memorandum of Understanding with Matchewan ...
5/30/2016Alexandria Minerals Announces $4 Million Private Placement
5/19/2016Alexandria Enters into Option Agreement with Quinto Real Cap...
4/13/2016Alexandria Drills Triangle Zone-like Targets on its Airport ...
3/22/2016Alexandria Geophysical Survey Reveals New Targets on the Fan...
3/7/2016Alexandria Minerals Sees New Gold Potential at Orenada Throu...
1/19/2016Alexandria Minerals Provides Update of Activities
1/11/2016Alexandria Minerals Announces Intention to Conduct a Normal ...
11/6/2015Alexandria Minerals Corporation Closes Second Tranche of Pri...
11/5/2015Alexandria Minerals Increases Financing to $1.875 Million
10/24/2015Sandstorm Gold Provides Asset Updates
10/23/2015Sandstorm Gold Provides Asset Updates
10/23/2015Alexandria Minerals Closes $1,000,000 First Tranche of Finan...
10/22/2015Alexandria Minerals to Raise $1.8 Million
10/5/2015Alexandria Files NI 43-101 Technical Report for Hudvam Proje...
8/19/2015Alexandria Increases Resources at its Hudvam Project in Flin...
8/5/2015Alexandria Engages FronTier Merchant Capital Group for Inves...
7/2/2015Alexandria Files WIM Technical Report on SEDAR
4/22/2015Alexandria Drills High Grade Gold Veins At Orenada, Includin...
4/1/2015Alexandria Review of Cadillac Break Property Geophysics Yiel...
3/19/2015Alexandria Provides Summary of Recently Acquired Assets and ...
3/19/2015Provides Summary of Recently Acquired Assets and Update of A...
3/16/2015Alexandria Minerals Acquisition of Murgor Resources Complete...
3/10/2015acquisition of Murgor Resources completed
3/10/2015Alexandria Minerals Acquisition of Murgor Resources Complete...
2/17/2015Alexandria Begins Drilling Copper-Gold Zone in Val d'Or
2/17/2015Begins Drilling Copper-Gold Zone in Val d'Or
2/2/2015Alexandria's Acquisition of Murgor Clears Quebec Superior Co...
2/2/2015Alexandria Minerals Corporation Closes Financing
2/2/2015Alexandria Minerals Corporation Announces $500,000 Financing
1/28/2015Alexandria's Acquisition of Murgor Clears Quebec Superior Co...
1/27/2015Murgor Resources obtains interim order for plan of arrangeme...
12/23/2014Alexandria Minerals Corporation to acquire Murgor Resources ...
12/23/2014to acquire Murgor Resources Inc.
12/9/2014Alexandria Files National Instrument 43-101 Technical Report...
1/10/2014Happy New Year from Alexandria Minerals
11/25/2013Expands West Zone by 100m With Wide Gold-Copper Intersection...
10/24/2013Annual General Meeting Brings Michael Pesner to Board
10/21/2013Closes Second Tranche of Private Placement for Gross Proceed...
10/18/2013Announces Increase in Private Placement to $1,026,000
9/11/2013Closes First Tranche of Financing
9/10/2013Announces $800,000 Financing
7/24/2013(Akasaba)Drilling Identifies New Target Zones North and South of Main...
5/15/2013Expands Sleepy Gold Deposit With Drill Intersection of 3.82 ...
3/28/2013Provides Update on Spring 2013 Activities
3/13/2013(Akasaba)Files Updated National Instrument 43-101 Compliant Resource ...
2/7/2013(Akasaba)Increases Indicated Resources 9% and Inferred Resources 263%...
1/17/2013Provides Winter Exploration Update
11/6/2012(Akasaba)Metallurgical Study Indicates 95% Recovery of Gold at Akasab...
4/5/2012A Cool 1.4 Million Ounces: Alexandria Minerals Crosses the G...
1/20/2012Mid-Day Breaking News From Alexandria Minerals and Galore Re...
11/25/2011Meet Alexandria at the San Francisco Hard Assets Show
9/15/2011Announces Agreement with NYC Radio, LLC
5/19/2011Third Drill Rig Arrives on Alexandria's Cadillac Break Prope...
4/12/2011(Akasaba)In-fill Drilling Intersects 7.44 g/t Au over 8.50 m at Akasa...
7/23/2010Engages Pollitt & Co. as Market-Maker
6/2/2010Featured on BNN Commodities Report
3/23/2010Announces $1,820,000 Equity Investment by Agnico-Eagle Mines...
10/8/2009 Mapping Program Finds More Evidence For Gold at Matachewan ...
9/30/2009Options Val d'Or Property to Kalahari Resources
7/22/2009Alexandria Secures 100% Interest in Valdora Gold Property, V...
7/2/2008and NioGold Mining to Enter JV on Siscoe East in Val d'Or
4/8/2008 to Acquire 100% Interest in Remaining Cadillac Break Gold P...
12/4/2007Increases Size of Cadillac Break Properties, Val d'Or; Drill...
10/18/2007WILL BE PRESENT AT THE UPCOMING Global Chinese
9/19/2007Continues to Intersect Shallow Gold at Orenada 2
9/5/2007Drills 3.18 g/t Gold Over 6.60 meters at Orenada 4; Begins T...
4/18/2007to Raise $5,500,000; Second Rig Expands Drilling Program Alo...
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TSX-V (AZX.V)FRANKFURT (A9D.F)
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