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Alexandria Drills to Expand Sleepy Gold Resource
- Alexandria
Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) reports that it has
begun a 3 hole, 1,500 m drill programme on its Sleepy gold project, Val
d�?TOr, Quebec.
With an Inferred Resource of 1.5 million tonnes grading 3.0 g/t Au
(150,000 ounces of gold), the Sleepy project is a shallow-level
gold-pyrite zone in the Vicour Gabbro Sill. The zone extends from surface
to 350 m depth, and is 300 m long, open along strike and at depth. The
current round of drilling is intended to test the deep extension of gold
mineralization 100 m below previously-reported drill hole IAX-09-49,
which assayed 4.03 g/t Au over 8.41 m (True Width) 350 m below the
surface (Press Release February 23, 2009).
Eric Owens, Alexandria President & CEO, said, "These holes will
potentially open up a new area for further expansion of the Sleepy
deposit, and will guide us in our future endeavors here. The current
frozen conditions are perfect for the work to be done."
A third hole will be sited 1 km east of the first two holes, targeting a
potential copper zone in the volcanic rocks adjacent to the Vicour Gabbro
sill, following up on hole IAX-08-34, which intersected 0.34% copper over
35.4 m (See Press Release September 9, 2008).
The Sleepy gold project is located at the eastern end of the Company�?Ts
Cadillac Break property package, an extensive, 35 km long property
covering more than 11,000 hectares in the prolific Val d�?TOr mining
district. In addition to the gold resource at Sleepy, the Company�?Ts
Orenada gold project, located near the city of Val d�?TOr 25 km west of
Sleepy, hosts Measured and Indicated Resources of 5,825,842 tonnes
grading 1.82 g/t Au (340,556 ounces of gold) and Inferred Resources of
7,399,643 tonnes grading 1.27 g/t Au (302,469 ounces of gold) at a 1 g/t
Au cut-off.
All drill and resource results presented in this press release have been
released previously, fall within the purview of the public record, and
have been reviewed by the Company�?Ts Qualified Persons. Further
information can be viewed at the Company�?Ts website, www.azx.ca, or
www.sedar.com.
To view the entire press release please
click here
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