Alexandria Minerals Corp

Published : February 17th, 2010

Expands High Grade Gold Zone at Akasaba, Val d'Or, Quebec

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Alexandria Minerals Corporation

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AZX

 

 

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A9D

 

 

 

 

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February 17, 2010

Alexandria Expands High Grade Gold Zone at Akasaba, Val d'Or, Quebec

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2010) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) reports today additional drill results from its ongoing program at the Akasaba Mine area on its Akasaba property in Val d'Or, Quebec. Highlights of the results include hole IAX-10-64 that has intersected 20.48 g/t Au over 3.30 m (Core Length), including a visible gold-bearing interval of 45.60 g/t Au over 1.00 m.

Hole IAX-09-64 (Figure 1 and Table 1) extends high grade subsurface gold mineralization 100 m east of previously known mineralization in Lens D, the northernmost of the four principal lenses identified during the mine's operating period in the early 1960's. Nearest historic results from the zone include 39.62 g/t Au over 4.5 m and 13.64 g/t Au over 4.3 m.

Eric Owens, President and CEO of Alexandria Minerals, said, "In addition to the welcome high grades encountered, the most important aspect of these results is that we have enlarged the gold zone considerably with just one hole.
These results guide our efforts for the next phase of our drill program and increase our confidence in Akasaba's future potential."

To view figure 1 please visit the following link: http://media3.marketwire.com/docs/Alex%20Figure%201%2021610.pdf

In addition to the Lens D zone, the drill hole intersected at least one other significant zone between 267.50 m and 270.30 m downhole: 1.25 g/t Au over 2.80 m, including 4.23 g/t Au over 0.55 m. This supports the historic information which indicates multiple gold-bearing lenses underlying the mine area.

 
Table 1. Selected Drill Results, DDH IAX-09-64, Akasaba Project
 
-------------------------------------------------------------------------
                                      Est. True   Au (g/t)
         From (m)   To (m) Length (m)  Width (m)    uncut  Ag (g/t) Cu (%)
-------------------------------------------------------------------------
          123.55   125.00       1.45       0.93      0.63        -      -
-------------------------------------------------------------------------
          187.70   191.00       3.30       2.12     20.48     3.87   0.17
-------------------------------------------------------------------------
  incl.   188.55   189.50       0.95       0.61     20.22     5.00   0.15
-------------------------------------------------------------------------
  and     189.50   190.50       1.00       0.64     45.60     6.90   0.32
-------------------------------------------------------------------------
          198.20   204.40       6.20       3.98      0.58        -      -
-------------------------------------------------------------------------
          267.50   270.30       2.80       2.14      1.25        -      -
-------------------------------------------------------------------------
  incl.   269.75   270.30       0.55       0.42      4.23        -      -
-------------------------------------------------------------------------

 

Assay results are pending for the five remaining holes on the property, 3 along the Mine horizon, and 2 off-horizon holes which tested geophysical anomalies. The Company's next round of drilling is scheduled to begin in late February or early March start-up.

The results presented in this press release are exploratory in nature and have been reviewed by the company's Qualified Persons, Jared Beebe, PGeo, and Dr. Eric Owens, PGeo. Historic results are not compliant with National Instrument ("NI") 43-101 and should not be relied upon; and there is no Current Resource underlying the Akasaba property as defined by NI 43-101, and no guarantee that an economic gold deposit is present. Further work by Alexandria and an Independent Qualified Person will be required to bring the data into lines with NI 43-101.

The Company's sampling protocol has been outlined in previous press releases, and additional information can be obtained by request. Because of the concern for a "nugget effect", it is worth noting that the company routinely re-checks its assay results, and where re-checked assays vary by greater than 10%, the samples are subjected to a metallic screen assay technique whereby a 1 kg separate of the original sample is screened to a 30 g aliquot prior to a FA gravimetric finish.

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.

 

CONTACT INFORMATION:

Alexandria Minerals Corporation
Andreas Curkovic
Investor Relations
(416) 577-9927

or

Alexandria Minerals Corporation
Eric Owens
(416) 363-9372
info@azx.ca
www.azx.ca

INDUSTRY: Manufacturing and Production - Mining and Metals

 

 

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Alexandria Minerals Corp

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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
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8/31/2016(Orenada)Alexandria Minerals Completes Phase 1 of Triangle Too Drill ...
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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
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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
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1/19/2016Alexandria Minerals Provides Update of Activities
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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...
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3/16/2015Alexandria Minerals Acquisition of Murgor Resources Complete...
3/10/2015acquisition of Murgor Resources completed
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2/17/2015Alexandria Begins Drilling Copper-Gold Zone in Val d'Or
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2/2/2015Alexandria Minerals Corporation Closes Financing
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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
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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
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9/10/2013Announces $800,000 Financing
7/24/2013(Akasaba)Drilling Identifies New Target Zones North and South of Main...
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3/28/2013Provides Update on Spring 2013 Activities
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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...
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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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