|
Alexandria
Extends Orenada 4 with High Grade Drill Intersection
Toronto, Ontario - Aug 15, 2007
- Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) intersected 3.24 g/t
gold over 10.50 meters at Orenada 4, including two visible gold-bearing
intervals grading 26.36 g/t gold over 0.50 m and 6.56 g/t gold over 1.10
meters in Diamond drill hole (DDH) OAX-07-13A, extending known
mineralization at depth (all widths core lengths). The intersection,
hosted in the Cadillac Break, occurs at a vertical depth of 430 meters,
one of the deepest holes yet penetrating the Orenada 4 zone.
The Company also continues to intersect
shallow, low gold grades over substantial widths at Orenada 2, just 500
meters east of Orenada 4 along the Cadillac Break. DDH OAX-07-4
intersected 0.52 g/t gold over 25.8 meters approximately 70 meters below
the previously announced result of 0.76 g/t gold over 40.4 meter in DDH
OAX-07-3 (press release July 30, 2007). At present, the results from 7
shallow drill holes are pending at Orenada 2.
These drill results, in conjunction with
previously released results, show that the gold mineralization at Orenada
is characterized by wide, near surface, low to moderate grade zones as
well as depth extent in the form of high grade zones. An updated
longitudinal section showing recent drilling at Orenada can be viewed by
visiting the Company's website at www.azx.ca or with the link http://www.azx.ca/currentdrilling.asp.
Orenada 2 and 4, located 15 km southeast
along strike from Agnico Eagle's Goldex deposit (reserves and resources
of 2.4 million ounces at an average grade of 2.33 g/t gold), lie
along the Cadillac Break in the shadow of the Centre Post diorite stock,
and form part of a gold-bearing system along the Break that extends
eastward 5 km from Orenada 4 to the Hogg Zone on the Oramaque property.
This area has yielded anomalous to ore grade gold assays in recent and
historic drill holes and trenches over the length of this zone, with much
of this area untested.
Results from the last of 4
exploratory holes on the Airport property show anomalous gold in the
Cadillac Break approximately 5 km west of Orenada 4. DDH AAX-07-19 yielded
0.38g/t gold over 1.80 meters in the westernmost intersection of the
Cadillac break on Alexandria's property. Of the four holes drilled on the
Airport property, previously announced DDH AAX-07-17 (press release July
19, 2007), located 2 km east of AAX-07-19, yielded 8.15 meters grading
0.83 g/t, including 0.7 meters grading 9.35 g/t. This interval is hosted
in deformed, altered Pontiac Sedimentary rocks in what is believed to be a
splay of the Cadillac Break.
The Company continues to drill
with 2 drill rigs on Orenada 2 and 4. In an effort to enlarge both
targets, one rig is testing Orenada 4 approximately 50 meters below DDH
OAX-07-13A, and the second rig is testing the eastern extension of Orenada
2. Elsewhere, the Company has begun a prospecting and mapping programme on
its Matachewan property in an effort to delineate targets for a drilling
programme later this Fall.
The results presented in this
press release are exploratory in nature and have been reviewed by the
company's Qualified Person, Eddy Canova, PGeo. The drilling program
employs a Quality Assurance/Quality Control program consistent with NI
43-101 and industry best practices. Drill core is NQ-sized, and is logged,
sampled and split at the Company's Val d'Or office, in intervals of 0.3
meters to a maximum of 1.5 meters. The samples are recorded, bagged and
sent to Bourlamaque Assay Lab in Val-d'Or for assay. Samples are analyzed
for Au, Ag, Cu and Zn, via a 30 gram pulp by FAA for Au and AA for Ag, Cu
and Zn. Re-assays by FA gravimetric finish are performed on samples
assaying greater than 1.0 g/t Au and re-assays greater than 5.0 g/t Au are
checked a second time by FA gravimetric finish.
WARNING: The Company relies upon litigation
protection for "forward-looking" statements. 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
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
|