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Alexandria Drills 116.50 m Grading 0.43 g/t Au and 0.24% Cu at Akasaba West
Published : November 29, 2012
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TORONTO, ONTARIO--(Marketwire - Nov. 29, 2012) - Alexandria Minerals Corporation (News - Market indicators)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) reported today on follow-up drill results from the West Zone area on the Company's Akasaba Gold-Copper project in Val d'Or, Quebec, intersecting 116.50 m grading 0.43 g/t Au and 0.24% Cu, including 23.10 m grading 1.15 g/t Au and 0.46% Cu in Diamond drill hole IAX-12-215.

A second hole, DDH IAX-12-214, located 100 m west of hole 215, intersected 94.00 m grading 0.48 g/t Au and 0.36% Cu, including 61.50 m grading 0.56 g/t Au and 0.50% Cu (see Table 1 below). The intersections in both holes 214 and 215 are 100 m below those in holes IAX-12-200 and 201, which intersected, respectively, 118.80 m grading 1.18 g/t Au and 0.70% Cu and 144.90 m grading 0.70 g/t Au and 0.38% Cu (Press Release, July 11, 2012).

Eric Owens, President and CEO, said, "The importance of these holes is that they confirm broad mineralization and continuity in the West Zone and extend the mineralization deep below our last holes. We are also pleased by the strong copper values received. These results show that we have not yet reached the limits of the deposit and that more potential to enlarge it remains. Accordingly, we will continue to conduct step-out drilling to determine the size potential of the project, and are confident that we will continue to show positive results."

TABLE 1. Drill Hole Assays from Akasaba West Zone and Adjacent Zones.
 
Hole #   From (m)   To (m)   Core Length (m)   True Width (m)   Au g/t   Ag g/t   Cu%
IAX-12-210   286.90   317.50   30.60   25.63   0.12   0.95   0.07
IAX-12-211   84.00   178.00   94.00   77.63   0.27   1.54   0.21
IAX-12-211   159.00   167.50   8.50   7.04   0.46   2.18   0.14
IAX-12-211   284.00   291.00   7.00   5.87   0.65   2.13   0.14
IAX-12-212   219.00   321.90   102.90   88.32   0.27   1.54   0.18
including   274.00   281.00   7.00   6.01   0.83   1.74   0.35
and   276.00   280.00   4.00   3.43   0.94   1.88   0.41
IAX-12-214   270.50   364.50   94.00   67.81   0.48   1.71   0.36
including   270.50   332.00   61.50   44.21   0.56   2.10   0.50
and   284.50   294.00   9.50   6.80   0.47   1.89   0.64
and   288.50   293.00   4.50   3.22   0.62   2.26   0.83
and   306.00   326.00   20.00   14.44   1.01   3.33   0.74
and   308.90   314.00   5.10   3.68   1.51   4.41   0.90
IAX-12-214   346.00   356.00   10.00   7.26   0.45   1.00   0.13
IAX-12-214   381.00   390.00   9.00   6.62   0.43   1.47   0.10
IAX-12-214   411.00   419.50   8.50   6.28   0.24   2.28   0.17
IAX-12-215   221.00   337.50   116.50   88.15   0.43   2.02   0.24
including   304.00   327.10   23.10   17.56   1.15   2.87   0.46
and   304.00   308.00   4.00   3.04   2.31   3.33   0.57
and   318.00   326.00   8.00   6.09   1.50   4.10   0.79

The target horizon was intersected at about 280 m vertical depth, and showed geological characteristics consistent with the shallower holes, namely, sheared and deformed metavolcaniclastic rocks, with quartz-carbonate veinlets, and pyrite, chalcopyrite and bornite as disseminations and stringers. The West Zone is located about 1,200 m west of the historic Akasaba Mine, around which the Company has previously focused its drilling; the gold-bearing zone has now been identified over a 2,000 m strike length.

The Company is continuing its step out drill program on the project, with current focus on targets west of the mine area.

Program design, management, and Quality Control/Quality Assurance is governed by Alexandria's exploration group, of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company's Qualified Persons. Mr. Legein and Mr. Owens 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 been 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 two producing gold mines in the region, owns roughly 10% 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.

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.

Alexandria Minerals Corporation
Andreas Curkovic
Investor Relations
(416) 577-9927
or
Alexandria Minerals Corporation
Eric Owens
President/CEO
416-363-9372
info@azx.ca
www.azx.ca
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Alexandria Minerals Corp

EXPLORATION STAGE
CODE : AZX.V
ISIN : CA0151001009
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In the News and Medias of Alexandria Minerals Corp
10/22/2007Investor Summary Report
Annual reports of Alexandria Minerals Corp
2008 Annual Report
Annual Report 2007
Financings of Alexandria Minerals Corp
12/18/2012Closes Second Tranche of Financing
11/14/2012Closes First Tranche of Financing
10/30/2012Announces $2,500,000 Financing
10/27/2011Closes $3,000,000 Financing
10/7/2011Alexandria Minerals Corporation Announces $3,000,000 Financi...
7/23/2011Extends Warrants
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
1/13/2011Peter Legein joins Alexandria as Vice President Exploration
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
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...
11/29/2012(Akasaba)Drills 116.50 m Grading 0.43 g/t Au and 0.24% Cu at Akasaba ...
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...
1/27/2011(Sleepy Zone)Drills to Expand Sleepy Gold Resource
1/20/2011(Akasaba)Expands Akasaba to the East with 19.74 g//t Au over 2.4m
1/6/2011(Joannes)Completes $2.0m sale of Joannes Claims
12/7/2010(Akasaba)Continues to Expand Akasaba Gold Potential with Deep Interse...
12/2/2010(Akasaba)Intersects 2 High Grade Zones at Akasaba
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...
4/30/2009(Akasaba)Intersects 24.50 g/t Gold Over 1.30 m in First-Pass Drilling...
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
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
11/16/2011(Akasaba)Expands Eastern Deep Zone Akasaba
11/8/2011Provides Operational Update
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...
9/21/2010Meet Alexandria Minerals Corporation's Management
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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