Alexandria
Drills Anomalous Gold on Joannes Property
Toronto,
Ontario - June 25, 2007 - Alexandria Minerals Corporation (TSX-V: AZX;
Frankfurt: A9D) has intersected
scattered anomalous gold testing the Cadillac Break and subsidiary fault zones,
including 5.19 g/t gold over 0.7m in hole JAX-07-01.
The Joannes
property, located in Joannes Township, Quebec about 20 km east of Noranda, is
situated 10 km west of the Bousquet Mine, which produced 3 million ounces of
gold, and is adjacent to the Joanna property of Aurizon Mines Ltd., where they
recently announced a near-surface Indicated Resource of 5.4 million tonnes
grading 1.8 g/t gold containing 309,000 ounces, and an Inferred Resource of 21.8
million tonnes grading 1.6 g/t gold containing 1.1 million ounces (May 11,
2007).
Diamond drill hole
JAX-07-01, the first hole Alexandria drilled on the property, intersected the
Cadillac Break from 60.4 meters to 90.8 meters depth with attendant
quartz-carbonate veins and 1%-2% pyrite and arsenopyrite. The better results are
presented in the table below:
Two Drills Turning
on Cadillac Break Properties
In other activities,
as part of its second phase drilling program on the Cadillac Break properties in
Val d'Or, the Company continues to drill on the Orenada and Airport properties
with two drill rigs. Four holes have been completed at Orenada since the beginning of this program in early June, testing extensions of the Orenada #4
and #2 zones, where Alexandria announced a high grade intersection of 12.55 m
grading 7.90 g/t gold (Mar 29, 2007) and 89.1 m grading 1.09 g/t gold (April 25,
2007). In an effort to minimize environmental impact, this rig is being
supported by helicopter. Assay results for these holes and four holes on the
Airport property are pending.
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.
PLEASE
CONTACT
Coal
Harbor Communications
Suite
701, 555 Jervis Street
Vancouver
BC Canada V6E 4N1
dale@coal-harbor.com
Tel:
1+ (604) 662-4505
Fax:
1+ (604) 662-4547
Toll-free:
1+ (877) 642-6200 |
Alexandria
Minerals Corporation
Tel:
1+ (416) 363-9372
www.azx.ca |
The TSX
Venture Exchange does not accept responsibility for the adequacy or accuracy of
this release.