TORONTO,
ONTARIO--(Marketwire - Aug. 7, 2009) - Alexandria Minerals Corporation
(TSX VENTURE:AZX)(FRANKFURT:A9D) reported today that the optionee on
Alexandria's Siscoe East property, Niogold Mining Corporation, has
intersected 43.67 g/t Au over 1.9 m (core length) from hole SE-09-004.
Drill hole SE-09-004 tested the western contact area of the Bourlamaque
Batholith, in the vicinity of the Sullivan Mine, which produced 1.1
million ounces of gold in the last century. The Bourlamaque Batholith
is a large granitic body that hosts numerous gold deposits, including
the Sullivan Mine, the Ferdeber Mine, and Alexis Minerals' Lac Herbin
Mine.
"These are exciting results, as they verify that there is more
gold to be found along the same structures that have produced so much
gold in the past," says Eric Owens, President of Alexandria.
"We look forward to the continuing activities on this
property."
A second nearby hole, SE-09-003, intersected multiple deformation and
alteration zones, reporting the following assays: 1.71 g/t Au over 4.0
m (including 4.98 g/t Au over 1.1 m) and 1.53 g/t Au over 6.9 between
459 m to 498 m down hole. The gold bearing intervals in both holes are
characterized by intense fracturing, quartz vein stockworks, alteration
and sulfide mineralization.
The results presented in this press release are exploratory in nature
and have been reviewed by the company's Qualified Persons, Eddy Canova,
PGeo, and Dr. Eric Owens, PGeo. There is currently no mineral resource
on the Siscoe East property as defined by NI 43-101, and no guarantee
that an economic gold deposit underlies the property.
Alexandria Minerals Corp. is a Toronto-based mineral exploration and
development company, focused on the exploration for precious metals on
mineral properties located in Northern Ontario and Quebec. The
Company's management has extensive global experience with small to
large mining companies, from grass-roots exploration to the
exploitation of mineral deposits. Alexandria is a reporting issuer in
the provinces of British Columbia, Alberta and Ontario.
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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