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ALEXANDRIA MINERALS CORP -  AZX TSX.V  - ALXDF OTC

Alexandria Continues to Expand Zone 4, Intersects 10.01 g/t Gold Over 6.95 Metres at Orenada - Shares Up On News

These shares up 60% since March . AZX's 52 week high is $0.12 . The shares trade an average of 1.4 million shares per day ( 30 day avg ) with an outstanding of 478 million.

With an outstanding management team at the helm and superior drill results announced , this mining company has been driven to new heights . Pulling back from its July 2016 , 52 week high of $0.12, the shares are now expected to retest the old $0.12 high 

As the price of gold reignites and investor interest in mining - resource renewed , we expect these shares to be the investors choice to ride the wave of advancing commodities prices .  FACT SHEET - REPORTS - CEO INTERVIEW


Watch You Tube Video https://www.youtube.com/watch?v=AbL8eudfMGw

Alexandria Continues to Expand Zone 4, Intersects 10.01 g/t Gold Over 6.95 Metres at Orenada

TORONTO, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Alexandria Minerals Corporation (TSX-V:AZX) (OTCQB:ALXDF) (Frankfurt:A9D) (“AZX” or the “Company”) today announced positive assay results from 13 drill holes, totaling 3,271 m of drilling, completed at Zone 4 from the Company’s ongoing 30,000 m drill program on its Orenada project in Val d’Or, Quebec. The results continue AZX’s efforts to expand the gold deposit there, and will be incorporated into an updated 43-101 resource estimate later this year.

Highlights 

  • The 13 holes returned better-than-expected results from below the historic open pit at Zone 4 with greater widths than previously thought, and step-out holes on the east side of Zone 4 confirm the presence of gold zones beyond the limits of the Current Resources;
  • Diamond Drill Hole (“DDH”) OAX-17-140, below the open pit at Zone 4 and in which visible gold was observed, intersected 4.35 g/t gold over 27.45 m, including 10.05 g/t gold over 6.95 m, and a second lower interval of 3.17 g/t gold over 29.70 m, including 12.57 g/t gold over 3.00 m;
  • Visible gold was also observed in DDH OAX-17-134, which is located 350 m east of the open pit and which intersected three broad gold zones grading 2.17 g/t gold over 31.80 m, 1.57 g/t gold over 42.40 m, and 2.47 g/t gold over 26.00 m, containing high-grade veins with 14.86 g/t gold over 1.00 m, 8.53 g/t gold over 1.50 m and 5.50 g/t gold over 3.50 m;
  • DDH OAX-17-136, located 425 m east of the open pit, intersected two broad gold zones in the upper 220 metres: 1.66 g/t gold over 28.35 m and 2.35 g/t gold over 29.85 m, including such high grade results as 27.10 g/t gold over 1.00 m, 7.74 g/t gold over 1.00 m, and 4.04 g/t over 5.40 m.
  • DDH OAX-17-132 which assayed 3.5 g/t gold over 17.5m and 25.33 g/t gold over 1.4m (with visible gold).

Eric Owens, President and CEO of Alexandria, stated, “The results from these drill holes reinforce our opinion of the growth potential of the gold deposit at Zone 4. These new drill holes have confirmed our interpretation regarding structural setting of the deposit, and add support to our thoughts on potential size. With our ongoing drill program, we anticipate further strong drill results in the coming weeks, and are on track to complete a new resource estimate later this year.”

Drilling to-date has resulted in the identification of multiple, near-surface gold zones, characterized by elevated concentration of sub-horizontal gold-quartz veins hosted in highly deformed volcanic rocks. The gold zones have been intersected over 1.1 km along strike at Zone 4, with widths up to 75 m across strike, and have been tested down to 300 m depth. The deposit remains open along strike and at depth.

The drill holes reported here were designed to test extensions, either at depth or along strike, of previously reported gold mineralization.

Next Steps:

With three drills operating, Alexandria has completed more than 21,000m of its ongoing 30,000m drill program at Orenada and expects to release further drill results as assaying proceeds. In the meantime, the Company is aggressively drilling the remainder of its program which is aimed at providing greater detail for the developing geological model from in-fill holes, as well as aimed at aiding growth through step-out holes. The goal of this program is to produce an updated resource estimate near the end of the year, with greater geological understanding of the gold deposit at Orenada.

Further details can be viewed in the addendum/appendix to this press release: http://bit.ly/2xzk3yF

Analytical Procedures and QA/QC

Program design, management, and Quality Control/Quality Assurance (QA/QC) are conducted by Alexandria’s exploration group under the supervision of Philippe Berthelot (P. Geo), who is the Company’s Qualified Person. Details of sampling procedure can be found in the addendum. Mr. Berthelot has reviewed the contents of this press release.


Further information about the Company is also available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals  
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/
LinkedIn: http://www.linkedin.com/company/alexandriaminerals

About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with strategic properties located in the world-class mining districts of Val d’Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria’s focus is on its flagship property, the large Cadillac Break Property package in Val d’Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.



Alexandria Reports High-Grade Gold Assays from Final 8 Holes of Winter-Spring Drill Programme -- Expectations Fully Met

TORONTO, ONTARIO--(Marketwired - Aug. 2, 2017) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(OTCQB:ALXDF)(FRANKFURT:A9D) ("AZX" or the "Company") today announced excellent assay results from the final eight holes of the Company's winter-spring drill programme at Orenada Zone 4, which is located seven kilometres southeast of Val d'Or, Quebec. These assays include 4.21 g/t gold over 10.45 metres in DDH OAX-17-89, with near-surface intersections such as 53.40 g/t gold over 0.50 metres. 

"These latest high-grade gold assays continue to confirm our belief in the enormous exploration upside at our flagship property in this highly prolific mining region," said Eric Owens, President and CEO of Alexandria. "Our summer drill program is underway and has rapidly expanded upon our very successful winter drill program. We have enlarged and better defined the high grade vein system there, extended those veins to 1,100 metres in length, deepened them by 150 metres below the pre-existing resources, discovered additional high-grade vein sets, and begun building across-strike volume. We are very confident that our summer drill program will deliver further growth, contributing to a new resource estimate by the end of the year. Our expectation is that our new resource estimate will be more than double our existing resource estimate from 2009."

Drill Highlights:

  • The eight holes effectively filled in the gaps and expand the volume of previously identified, near-surface, stacked gold veins; 
  • The footprint of the stacked vein sets has nearly tripled to 1,100 metres in length, all in the upper 300 m;
  • Assay results from DDH OAX-17-89 confirm an across-strike width of up to 75 metres for gold mineralization at this location, with an intersection of 4.21 g/t gold over 10.45 m;
  • Visible gold was observed in OAX-17-116, which assayed 53.40 g/t gold over 0.50 m;
  • The broad distribution and robustness of the gold veins at Zone 4 are confirmed by other assay results, such as 3.52 g/t gold over 11.90 m, including 14.90 g/t gold over 1.10 m (OAX-17-088EXT); 2.02 g/t gold over 18.35 m, including 5.59 g/t gold over 3.10 m (OAX-17-116); and 4.01 g/t gold over 4.00 m, including 10.30 g/t gold over 0.90 m (OAX-17-108).

Next Steps:

With three drills operating in the current 30,000 metre summer drill program, Alexandria expects to deliver a new, updated resource by the end of 2017. To advance this goal, in the near term Alexandria will remain focused on two zones:

  1. The stacked near-surface high-grade gold veins in Zone 4, defined by the 2 km trend with a depth of 250m and width of 30m; and
  2. Zone 2, located some 800 metres east of the Zone 4 pit.

Additionally, the deposit remains open beyond these two targets, both along strike and to depth, and there remains considerable unexplored shallow targets for 8-10 km east and west along strike. These will be the subject of future exploration programs. Off-strike targets to the north and south are also to be tested in the near future.

Full drill results and figures pertaining to this news release are available on the Company's website at http://bit.ly/2vqD6u3.

Analytical Procedures and QA/QC:

Program design, management, and Quality Control/Quality Assurance are conducted by Alexandria's exploration group under the supervision of Phillippe Berthelot, P.Geo, who is the Company's Qualified Person. Mr. Berthelot has reviewed the results in this press release.

Samples of NQ core are crushed to 75µm, with 250g split and crushed to 90% passing 100µm, and analyzed for gold using a 50g Fire Assay charge with Atomic Absorption (AAS) finish at the Agat, ALS or Actlabs Laboratory. Sample assaying >10.0 g/t gold are re-analyzed via Gravimetric Finish.

Visible gold is not uncommon in the core at Zone 4, the presence of which may cause a "nugget effect". In an effort to minimize this effect, selected samples are analyzed via a metallic sieve procedure: a I kg sample is separated into a coarse fraction (+100µ), with a gravimetric finish, and a fine fraction (-100µm), with an AAS Finish. The assay result consists of a weighted average of the coarse sample and two 50g subsamples of the fine fraction.

Industry certified standards are added to the sample runs roughly every twenty samples, and blanks and duplicates are added between 2 standards, to ensure accuracy and precision. Third party assays are submitted to other designated laboratories for 5% of all samples.

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/AlexandriaMinerals

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 strategic properties located in the world-class mining districts of Val d'Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria's focus is on its flagship property, the large Cadillac Break Property package in Val d'Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.

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


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Focused on Gold Resource Expansion, Alexandria Begins 30,000 Metre Summer Drill Program at Orenada Zone 4

TORONTO, ONTARIO--(Marketwired - June 21, 2017) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(OTCQB:ALXDF)(FRANKFURT:A9D) ("AZX" or the "Company") has begun a 30,000 metre program at its Orenada Zone 4 gold project in Val d'Or, Quebec. The summer drilling program is specifically focused on defining and expanding the Company's near-surface gold resources in and around Zone 4, where it has identified a stacked, high grade gold vein system. The Zone 4 property is located seven kilometres southeast of Val d'Or, Quebec, at the western end of Alexandria's 35 kilometre-long property package. The property package straddles the Cadillac Break, a major regional fault zone where mines have produced some 100 million ounces of gold over the past 90 years. 

Three drill rigs are now on site for the summer program, where the focus is infill drilling in the open pit area (area of the 2009 resource estimate), as well as step-out drilling to the west and also to the east, toward Zone 2. 

Eric Owens, President and CEO of Alexandria, stated, "We're well-capitalized and ready to build upon the success of our winter program, which was our first comprehensive drill program to test for high-grade gold veins at Zone 4. Although some assays are still pending from that program, it has already extended the length of the veins from 300 metres to 700 metres along strike. This summer we look to expand on that further by focusing on a two kilometre stretch east and west of Zone 4."

AZX's winter drilling program was completed in late April, 2017, totalling 9,100 m for 35 holes to test high grade veins. Recent gold assays attest to the robust widths and grades of the veins, such as 9.00 g/t gold over 13.89m, including 16.23 g/t gold over 5.05m; 6.29 g/t gold over 15.35m; 4.85 g/t gold over 12.00m, including 9.15 g/t gold over 3m and 3.82 g/t gold over 63.70m (in Diamond Drill Hole OAX-17-100; see the Company's press release dated May 10, 2017). Assays are still pending from 17 holes of the 35 holes completed during the winter drill program. These assays are expected to be received and released in the coming weeks.

Alexandria has drilled a total of 43 holes at Zone 4 testing for high grade veins, totaling 12,249 metres. This program includes three holes in early 2015, five holes for 2,346 metres in the fall of 2016, and most importantly, the recently completed 9,100 metre program in 2017. The 2017 program to date highlights the growth potential of the gold veins, expanding known gold mineralization well beyond the previous limits of 300 metres along strike and 200 metres to depth. High grade assays have now extended the limits to 700 metres long by 350 metres depth, and mineralization is open in all directions.

Analytical Procedures and QA/QC

Program design, management, and Quality Control/Quality Assurance are conducted by Alexandria's exploration group under the supervision of Phillippe Berthelot, P.Geo, who is the Company's Qualified Person. Mr. Berthelot has reviewed the results in this press release.

Further information about the Company is available on the Company's website, www.azx.ca, or its social media accounts listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals

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 strategic properties located in the world-class mining districts of Val d'Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria's focus is on its flagship property, the large Cadillac Break Property package in Val d'Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.



Alexandria Confirms High Grade Gold from Veins in Eastern Step-Out Holes with Assays Up to 18.06 g/t Gold Over 1.0 m at Orenada Zone 4

TORONTO, ONTARIO--(Marketwired - June 13, 2017) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(OTCQB:ALXDF)(FRANKFURT:A9D) ("AZX" or the "Company") is pleased to present new assay results from 5 Diamond Drill Holes ("DDH") drilled at the east end of its Orenada Zone 4 gold deposit in Val d'Or, Quebec. A total of 18 holes of the 35 holes drilled in the winter program have now been reported, with the results for 17 holes pending. CORP PRESENTATION

Highlights

  • Multiple high-grade gold veins were intersected in 5 drill holes drilled on 2 sections designed to test extensions of gold mineralization to the east as well as above and below the 2009 resource;
  • Hole OAX-17-093 intersected several high grade veins between 50 metres depth and 350 metres depth, with up to 18.06 g/t Au over 1.00m, 4.10 g/t Au over 6.80m, including 13.28g/t Au over 1.00m, 9.29 g/t Au over 2.20m, and 8.45 g/t Au over 1.70m;
  • DDH OAX-17-096 intersected 2.03 g/t Au over 31.15m, including 14.10 g/t Au over 1.10m, and 3.06 g/t Au over 9.3 metres, including 11.10 g/t Au over 0.8 m;
  • Holes OAX-17-094, OAX-17-095, and OAX-17-097 all intersected veins with up to 5.11 g/t Au over 1.00m and 5.82 g/t Au over 0.80m, extending the veins across strike in a north-south direction.

Five Diamond Drill Holes reported here, OAX-17-093, OAX-17-094, OAX-17-095, OAX-17-096 and OAX-17-097, were drilled in and around the easternmost limits of the 2009 Current Resource at Orenada Zone 4. The five drill holes were part of the Company's 35 hole, 9,100 metre winter drilling program at Zone 4 which was completed in late April, 2017. Assay results are pending for 17 holes drilled beneath, and to the west of, the Zone 4 open pit.

Eric Owens, President and CEO of Alexandria, stated, "We have had great success this year in our first sizable drill program to ever test for the high grade gold veins at Zone 4, and assays now show that we have been able to grow the vein system to 700 metres long by up to 350 metres deep. Although we are still in the early stages of identification and definition of the vein sets, we are consistently building volume with the step-out drilling we have undertaken. Our understanding of the geology of the gold veins is strengthening, and will be further bolstered when we begin our planned follow-up 30,000 m summer drill program in June."

DDH OAX-17-093 was completed on the same section as previously announced DDH OAX-17-092 (see Press Release April 27, 2017), and provides extension of the veins to the north at this section (See Figure 1: Long Section and Figure 2: Cross Section). OAX-17-093 intersected high grade gold veins between 50m and 350m depth such as: 4.10 g/t Au over 6.8m, including 13.28 g/t Au over 1.0m; 9.29 g/t Au over 2.20m, including 18.06 g/t Au over 1.0m; 9.07 g/t Au over 1.00m; and 8.45 g/t Au over 1.70m.

DDH's OAX-17-094, OAX-095, OAX-096, and OAX-097, together on one section (See Figure 2 Cross Section below), were drilled roughly 60 metres east of OAX-17-093, and extend the high grade gold veins to the east, adding 100 metres both above and below the resources on this line. Of particular note, OAX-17-096 intersected a number of high grade veins, including 14.10 g/t Au over 1.10m and 11.10 g/t Au over 1.00m, part of a wider zone assaying 2.03 g/t Au over 31.15m. The other three drill holes on this section extend the veins to the north and south having also intersected multiple high-grade veins (See Table 1 below).

The results on both sections expand the gold veins above and below the limits of the previous 2009 Current Resource on those sections.

To date, Alexandria has drilled a total of 43 holes at Zone 4, totaling 12,249 metres, including 3 holes in early 2015, and 5 holes for 2,346 metres in the Fall of 2016. The recently completed 9,100m program in 2017 is the Company's first-ever significant drilling effort testing the stacked, high grade gold-quartz veins first identified during the 2015 drilling.

This year's program was designed as a first-stage assessment of the number, extent, and grade of the vein sets in and around Zone 4, with focus on the upper 250 metres of depth. The 35 holes drilled this year tested 1,100 metres along strike, from 400 metres west of the open pit to 700 metres east of the open pit. Assays are still pending from 17 holes below and west of the open pit.

Figure 1. Longitudinal Section, Zone 4 2017 Drilling, with Holes OAX-17-093, 094, 095, 092, 096, and 097: http://www.marketwire.com/library/20170613-Figure1AZX.jpg.

Figure 2. Cross Section, DDH OAX-17-093 and previously released DDH OAX-17-092: http://www.marketwire.com/library/20170613-Figure2AZX.jpg.

Figure 3. Cross Section, DDH OAX-17-094, OAX-17-095, OAX-17-096 and OAX-17-097: http://www.marketwire.com/library/20170613-Figure3AZX.jpg.

 
Table 1. Selected Assay Results Diamond Drill Holes OAX-17-093, 094, 095, 096, and 097
Drill Hole # From (m) To (m) Length (m) Au (g/t)
OAX-17-93 51.55 53.25 1.70 8.45
    Including 51.55 52.50 0.95 9.39
OAX-17-093 58.00 59.00 1.00 9.07
OAX-17-093 64.40 65.40 1.00 4.70
OAX-17-093 66.20 67.00 0.80 5.06
OAX-17-093 74.00 76.20 2.20 9.29
    Including 74.00 75.00 1.00 18.06
OAX-17-093 138.00 139.00 1.00 3.75
OAX-17-093 139.00 140.00 1.00 2.94
OAX-17-093 227.00 228.00 1.00 3.12
OAX-17-093 228.00 229.00 1.00 3.25
OAX-17-093 235.20 242.00 6.80 4.10
    Including 237.00 238.00 1.00 6.80
    and 238.00 239.00 1.00 13.28
OAX-17-093 299.30 301.00 1.70 6.07
OAX-17-093 324.00 328.10 4.10 4.10
    including 324.00 325.20 1.20 5.27
    and 325.20 326.40 1.20 5.69
OAX-17-093 327.15 328.10 0.95 3.21
OAX-17-093 334.00 335.20 1.20 2.73
OAX-17-093 350.40 351.70 1.30 2.74
OAX-17-093 352.70 353.70 1.00 3.21
OAX-17-094 115.00 116.00 1.00 2.90
OAX-17-094 274.00 277.10 3.10 3.57
    including 274.00 274.80 0.80 5.82
    including 275.60 277.10 1.50 3.31
OAX-17-094 283.50 284.95 1.45 2.88
OAX-17-095 93.00 94.00 1.00 2.88
OAX-17-095 105.90 107.00 1.10 4.76
OAX-17-095 111.55 112.55 1.00 5.11
OAX-17-095 132.80 133.80 1.00 3.01
OAX-17-096 76.65 78.05 1.40 3.02
OAX-17-096 96.65 97.80 1.15 6.66
OAX-17-096 320.15 351.30 31.15 2.03
    including 324.80 333.00 8.20 3.21
    including 331.00 332.10 1.10 14.10
OAX-17-096 342.00 351.30 9.30 3.06
    including 348.80 349.60 0.80 11.10
    including 349.60 350.50 0.90 3.86
    including 350.50 351.30 0.80 5.36
OAX-17-097 61.40 62.20 0.80 2.76
OAX-17-097 71.30 72.00 0.70 3.86
OAX-17-097 73.00 74.25 1.25 4.67
OAX-17-097 79.90 80.70 0.80 2.59
Widths are reported as drill core widths but are considered to be close to true widths. Assays are reported using either a 0.5 g/t Au cut-off, a 1.0 g/t Au cut-off, or a 2.0 g/t Au cut-off. The determination of the cut-offs for each reported interval is based on geology and grade. For these reported assays, no internal dilution or top caps are applied.

Orenada Project Summary

Orenada Zone 4 and Zone 2 are located 7 kilometres southeast of Val d'Or, Quebec, at the western end of Alexandria's 35 kilometre-long property package. The property group straddles the Cadillac Break, a major regional shear zone that has controlled the location of mines which have produced some 100 million ounces of gold.

Zone 4 is hosted in sheared and altered metasedimentary rocks (Cadillac Formation) and metavolcanic rocks (Piché group), where gold is hosted principally in stacked, shallow, south-dipping dark gray quartz-tourmaline-arsenopyrite veins and veinlets.

In 2009, after drilling 52 holes totaling 18,662m in 2007 and 2008, Alexandria completed a Resource Estimate for Zones 2 and Zone 4 to a maximum depth of 250 metres. (See Press Release September 16, 2009)

 
Table 2. Current Resources (2009) at Orenada Zone 2 and Zone 4 (0-250 m depth).
  Measured and Indicated Resources Inferred Resources
Cut-Off (g/t Au) Tonnes Grade
 (g/t Au)
Au (oz.) Tonnes Grade
 (g/t Au)
Au (oz.)
1.0 4,598,334 1.82 268,528 2,478,674 1.56 124,248
0.7 6,802,431 1.50 328,405 3,598,358 1.34 155,089
0.5 8,521,296 1.32 361,395 4,708,810 1.16 175,596
0.3 10,356,660 1.16 384,942 5,546,540 1.05 186,447
Resources as reported at various cut-off grades by Geologica Group Conseil in September, 2009 estimated by ordinary kriging by GEMCOM using a 31.5 g/t Au top cap and 5m x 5m x 2.5m block sizes

A note about metallurgy at Zone 4: Preliminary and unoptimized whole-ore cyanide leach test results conducted by SGS-Lakefield in 2009, on Zone 4 ore crushed to 77µm (200 mesh) showed 93.3% gold recoveries on ore grading 1.74 g/t Au. Flotation tests showed 95.6% of the gold reporting to the float concentrate and gravity tests showed that over 14% of the gold could be recovered by gravity from samples collected from the same composite crushed to the same grind size.

Analytical Procedures and QA/QC

Program design, management, and Quality Control/Quality Assurance are conducted by Alexandria's exploration group under the supervision of Phillippe Berthelot, P.Geo, who is the Company's Qualified Person. Mr. Berthelot has reviewed the results in this press release.

Alexandria's sampling procedures reflect industry standards. NQ core is cut in half lengthwise, with one-half retained for records and one-half placed in plastic sample bags which are then sent to the lab. Each sample represents a core length of between 0.5m and 1.5m, and is based on geology. All samples are crushed to 75µm, with a 250g split and crushed to 90% passing 100µm, and analyzed for gold using a 50g Fire Assay charge with Atomic Absorption (AAS) finish at the Agat, ALS or Actlabs Laboratory. Sample assaying >10.0 g/t gold are re-analyzed via Gravimetric Finish.

Visible gold is not uncommon in the core at Zone 4, the presence which may cause a "nugget effect". In an effort to minimize this effect, selected samples are analyzed via a metallic sieve procedure: a I kg sample is separated into a coarse fraction (+100µ), with a gravimetric finish, and a fine fraction (-100µm), with an AAS Finish. The assay result consists of a weighted average of the coarse sample and two 50g subsamples of the fine fraction.

Industry certified standards are added to the sample runs roughly every twenty samples, and blanks and duplicates are added between 2 standards, to ensure accuracy and precision. Third party assays are submitted to other laboratories for 5% of all samples.

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/AlexandriaMinerals

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 strategic properties located in the world-class mining districts of Val d'Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria's focus is on its flagship property, the large Cadillac Break Property package in Val d'Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.

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 releas

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Alexandria Drilling Expands Gold Mineralization at Orenada Zone 4, Intersects 9.00 g/t Gold over 13.89 Meters and 3.82 g/t gold over 63.70 Meters

Toronto, Ontario--(Newsfile Corp. - May 10, 2017) - Alexandria Minerals Corporation (TSXV: AZX) (OTCQB: ALXDF) (FSE: A9D) ("AZX" or the "Company") is pleased to present assay results from Diamond Drill Holes ("DDH") OAX-17-100 and OAX-17-99, which were completed below the open pit at Zone 4, in Val d'Or, Quebec. Notably, OAX-17-100 intersected multiple high grade gold veins and their associated alteration envelopes between 39.30 meters and 256.00 meters depth, assaying 2.84 g/t gold over 217.00 meters.

Highlights

  • High gold grades and robust widths were intersected in hole DDH OAX-17-100 over most of the length of the hole with such assay intervals as: 9.00 g/t gold over 13.85 meters, including 16.23 g/t gold over 5.05 meters; 6.29 g/t gold over 15.35 meters; 4.85 g/t gold over 12.00 meters, including 9.15 g/t over 3 meters (see Table 1),
  • Collectively, the shallow sub-parallel, gold-quartz veins and their adjacent alteration zones indicate broad gold-mineralized zones in OAX-17-100 with assays such as 3.82 g/t gold over 63.70 meters between 151.00 meters and 214.70 meters downhole,
  • As a step-out hole, OAX-17-100 confirms the occurrence of the high-grade veins 100 meters west and 100 meters below the limits of the previously-estimated Current Resources (2009),
  • The gold-quartz vein mineralization remains open in all directions: to the north, along strike, and at depth.

Eric Owens, President and CEO of Alexandria, stated, "These are the best results we have received to-date at Zone 4, and we are especially pleased that they have come from a previously untested area. This gives us great encouragement and confidence in the potential for growth, as we are still waiting for assay results from 22 holes, including 10 step-out holes west of the open pit."

The Current Program

Both Holes OAX-17-099 and OAX-17-100 were completed below the east end of the Zone 4 Open Pit (Figures 1 and 2). This program is aimed at exploring for and expanding the high-grade gold-quartz veins at Zone 4, first recognized in 2015. These veins and veinlets often occur in clusters, and typically have a shallow, south-dipping, orientation within the steeply, north-dipping Cadillac Break shear Zone.

The recently-completed drill holes at Zone 4 are from the first round of drilling by Alexandria to test for the south-dipping veins, and is focused on the upper 250 meters of depth. The drill program consists of three parts: infill drilling in the Current Resources area, step-out drilling to the west of the Current Resources and step-out drilling to the east of the Current Resources. The Open Pit lies at the west end of the Current Resources (See Figure 1).

The holes reported here are step-out holes, increasing the along-strike length of gold mineralization at Zone 4 to the west of the Current Resources and deepening it by 100 meters, to 256 meters depth. Assay results are pending for holes both below and west of the pit.

Figure 1. Longitudinal Section, Zone 4 2017 Drilling, with Holes OAX-17-99 and 100 shown as black arrow.
Note outline of Current Resources Limit (2009), and outline of Open Pit.



To view an enhanced version of Figure 1, please visit: 
http://orders.newsfilecorp.com/files/5236/26711_a1494380222093_0.jpg

Figure 2. Cross Section, DDH OAX-17-100 and 099. Note Outline of Open Pit.



To view an enhanced version of Figure 2, please visit: 
http://orders.newsfilecorp.com/files/5236/26711_a1494380222328_10.jpg

DDH OAX-17-099 was drilled to a depth of 69 meters, where it was aborted due to complications in the subsurface. The entire hole yielded an average assay of 1.71 g/t gold over 52 meters, with high grade zones, including 15.50 g/t gold over 1.20 meters and 13.40 g/t gold over 1.00 meters. The gold-bearing zones correlate with those in hole 100 at this depth.

DDH OAX-17-100 was drilled some 10 meters north of hole OAX-17-099, and hit its target depth of 300 meters. Several gold-quartz veins, hosted in deformed schists of the Cadillac Break, yielded strong assays and robust widths (See Figures 2 and Table 1), before the hole was stopped in non-mineralized volcanic schists.

Table 1. Selected Assay Results Diamond Drill Holes OAX-17-100 and 99

Hole # From (m) To (m) Core Length (m) Gold (g/t)
OAX-17-100 39.30 256.30 217.00 2.84
INCLUDES THE FOLLOWING INTERVALS:
OAX-17-100 39.30 43.00 3.70 4.07
including 42.00 43.00 1.00 8.40
OAX-17-100 48.00 50.00 2.00 5.51
OAX-17-100 58.70 59.70 1.00 5.43
OAX-17-100 63.95 66.25 2.30 6.06
including 63.95 65.00 1.05 10.70
OAX-17-100 87.00 92.20 5.20 4.75
including 88.00 90.00 2.00 8.93
OAX-17-100 104.35 118.20 13.85 8.99
including 113.15 118.20 5.05 16.23
and 113.15 116.00 2.85 20.04
OAX-17-100 127.20 140.75 13.55 3.75
including 127.20 128.00 0.80 7.33
and 131.00 132.00 1.00 6.66
and 133.00 138.20 5.20 5.09
and 140.00 140.75 0.75 10.20
OAX-17-100 151.00 214.70 63.70 3.82
Includes the following:
OAX-17-100 152.00 166.35 14.35 6.29
including 153.00 156.00 3.00 11.11
and 158.00 160.00 2.00 11.40
and 165.00 166.35 1.35 8.51
OAX-17-100 170.70 174.00 3.30 4.57
OAX-17-100 179.00 191.00 12.00 4.85
including 179.00 182.00 3.00 6.22
and 188.00 191.00 3.00 9.15
OAX-17-100 197.00 208.00 11.00 2.95
including 200.00 202.00 2.00 4.14
and 205.00 207.00 2.00 3.86
OAX-17-100 212.00 214.70 2.70 4.89
OAX-17-100 232.70 241.10 8.40 4.13
Including 238.00 241.10 3.10 5.56
OAX-17-099 20.00 23.00 3.00 1.72
including 29.00 30.20 1.20 15.50
and 32.00 33.00 1.00 4.07
and 39.00 40.00 1.00 5.92
and 45.00 53.00 8.00 3.01
including 52.00 53.00 1.00 13.40
OAX-17-99 68.10 69.00 1.00 5.30

 

Assay Intervals are reported as core length but are considered to be close to true width; no capping applied; for reporting purposes here, cut-off for long intervals is 0.5 g/t gold, and for shorter, higher grade intervals hosted within those, cutoff is 2 g/t gold.

Drilling at Zone 4 is currently stopped and will resume after Spring thaw concludes in mid to late May.

Figure 3. Drill Hole Location Map, Superimposed on Geology, Showing OAX-17-100 and 99.
Note outline of Open Pit.



To view an enhanced version of Figure 3, please visit: 
http://orders.newsfilecorp.com/files/5236/26711_a1494380222749_86.jpg

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/AlexandriaMinerals
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/

Program design, management, and Quality Control/Quality Assurance are conducted by Alexandria's exploration group of which Phillippe Berthelot, P.Geo, is the Company's Qualified Person. Mr. Berthelot has reviewed the results in this press release. Alexandria's QA/QC program is consistent with National Instrument ("NI") 43-101 and industry best practices and has been previously addressed in NI 43-101 reports found on the Company's website or on www.sedar.com. Due to the presence of coarse gold and the complications arising caused by the "nugget effect", the Company routinely analyzes selected samples via a metallic sieve procedure which analyzes separate coarse and fine fractions from a I kg portion of the crushed sample.

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with strategic properties located in the world-class mining districts of Val d'Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria's focus is on its flagship property, the large Cadillac Break Property package in Val d'Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.

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.

PLEASE CONTACT
www.azx.ca 
info@azx.ca


Source: Wall Street Researcher
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