Alexandria Geophysical Survey Identifies New Deep Drill Targets Below Akasaba's Current Resources
May 09 2014 - 8:30AM
Marketwired
Alexandria Geophysical Survey Identifies New Deep Drill Targets
Below Akasaba's Current Resources
TORONTO, ONTARIO--(Marketwired - May 9, 2014) - Alexandria
Minerals Corporation
(TSX-VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) is pleased to
report on preliminary results from the recently completed,
down-hole Induced Polarization ("IP") Survey on its Akasaba
property. Survey results yielded several strong targets on both the
main Akasaba Mine Trend and the nearby parallel North Zone, adding
to high priority drill targets in preparation for this summer's
drill program.
The principal
geophysical targets on the main Akasaba and North Zones are up to
400m long along strike, open to the east, and open at depth. The
anomalies, located below and to the east of the Akasaba Current
Resources, are similar to those intersected by previously completed
gold-bearing drill holes that contain 11.35 g/t Au over 6.0 m, 6.19
g/t Au over 5.05 m, and 4.69 g/t over 5.00 m (see Figures 1 and 2
below).
To view Figure 1,
please visit the following link:
http://media3.marketwire.com/docs/Figure1_AZX.pdf.
Eric Owens,
President and CEO, stated "These are very encouraging results, and
we are looking forward to testing these targets with drill holes.
Through geophysical surveys and this past winter's drilling, we
have generated several strong targets for this summer's 10,000 m
drill campaign in an effort to build on our existing gold
resources. We are still awaiting further geophysical results and
drill assay results, which should provide further targets for
testing."
To view Figure 2,
please visit the following link:
http://media3.marketwire.com/docs/Figure2_AZX.pdf.
The borehole
geophysical (Hole-to-Hole Resistivity/IP) survey was conducted
during the winter by Abitibi Geophysics. The survey was designed to
investigate potential targets at depth around the Akasaba Current
Resources. The survey used a conventional induced polarization
technique, with a borehole-to-borehole array based on 19 pairs of
holes. Once all the data combinations are collected, a 3D inversion
uses all the readings simultaneously in order to estimate the
location and volume of the anomalies. Validation of the geophysical
results are provided by past Alexandria drill hole assays, which
show excellent correlation between well mineralized gold-bearing
zones and strong Induced Polarization anomalies.
Elsewhere, the
Company is awaiting assay results from the recently completed 4,000
m drill program on its Sleepy project, located 12 km east of the
Akasaba project.
Program design,
management, and Quality Control/Quality Assurance are governed by
Alexandria's exploration group of which Philippe Berthelot, P.Geo,
is the Company's Qualified Person. Mr. Berthelot has reviewed the
results in this press release. All exploration work on the property
is conducted under the direct supervision of Emilie Batailler P.Geo
and Philippe Berthelot. The QA/QC program is consistent with NI
43-101 and industry best practices and has been previously
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 CorporationMary VorvisVice President,
Corporate Development416-305-4999Alexandria Minerals
CorporationEric Owens,
PGeoPresident/CEO416-363-9372info@azx.cawww.azx.ca
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