Alexandria Intersects 11.20 g/t Au over 0.90 m at Valdora, Appoints Philippe Berthelot as Vice President of Exploration
April 24 2014 - 8:30AM
Marketwired
Alexandria Intersects 11.20 g/t Au over 0.90 m at Valdora, Appoints
Philippe Berthelot as Vice President of Exploration
TORONTO, ONTARIO--(Marketwired - Apr 24, 2014) - Alexandria
Minerals Corporation
(TSX-VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) is pleased to
report on the final assay results from the winter's drill program
on its Valdora property in Quebec, including high grade results
from 3 drill holes in the northern part of the property. Company
geologists are interpreting these assay results in conjunction with
past assay results as part of its planning for follow-up
drilling.
Alexandria also wishes to announce the appointment of Philippe
Berthelot, PGeo, as Vice President, Exploration. Mr. Berthelot has
more than 28 years of experience in the mining and exploration
industry with well-known companies such as Aur Resources,
Ressources Cartier and Alexis Minerals. He was instrumental in the
discovery of the Grevet deposit (which eventually became the
Langlois Mine), and in the delineation and growth of the Desjardins
Discovery, Lac Pelletier and Jolin gold deposits in Quebec. In
addition to his broader knowledge, he brings considerable expertise
to Alexandria as a result of his extensive prior experience with
Alexandria's properties in the Val d'Or area.
Eric Owens, President and CEO, stated, "We welcome Philippe to
an efficient, energetic and motivated team that has made
considerable progress over the last two years in difficult markets.
Most significant was our discovery and sale of the West Zone to
Agnico Eagle. As a result, Alexandria is well-positioned for
growth, with $5.5 million in the bank, and Philippe will be
important in this growth going forward."
On the exploration front, final assay results have been received
from the Company's winter time 9,368 m diamond drilling program on
the Akasaba and adjacent Valdora projects. Specifically, on its
Valdora property, high grade mineralization has been intersected in
the following drill holes:
|
VAX-13-007 |
4.11
g/t Au over 0.60 m in a broader zone assaying 0.58 g/t Au over
10.20 m |
|
VAX-13-008 |
14.00
g/t Au over 0.30 m and, separately, 11.20 g/t Au over 0.90 m |
|
VAX-13-009 |
3.42
g/t Au over 1.00 m |
The winter drill campaign was the first by Alexandria to test
these target areas on the Valdora property, and represents its
intent to broaden its program to find more Akasaba-like Au-Cu
mineralization over a larger part of the Company's 35 km long
Cadillac Break Group of properties. Previously announced results
from this winter program elsewhere on Valdora include 142.50 g/t Au
over 0.3 m and 5.29 g/t Au over 4.0 m (Press Release, February 20,
2014). Together with the recently completed IPower3D Induced
Polarization survey, Alexandria geologists are planning follow-up
drilling targets.
The Valdora property lies to the north and west of the Akasaba
property, and is underlain by geology similar to that at Akasaba,
with much the same geophysical characteristics. A number of
companies have conducted exploration activities on the property
since the 1930's, resulting in historical drill assays such as 4.8
g/t over 8.8 m including 29.2 g/t Au over 0.6 m and 26.6 g/t over
0.9 m, 5.8 g/t over 3.8 m including 42.6 g/t Au over 0.5 m, 7.3 g/t
Au over 3.1 m and 2.2 g/t Au over 15.2 m including 9.0 g/t Au over
3.1 m from six east-west trending target areas on the property.
Alexandria is committed to advancing its drilling program on this
property as the Company strongly believes that there is more gold
to be found that replicates these historical assays.
Elsewhere, the Company has been conducting a 4,000 m drill
program on its Sleepy deposit, located 12 km east of the Valdora
and Akasaba projects, as well as a 102 line-km Induced Polarization
survey on the western portion of its Cadillac Break group of
properties. Results are pending for both the drilling and
geophysics.
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 Mr. Berthelot and Emilie Batailler P.Geo. 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