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Alexandria Begins Drilling on 7 km Long Gold-Copper Anomaly

25 Sep 2014

TORONTO, ONTARIO–(Marketwired – Sept. 25, 2014) – Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) is pleased to provide an update of its exploration activities on the western half of its 35 km long Cadillac Break property package in Val d’Or, Quebec, including the beginning of a first-pass drill campaign on its Ducros property to test 3.5 km of a 7 km long copper-gold anomaly extending over 5 of the Company’s properties.

As part of ongoing technical activities, Alexandria geologists have been compiling and digitizing historical exploration data and that compilation is now some 70% complete over the broader property package. Analysis of historical holes, surface prospects, and past mining activity has identified a significant 7 km long copper-gold trend in and around the contact zone of the Center Post granitic stock.

Most of the historical drill holes, completed in the late 1960’s, were incompletely sampled, and most were not assayed for gold. Company geologists re-examined and sampled core from some of these historical holes and, combined with the historic assays, have yielded the following assay results:

  • 91.4 m grading 0.37% Cu, including 26.2 m grading 0.93% Cu in hole D69-01
  • 150.3 m grading 0.27% Cu and 0.85 g/t Au over 16.2 m, including 7.32 g/t Au over 1.5 m in hole D69-12
  • 114.3 m grading 0.14% Cu in hole D69-14
  • 211.5 m grading 0.22% Cu, including 149.4 m grading 196 ppm Mo in hole D69-05

These particular holes identify a disseminated Cu-Mo-Au zone 150 m wide and more than 300 m length, in and around the contact between granitic rocks and volcanic rocks.

An initial 10-hole, 2,600 m drill program has been planned to test an Induced Polarization anomaly, which extends for 3.5 km east-west along the length of the Cu-Au-Mo trend on the Ducros property.

In other activities, Alexandria has been drilling on its Akasaba project where it has completed 11 drill holes and deepened 2 previous Alexandria drill holes, totaling 5,048.0 meters. These holes are testing three principal targets, all defined by Induced Polarization (“IP”) anomalies: 1) deep targets below the Current Resources in the Akasaba Mine area, 2) relatively shallow targets in the Kettle Zone, a strong, 1,000 m long IP anomaly about 600 m east along strike with the Mine area Resources, and 3) follow-up drilling on the Valdora project, offsetting a hole which intersected 142 g/t Au over 0.3 m. Assays are pending for these holes.

Elsewhere, Company geologists have also put together preliminary targets from the 3rd and final Induced Polarization survey completed last winter on the Company’s Annamaque Property, located 3 km northwest of the Akasaba property. Significant IP anomalies have been identified in areas which have not been previously drill tested, and which lie along strike with known gold mineralization.

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. 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 three producing gold mines in the region, owns roughly 9% 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.

CONTACT INFORMATION

  • Alexandria Minerals Corporation
    Eric Owens, PGeo
    President/CEO
    (416) 363-9372Alexandria Minerals Corporation
    Mary Vorvis
    Vice-President Corporate Development & Investor Relations
    (416) 305-4999
    info@azx.ca
    www.azx.ca