• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

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

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

Randy Whitney by Randy Whitney
April 26, 2019
in Energy
3 min read
31
0
Focused on Gold Resource Expansion, Alexandria Begins 30,000 Metre Summer Drill Program at Orenada Zone 4

TORONTO, ONTARIO–ALXDF, (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.

NOTICE REGARDING FORWARD-LOOKING STATEMENTS: 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.

www.azx.ca

Alexandria Minerals Corporation
Mary Vorvis
Vice President, Corporate Development and Investor Relations
416-305-4999

Alexandria Minerals Corporation
Eric Owens
President/CEO
416-363-9372
info@azx.ca
www.azx.ca

Copyright © 2017 Marketwired. All Rights Reserved

Tags: Alexandria MineralsALXDFdrill programExpansionGold
Randy Whitney

Randy Whitney

Randy is a marketing specialist with experience creating content for sports and real estate in New York City. He has written for Major League Baseball and Cut4 as well as contributed creatively to the growth and development of startups around the country.

Related Posts

ComEd preps response to restore power outages caused by storm and strong winds
Energy

ComEd preps response to restore power outages caused by storm and strong winds

June 10, 2020
133
President Donald Trump inspired a rise in oil futures after he said a deal between Saudi Arabia and Russia is underway.
Energy

Oil slightly recovers after Trump said a deal between Saudi Arabia and Russia might be reached in a ‘few days’

April 2, 2020
151
Oil refineries and storage facilities are about to reach their maximum capacity as the pandemic continues to shock demand.
Energy

Oil prices are approaching ‘negative territory’ as production increases after OPEC+ cuts expire

April 1, 2020
118
Senator Ted Cruz said that he and other GOP senators ecently ripped into the Saudi ambassador against weaponizing oil prices.
Energy

Ted Cruz: GOP senators warned Saudi Arabia against using oil as ‘economic warfare’ against Americans

March 30, 2020
151
The U.S. solar market installed 13.3 gigawatts (GW) of capacity in 2019, new report reveals.
Energy

US solar installations are expected to grow 47% in 2020 but coronavirus crisis might have an impact moving forward

March 17, 2020
115
Monday has seen a rise on oil prices, the first after six sessions of losses triggered by the coronavirus outbreak
Energy

Oil recovers after six sessions of losses as OPEC+ mulls to impose further cuts

March 3, 2020
127
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.