MINERALS CORPORATION
For Immediate Release News
Release ___________________________________________________________
Alexis Identifies New Resource Areas adjacent to Lac
Herbin Mine and Two Areas with Mine Discovery Potential
May 27, 2009, Toronto, Ontario: ALEXIS MINERALS CORPORATION (AMC: TSX) is pleased to report recent exploration
drilling results on the 100 sq. km., wholly owned Aurbel Property,
approximately 10 km. northeast of Val d'Or, Quebec. Results confirm excellent
potential for both increased resources at the Lac Herbin mine and potential for
further new mine discoveries on the Aurbel property. A
total of 22,946 m
of surface and underground drilling was completed during Q1 - 2009.
Exploration during the quarter identified:
?
continuation of the Lac Herbin mine mineralization
to the East;
?
two new areas with mine discovery potential, namely
the Lac Herbin Zone approximately 1.0
km to 1.3 km West of the Lac Herbin Mine; and, the NEF
Showing, 4.0 km
Northeast of the Lac Herbin Mine; and,
?
additional
potential at depth beneath the Dumont Mine [see
Press Release: May 07, 2009].
The following text highlights and reviews the
most noteworthy results in these areas. A full assay listing of results is
available on the website version of this news release at www.alexisminerals.com.
.
Lac Herbin Mine: (Immediate Mine Area)
Underground drilling continues to focus on
replacing and increasing reserves at the mine. The principal discoveries in the first
quarter were on the Bonanza Zone East, S1 Zone Extension East and the Apex Zone. The typical narrow vein deposit in the Val
d'Or area of Quebec
generally replaces the mined reserve year on year. The results to date in these
three zones indicate the strong possibility of not only replacing, but
increasing resources by year end.
Bonanza Zone Extension - 250 m East of the Lac Herbin Mine
o 6.3 g Au/t over 1.5 m (1.5 m true thickness) in hole
LH01-254
o 17.4 g Au/t over 1.5 m (1.5 m true thickness) in hole
LH01-255
S1
Zone Extension - 75 m East of the Lac Herbin Mine
o
7.8 g Au/t over 1.7 m (1.5 m
true thickness) in hole LH01-252
Apex
Zone - the immediate up-dip, near surface
continuation of the Lac Herbin mine
o
66.5 (27.0 cut*) g Au/t over 1.3 m in hole AMAR-107;
o
13.9 g Au/t over 0.7 m in hole AMAR-111
(Cut* - Upper cut-off factor for high grade assay results on 34.39 Au
g/t.)
The Lac Herbin West Zone: (1.0 to 1.3 km West of Lac Herbin Mine).
A significant new prospective area, termed the
Lac Herbin West Zone, was identified when surface drilling evaluated a broad
area along the western strike extension of the Lac Herbin mine. Management
believes this new area has the potential to develop into a new gold deposit.
Drilling on sections 1000 m
and 1300 m west
of the mine has confirmed significant gold values in three different converging
shear zones and covering at least 400 m
of strike length. The structural setting and assay results in this area are
very reminiscent of early stage exploration results from the Lac Herbin
deposit. Results include:
8.4 g Au/t
over 1.8 m; 8.5 g
Au/t over 0.8 m; and 5.3 g Au/t over 1.2 m
(1.0
km W) in hole
AMAR-97;
8.2 g Au/t
over 0.9 m; 23.6 g Au/t over 0.9
m; 3.6 g
Au/t over 2.0 m;
and 14.3 g Au/t over 0.5 m (1.3 km W) in hole AMAR-104;
Numerous intersections
of tensional veins were returned, including:
?
6.1 g Au/t
over 1.6m, 8.4 g Au/t over 0.5 m, (1.0
km W) in Hole AMAR 94
NEF Showing:(
4.0 km NE of the Lac Herbin Mine).
Surface drilling has been initiated in the 8
sq. km. area of NEF Showing, in the central part of the property and 4 km
NE of Lac Herbin Mine. Prior drilling encountered 6.7 g Au/t over
4.0 m. in one of seven widely-spaced, historical holes. Two holes have recently been completed, 220
m and 900 m west of the showing, on structures interpreted to resemble a repeat
of the Lac Herbin structural environment. Both holes are encouraging from a
structural perspective and both have returned auriferous values. Additional
drilling is currently being focused in this area.
6.8 g Au/t
over 0.6 m and 3.8 g Au/t over 0.4 m (900 m west) in hole
17421-02;
6.9 g Au/t over 0.7 m (220 m west) in hole 17421-04
Historical intersection: 6.7 g Au/t over 4.0 m (Hole 2102-51)
Enhancing Regional Production Potential
Alexis will focus additional surface exploration to
investigate the potential depth extension of the Dumont Mine [see Press Release: May 07, 2009]; and,
in the area of both the Lac Herbin West and NEF areas. Underground drilling
continues to focus on the eastern extension of the Bonanza and S1 zones as well
as on other targets in the immediate mine area.
The Aurbel property, outside of the known
Ferderber, Dumont and Lac Herbin Mines, has seen limited historical exploration
with an average of one 200-m hole for everyone square kilometre
of the property. Current exploration is guided by a new structural model
developed from evaluation of the three mines.
Twelve additional surface drill holes on the
Aurbel property, selected for geophysical and structural potential, were
completed in a program to test a variety of structural targets identified
through reinterpretation of available property geophysics. Numerous shear zones
were encountered which returned low values and weak veining. Several of these
areas may also prove prospective through further exploration. Assay results are
pending receipt.
Quality Control:
The technical and scientific content of this press
release has been reviewed by Mr. Jean Girard, Eng., and Claude Gobeil, P.Geo., who are employees of the Company and Qualified
Persons as defined under NI 43-101 guidelines. Assay samples are taken from NQ
or BQ core, sawed in half with one half sent to a commercial laboratory and the
other half retained for future reference. A strict QA/QC program is followed on
samples from drill core that includes mineralized standards, blank and field
duplicate for each batch of samples. Analyses are performed by ALS Chemex of Val
d'Or, Qu?bec.
About
Alexis Minerals
Alexis Minerals Corporation is a Canadian mining company listed on the Toronto
Stock Exchange (symbol "AMC").
The Company owns one producing gold mine in Val
d'Or and the right to earn a 100% interest in the Lac
Pelletier gold property in Rouyn-Noranda. Alexis undertakes exploration in the
mineral rich Val d'Or (100% ownership of 212 sq. km.) and Rouyn-Noranda Mining
Camps (50% ownership of 785 sq.km and in joint venture with Xstrata Copper).
Further information about Alexis Minerals can be found at its website: www.alexisminerals.com
Contact Information:
David Rigg, President and CEO
Tel: (416) 861-5889
Fax: (416) 861-8165
Bruce Barch, Louis
Baribeau,
VP Investor & Corporate Affairs Relationniste
Tel: (416) 8615905 Tel:
(514) 6672304
bruce.barch@alexisminerals..com deconsul@videotron.ca
Email: info@alexisminerals.com Website:
www.alexisminerals.com