Alexandria Drills 1.69
g/t Au over 36.09 m to Increase Shallow Gold Potential at Akasaba
Toronto, Ontario, February 15, 2011 �?" Alexandria Minerals
Corporation (TSX-V: AZX; Frankfurt: A9D) reports today on assay results
from 9 drill holes that include shallow, wide intersections, as well as
high grade intersections, expanding the near-surface gold potential at
its Akasaba gold-silver project in Val d�?TOr, Quebec.
Significant, wide intersections were received from holes drilled from 100
m to 600 m west of the past-producing Akasaba
Mine, aiding in the expansion and delineation of the western area low
grade zone:
IAX-10-110: 1.01 g/t Au over 47.26 m (30.37 m True Width, �?oTW�?�); vertical depth, 210 m
IAX-10-119: 1.69 g/t Au over 36.09 m (26.09 m TW); vertical depth, 110 m
IAX-10-120: 1.29 g/t over 13.60 m (9.61 m TW), southern lens, and 0.69
g/t Au over 12.00 m (8.48 m TW), north lens, separated by 12 m; vertical
depth, 120 m.
These follow-up step-out holes tested targets provided by Alexandria�?Ts initial round
of shallow drilling (less than 75 m depth) in early 2010. The results
deepen known gold mineralization in this area to below 100 m.
Furthermore, hole #110, the deepest of the holes located just 100 m west
of the mine, defines a down-plunge trend 175 m below and to the west of
drill hole IAX-10-72, which intersected 1.91 g/t Au over 63.3 m (TW) in
Spring of last year (See Press Release, June 17, 2010).
Table 1: Drill Hole Assay Result, Akasaba Project
Eric Owens, President of Alexandria Minerals, said, �?oTheseoutstanding
results strongly demonstrate the potential for shallow,bulk
tonnage mineralization at Akasaba. We are still
early in thisprogramme, and with the arrival of
two drill rigs shortly, we will beable to
accelerate the delineation of the mineralization�?Ts
fullerdimensions.�?�
In addition to these holes, DDH IAX-10-115, 300m west of the mine,
intersected 16.64 g/t Au, 16.20 g/t Ag, and 1.33 %Cu over 1.0 m, also at
a shallow depth of less than 100 m. Thepolymetallic
nature (Au-Ag-Cu) of the mineralization is a commoncharacteristic
at Akasaba, and, together with local high grade
zincassays (up to 6.31 % Zn over 0.3 m, in DDH
IAX-09-61), suggest ageologic model distinct
from some of the other targets on Alexandria�?Tslarge
Cadillac Break property group. Specifically, such characteristicsare
similar to either skarn or replacement deposits
or gold-richvolcanogenic massive sulfide
deposits, examples of which include theHorne Cu
(+Au) Mine in Noranda (10 million ounces of
gold produced) andAgnico-Eagle Mines�?T La Ronde Mine (9 million ounces of gold).
The first of two drill rigs will arrive at Akasaba
this week, with initial focus on shallow drilling in the mine area in
order to better determine the gold content in the un-mined veins (�?olenses�?�) immediately to the north of the underground stope.
However, 11,000 m of drilling out of 20,000 m planned, have been
detailed, including shallow and deep-level targets along much of the
target Mine Horizon. The second rig will arrive following completion of a
winter drill programme on the Company�?Ts Sleepy project, located 12 km east of Akasaba, where a 3-hole drilling programme
is underway.
To view the entire press release please click
here .
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