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Alexandria Drills 3.18 g/t Gold Over 6.60
meters at Orenada 4; Begins Titan Survey
Toronto, Ontario - Sept 5, 2007 - Alexandria Minerals
Corporation (TSX-V: AZX; Frankfurt: A9D) intersected 2.11 g/t gold over 17.05
meters, including 3.18 g/t gold over 6.60 meters at Orenada 4, continuing its success
at depth on this zone (all widths core lengths).
To-date, the Company has completed 9,132 meters of drilling
since early June, and is drilling with 2 drill rigs on the Orenada
2 and Orenada 4 zones. Results remain pending for 15 holes.
Diamond Drill Hole OAX-07-6 intersected
the Orenada 4 zone 80 meters above previously announced hole OAX-07-13,
which hosted visible gold and assayed 3.24 g/t gold over 10.50 meters
(Press Release August 15, 2007). These drill results indicate that strong
gold mineralization occurs down plunge over significant widths at depth at
Orenada 4, and supports the Company's decision to continue testing further
down-plunge. An updated longitudinal section showing recent drilling at
Orenada can be viewed by visiting the Company's website at www.azx.ca or with the link
http://www.azx.ca/currentdrilling.asp.
Exploratory drilling on the
Airport (AAX-07-19) and Mid-Canada (AAX-07-20 and 21) properties, testing geophysical targets, have yielded
weakly anomalous gold values. However, partial assay results have been received to
date from Hole AAX-07-22, which tested a geophysical anomaly near the Centre Post Intrusion,
on the Orenada property. These results returned 0.38 g/t gold over 11.70 meters
(core length), hosted in sheared and altered syenite and diorite, near the southwestern
margin of the intrusive.
Separately, the Company has begun
a 5-line Titan 24 survey with Quantec Geoscience over the Orenada 4 and
Orenada 2 areas. The Titan survey can measure rock resistivity and
chargeability to a depth of 750 meters and magnetotelluric resistivity
down to 1.5 kilometers. This survey will assist in defining deeper drill
targets on the Orenada property.
The results presented in this
press release are exploratory in nature and have been reviewed by the
company's Qualified Person, Eddy Canova, PGeo. The drilling program
employs a Quality Assurance/Quality Control program consistent with NI
43-101 and industry best practices. Drill core is NQ-sized, and is logged,
sampled and split at the Company's Val d'Or office, in intervals of 0.3
meters to a maximum of 1.5 meters. The samples are recorded, bagged and
sent to Bourlamaque Assay Lab in Val-d'Or for assay. Samples are analyzed
for Au, Ag, Cu and Zn, via a 30 gram pulp by FAA for Au and AA for Ag, Cu
and Zn. Re-assays by FA gravimetric finish are performed on samples
assaying greater than 1.0 g/t Au and re-assays greater than 5.0 g/t Au are
checked a second time by FA gravimetric finish.
WARNING: The Company relies upon litigation
protection for "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
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
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