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TORONTO, ONTARIO--(Marketwire - June 25, 2009) - Alexandria Minerals
Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)
reported today further successful sampling results on its Akasaba gold property in Val d'Or. Surface rock chip samples
have revealed high gold, silver and copper contents up to 600 m from the Akasaba Gold Mine, where the Company recently
announced high grade gold drill intersections.
Geological crews are actively mapping, sampling and prospecting on the
property, with initial focus along a 1.6 km long Induced
Polarization (Chargeability) anomaly, which characterizes the favorable gold-bearing horizon. Surface rock chip
(grab) samples along this horizon have assayed up to 26.90 g/t Au, 54.6
g/t Ag, and 4.50% Cu, and 10.45 g/t Au, 26.8 g/t Ag and 2.04% Cu. Some
highlighted results from the programme are presented below:
------------------------------------------------------------ Sample Number Au Avg g/t Ag g/t Cu % ------------------------------------------------------------ 922720 1.43 0.2 0.04 ------------------------------------------------------------ 922801 26.90 55 4.50 ------------------------------------------------------------ 922756 1.70 2 0.18 ------------------------------------------------------------ 922757 1.50 18 1.31 ------------------------------------------------------------ 922760 9.54 18 1.40 ------------------------------------------------------------ 922782 1.22 9 1.08 ------------------------------------------------------------ 922766 1.73 0 0.05 ------------------------------------------------------------ 922770 10.45 27 2.04 ------------------------------------------------------------ 922771 2.77 17 1.38 ------------------------------------------------------------ 922772 2.24 15 1.23 ------------------------------------------------------------ 922812 0.99 15 2.71 ------------------------------------------------------------ 922775 1.79 12 0.65 ------------------------------------------------------------
Alexandria President Eric Owens said,
"These impressive results complement the success of our recent
drill holes. They show that gold mineralization is widespread on well
defined geophysical and geological targets at Akasaba,
and indicate potential for growth. We are excited about our ongoing
success at Akasaba and it has become the
focus of our field activities. Crews are continuing the mapping and
sampling program while the Company continues to compile the historic
data in preparation for the next round of drilling, expected to begin
later in the summer."
The Company completed its first round of drilling on the property
earlier this spring, where it tested the depth potential at on Lens D,
the northernmost of four gold zones at the past-producing mine. Hole
IAX-09-53, located 100
m below known gold mineralization, and
intersected 4.22 g/t Au over a core length of 10.53 m, including
24.50 g/t over a core length of 1.3 m (press release April 30, 2009). This
hole, and a second deeper hole, which intersected 57.65 g/t over 0.5 m, expanded the
gold zone to 300 m
depth (press release May 26, 2009).
In other matters, as part of the Company's efforts to increase its
profile, Alexandria has retained eResearch to
produce and disseminate 5 fact sheets over the next year, for which
Alexandria will pay to eResearch $4,000. There
is no prior relationship between Alexandria Minerals Corp. and eResearch, nor is there any prior direct or
indirect interest in Alexandria Minerals Corp. or its securities, or
any right to acquire such an interest, on the part of eResearch.
The results presented in this press release are exploratory in nature
and have been reviewed by the company's Qualified Persons, Eddy Canova,
PGeo, and Dr. Eric Owens, PGeo.
The surface sampling program is consistent with industry best
practices, and there is no guarantee that an economic gold deposit
underlies the property. The Company's QA/QC programme continues to be
adhered to: samples are recorded, bagged and sent to ALS Chemex Labs in Val-d'Or for preparation and 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.
Alexandria Minerals Corp. is a Toronto-based mineral exploration and
development company, focused on the exploration for precious metals on
mineral properties located in Northern Ontario and Quebec. The Company's management has
extensive global experience with small to large mining companies, from
grass-roots exploration to the exploitation of mineral deposits. The
Company is a reporting issuer in the provinces of British
Columbia, Alberta and Ontario.
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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