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Press Releases Alexandria Releases NI 43-101 Compliant Resource Estimate for Orenada Gold Deposit, Val d'Or TORONTO, ONTARIO--(Sept. 16, 2009) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) reported today that it has released its first resource estimate at its 100%-owned Orenada property in Bourlamaque Township, Val d'Or, Quebec. The mineral resource estimates, which are National Instrument ("NI") 43-101 compliant, were completed by independent Qualified Persons at A. S. Horvath Engineering Inc. in Ottawa and at Tech2Mine Inc. in Val d'Or, and verified by Geologica Groupe-Conseil Inc., an independent geological consulting firm based in Val d'Or. Measured, Indicated and Inferred Resources have been identified in two principal near-surface zones, Orenada 4 and, located 600 m east along the Cadillac Break, Orenada 2. Highlights of these results are:
Because the deposit is open along strike and at depth, Geologica recommends a follow-up drilling programme of 15,000 m in an effort to up-grade existing resources and build further resources. Eric Owens, President and CEO of Alexandria, said, "This resource estimate of the near-surface Orenada Zones 2 and 4 has surpassed our expectations. We have increased the resources four-fold over historical estimates, and we have demonstrated considerable potential for further growth at the project. This is an important milestone for Alexandria, one which brings us further down the road toward development." Due to the positive results from the study, and to the property's favorable location in the infrastructure-rich Val d'Or mining district, the Company has begun an NI 43-101 compliant preliminary economic assessment, to be completed in the Fall of 2009, as the next step in Orenada's development. Summary of Orenada Resources (1.0 g/t Au Cut-Off, 0-250 m depth) Orenada 2 and Orenada 4 were initially discovered in the 1930's, and were subject to 5 decades of exploration, culminating in an in-house resource estimation by Aur Resources Inc. in 1991 of 2.1 million tons grading 0.046 oz Au /ton (1.4 g/t Au). During this period a bulk sample of 72,000 tonnes was taken and processed at the nearby Aurbel plant, in the eventuality of operating an open pit type of gold mine. Also during that time, a 1,000 foot shaft was sunk, and two exploration drifts were constructed at the 500 foot and 800 foot depths. The geostatistical evaluation of the diamond drill hole and chip sample assay results were performed by Alex Horvath, QP, of A. S. Horvath Engineering Inc. from Ottawa. Block Modelling was performed using Gemcom by Robert Duchesne of Tech2Mine Inc. in Val-d'Or. Geological interpretation and geological database compilation of Orenada was performed by E.Canova, QP, of Alexandria Minerals Corporation. The Independent Qualified Persons for the NI 43-101 are Alain-Jean Beauregard, P. Geo., OGQ, FGAC and Daniel Gaudreault, P. Eng., OIQ, both of Geologica. This Press Release has been reviewed by all parties, and the technical report for this resource estimate will be filed on SEDAR within 45 days. Programme design, management, and Quality Control/Quality Assurance is governed by Alexandria's exploration group, of which Eddy Canova, PGeo, and Eric Owens, PGeo, are the Company's Qualified Persons. Mr. Canova supervises the technical activities of the Company. The QA/QC programme is consistent with NI 43-101 and industry best practices; this will be summarized in the technical report, but has previously been addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008). The Company currently has approximately $1.8 million in cash and short term assets available to complete the next stage programs on its Orenada property as well as on its other two principal properties, Akasaba and Sleepy, located 15 km east and 25 km east of Orenada, respectively. The coming months will see the Company produce a 43-101 compliant economic assessment for Orenada, a 43-101 compliant resource estimate for Sleepy, and the second drill programme at Akasaba, where the company has had considerable recent success. For further information on each of these properties, please visit www.azx.ca or view the interactive map at http://www.gisready.com/alexandriaWEBdata/default.aspx. About Alexandria Minerals 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: 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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17 | Alexandria Minerals Sprott investiert 2,5 Million | bmuesli | Midas13 | 24.04.21 23:07 | ||
12 | 104 | Alexandria Minerals | Ohio | Balu4u | 15.01.14 12:32 | |
6 | 14 | Warum Alexandria Minerals bei Rohstoffraketen.de | deluxxe | brunneta | 11.09.13 07:59 | |
2 | 4 | ALEXANDRIA MINERALS Finanzierung | plusquamperfekt | plusquamperfekt | 22.05.07 13:56 |