As part of ongoing technical activities, Alexandria geologists have been compiling and digitizing historical exploration data and that compilation is now some 70% complete over the broader property package. Analysis of historical holes, surface prospects, and past mining activity has identified a significant 7 km long copper-gold trend in and around the contact zone of the Center Post granitic stock.
Most of the historical drill holes, completed in the late 1960’s, were incompletely sampled, and most were not assayed for gold. Company geologists re-examined and sampled core from some of these historical holes and, combined with the historic assays, have yielded the following assay results:
91.4 m grading 0.37% Cu, including 26.2 m grading 0.93% Cu in hole D69-01
150.3 m grading 0.27% Cu and 0.85 g/t Au over 16.2 m, including 7.32 g/t Au over 1.5 m in hole D69-12
114.3 m grading 0.14% Cu in hole D69-14
211.5 m grading 0.22% Cu, including 149.4 m grading 196 ppm Mo in hole D69-05
These particular holes identify a disseminated Cu-Mo-Au zone 150 m wide and more than 300 m length, in and around the contact between granitic rocks and volcanic rocks.
An initial 10-hole, 2,600 m drill program has been planned to test an Induced Polarization anomaly, which extends for 3.5 km east-west along the length of the Cu-Au-Mo trend on the Ducros property.
In other activities, Alexandria has been drilling on its Akasaba project where it has completed 11 drill holes and deepened 2 previous Alexandria drill holes, totaling 5,048.0 meters. These holes are testing three principal targets, all defined by Induced Polarization ("IP") anomalies: 1) deep targets below the Current Resources in the Akasaba Mine area, 2) relatively shallow targets in the Kettle Zone, a strong, 1,000 m long IP anomaly about 600 m east along strike with the Mine area Resources, and 3) follow-up drilling on the Valdora project, offsetting a hole which intersected 142 g/t Au over 0.3 m. Assays are pending for these holes.
Elsewhere, Company geologists have also put together preliminary targets from the 3rd and final Induced Polarization survey completed last winter on the Company’s Annamaque Property, located 3 km northwest of the Akasaba property. Significant IP anomalies have been identified in areas which have not been previously drill tested, and which lie along strike with known gold mineralization.
Program design, management, and Quality Control/Quality Assurance are governed by Alexandria’s exploration group of which Philippe Berthelot, P.Geo, is the Company’s Qualified Person. Mr. Berthelot has reviewed the results in this press release. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101 reports found on the Company’s website or on www.sedar.com.
