Alexandria Minerals Intersects Visible Gold-Bearing Veins with up to 30.52 g/t Gold over 2.65 meters at Orenada

 

TORONTO, ONTARIO--(Marketwired - Feb. 1, 2017) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(OTC PINK:ALXDF) ("AZX" or the "Company") is pleased to report the first results received from its current drill program at Orenada Zone 4 in Val d'Or, Quebec. These results include high grade assays of up to 42.50 g/t Au over 1.50m, part of a wider zone assaying 30.52 g/t Au over 2.65m.

 

Highlights

 

Hole OAX-17-084, intersected multiple veins with up to 42.50g/t Au over 1.50m, 16.30g/t Au over 1.20m, and 14.90 g/t Au over 1.15m

Visible gold was observed in four veins between 150.00m to 190.00m

Results confirm multiple high-grade gold-quartz veins and vein sets to the west of recently-drilled Alexandria drill holes

Current drilling is still relatively shallow (<300m), expanding the near-surface potential of Zone 4

Eric Owens, President and CEO of Alexandria, states, "This is a great start for our 2017 winter program. We have already shown growth along strike and beneath previously tested flat south-dipping, gold-bearing veins. We expect further positive results as we progress, and anticipate that, as a result, our 12,500m drill program will grow larger."

 

To view Figure 1, Cross Section for DDH OAX-17-084, see the following link: http://media3.marketwire.com/docs/Alexandria_Figure1.jpg

 

To view Figure 2, Drill Hole Location Map, Zone 4, superimposed on geology (Current drill holes are in red), see the following link: http://media3.marketwire.com/docs/Alexandria_Figure2.jpg