Alexandria Intersects 12,48 g / t gold over 8,20 m at Akasaba and deepens the high grade zone to another 100 m

Alexandria Intersects 12,48 g / t gold over 8,20 m at Akasaba and deepens the high grade zone to another 100 m

30.05.2012 Toronto, Ontario – Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D; US: ALXDF) announced today, that it's high grade gold deposit at Akasaba, Val d'Or (Quebec) with a drill intercept of 5,59 g / t Au over 24,00 Meters (true width of 11,59 Meters), including 12,48 g / t Au over 8,20 Meters (true width: 3,96 Meter) by a further 100 Has m below the recently published NI 43-101 compliant deepened resource.

The assay results from diamond drill hole IAX 12-195 represent a convergence of two of the anastomisierenden Haupterzgänge, the bulk of the current resource in the recently published NI 43-101 compliant resource report (see press release dated 17. More 2012) make up, give. The gold zone now extends to a vertical depth of 600 Meters and remains open in several directions.

Eric Owens, President and CEO of the company, said: "The results are always better at Akasaba. As part of our geological model represents a merging of veins, that may have a larger content oz, ours exceeds resources below ground level, could be detected. Akasaba, with respect to drilling continues our priority and I want to stress, that the deposit remains open at depth and along strike is. "

Table 1. NI43-101 compliant resource estimate for Akasaba

The test results from other deep targets in the table below 2 listed. Numerous gold-bearing sections in the holes IAX 11-178, -182, -187 and -192 within and near the main mine horizon, of the current resource contains, testify to the pervasive and widespread distribution of gold in the project. Diamond drill hole IAX 11-187 intersected 15,20 g / t Au over 0,51 Meters in a vein in the south of the main mine horizon Dazitstrom-/Kuppeneinheit. Other holes also have high grade mineralization within the geologic unit intersected; such as borehole intersected IAX 10-65, the 600 Meters east of hole 187 is, in the dacite 15,9 g / t Au over 0,3 Meters (see press release dated 3. March 2010).

The investigation results of the drilling, which were due to the final phase of the recently published NI 43-101 compliant resource estimate in arrears, will be published shortly.

The program design, the program management and quality control / assurance is carried out by Exploration Group of Alexandria, at Peter Legein (P.Geo.) and Eric Owens (P.Geo.) The qualified experts of the company are. Mr. Owens and Mr. Legein reviewed the results in this press release. The corresponding NI Qualitätskontroll-/-sicherungsprogramm 43-101 and the industry-standard procedures and was previously in the NI 43-101 compliant technical report on the coverage areas of the Cadillac Break (February 2008) and the subsequent NI 43-101 compliant reports, can be found on the company's website or at www.sedar.com, addressed.

Weitere Informationen über das Unternehmen erhalten Sie auf der Webseite des Unternehmens unter www.azx.ca und auf unseren Social-Media-Pages, listed below:
Facebook: https://www.facebook.com/pages/Alexandria-Minerals-Corporation-AZXTSXV/186115074772628
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/

Table 2. Selected test results of deep drilling at Akasaba

Über Alexandria Minerals Corporation

Alexandria Minerals Corporation ist ein Junior-Goldexplorations- and development company based in Toronto, which one of the largest land parcels along the known gold producing area Cadillac Break in Val d'Or (Quebec) is. The company focuses primarily on the development of its projects Akasaba and Sleepy. Alexandria's total resources of the concession areas in the Cadillac Break, a length of 35 Kilometers, including, be 686.823 Ounces of gold in measured and indicated resource category and 718.688 Ounces of gold in the inferred category. Agnico-Eagle Mines Ltd. has two active gold mines in the region and is approximately. 10 % stake in the company.

For more information

PLEASE REFER TO
Andreas Curkovic, Investor Relations
+1-416-577-9927

Eric Owens, President/CEO
+1-416-363-9372
www.azx.ca
info@azx.ca

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=25221

Disclaimer

WARNING: This press release may contain forward-looking statements. These include, among other things, statements regarding the timing and content of upcoming work programs, the geological interpretation, the acquisition of concession areas, the potential mineral recovery processes, etc.. Forward-looking statements relate to 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 forward-looking statements are based on the possibility of recourse.

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release.

This entry was posted in News of the corporations, the rare earth metals and and tagged , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply