Sold Alexandria 14 Claims of the West project area for 5 Million $ an Agnico Eagle

 

TORONTO, ONTARIO–(14. January 2014) – Alexandria Minerals Corporation (“Alexandria ” or the “Business”) (TSX VENTURE:AZX)(PINKSHEETS:ALXDF)(FRANKFURT:A9D) are known, that the company is on 13. January 2014 (the “Closing Date”) a definitive purchase agreement project (the “Project Purchase Agreement”) and NSR-fee agreement about 2 % (“NSR” or “Fee”) mit Agnico Eagle Mines Limited (“Agnico”) has signed and completed.

In accordance with the provisions of the Purchase Agreement Alexandria project has to Agnico for 5.000.000 $ in cash the mineral rights to the gold-copper project West Zone, from the 14 Bergbauclaims in den Townships Bourlamaque und Louvicourt in Quebec besteht, sold. Alexandria is from a production volume of 210.000 Ounces of gold from the corresponding claims about a NSR to 2 % involved in the production.

Eric Owens, President und CEO von Alexandria Minerals, to: “We are extremely excited about the sale of the Claims of Agnico Eagle, a dedicated and leading international gold producer. In 2010 Agnico has for the first time made a strategic investment in Alexandria and to 10 % involved as partners. We look forward, continue to expand our business relationship with this company. This transaction is for us also the confirmation, that we are right with our commitment to Val d'Or. The region is not only home gold deposits with several million ounces, it also offers the possibility, Create value from the smaller deposits and simultaneously advance exploration in the larger deposits.”

The West Zone project is a new discovery, According to the derived estimate resources (gemäß National Instrument 43-101) in the amount of 14.863.740 Tonnes at a head grade of 0,69 g / t Au and 0,41 % With, for 332.074 Ounces of gold and 61.255.885 Kilograms of copper, contains (Estimate by Christian d'Amours of Geopointcom, Val d'Or; see also press release from the Alexandria 7. February 2013).

In addition to the payment of the lump-sum purchase price of 5.000.000 $ apply to the sale of the following conditions:

– Alexandria is from a production volume of 210.000 Ounces of gold over a NSR to 2 % an der Metall Production beteiligt

– Agnico is entitled, half of the royalty interest, also 1 %, for around 7.000.000 $ repurchase of Alexandria and also gets the right of first refusal for the remaining NSR 1 %

– Agnico is for the fees already existing, with which the Claims are occupied, responsible

– Alexandria is entitled, to enable decommissioning and reclamation of the conveyor operation as first an offer to repurchase the Claims 1 $ Add to

The sale Alexandria has a working capital of approximately. 6 Million $ and continues the exploration work in his big concession package Cadillac Break in the form of diamond drilling and geophysical surveys

Alexandria is looking forward to 2014

Make The Claims of the West Zone 2 % of Alexandria's Cadillac Break Property package from. Alexandria behält 662 Claims totaling 676 Claims, which extend to both sides of the tectonic zone Cadillac Break. The land parcel is one of the largest, most promising, the least explored and related mineral concession areas in the Val d'Or. Alexandria has the Claims east of the West Zone, on which the mine is located Akasaba. Here, the company first began drilling at the project site.

The company is currently conducting a drilling program 10.000 Meters by. The first phase of the program focused on the concession area Valdora north of Akasaba and serves the exploration of target areas, the Akasaba are similar. Meanwhile was commenced drilling in the North Zone of Akasaba, where four holes are drilled at a shallow depth, to explore the disseminated mineralization near surface. The results are not yet available.

Then Alexandria holes in his Sleepy project 15 perform km east of Akasaba. The company is both below and east of the inferred resource (1,5 Million tonnes at a grade of 3,0 g/t – Estimate by Christian d'Amours of Geopointcom; see news release dated 29. October 2009) Bring down step-out holes.

In the last two years, the company with step-out holes on a smaller scale had pretty great success. In diamond drill hole SAX-11, 009 were a -16,96 m wide section (true width, “TW”) with 6,82 g / t Au intersected, were in a hole SAX 13-025 13,31 m wide area with 3,83 g / t Au and – separately – a portion of 2,65 m TW mit 6,92 g / t Au cut (Press releases from 8. September 2011 and 15. More 2013). Alexandria is the opinion of, dass Sleepy huge Ressourcenpotenzial birgt.

Alexandria also has a large-scale geophysical survey program in its projects Valdora, Akasaba, Annamaque, Oramaque, Sabourin and Ducros initiated, which consists primarily of IP measurements. The investigations extend over large areas of the western half of the Cadillac Break-Concessions and will provide the Company geologists additional decision support for the selection of future drilling targets.

For more information, visit the company's website under www.azx.ca or on our subsequent Social-Media-Pages:
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/

Eric Owens (PGeo) und Emilie Batailler (PGeo) have reviewed the contents of this press release. All exploration work on the project site occur directly under the supervision of Mr. Batailler. Alexandria's quality control corresponds to the NI 43-101 and the industry-standard state of the art and has been in the NI 43-101 compliant technical report on the concession areas Cadillac Break in February 2008 and in the subsequent NI 43-101 compliant reports, the or on the Company's website. are available on www.sedar.com, described.

Über Alexandria Minerals Corporation

Alexandria Minerals Corporation ist ein Junior-Goldexplorations- and development company based in Toronto, the one of the largest concessions portfolio along the known gold producing area Cadillac Break in Val d'Or (Quebec) is. In general, the gold resource between three projects spread on the property grounds Cadillac Break: Akasaba, Sleepy und Orenada. Details can be found on the company's website (www.azx.ca). Agnico Eagle Mines Limited is equipped with three gold production companies in the region to close 9 % stake in the company.

CAUTIONARY NOTE: This press release may contain forward-looking statements. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those, projected in such statements. Alexandria Minerals Corporation relies upon forward-looking statements on its legal. 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.

Alexandria Minerals Corporation
Mary Vorvis
Corporate Development Director
(416) 305-4999

Alexandria Minerals Corporation
Eric Owens, PGeo
President/CEO
(416) 363-9372
www.azx.ca

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

Those: IRW-Press.com.

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

Comments are closed.