Alexandria Reports Wide Gold-Copper Intersections at Akasaba West Zone Including 178.50 m Grading 0.70 g/t Au Equivalent

Alexandria Reports Wide Gold-Copper Intersections at Akasaba West Zone 
Including 178.50 m Grading 0.70 g/t Au Equivalent 
TORONTO, ONTARIO -- (Marketwired) -- 06/27/13 -- Alexandria Minerals
Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF)
reported today on assay results from drilling received after the
release of the Company's National Instrument 43-101-compliant
resource update at Akasaba (Filed on SEDAR in March 2013). Notably,
DDH IAX-12-219 intersected 178.50 m grading 0.27 g/t Au plus 0.25% Cu
(0.70 g/t Au Equivalent, "Au Eq"), which indicates the West Zone
extends an additional 100 m below the 300 m deep Resource and is open
at depth. 
In March, 2013, Alexandria filed on SEDAR its updated resource
estimate for the Akasaba Gold-Copper project, issuing the following
resources (Initially reported on February 7, 2013): 


 
------------------------------------------------------
                           Indicated Resources        
------------------------------------------------------
                       Tonnage    Au Grade   Contained
Zone                                  (g/t)  Gold (oz.)
------------------------------------------------------
Underground            653,929        5.79     121,657
------------------------------------------------------
Main Pit(1)          3,009,214        1.37     132,475
------------------------------------------------------
Satellite Pit(1)                                      
------------------------------------------------------
West Zone Pit                                         
------------------------------------------------------
                                                      
------------------------------------------------------
Totals                                         254,132
------------------------------------------------------
 
---------------------------------------------------------------------------
                                           Inferred Resources              
---------------------------------------------------------------------------
                                                         Contained Cu in Au
                   Tonnage Au Grade Contained Cu Grade          Cu       Eq
Zone                           (g/t)  Au (oz.)      (%)        (Kg) (oz.)(1)
---------------------------------------------------------------------------
Underground      1,537,973     5.51   272,385                            
---------------------------------------------------------------------------
Main Pit(1)                                                              
---------------------------------------------------------------------------
Satellite Pit(1)   285,374     1.76    16,153                            
---------------------------------------------------------------------------
West Zone Pit   14,863,740     0.69   332,074     0.41  61,255,885  342,108
---------------------------------------------------------------------------
                                                                         
---------------------------------------------------------------------------
Totals                                620,612           61,255,885  342,108
---------------------------------------------------------------------------
 
Note 1: Au Eq, or Gold Equivalent, equals the grade of gold in g/t plus the
grade of copper expressed in equivalent value of gold in g/t based on
$1325/oz Au and $7.40/kg Cu

 
These results represented an increase of 9% for the Indicated
Resources and a 263% increase in the Inferred Resources over the
Company's initial resource estimate of a year earlier, with just
18,306 m of drilling during this time. The West Zone is now 500 m
long and 400 m deep, averaging some 60 m wide.  
Subsequent to the resource update, Alexandria announced step out
drill results from the West Zone (See Press Release, April 9, 2013),
including 81.65 m grading 0.53 g/t Au + 0.30% Cu (1.04 g/t Au Eq ) in
DDH IAX-13-232 and 41.00 m grading 0.22 g/t Au and 0.16% Cu (0.50 g/t
Au Eq ) in DDH IAX-13-234, located 50 m down-plunge from and 100 m
west of, respectively, the resource. Both holes show that the
gold-copper zone continues below and to the west of the resource. 
Of the holes reported here, assay results from IAX-12-218, 219 and
235 were not included in the resource update and represent
significant results from step-out targets. Highlights include the
following (see Table 1 at end of this release for greater detail):  


 
IAX-12-218  136.70 m grading 0.17 g/t Au and 0.15% Cu (0.43 g/t Au Eq),   
            including 10.50 m grading 0.30 g/t Au and 0.48% Cu (1.13 g/t  
            Au Eq), at a vertical depth of 250 m, located 100 m east of   
            the West Zone resource;                                       
 
IAX-12-219  178.50 m grading 0.27 g/t Au and 0.25 g/t Cu (0.70 g/t Au Eq),
            including 156.00 m grading 0.29 g/t Au and 0.27% Cu (0.76 g/t 
            Au Eq) at a vertical depth of 420 m, 100 m below the resource 
 
IAX-13-235  87.40 m grading 0.15 g/t Au and 0.13% Cu (0.37 g/t Au Eq) and,
            separately, 29.30 m grading 0.17 g/t Au and 0.16% Cu (0.44 g/t
            Au Eq) at a vertical depth of 320 m, 100 m west and 100 m     
            below the resource.                                           

 
Together, these three drill holes extend the West Zone to the east
and west at depths below 250 m. 
The following previously unreleased gold-copper intersections in
drill holes from the West Zone, drilled prior to the resource update,
indicate that the shallow, disseminated gold-copper mineralization is
much wider than reported in the resource update: 


 
IAX-12-202  203.70 m grading 0.28 g/t Au and 0.17% Cu (0.58 g/t Au Eq)    
IAX-12-204  67.20 m grading 0.32 g/t Au and 0.13% Cu (0.56 g/t Au Eq)     
IAX-12-211  94.00 m grading 0.27 g/t Au and 0.21% Cu (0.64 g/t Au Eq)     
IAX-12-212  102.90 m grading 0.27 g/t Au and 0.18% Cu (0.59 g/t Au Eq)    
IAX-12-214  94.00 m grading 0.48 g/t Au and 0.36% Cu (1.11 g/t Au Eq)     
IAX-12-215  116.50 m grading 0.43 g/t Au and 0.24% Cu (0.85 g/t Au Eq)    

 
In addition, two holes, DDH IAX-12-205 and 206, were drilled 100 m
and 200 m east of the presumed eastern edge of the West Zone, and the
latter, in particular, established that grades and widths above
potential open pit cutoff exist to the east, in between the west Zone
and the Akasaba Mine area. Furthermore, review of copper contents
from drill holes along the main Mine Horizon have also established
that open pit widths and grades extend beyond current open pit
resources. 
The Company is currently in progress with the compilation of more
than 70 years of historic data on the broader Cadillac Break group of
properties. As a result of this ongoing process the company has
delineated a number of drill targets on the property package over and
above the high priority area around Akasaba, and expects to delineate
more as this process nears its completion. 
Program design, management, and Quality Control/Quality Assurance are
governed by Alexandria's exploration group of which Peter Legein,
P.Geo, and Eric Owens, P.Geo, are the Company's Qualified Persons.
Mr. Legein and Mr. Owens reviewed the results in this press release.
All exploration work on the property is conducted under the direct
supervision of Emilie Batailler P.Geo. 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. 
Further information about the Company is available on the Company's
website, www.azx.ca, or our social media sites listed below: 
Facebook: https://www.facebook.com/AlexandriaMinerals 
Twitter: https://twitter.com/azxmineralscorp 
YouTube: http://www.youtube.com/AlexandriaMinerals 
Flickr: http://www.flickr.com/alexandriaminerals  
About Alexandria Minerals Corporation 
Alexandria Minerals Corporation is a Toronto-based junior gold
exploration and development company with one of the largest portfolio
of properties along the prolific, gold-producing Cadillac Break in
Val d'Or, Quebec. Global gold resources are distributed between three
projects on its Cadillac Break Property package, Akasaba, Sleepy, and
Orenada, the details of which can be found on the Company's website
at www.azx.ca. The Company is currently focused on advancing its
Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold
mines in the region, owns roughly 10% of the Company. 


 
Table 1. Assays in step-out drilling at the West Zone.
 
-------------------------------------------------------------------------
                              Length     T.W.    Au     Ag          Au Eq.
Hole #       From (m)  To (m)     (m)     (m)   g/t    g/t    Cu%    (g/t)
-------------------------------------------------------------------------
IAX-12-202     43.20  246.90  203.70  156.06   0.28   1.90   0.17    0.58
-------------------------------------------------------------------------
 including    149.00  159.00   10.00    7.65   0.59   2.10   0.34    1.18
-------------------------------------------------------------------------
 including    153.00  157.50    4.50    3.44   0.89   2.27   0.38    1.55
-------------------------------------------------------------------------
 including    191.40  217.40   26.00   20.33   0.80   3.17   0.36    1.41
-------------------------------------------------------------------------
IAX-12-204    167.70  234.90   67.20   52.71   0.32   1.55   0.13    0.56
-------------------------------------------------------------------------
 including    170.70  201.30   30.60   23.95   0.53   2.56   0.20    0.87
-------------------------------------------------------------------------
IAX-12-205     67.10   94.10   27.00   21.93   0.12   2.42   0.11    0.30
-------------------------------------------------------------------------
 including     84.60   92.10    7.50    6.08   0.17   2.31   0.16    0.44
-------------------------------------------------------------------------
IAX-12-206     39.00   98.30   59.30   49.25   0.20   1.24   0.10    0.38
-------------------------------------------------------------------------
 including     39.00   43.00    4.00    3.31   0.54   4.65   0.15    0.80
-------------------------------------------------------------------------
IAX-12-210    117.40  129.90   12.50   10.26   0.16   1.18   0.14    0.40
-------------------------------------------------------------------------
 including    118.40  126.00    7.60    6.23   0.18   1.31   0.18    0.49
-------------------------------------------------------------------------
IAX-12-211     84.00  178.00   94.00   77.63   0.27   1.54   0.21    0.64
-------------------------------------------------------------------------
 including     87.00   93.70    6.70    5.51   0.42   1.48   0.34    1.00
-------------------------------------------------------------------------
IAX-12-212    219.00  321.90  102.90   88.32   0.27   1.54   0.18    0.59
-------------------------------------------------------------------------
IAX-12-214    270.50  364.50   94.00   67.81   0.48   1.71   0.36    1.11
-------------------------------------------------------------------------
 including    270.50  332.00   61.50   44.21   0.56   2.10   0.50    1.44
-------------------------------------------------------------------------
 including    288.50  293.00    4.50    3.22   0.62   2.26   0.83    2.05
-------------------------------------------------------------------------
IAX-12-214    306.00  326.00   20.00   14.44   1.01   3.33   0.74    2.30
-------------------------------------------------------------------------
 including    308.90  314.00    5.10    3.68   1.51   4.41   0.90    3.08
-------------------------------------------------------------------------
IAX-12-215    221.00  337.50  116.50   88.15   0.43   2.02   0.24    0.85
-------------------------------------------------------------------------
 including    304.00  327.10   23.10   17.56   1.15   2.87   0.46    1.95
-------------------------------------------------------------------------
 including    304.00  308.00    4.00    3.04   2.31   3.33   0.57    3.29
-------------------------------------------------------------------------
IAX-12-218    244.00  380.70  136.70   97.65   0.17   1.96   0.15    0.43
-------------------------------------------------------------------------
 including    249.00  259.50   10.50    7.41   0.30   2.09   0.48    1.13
-------------------------------------------------------------------------
IAX-12-219    289.00  467.50  178.50   95.51   0.27   2.20   0.25    0.70
-------------------------------------------------------------------------
 including    307.00  463.00  156.00   83.61   0.29   2.38   0.27    0.76
-------------------------------------------------------------------------
 including    457.00  462.00    5.00    2.72   0.87   2.70   0.49    1.72
-------------------------------------------------------------------------
IAX-13-235    294.80  382.20   87.40   58.51   0.15   0.36   0.13    0.37
-------------------------------------------------------------------------
 including    364.10  375.00   10.90    7.36   0.35   0.89   0.28    0.84
-------------------------------------------------------------------------
 including    364.10  367.60    3.50    2.36   0.70   2.02   0.55    1.66
-------------------------------------------------------------------------
IAX-13-235    394.50  423.80   29.30   19.94   0.17   0.37   0.16    0.44
-------------------------------------------------------------------------
 including    394.50  408.00   13.50    9.18   0.21   0.47   0.21    0.57
-------------------------------------------------------------------------
 
Note 1: Au. Eq., or Gold Equivalent, equals the grade of gold in g/t plus 
the grade of copper expressed in equivalent value of gold in g/t based on 
$1325/oz Au and $7.40/kg Cu

 
WARNING: 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. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Alexandria Minerals Corporation
Andreas Curkovic
Investor Relations
(416) 577-9927 
Alexandria Minerals Corporation
Eric Owens
President/CEO
416-363-9372
info@azx.ca
www.azx.ca
 
 
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