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As of 3:55 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

alexandria minerals corp (AZX) Snapshot

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alexandria minerals corp (AZX) Details

Alexandria Minerals Corporation, a development stage company, acquires, explores, and develops mineral resource properties in Abitibi Belt in northern Quebec and Ontario, Canada. The company explores for copper, gold, silver, and zinc ore deposits. It primarily focuses on exploring the Cadillac Break property group consisting of 662 claims in Val d’Or, Quebec. The company was founded in 2002 and is headquartered in Toronto, Canada.

Founded in 2002

alexandria minerals corp (AZX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$178.7K
Chief Financial Officer
Total Annual Compensation: C$119.1K
Vice President of Corporate Development
Total Annual Compensation: C$151.0K
Compensation as of Fiscal Year 2014.

alexandria minerals corp (AZX) Key Developments

Alexandria Minerals Corporation Announces First Drill Hole Assay Results from its Wintertime Exploration Drilling Program on the Western Half of its Cadillac Break Properties

Alexandria Minerals Corporation announced the first drill hole assay results from its wintertime exploration drilling program on the western half of its Cadillac Break Properties, Val d’Or, intersecting 111.3 meters grading 1.24 grams/tonne (“g/t”) gold from 171.5 meters to 282.8 meters downhole, an interval which includes a number of high grade gold-bearing veins, up to 25.30 g/t gold over 0.9 meters. In the first of two holes testing for high grade gold veins within Orenada Zone 4, Diamond drill hole OAX-15-054 intersected several high grade gold veins carrying more than 5 g/t gold, which occur within the Cadillac Break shear zone near the southern boundary of the East Sullivan Granitic Porphyry Intrusion. Hole OAX-15-054 was the first of two boreholes drilled within the Zone 4 2009 NI 43-101 resource envelope to test the new model. It was drilled with a core-orienting system to collect structural data and will be surveyed with optical borehole imaging to confirm the measurements. Assays are pending for part of the first hole and all of the second hole.

Alexandria Minerals Corporation Begins Drilling Copper-Gold Zone in Val d'Or

Alexandria Minerals Corporation provided an update of its activities, including the start-up of drilling on the western half of its 35 km long Cadillac Break property package in Val d'Or, Quebec, where the company is testing a portion of a 7 km long copper-gold trend in and around the contact zone of the Center Post granitic stock. Upcoming Exploration Activities: Alexandria is beginning a 2,500 m drill campaign on its Ducros-Oramaque-Orenada properties to test for Cu-Au mineralization along the 7 km long Cu-Au trend which have had reported historical drill hole assays of 91.4 m grading 0.37% Cu, including 26.2 m grading 0.93% Cu, in hole D69-01 and 150.3 m grading 0.27% Cu, and 7.32 g/t Au over 1.5 m, in hole D69-12. Following Alexandria's discovery of the Akasaba West Zone Cu-Au deposit in 2012 and its resource estimate in 2013, Alexandria geologists began placing greater emphasis on Au-Cu-Mo targets similar to that at the West Zone, with focus on the western half of its Cadillac Break property group in Val d'Or. Previous drilling by Alexandria along this zone before the winter freeze-up yielded assays of 170m grading 0.12% Cu and 0.06g/t Au, with local higher concentrations of 0.31% Cu and 0.06g/t Au over 12m and 0.12% Cu and 0.11g/t Au over 39m (DDH DAX-14-01). These assays reflect the broad stockwork-like copper sulfide mineralization observed in the granitic and adjacent volcanic rocks in the drill core. The boggy conditions prevented testing of Alexandria's principal targets which can be tested now that the ground is frozen.

Alexandria Minerals Corporation Begins Drilling on 7 Km Long Gold-Copper Anomaly

Alexandria Minerals Corporation provided an update of its exploration activities on the western half of its 35 km long Cadillac Break property package in Val d'Or, Quebec, including the beginning of a first-pass drill campaign on its Ducros property to test 3.5 km of a 7 km long copper-gold anomaly extending over 5 of the company's properties. 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 anomalies: deep targets below the Current Resources in the Akasaba Mine area, 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 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.


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