Alexandria Minerals Corporation: 89.10m of 1.09g/t Gold Intersected in Near-Surface Zone in Cadillac Break at Val d'Or

4/25/2007
 

TORONTO, ONTARIO, Apr 25, 2007 (CCNMatthews via COMTEX News Network) --

Alexandria Minerals Corporation (TSX VENTURE:AZX) (Frankfurt:A9D) reports that infill sampling of drill core from diamond drill holes AAX-07-9 through AAX-07-11 has yielded substantially greater widths of gold mineralization than previously reported (March 27 and March 29, 2007) on the Oramaque and Orenada Properties, including AAX-07-11 which intersected 89.10 m grading 1.09 g/t gold, from 58.90 m to 148.00m (drilled length).

Recalculated widths and grades of infill sampling of previously un-sampled core in the three holes are summarized in bold in the table below:



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From True Width
Hole ID (m) To (m) Au Grade (g/t) Drill Width (m) (m)
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AAX-07-9 386.34 410.18 0.95 23.84 19.69
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Including 393.21 410.18 1.47 16.97 14.02
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and 393.21 403.39 1.97 10.18 8.41
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and 401.39 403.39 6.84 2.00 1.65
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and 402.39 403.39 13.23 1.00 0.83
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427.62 428.62 7.24 1.00 0.83
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AAX-07-10 289.00 399.10 0.50 110.10 90.28
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Including 289.00 293.95 0.89 4.95 4.06
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and 300.65 324.00 0.48 23.35 19.15
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and 329.15 330.40 1.68 1.25 1.02
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and 333.30 346.50 0.35 13.20 10.82
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and 352.40 360.45 0.24 8.05 6.60
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and 363.70 372.30 1.65 8.60 7.05
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and 363.70 367.90 2.98 4.20 3.44
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and 379.85 383.70 2.06 3.85 3.16
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and 388.10 390.20 5.66 2.10 1.72
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432.35 433.10 2.79 0.75 0.61
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AAX-07-11 46.90 160.00 0.94 113.10 78.99
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Including 58.90 148.00 1.09 89.10 62.23
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and 64.50 70.00 1.14 5.50 3.94
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and 92.20 98.00 1.20 5.80 4.15
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and 134.40 160.00 2.89 25.60 18.32
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and 135.40 148.00 5.29 12.60 9.02
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183.70 192.20 1.16 8.50 6.08
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Including 183.70 186.20 2.79 2.50 1.79
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Drill hole AAX-07-9, a new discovery on the Cadillac Break, previously reported an intersection of 1.47 g/t gold over 16.97 m (drilled width); new sampling extended this to 0.95 g/t gold over 23.84 m.

Drill holes AAX-07-10 and 11, at the Orenada #2 zone within the Cadillac Break also yielded increased widths with new sampling. New sampling in hole #10, which intersected Orenada #2 about 200 m below known mineralization, yielded 110.10 m grading 0.5 g/t from 289.00 m to 399.10 m drilled depth.

New sampling in drill Hole #11, drilled in Orenada #2 approximately 40 m below known mineralization, yielded a near surface intersection 113.10 m grading 0.94 g/t gold, from 46.90m to 160.00 m, including the previously-reported 25.60 m interval grading 2.89 g/t gold (from 134.40 m to 160.00 m), and the newly reported separate intersection of 89.10 m grading 1.09 g/t gold.

The significance of the latter intersection shows not only the width potential of gold mineralization in this portion of the Cadillac Break, but also the potential at shallow depths.

Alexandria is currently wrapping up its first phase of drilling with two drill rigs, one on the Joannes property, west of Val d'Or, and one testing the Sleepy Zone at the east end of its property package in the Val d'Or camp. A total of 7,074 m have been drilled in this phase testing the Company's Cadillac Break properties in Val d'Or. This program was designed to test a variety of targets as a first pass over the large property package. Plans are currently being made for a 10,000 m follow-up drill program at Orenada, to begin early June with a rig dedicated to this effort.

The Company is earning a 50% interest in the Orenada and 9 other properties in the area from Aur Resources Inc. by incurring exploration expenditures of $3 million and paying $500,000 in cash/shares over a five year period to July 2011. The Company can earn an additional 50% by completing further expenditures of $5 million by July 2014. The Company is aggressively exploring for gold on its Val d'Or properties and has completed approximately 6,100 m of drilling of the 15,000 m program in 2007. Drilling continues on the Bloc Sud West property, about 6 kilometers east of the Oramaque property, where it is testing coincident geophysical and geochemical anomalies on and near the Cadillac Break. Additional drilling details can be viewed by visiting the Company's website at www.azx.ca or with the link http://www.azx.ca/currentdrilling.asp.

The results presented in this press release are exploratory in nature and have been reviewed by the company's Qualified Person, Eddy Canova, PGeo. The properties do not contain current mineral resources as outlined by National Instrument 43-101 Standards for Disclosure for Mineral Projects, nor does the Company intend to communicate such. More drilling will be required to bring the properties into compliance with definitions of resources as delineated by NI-43-101 standards.

The drilling program employs a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Drill core is NQ-sized, and is logged, sampled and split at the Company's Val d'Or office, in intervals of 0.3 meters to a maximum of 1.5 meters. The samples are recorded, bagged and sent to Bourlamaque Assay Lab in Val-d'Or for assay. Samples are analyzed for Au, Ag, Cu and Zn, via a 30 gram pulp by FAA for Au and AA for Ag, Cu and Zn. Re-assays by FA gravimetric finish are performed on samples assaying greater than 1.0 g/t Au and re-assays greater than 5.0 g/t Au are checked a second time by FA gravimetric finish.

WARNING: The Company relies upon litigation protection for "forward-looking" statements. 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

SOURCE: Alexandria Minerals Corporation

Coal Harbor Communications Suite 701, 555 Jervis Street Vancouver BC Canada V6E 4N1 (604) 662-4505 or Toll Free: 1-877-642-6200 (604) 662-4547 (FAX) Email: dale@coal-harbor.com Alexandria Minerals Corporation Eric Owens, President Toronto, ON (416) 363-9372 Email: info@azx.ca Website: www.azx.ca

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