Alexandria Minerals Corporation

Alexandria Minerals Corporation

December 14, 2007 11:11 ET

Alexandria Commences Drilling at its Matachewan Property, Ontario

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) has begun drilling on its Matachewan Property, Ontario, a four-hole, 1,700 meter program expected to be completed by first half of January, 2008.

The drilling program is designed to test 1) historic trench results that yielded 5.9 g/t Au over 2.0 meters (m) and 2.5 g/t Au over 2.0 m in addition to historic rock chip samples that yielded up to 64.8 g/t Au, and 2) targets originating from Alexandria's 2005 drilling program. The latter consisted of a five hole, 2,700 m program which tested Induced Polarization (IP) anomalies along and near the Cadillac Break, and which discovered wide alteration zones together with numerous encouraging gold assays.

In addition to drilling, the Company has conducted property-wide magnetics, IP, prospecting and geological mapping surveys, in order to better aid in drill target identification. In Fall 2007, the Company completed a combined magnetics and IP survey over its "Carmax" claims, the southeast portion of the property.

The property is located about 3 km east of the Young-Davidson Mine, which together with the adjacent Matachewan Consolidated Mine, produced almost 1 million ounces of gold in the 1900's. The current owner, Northgate Minerals, has estimated the gold deposit contains more than 2,000,000 ounces of gold (Measured & Indicated and Inferred Resources) down to depths greater than 1,500 meters.

Alexandria's property straddles more than 7 km of the prolific Cadillac Break, the same fault along which Alexandria's Cadillac Break properties in Val d'Or, Quebec, reside some 200 km to the east. At Matachewan, the Company is exploring for syenite-hosted and shear-zone hosted gold targets, similar to that at the Young-Davidson Mine.

The drill locations can be viewed by visiting the Company's website, or clicking the following link:

The results presented in this press release are exploratory in nature and have been reviewed by the company's Qualified Person, Eddy Canova, PGeo. Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, currently focused on the exploration for precious metals on mineral properties located in Northern Ontario and Quebec. The Company's management has extensive global experience with small to large mining companies, from grass-roots exploration to the exploitation of mineral deposits. The Company is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Coal Harbor Communications
    (604) 662-4505 or Toll Free: 1-877-642-6200
    (604) 662-4547 (FAX)
    Alexandria Minerals Corporation
    Eric Owens
    (416) 363-9372