Alexandria Minerals Corporation
TSX VENTURE : AZX
FRANKFURT : A9D

Alexandria Minerals Corporation

September 19, 2007 14:15 ET

Alexandria Continues to Intersect Shallow Gold at Orenada 2

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2007) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) intersected 54.00 meters grading 0.62 g/t gold from 26.80 m to 80.80 m drilled depth, further delineating shallow gold mineralization at Orenada 2 (all widths core lengths). These results come from a large exploration effort in which the Company is testing a number of targets on its Cadillac Break properties.

Gold mineralization in Diamond Drill Hole (DDH) OAX-07-8 occurs in several intersections across the Cadillac Break between 26.80 m and 182.3 m, about 50 m west of previously reported DDH AAX-07-11, which intersected 1.09 g/t gold over 89.10 m (Press Release April 25, 2007). Likewise, strongly anomalous gold occur in several intersections between 66.20 m and 179.25 m in DDH OAX-07-9, which intersected the Cadillac Break target 50 m below OAX-07-8, and approximately 50 m above hole AAX-07-10, which intersected 110.1 m grading 0.50 g/t Au (also previously reported on April 25, 2007). The results support Alexandria's belief in the potential of the Cadillac Break as a target for shallow, wide low grade gold mineralization on the Orenada property. Further information can be viewed at the Company's website, www.azx.ca.



Table of Assay Results
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Hole # From To Core True Au g/t
(m) (m) Length (m) Width (m)
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Orenada
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OAX-07-7 Abandoned due to change in orientation
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OAX-07-8 26.80 80.80 54.00 41.37 0.62
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incl. 26.80 47.90 21.10 16.16 0.70
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and 41.30 46.40 5.10 3.91 1.19
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and 63.50 80.80 17.30 13.82 1.00
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108.80 114.00 5.20 3.98 0.95
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147.10 168.60 21.50 15.72 0.93
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incl. 156.40 166.40 10.00 7.31 1.40
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and 162.15 166.40 4.25 3.11 2.25
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179.50 182.30 2.80 1.31 1.82
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OAX-07-9 66.20 84.00 17.80 13.01 0.33
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incl. 70.20 82.45 12.25 8.95 0.40
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97.35 121.50 24.15 17.08 0.40
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incl. 97.35 119.15 21.80 15.41 0.45
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140.10 146.50 6.40 4.36 0.11
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177.70 188.40 10.70 7.30 0.36
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incl. 177.70 179.25 1.55 1.04 1.57
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---------------------------------------------------------------------
Exploration
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AAX-07-22 65.30 91.80 26.50 21.70 0.25
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incl. 70.40 82.10 11.70 9.58 0.38
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227.00 229.00 2.00 1.29 0.58
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Full results have now been received from DDH AAX-07-22, an exploratory hole near the northern boundary of the Orenada property (partial results announced on September 5, 2007), which tested a geophysical anomaly near the Centre Post Intrusion. These results returned 0.38 g/t gold over 11.70 meters (core length), hosted in sheared and altered syenite and diorite, near the southwestern margin of the intrusive.

DDH OAX-07-7 was abandoned at 147 m because the orientation of the hole was deflected significantly from its original targeted direction.

The Company continues drilling on both Orenada 2 and 4, currently testing the deeper levels of both zones for continuity of high grade mineralization with DDH holes OAX-07-25 and 26. Results are pending for 14 completed holes, which have tested both near-surface mineralization at Orenada 2 and deep level mineralization at Orenada 4.

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 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.

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

Contact Information

  • Coal Harbor Communications
    Dale Paruk
    (604) 662-4505 or Toll Free: 1-877-642-6200
    (604) 662-4547 (FAX)
    Email: dale@coal-harbor.com
    or
    Alexandria Minerals Corporation
    Eric Owens
    President and CEO
    (416) 363-9372
    Email: info@azx.ca
    Website: www.azx.ca