Alexandria Minerals Corporation
TSX VENTURE : AZX
FRANKFURT : A9D

Alexandria Minerals Corporation

September 05, 2007 10:02 ET

Alexandria Drills 3.18 g/t Gold Over 6.60 Meters at Orenada 4; Begins Titan Survey

TORONTO, ONTARIO--(Marketwire - Sept. 5, 2007) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) intersected 2.11 g/t gold over 17.05 meters, including 3.18 g/t gold over 6.60 meters at Orenada 4, continuing its success at depth on this zone (all widths core lengths). To-date, the Company has completed 9,132 meters of drilling since early June, and is drilling with 2 drill rigs on the Orenada 2 and Orenada 4 zones. Results remain pending for 15 holes.

Diamond Drill Hole OAX-07-6 intersected the Orenada 4 zone 80 meters above previously announced hole OAX-07-13, which hosted visible gold and assayed 3.24 g/t gold over 10.50 meters (Press Release August 15, 2007). These drill results indicate that strong gold mineralization occurs down plunge over significant widths at depth at Orenada 4, and supports the Company's decision to continue testing further down-plunge. An updated longitudinal section showing recent drilling at Orenada can be viewed by visiting the Company's website at www.azx.ca or with the link http://www.azx.ca/currentdrilling.asp.



Table of Assay Results
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Hole # From To Core True Au g/t Cu%
Length (m) Width(m) Avg
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Exploration
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AAX-07-19 300.20 302.00 1.80 1.56 0.38
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AAX-07-20 73.50 74.60 1.10 0.95 0.13
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AAX-07-21 10.35 11.40 1.05 0.64 0.27
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AAX-07-22 65.30 83.40 18.10 16.40 0.29 0.13
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Incl 70.40 82.10 11.70 10.60 0.38 0.14
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Orenada 4
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OAX-07-6 382.90 389.20 6.30 4.45 0.44
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401.45 421.90 20.45 14.95 1.89
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Incl 401.45 418.50 17.05 12.46 2.11
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And 409.30 415.90 6.60 4.82 3.18
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428.40 430.50 2.10 1.56 0.55
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Exploratory drilling on the Airport (AAX-07-19) and Mid-Canada (AAX-07-20 and 21) properties, testing geophysical targets, have yielded weakly anomalous gold values. However, partial assay results have been received to date from Hole AAX-07-22, which tested a geophysical anomaly near in the Centre Post Intrusion, on the Orenada property. 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.

Separately, the Company has begun a 5-line Titan 24 survey with Quantec Geoscience over the Orenada 4 and Orenada 2 areas. The Titan survey can measure rock resistivity and chargeability to a depth of 750 meters and magnetotelluric resistivity down to 1.5 kilometers. This survey will assist in defining deeper drill targets on the Orenada property.

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