Alexandria Minerals Corporation
TSX VENTURE : AZX
FRANKFURT : A9D

Alexandria Minerals Corporation

June 25, 2009 09:58 ET

Alexandria Extends High Grade Akasaba Gold Zone at Surface

TORONTO, ONTARIO--(Marketwire - June 25, 2009) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) reported today further successful sampling results on its Akasaba gold property in Val d'Or. Surface rock chip samples have revealed high gold, silver and copper contents up to 600 m from the Akasaba Gold Mine, where the Company recently announced high grade gold drill intersections.

Geological crews are actively mapping, sampling and prospecting on the property, with initial focus along a 1.6 km long Induced Polarization (Chargeability) anomaly, which characterizes the favorable gold-bearing horizon. Surface rock chip (grab) samples along this horizon have assayed up to 26.90 g/t Au, 54.6 g/t Ag, and 4.50% Cu, and 10.45 g/t Au, 26.8 g/t Ag and 2.04% Cu. Some highlighted results from the programme are presented below:



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Sample Number Au Avg g/t Ag g/t Cu %
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922720 1.43 0.2 0.04
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922801 26.90 55 4.50
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922756 1.70 2 0.18
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922757 1.50 18 1.31
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922760 9.54 18 1.40
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922782 1.22 9 1.08
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922766 1.73 0 0.05
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922770 10.45 27 2.04
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922771 2.77 17 1.38
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922772 2.24 15 1.23
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922812 0.99 15 2.71
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922775 1.79 12 0.65
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Alexandria President Eric Owens said, "These impressive results complement the success of our recent drill holes. They show that gold mineralization is widespread on well defined geophysical and geological targets at Akasaba, and indicate potential for growth. We are excited about our ongoing success at Akasaba and it has become the focus of our field activities. Crews are continuing the mapping and sampling program while the Company continues to compile the historic data in preparation for the next round of drilling, expected to begin later in the summer."

The Company completed its first round of drilling on the property earlier this spring, where it tested the depth potential at on Lens D, the northernmost of four gold zones at the past-producing mine. Hole IAX-09-53, located 100 m below known gold mineralization, and intersected 4.22 g/t Au over a core length of 10.53 m, including 24.50 g/t over a core length of 1.3 m (press release April 30, 2009). This hole, and a second deeper hole, which intersected 57.65 g/t over 0.5 m, expanded the gold zone to 300 m depth (press release May 26, 2009).

In other matters, as part of the Company's efforts to increase its profile, Alexandria has retained eResearch to produce and disseminate 5 fact sheets over the next year, for which Alexandria will pay to eResearch $4,000. There is no prior relationship between Alexandria Minerals Corp. and eResearch, nor is there any prior direct or indirect interest in Alexandria Minerals Corp. or its securities, or any right to acquire such an interest, on the part of eResearch.

The results presented in this press release are exploratory in nature and have been reviewed by the company's Qualified Persons, Eddy Canova, PGeo, and Dr. Eric Owens, PGeo. The surface sampling program is consistent with industry best practices, and there is no guarantee that an economic gold deposit underlies the property. The Company's QA/QC programme continues to be adhered to: samples are recorded, bagged and sent to ALS Chemex Labs in Val-d'Or for preparation and 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.

Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, 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: 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

  • Alexandria Minerals Corp.
    Andreas Curkovic
    (416) 577-9927
    or
    Alexandria Minerals Corp.
    Dr. Eric Owens
    (416) 363-9372
    or
    Alexandria Minerals Corp.
    Matt Morrish
    (416) 363-9372
    info@azx.ca
    www.azx.ca