Alexandria Extends Orenada 2 at Depth, Intersects 2.45 g/t Gold Over 13.65 m
Thursday, November 1st, 2007
Alexandria Minerals Corporation intersected 2.45 g/t Au over 13.65 m in hole OAX-07-19, including 4.12 g/t Au over 4.60 m, at 335 meters vertical depth, making it the deepest hole penetrating Orenada 2 to-date (all reported widths are core lengths). Assay results from fourteen holes remain pending as the Company continues to enlarge the gold-bearing zones at its Orenada project.
These results occur 225 meters down dip from previously reported hole OAX-07-16, which yielded 11.44 g/t Au over 8.15m (Press release, October 16, 2007), and substantially increase the size of near-surface mineralization at Orenada 2.
The Company believes Orenada, which is located 6 km southeast of Agnico Eagleâ€™s Goldex Project (underground reserves and resources of 2.4 million ounces Au at 2.39 g/t Au), is part of a large gold-bearing system along the Cadillac Break where significant gold mineralization has been intersected in drill holes and trenches over a minimum strike length of 4 kilometers. This zone remains open to the east and west, and at depth, where little or no historic exploration has taken place.
Also at Orenada 2, drill hole OAX-07-18, a near surface hole drilled 50 m above OAX-07-16, yielded 0.30 g/t Au over 10.75 m. These results suggest that the hole is located near the edge of the gold-bearing zone at Orenada 2. Alexandria has intersected similar results from exploratory holes elsewhere on the Cadillac Break properties, and views such results as targets with potential for follow-up exploration.
At Orenada 4, drill hole OAX-07-17 intersected 1.45 g/t over 3.45 m at a vertical depth of 400m, including a grade of 5.24 g/t Au over 0.80 m. These results extend mineralization 270 m east of previously reported hole OAX-07-13A, which intersected 2.60 g/t Au over 14.40 m(Press release, August 15, 2007).
As part of ongoing activities, the Company has been compiling historic exploration data from the Cadillac Break properties, including drill hole information from Orenada. Three deep historic holes drilled by Aur Resources Inc. at Orenada 4, within the 240 m gap between holes OAX-07-13 and OAX-07-17, intersected strong gold values, including 8.12 g/t Au over 4.87 m (Hole 407-22) and 2.07 g/t Au over 12.07 m (Hole 407-24).
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