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Alexis Minerals Announces Surface Exploration on Mining Properties in Quebec

ALEXIS MINERALS CORPORATION (TSX:AMC)(OTCQX:AXSMF) has announced that surface exploration programs on its properties in the Val-d'Or and Rouyn-Noranda, Quebec mining camps are continuing with four surface diamond drills exploring for gold and base metals.

Surface diamond drilling will continue through the remainder of 2010 and extend into 2011.

Rouyn-Noranda Mining Camp

One drill was recently mobilized in Rouyn-Noranda, on the Rivière Mouilleuse and Noralex properties to complete a program of nine holes for approximately 3,000 metres (m) of drilling by the end of 2010.

Drilling has started on the Noralex property, 12km east of Rouyn-Noranda and approximately 10km northwest of the Doyon Mine. The program targets gold mineralization within rocks considered to be stratigraphically equivalent to those of the Doyon-Laronde trend. Three new gold showings, the Young Buck, Sulphide and Shear, were discovered through this area in 2004-2005 by the Alexis/Xstrata Copper Joint Venture (see news releases, September 16, 2004 and February 10, 2005). Previously reported results include:

  • Young Buck showing:
    • 1.94 grams per tonne gold (g/t Au) over 33.0m, including 6.13 g/t Au over 4.5m, and
    • 1.64 g/t Au over 24.5m;
  • Sulphide showing: 10.95 g/t Au over 1.5m and 4.09 g/t Au over 7.2m; and,
  • Shear showing: 1.45 g/t Au over 8.9m.

Drill core from the first hole, located 100m east of the Young Buck Zone, has been logged and sent for assaying. Geology, alteration and sulphide content appear to be similar to previous drilling and visible grains of gold have been recorded within two decimetric quartz veins. Assays are currently unavailable.

Four holes will be drilled in the vicinity of the Young Buck Zone to try to delineate and extend the zone. Three other holes will test Induced Polarization (IP) anomalies on the property.

On the Rivière Mouilleuse property, 22km northwest of Rouyn-Noranda, one hole has been completed (to a depth of 387m) on an IP and magnetic anomaly. Assays are pending and a borehole ElectroMagnetic (EM) survey will be conducted in the next few days.

Val-d'Or Mining Camp

Three drill rigs are operating in the Val-d'Or area; two on the Aurbel property to complete a program of 7,500m of drilling, and one machine in the Central Camp near the Deep West discovery. Targets on the Aurbel property include the eastern extension of the Dumont Shear, host to the past producing Dumont Mine; the Herbin West area, 1km west of the Lac Herbin mine; and on several other historically known gold showings. Drill holes will target the intersections of converging shear zones and the depth extension of the gold showings.

The Dumont Shear will be tested along a 2.5km long segment of the shear which has not been previously explored. Drill holes at the easternmost extremity of this segment reported gold values of 0.3 g/t to 328 g/t Au over decimetric intercepts associated with quartz-tourmaline veins.

Other targets throughout the Aurbel property include four holes on the Herbin West area, three holes on the possible western extension of structures identified at the Beaufor mine, and three holes on the Standard Gold showing, located on the western border of the Bourlamaque batholith. Previous work on the Standard Gold showing reported channel samples of 121.7 g/t Au over 0.3m, 58.3 g/t Au over 0.9m, 15.2 g/t Au over 0.6m and 6.51 g/t Au over 0.3m, 10.3 g/t Au over 0.3m, and 50.4 g/t Au over 0.3m.

Drilling is also continuing on the Deep West discovery area where two previously completed holes will be extended to test the Deep West horizon (see news release, September 28, 2010). The first extension will be completed in the next few days and borehole EM survey will follow.

Quality Control

The technical and scientific content of this press release has been prepared and reviewed by Jean Girard, P.Ing and Denys Vermette, P.Geol; "Qualified Persons" as defined under NI 43-101 guidelines.



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