Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) reports that it has begun a 3 hole, 1,500 m drill programme on its Sleepy gold project, Val d'Or, Quebec.
With an Inferred Resource of 1.5 million tonnes grading 3.0 g/t Au (150,000 ounces of gold), the Sleepy project is a shallow-level gold-pyrite zone in the Vicour Gabbro Sill. The zone extends from surface to 350 m depth, and is 300 m long, open along strike and at depth. The current round of drilling is intended to test the deep extension of gold mineralization 100 m below previously-reported drill hole IAX-09-49, which assayed 4.03 g/t Au over 8.41 m (True Width) 350 m below the surface (Press Release February 23, 2009).
Eric Owens, Alexandria President & CEO, said, "These holes will potentially open up a new area for further expansion of the Sleepy deposit, and will guide us in our future endeavors here. The current frozen conditions are perfect for the work to be done."
A third hole will be sited 1 km east of the first two holes, targeting a potential copper zone in the volcanic rocks adjacent to the Vicour Gabbro sill, following up on hole IAX-08-34, which intersected 0.34% copper over 35.4 m (See Press Release September 9, 2008).
The Sleepy gold project is located at the eastern end of the Company's Cadillac Break property package, an extensive, 35 km long property covering more than 11,000 hectares in the prolific Val d'Or mining district. In addition to the gold resource at Sleepy, the Company's Orenada gold project, located near the city of Val d'Or 25 km west of Sleepy, hosts Measured and Indicated Resources of 5,825,842 tonnes grading 1.82 g/t Au (340,556 ounces of gold) and Inferred Resources of 7,399,643 tonnes grading 1.27 g/t Au (302,469 ounces of gold) at a 1 g/t Au cut-off.
All drill and resource results presented in this press release have been released previously, fall within the purview of the public record, and have been reviewed by the Company's Qualified Persons.
Source: Alexandria Minerals Corporation