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alexandria minerals corp (AZX) Details

Alexandria Minerals Corporation, a development stage company, acquires, explores, and develops mineral resource properties in Abitibi Belt in northern Quebec and Ontario, Canada. The company explores for copper, gold, silver, and zinc ore deposits. It primarily focuses on exploring the Cadillac Break property group consisting of 662 claims in Val d’Or, Quebec. The company was founded in 2002 and is headquartered in Toronto, Canada.

Founded in 2002

alexandria minerals corp (AZX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$178.7K
Chief Financial Officer
Total Annual Compensation: C$119.1K
Vice President of Corporate Development
Total Annual Compensation: C$151.0K
Compensation as of Fiscal Year 2014.

alexandria minerals corp (AZX) Key Developments

Alexandria Minerals Corporation Begins Drilling on 7 Km Long Gold-Copper Anomaly

Alexandria Minerals Corporation provided an update of its exploration activities on the western half of its 35 km long Cadillac Break property package in Val d'Or, Quebec, including the beginning of a first-pass drill campaign on its Ducros property to test 3.5 km of a 7 km long copper-gold anomaly extending over 5 of the company's properties. As part of ongoing technical activities, Alexandria geologists have been compiling and digitizing historical exploration data and that compilation is now some 70% complete over the broader property package. Analysis of historical holes, surface prospects, and past mining activity has identified a significant 7 km long copper-gold trend in and around the contact zone of the Center Post granitic stock. Most of the historical drill holes, completed in the late 1960's, were incompletely sampled, and most were not assayed for gold. Company geologists re-examined and sampled core from some of these historical holes and, combined with the historic assays, have yielded the following assay results: 91.4 m grading 0.37% Cu, including 26.2 m grading 0.93% Cu in hole D69-01; 150.3 m grading 0.27% Cu and 0.85 g/t Au over 16.2 m, including 7.32 g/t Au over 1.5 m in hole D69-12; 114.3 m grading 0.14% Cu in hole D69-14; 211.5 m grading 0.22% Cu, including 149.4 m grading 196 ppm Mo in hole D69-05. These particular holes identify a disseminated Cu-Mo-Au zone 150 m wide and more than 300 m length, in and around the contact between granitic rocks and volcanic rocks. An initial 10-hole, 2,600 m drill program has been planned to test an Induced Polarization anomaly, which extends for 3.5 km east-west along the length of the Cu-Au-Mo trend on the Ducros property. In other activities, Alexandria has been drilling on its Akasaba project where it has completed 11 drill holes and deepened 2 previous Alexandria drill holes, totaling 5,048.0 meters. These holes are testing three principal targets, all defined by Induced Polarization anomalies: deep targets below the Current Resources in the Akasaba Mine area, relatively shallow targets in the Kettle Zone, a strong, 1,000 m long IP anomaly about 600 m east along strike with the Mine area Resources, and follow-up drilling on the Valdora project, offsetting a hole which intersected 142 g/t Au over 0.3 m. Assays are pending for these holes. Elsewhere, company geologists have also put together preliminary targets from the 3rd and final Induced Polarization survey completed last winter on the company's Annamaque Property, located 3 km northwest of the Akasaba property. Significant IP anomalies have been identified in areas which have not been previously drill tested, and which lie along strike with known gold mineralization.

Alexandria Minerals Announces Financial Results for the Fiscal Year Ended April 30, 2014

Alexandria Minerals Corporation announced financial results for the fiscal year ended April 30, 2014. For the period, the company reported a net income of $995,348 compared with a loss of $1,300,038 for the same period of fiscal 2013, and a working capital position of $4.7 million at April 30, 2014 compared to $1.7 million for the comparative period in 2013.

Alexandria Minerals Corporation Deploys Second Drill Rig to Accelerate its 10,000 M Drill Program on its Akasaba Project in Val d'Or, Quebec

Alexandria Minerals Corporation reported that it has deployed a second drill rig to accelerate its 10,000 m drill program on its Akasaba project in Val d'Or, Quebec. The goal is to expand on known gold-copper mineralization by testing geophysical targets along strike with, and below, the mine-area Current Resources. This past winter, the company completed a 78 line-km surface Induced Polarization (IP) survey over the Akasaba and adjacent Valdora properties, as well as a down-hole IP survey below the historic Akasaba Mine, both of which identified a number of strong targets for follow up drilling. The first phase of this drilling program is testing 3 principal target areas: a large, 1,000 meter long IP anomaly approximately 1 km east along strike with the Akasaba mine area; deep targets below the Current Resources along the main Mine Zone; and deep targets along the North Zone, a gold-bearing zone north of, and parallel to, the main Mine Zone. The first phase of the program consists of deep drilling on the main Mine Zone and the North zone, and involves 3 new drill holes and deepening 2 previous Alexandria drill holes, totaling 4,000 m. Drilling on the Kettle Zone consists of 5 drill holes totaling 2,500 m. A further 3,500 m of drilling are planned as follow-up holes. Between 2009 and 2013, Alexandria completed 74,157 m of drilling on its Akasaba project, which is located approximately 15 km east of Val d'Or, Quebec, in the center of the Company's Cadillac Break property package, a 35 km long group of properties totaling 676 mineral claims. This drilling allowed Alexandria to build significant gold and gold-copper resources along the main Akasaba Mine Trend, including the discovery, in early 2012, of the West Zone gold-copper deposit. In early 2014, Alexandria sold the West Zone gold-copper deposit to Agnico Eagle Mines Ltd., for $5 million cash, and 2% NSR on all metals after 210,000 ounces of gold are produced.


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