April 19, 2010 (FinancialWire) — Alexandria Minerals Corp. (TSX Venture: AZX) said it has intersected a visible gold-bearing interval from its seven-hole, 2,500 meter drilling programme completed in early April on its Akasaba project in Val d'Or, Quebec.

The recently completed drill programme was focused on two tasks: 1) filling in gaps between previous gold- bearing holes and 2) enlarging the gold zone to the east of the mine area. Drill Hole IAX-10-71, located in the vicinity of the mine area (200 m east of the shaft) was drilled as a fill-in hole, and intersected multiple gold bearing zones (see Table 1 below), consistent with the four historically defined, sub-parallel gold lenses in the mine area.

DDH IAX-10-70, also drilled in the vicinity of the mine area intersected multiple zones, filling in a gap between two historic holes, yielding up to 2.67 g/t Au over 1.00 m. DDH IAX-10-67, completed during the last drill programme, tested a strongly downhole geophysical anomaly 300 m west of the mine. The hole intersected widespread sulfides in high concentrations, principally pyrrhotite up to 20%, and intersected up to 3.51 g/t over 1.50 m.

Two other holes, DDH IAX-10-68 and 69, also completed in the last programme, were exploration holes which tested IP anomalies 500 m south of the mine. No significant gold assays were encountered.

Alexandria Minerals Corp. is a Toronto-based junior gold exploration and development company with one of the largest property packages along the prolific, gold-producing Cadillac Break in Val d'Or, Quebec.

Streaming Research for all companies mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[frlylrf] [mnngmrls] [ntrlrsrcxplrtn] [cndnexh]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.