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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Bullboard Posts
Comment by production05on May 18, 2017 9:26am
234 Views
Post# 26258912

RE:RE:CEO, Eric Owens interview - May 15/17

RE:RE:CEO, Eric Owens interview - May 15/17Pretty much.

He is talking about just within 250m of the surface at Orenada as having potential for 1.5 - 2.0 million ounces - over a 2 km length.

Alexandria currently has around 2.5M Au Eq., of which about 750K is Orenada.  However, only about 500 - 550K of the 750K at Orenada is within 250m or surface (essentially open pit).

Thus, for the first cut of the resource calc, the potential is to go from around 500K open pit (250m) to 1.5 - 2.0 million ounces at Orenada open pit area.  That`s about 1.0 - 1.5 million potential increase in resource, for the first cut.

If it comes to fruition, this would make the global resource 3.5 - 4.0 million gold eq ounces.



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