Alexandria Minerals Corp ALXDF

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Alexandria Begins Drilling Cadillac Break Property Group at Val D'or, Quebec
ALEXANDRIA MINERALS CORP AZX
1/22/2009 9:16:43 AM
TORONTO, ONTARIO, Jan 22, 2009 (Marketwire via COMTEX News Network) --

Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) has begun a 3,000 m drilling program on its Cadillac Break property group in Val d'Or. The current programme will test a variety of targets on its Sleepy, Orenada, Oramaque, Bloc Sud Trivio and Akasaba properties.

Over the past 18 months, the Company has significantly enlarged the gold-bearing zones on its Orenada and Sleepy properties, located at the west and east ends, respectively, of its 32-km long Cadillac Break group of properties. At Orenada, Alexandria's work has shown that wide, near-surface gold mineralization extends for over a kilometer along strike to more than 300 m deep, and is open along strike and at depth.

Targets include both potential enlargement of known gold zones, as well as new targets based on geophysics, geochemistry and past drill results. At the Orenada and Sleepy gold zones, drilling will emphasize enlargement of known gold zones, whereas new targets will be tested at Oramaque, Bloc Sud Trivio, and the Sleepy copper showing.

Two holes will test potential extension of gold mineralization at the historic Akasaba gold mine, located 9 km east of Orenada, where gold mineralization occurs in four separate and parallel lenses. Only a portion of one lens was mined in the 1960's, producing roughly 50,000 ounces of gold at a grade of 6.2 g/t gold (0.19 oz/t). The remaining gold zones are still in place, from which historical drill assays have yielded up to 16.10 g/t gold over 3.0 m. A recent detailed technical review of the historic data indicates that all zones are open at depth and along strike.

Drilling is currently on the Bloc Sud Trivio property at the eastern end of the Cadillac Break properties, testing a target similar to that at the Chimo gold mine, located about 6 km east of the target. The Chimo mine produced about 287,000 ounces of gold at a grade of 0.14 oz/t (4.7 g/t) between 1989 and 1995.

In other news, Alexandria will be present at the Vancouver Resource Investment Conference, Booth 1115, on January 25 -26, and encourages all to visit for a more detailed update on the Company's activities.

Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, currently focused on the exploration for precious metals on mineral properties located in Northern Ontario and Quebec. The Company's management has extensive global experience with small to large mining companies, from grass-roots exploration to the exploitation of mineral deposits. The Company is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

The results presented in this press release are historical and exploratory in nature and have been reviewed by the company's Qualified Persons, Eddy Canova, PGeo, and Dr. Eric Owens, PGeo. Alexandria Minerals does not now have a current resource as defined by National Instrument 43-101, and more work by a Qualified Person will be required to meet the conditions outlined by NI 43-101.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

SOURCE: Alexandria Minerals Corporation

Coal Harbor Communications Dale Paruk [phone] or Toll Free: 1-877-642-6200 Email: [e-mail] Bay Street Connect Michael D'Amico [phone] Email: [e-mail] Alexandria Minerals Corporation Eric Owens [phone] Email: [e-mail] Website: www.azx.ca
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