New maps1)
Matachewan Properties
From the last M&A (pg 4): ``A 95 line - km magnetic survey was completed on the Company’s Matachewan property, located next door to Aurico Gold’s Young-Davidson Mine. These data will allow identification of possible gold-bearing structures along strike with the Young - Davidson orebody.``
This is only on the original Matachewan property. It will help Alexandria to identify best drill targets, but it might also help to better understand the relationship of our property to Aurico`s 5.5 million oz gold deposit.
Good drill targets already identified at our Wydee property. It`s not clear if Alexandria`s management will want to run more detailed magnetic programs. Though, personally, I think Wydee`s main target is ready for at least 4 or 5 exploratory drill holes. The main target has all of the ingredients (untested, newly discovered fault, 1 km magnetic low, strong alterations heading towards the magnetic low along the fault line, located in the middle of a syenite instrusive (similar to Aurico), positive mineral samples on surface.....). It looks set, even though there are never any guarantees when it comes to mineral exploration, even for the very best looking targets.
This is a nice map that shows the location of Aurico`s 5.5 million oz deposit (red circle) relative to our original Matachewan and our Wydee.
Alamos is in the process of taking over Aurico. Alamos is big on the Matachewan area. They plan on injecting at lot of exploration dollars to expand the Aurico deposit, especially at depth. They would make an excellent deep pockets type joint venture partner for our Matachewan properties. If we get a JV partner, I would like management to not give away more than 50%.
Image:
Link:
https://www.azx.ca/wp-content/uploads/2015/06/matachewan1.jpg
2)
Hudvam Property
From Alexandria`s website:
``Murgor’s most recent exploration work on the Hudvam property was carried out in 2010 with two drill holes for a total of 1430 metres
and a deep Penetrating EM survey on the western extension of the Hudvam mineralized horizon. Drill holes were testing Borehole Pulse EM anomalies and returned sub-economic values.``
It sounds like they realized success with the deep Penetrating EM survey in 2010 during the same program with the 2 failed drill holes elsewhere on the property. That was the last program conducted on the property. It means that the 3 new EM targets have yet to be drill tested. They are highly perspective, especially given that they are likely offsets of Zone 3.
Here is a longitudinal view:
Link:
https://www.azx.ca/wp-content/uploads/2015/06/hudvam3.jpg
3)
Nelligan (30% Alexandria / 70% Metanor)
Any deposit identified here can be processed at the nearby Metanor mill.
``best gold assay results;
* Billy – channel sampling: 124 g/t Au over 2.53 m including 582 g/t Au over 0.53 m; and 3.15 g/t Au over 3.0 m,
* Valley – new shear zone, diamond drilling: 28.06 g/t gold over 4.54 m (uncut), 6.61 g/t Au over 4.54 m (cut to 1 oz/t),
* potential for new gold mineralization in the northeast-trending deformation corridor, shear zone.``
4)
Fancamp (another map)
You can see many of the players exploring in the district.
Monster Lake is in darker blue. You can see our Fancamp to the upper right (brownish).
Image:
Link:
https://northcoreresources.com/images/maps/NORTHCORE-%20LAC%20IRENE%20PROPERTIES.JPG
5)
Gwillim Property
Strictly a grassroots property at this stage.
It looks like best results was maybe trenching results back in 1984 - 7.78 g/t gold over 33.5m.
``Gold mineralization is erratic and discontinuous with local very high grades.``
It`s not clear as yet if it`s something we can work with.
Alexandria performed some surveys in 2014:
- Till survey Mechanical trench (26 samples)
- Humus survey (474 samples)
- Structural geophysics interpretation
Analysis appears to be in progress.
Location map:
Link:
https://www.azx.ca/wp-content/uploads/2015/06/gwillim.jpg
6)
Gullrock
Map of the wider Red Lake district:
Link:
https://www.azx.ca/wp-content/uploads/2015/06/gullrock.jpg