Oct 9, AXZ Buy recommendation
Sector NewswireTM Sector: Mining - Metals and Minerals : News Release - October 9, 2015 4:02 PM ET Alexandria Minerals Files Technical Report on Manitoba Cu-Au-Zn-Ag Project, and Continues Focus on High-Grade Gold in Val d'Or - Presents Exceptional Risk-Reward Scenario 1.987 million ounces gold global resource in Quebec and Manitoba, plus sizeable gold equivalent ounces on top of that; "...Alexandria Minerals has among the best risk/reward profiles of any junior exploration company I have ever covered." -- Chris Temple of National Investor 'Buy' recommendation. NEW YORK, NY, October 9, 2015 /Sector Newswire/ - Alexandria Minerals Corporation (TSX-V: AZX) (US Listing: ALXDF) (Frankfurt: A9D) this week announced news of filing an updated NI 43-101 Mineral Resource estimate at its Hudvam property in Flin Flon, Manitoba, in which the resource was increased up to 18%. The larger updated resource estimate advances its Manitoba assets closer toward near-term monetization potential and pushes Alexandria's global resource on all properties >2.5 million ounces of gold and gold equivalent. Recent exploration activities of Alexandria Minerals have continued to focus on prioritizing drill targets for its next round of drilling on the western half of its flagship Cadillac Break group of properties in Val d'Or where it has identified a large geologic system consistent with porphyry gold+/-copper mineralization with widespread alteration. Alexandria Minerals possesses an impressive portfolio of advanced-stage projects with serious intrinsic resource value in Quebec, Ontario, and Manitoba: In Quebec: AZX.V is focused on exploring, developing, and monetizing its Cadillac Break group of precious metal properties which contiguously stretch 35 km along the prolific Cadillac Trend. AZX.V currently has global resources in Quebec totaling 1,583,882 ounces gold (695,524 ounces Measured & Indicated and 888,358 ounces Inferred) on three 100% owned projects proximal to infrastructure-rich Val d'Or where 4 gold mills with excess capacity are within 15 km. In Manitoba: AZX.V has two advanced-stage Cu-Au-Ag-Zn projects with ~900,000 of gold equivalent ounces. These two Manitoba projects were considered the flagship assets of Murgor (now 100% owned by Alexandria Minerals) and have serious intrinsic high-grade copper-gold resource value and blue-sky potential. All of AZX.V's flagship deposits are within close proximity to mills hungry for feed, giving it an advantage over other juniors explorers (which are absent local mill/infrastructure), comparatively all of AZX.V's established deposits are apt to superior demand/returns as they are do not necessarily require large capex of building a mill. Valuation commentary Alexandria's current market cap (