Porphyry Program + Jan 15/16 Corp PresenationIt seems like they are still very interested in going after the west cadillac porphyry resource (if they can map it our through drilling). They tried drilling 2 or 3 holes a couple of times last winter/spring, but with no meaningful results. It seems like they still believe the deposit is there. It seems to be a big focus for this winter/spring/summer (with maybe even a small drill program). I think they had problems with ground softness issues last winter/spring that might have prevented them from testing the sweet spots.
They probably need to perform another geophysical program first, to better select targets, before they initiate the drill program.
From the last NR:
``
To the north of Orenada, high priority drill targets have been identified over a 3km stretch of elevated gold-copper concentration in drill holes and coincident geophysical anomalies as part of the Company’s Porphyry Program. The Porphyry program grew out of Alexandria’s discovery of the Akasaba West Zone gold-copper deposit in 2012, with near-surface, bulk-tonnage Inferred Resources of 14,864,000 tonnes grading 0.69 g/t gold and 0.41% copper (see press release February 7, 2014). The Porphyry Program focuses on a gold-copper enriched area encompassing much of the western 12 km of the Cadillac Break property package. Previously announced drill intersections such as 16.8 meters grading 2.40 g/t gold and 1.40% copper, 56.6 meters grading 0.54% Cu, and 16.2 m grading 0.85 g/t Au attest to the styles of gold and copper mineralization, which is consistent with the potential for discovery of large bulk tonnage gold-copper deposits. Final drill targets will be determined in the weeks to come.``
From the new Corp Presentation (pg 14):
``Winter geophysical and drill program to identify and test new drill targets on its Porphyry Gold Program, Val d’Or``
Of note, the new Corp Presenation is pretty much the same, but they mentioned on pg 11 that Alexandria has 25% High Net Worth Investors. I guess tha must include a bunch of the Chinese investors. It looks like over 50% of Alexandria`s shares are held by mining companies, institutions, management and these High Net Worth Investors.
Here is a link to the presentation:
https://www.azx.ca/wp-content/uploads/2014/10/presentation.pdf