GREY:ALXDF - Post by User
Post by
production05on Aug 31, 2016 10:22am
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Post# 25194935
A few observations fr the NR
A few observations fr the NR1) ``Eric Owens, President and CEO of Alexandria, said, `We are keen to determine the relationship between the Triangle Too and the Orenada gold veins, if any, and the possible trend that may exist between them.```
They are trying to determine if there is a trend here. If they establish a trend relationship between the 2 points, it would likely suggests potential for other discoveries within the trend (between the 2 locations, and possibly beyond the locations). Also, on one of the recent NR`s, they had noted finding possible new Triangle Plug type areas southeast of the Triangle Too location. This new area is likely located between Triangle Too and Orenada, along this possible trend outline (if a trend indeed does exist).
2) ``between the Triangle Too and the Orenada gold veins``
``The Company is also pleased to report that drilling has begun on its Orenada high-grade gold vein program. Like the Triangle Too drill program, the Company is testing south-dipping, high-grade gold veins``
It looks like Alexandria is expecting to find at least a bit of gold in the Triangle Too gold veins. It could be a matter of if there is sufficient gold content in the Triangle Too gold veins to make them economical.
3) ``It has budgeted for an additional 6,000 meters of drilling this winter, drilling which will be earmarked as follow-up to favorable drill results coming from the recent and current drilling.``
The follow-up winter drill program is expected to be 6,000m. Allocation of drilling between Triangle Too and Orenada will be determined based on level of success in the first round of drilling.