Corp Presentation - Feb 5thA few notes:
1) Pg 4 - $7.0 million in Cash and Current assets
2) Pg 8 - hole 084 was the big hole released recently. As you can see, results from the very bottom part of the hole were not released . If we get (a bit) postive results at the end of the hole - it could indicate additional staked quartz veins exist at even deeper depth.
Also, results from 085 (in the diagram) have not been released as yet. That hole is at the same location as the big 084 hole, but a bit to the north. The results should be good also, as the hole sits in the location of the northern extensions of the quartz veins - at this particular location.
3) Pg 9 - you can see hole 084 in this northern looking view of Orenada, although the high grade gold spots are not highlighted (in this diagram) like the holes immediately to the right.
Hole 054 was our big hole in 2015 (when Alexandria confirmed the stacked quartz vein model). As you can see, our 2 best holes (084 and 054) are only about 50m apart. Hole 055 was also good - from 2015. Hole 079 was fairly good also (from earlier this year) - sits in the middle of holes 054 and 055 (the two 2015 holes).
Thus, the area from hold 084 to hole 055 (about 250m), appears to be the core area within the deposit.
As you can see, they are currently testing further to the left of hole 084 - going towards testing the bottom of the old Orenada (shallow) open pit, and well beyond (further to the left).
As you can also see, even though the veins are stacked, some of them could be rather long - like 200m (+) long - perhaps north to south running. It bodes well when you can find, not just one, but many of these lengthy good grade veins stacked on top of one another going down in the deposit - as is demonstrated in this diagram.
4) Pg 10 - they have to eventually find something decent in the greater Triangle Too area - there are way too many good targets identified (through geophysical results, past drilling.....) not to eventually come up with something good.
5) Pg 15 - it looks like Alexandria might have to sink 2 to 4 holes at Red Lake, Ontario property - perhaps later this year? They have to launch a 1,000m drill program there to meet provincial requirements. Alexandria does not currently have a join venture partner for that property. We`ll see if they announce a partner soon. Either way, I hope they don`t give away this property for essentially nothing - as they did with all of the other properties, in my opinion. It now leaves me scratching my head as to why they did the Murgor merger/acquisition (with all the nightmares that came along with it afterwards) when they have been giving everything away for nothing or maybe a couple of peanuts.
They also noted something about a BC conference in mid February.
Also, we`ll have to see what they find with the historical sampling - they found some historical drill samples that were never sampled for results. In some ways they represent additional drill holes to us.
https://www.azx.ca/wp-content/uploads/2017/02/02-05-17-AZX-Presentation.pdf