Alexandria Minerals Corp ALXDF

Thick, high-grade gold rocks being accumulated at Orenada 4

[production05]

At some point, the accumulation will become too much for the market to (continue, to) completely ignore.

Let`s say that the 17.10m drilled width of 8.4 g/t gold rock (see intercept below) has a true width of 15.0m.  Let`s also say that the rock has a depth of 15.0m and length of 15.0m.  Prior to applying a recovery rate, we are probably looking at getting about 3,225 gold ounces from this rock (using these assumptions).  That is worth about Cdn $5.4 million at current Canadian gold price (prior to applying extraction costs).  This is the value for only this little mineralized (thick, high-grade) rock space within the Orenada 4 deposit. 


Some highlights at Orenada 4:


*  OAX-17-090 (at 53.5m of the drill hole)
4.18 g/t gold over 13.5m (includes 6.76 g/t over 6.55m) 


*  OAX-17-090 (at 110.1m of the drill hole)
5.49 g/t gold over 5.10m  


*  OAX-17-090 (at 156.0m of the drill hole)
24.15 g/t gold over 4.5m (within 8.40 g/t over 17.10m) 


*  OAX-17-084 (at 149.3m of the drill hole)
21.32 g/t gold over 3.95m (within 13.80 g/t over 6.5m)


*  DH 407-84-17 (historical drill hole)
12.0 g/t gold over 13.08m (includes 17.0 g/t over 8.93m)


*  DH AAX-07-12 (2007 drill hole)
7.90 g/t gold over 12.55m


*  DH OAX-15-054 (2015 drill hole)
17.03 g/t gold over 3.4m


*  DH OU-5-20 (historical drill hole)
8.8 g/t gold over 7.5m