GREY:ALXDF - Post by User
Comment by
STOCKRUSon May 10, 2017 8:36am
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Post# 26224710
RE:Alexandria Drilling Expands Gold Mineralization at Orenada
RE:Alexandria Drilling Expands Gold Mineralization at Orenada Very good drill results and excellent work done by the technical team, sure looks like a mineable open pit deposit..
Eric Owens, President and CEO of Alexandria, stated, "These are the best results we have received to-date at Zone 4, and we are especially pleased that they have come from a previously untested area. This gives us great encouragement and confidence in the potential for growth, as we are still waiting for assay results from 22 holes, including 10 step-out holes west of the open pit." The 478M I/O may not allow this stock to move up to highrer levels quickly along with golds sell off, but in time AZX may be a buy out situation or production.
I have a buy order in for 0.065 however I do prefer smaller I/O companies and hold ALZ.V with 50M I/O that's in the Abitibi area along with the seniors & majors that has drilled some positive results in 2017.
Looking forward to the remaining 22 holes form AZX.