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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Comment by goldhunter11on Apr 04, 2018 12:01pm
94 Views
Post# 27829126

RE:DRILL HOLES

RE:DRILL HOLESMagrath,
Heaven forbid should they use the low ounces in the 116-hole updated RE to try to justify a low-ball offer (how many offer do they have now on the table?).

I thought the whole idea of having an updated RE with improved results (double, triple? of the 2009 RE) is to attract many bidders who like us would want to know the goods in the ground for Orenada... No?

Perhaps, someone could ring up WH to find out what's the rationale for using only slightly over 50% of the holes? What about the results of the balance? Are they available, but they were not used by an arbitrary cut off date (which date in January 2018, since January has 31 days).

If they have the assays results for the excluded holes available, it would be worth while to include them all for the sake of a more complete (and much better) RE, even if they need to delay the release by another 2 weeks or so. The model has been set up and the software is ready to go, it just a matter of punching in the numbers and press the GO button for a modified run and change a few words in the 101 report. It should not take that long even to do this, 1 week is probably doable.
GH
---------------
Magrath101 wrote: They will be only using 116 drill holes out of 200. That's 84 holes not being used in the RE.
Almost half of the drilling program not counted. That could mean a lot of ozs missing in the RE.


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