Alexandria Minerals Corp ALXDF

RE:O3

[Dansul]

Smitty17, Well here you go more info about O3, add to that what AZX resorces OIII will be great enough to have their stocks, however at the transaction time I hope the highest can be available for us.

GLTA,
Dan

From Cedar report on July 2019

         Technical report (NI 43-101) - English       

You may need to search CEDAR about O3 Mining Inc.

18. INTERPRETATION AND CONCLUSIONS

The Marban Block property is strategically located in the Malartic gold district in the southern Abitibi greenstone belt. The Malartic district is considered to be a highly prospective area with historical production of about 9 million ounces of gold. The Marban Block property is located in line with the past producing Kiena and Camflo mines (production of 1.70 and 1.88 million ounces of gold respectively).

The Marban Block property includes three historic mines (Kierens, Norlartic and Marban) that produced almost 600,000 ounces of gold. The geologic environment of the Marban Block property is similar to other gold-producing areas of the Abitibi greenstone belt.

Gold mineralization at the Marban deposit is also quite unusual in that it has an east-west strike and moderate dips, unlike the more northwesterly trending and steeply dipping mineralization that is typical of other mineralized areas of the property. Gold at the Marban deposit occurs along a series of relatively thin but through going shear zones that lie primarily within a package of basaltic flows. The mineralized shears are deformed into folds that are characterized by subhorizontal fold axes. A zone of relatively tight folding occurs within an elevation range of between 150 and 250 meters below the surface throughout most of the deposit, where much of the higher-grade mineralization (as well as historic mining) is concentrated. The mineralized shears extend updip beyond this subhorizontal zone of tight folding to the bedrock surface and downdip through to the limits of drilling. Mineralization at Kierens and Norlartic occurs within the northwest-trending Norbenite shear zone and is often closely associated with dikes and related shear zones, quartz veinlets, and sulfides. The dikes, shears, and related mineralization have steep (Norlartic) to subvertical (Kierens) dips to the north.

Significant gold mineralization has been identified at several areas on the property, and a number of styles of mineralization are evident. Gold resources have been estimated at three deposits: Marban, Kierens, and Norlartic.

BSI validated the exploration processes and drill core sampling procedures used by Osisko as part of an independent verification program. This included a visit of the Marban Block Property in August 2015, database verification and review of the QA-QC program for the last drilling program (2014-2015). In the process of completing the resource estimate of the Marban Block property deposit, BSI came to the following conclusions:

•  Very little is known about the details of the sampling and assaying procedures used by the past operators at the Marban Block property, and quality-control data from the historic drilling programs are not available.

•  Osisko undertook various resampling programs, whereby historic drill core was resampled and assayed, which allows for comparisons of the new assay results with the original historic analyses.

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Updated Mineral Resource Technical Report – Marban Block Property

•  The analysis of the re-sampling came to the conclusion that at least some of the historic gold analyses at all three resource areas appear to be biased high relative to the Osisko resample assays at grades of about 0.7 g Au/t and lower.

•  BSI constructed alternate block models using or not historical data or re-sampling in order to verify the impact of the potential high bias of historical sampling below 0.7 g/t. Compilations of alternate models shows that grade interpolation does not seem to be materially affected when new sampling replace historical data. However, BSI judged that there is still some unquantifiable risk into the resources that are potentially available to open-pit mining.

•  Osisko drill core handling, logging and sampling protocols conform to generally accepted Industry best practices.

•  Osisko QA-QC protocol is judge to be conforming to industry standards. However, BSI would recommend introducing assaying of a second pulp in the program (preparation duplicate).

•  High variability in the preparation duplicates and core duplicates at Marban, Kierens, and Norlartic is consistent with the presence of a nugget effect.

•  The author is confident that the protocols and methodology used by Osisko is appropriate and that data produced is suitable for the estimation of a NI 43-101 compliant mineral resource.

•  Potential outlier values in the assay population have been analyzed and top cuts were applied

  based on the statistics of the populations.

•  The resources were estimated using ID3 interpolation method (using 2m composites) and

  parallel estimates were conducted using inverse distance squared method and Ordinary kriging

  as a check. The discrepancy between the models is not material.

•  The mineral resources have been estimated in conformity with generally accepted CIM

  Estimation of Mineral Resource and Mineral Reserves Best Practices Guidelines (November 2003). Classification was done according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (November 2010).

•  Operating cost estimates were based on surface and underground mining approach for the calculation of an economic cut-off.

•  The resources were first compiled based on their potential for open-pit and then forunderground extraction below the pit shells. The “reasonable prospects for economic extraction” requirement generally implies that the quantity and grade estimates meet certaineconomic thresholds and that the mineral resources are reported at an appropriate cut-off grade that takes into account extraction scenarios, processing recoveries and commodities prices. BSI considers that the gold mineralization at the Marban Block Property is amenable to surface or underground extraction and that it is appropriate to report the mineral resources of the project at a cut-off grade of 0.40 g/t for open pit mining and 2.5 g/t for underground mining.

•  The Mineral Resource Statement prepared by BSI reflects the current knowledge about the distribution of the gold mineralization and the associated grade trends. Mineralization within the deposits remains open at depth and to a lesser extent, laterally.

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Updated Mineral Resource Technical Report – Marban Block Property

The Marban, Kierens, and Norlartic deposits contain a total of 38.159 million tonnes of Measured and Indicated resources grading 1.29 g Au/t (1,588,000 ounces) and 4.139 million tonnes of Inferred resources grading 1.47 g Au/t (195,000 ounces). These resources are compiled based on their potential for either open-pit or underground extraction. The resource estimations are based on assay data provided from 2,024 holes at Marban (587 of which were drilled by Osisko), 715 holes at Kierens (45 by Osisko), and 1,838 holes at Norlartic (90 by Osisko).

The Marban Block resources extend to depths of about 550 meters (Kierens and Norlartic) to 600 meters (Marban) below the surface, while the southern Abitibi greenstone belt hosts vertically continuous, structurally controlled mesothermal gold systems at depths of over one kilometer. The potential to extend the existing resources at depth is therefore still good.