Alexandria Minerals Corp ALXDF

Eldorado Gold in the biding for Alexandria Minerals ?

[Marine2]

Does anyone here think ELD is in the running to buyout AZX in order to consolidate the area ?

Eldorado Gold would be the most likely conteder with the money they are investing at Lamaque. For ELD another $50 to $60,,, $70 million in cash would be easy with almost a Billion $$ at hand.?

Us ICG shareholders still don't know what was in the drill results from the Lamaque Deeps or Lamaque East zone ?

Lamaque

During 2017 the Company completed the Integra acquisition and began work at its 100% wholly-owned Lamaque project.  In addition to the ongoing resource upgrade and resource expansion drilling, the Lamaque pre-feasibility study continued on schedule and is expected to be complete with maiden reserves by the end of the first quarter 2018.

During 2017 test mining extracted 47,750 tonnes of ore with an average head grade of 8.6 g/t gold, with approximately 35,400 tonnes processed at a nearby custom milling facility.  Results from the first two batches (32,000 tonnes) indicate that gold grade was in line with expectations and recoveries were slightly higher than anticipated at an average 95.4% for the toll treatment.

Capital expenditures at Lamaque in 2018 are forecast to be $120 million, including $20 million of capitalized mine operating costs.  The Company expects to extract roughly 200,000 tonnes of ore grading 7.29 grams per tonne gold, containing approximately 40,000 ounces and anticipates toll milling a portion of the ore and producing 15,000 to 25,000 ounces.

Commercial production remains forecast for 2019 and is expected to be confirmed with the release of the pre-feasibility study. 

M2

[LRGreturns4me]

Hey Marine, Another except from the results and guidance NR. Your question: Us ICG shareholders still don't know what was in the drill results from the Lamaque Deeps or Lamaque East zone ? I think they gave us a hint......   Eldorado Announces Preliminary 2017 Operational Results and Partial 2018 Guidance 2017 Exploration Review Highlights of the Company's

[Shylock]

ELD, the little gold company that couldn't, I certainly hope is not foolish enough to try to bid for AZX.  They already have their hands full with Integra in a bid to save themselves from themselves in Greece, Turkey, Romania and other garden spots. It better work for them in QC or they are toast. Meanwhile, back at the ranch the EO affair has turned out to be a non-event.  So

[easycoder]

This post has been removed in accordance with Community Policy

[Shylock]

I very much doubt that it is, either.  My comment simply refers to the fact that the company could now tolerate it should it occur whereas before it could not. I would also be cautious about predicting about when a sale or JV would be announced.  We don't know. What we DO know is that this company grows more valuable by the day and there are ample sharp eyes watching and evaluating

[NextPhase]

Shylock, I don't think we need to worry about an ELD bid, because I don't think AEM, which is still a large shareholder, would allow that deal to happen. We already have EO and insiders above 5% likely against *any* deal, so if you add AEM to, then that would add another 8% in opposition. I don't see ES wanting to sell to ELD either, but I can't be as certain of this. Even if ELD

[mystique1]

Shylock....well stated....I'm going to repost a couple paragraphs from your post that summarize what AZX needs and doesn't need..... """Just before a volcano blows, there are often little earthquakes and tremors and other evidence that things are in transition.  Well, the same with a promising junior gold.  Alexandria is a very valuable property and it should be