Alexandria Minerals Corp ALXDF

Visualizing Where AZX is Drilling at Zone 4

[NextPhase]

Hey all,

This is my first attempt at showing where Orenada's 2015-2017 drill program is taking place in relation to the original resource estimate in 2008 for Zone 4. It was a bit tricky to get the sample locations, but it should be close to the actual numbers. Once I lined up the background image with the actual coordinates, I was able to capture the location data with an analytics program that I use. Although faded, I kept the background picture in my chart, so you can see the underlying geology.



Saying that, I'm not entirely 100% confident for the locations of the 2008 drill locations in relation to the picture. These holes were not shown from the 2017 news releases to give me a convenient reference point, but the actual coordinate data exists in the 2008 technical reports. I only make note of this, because my method in collecting the data was different... which *could* lead to slight inaccuracies in location. If you see something obviously wrong, then please let me know.

This is also not a comprehensive list of all holes drilled by Alexandria in Zone 4 in 2017, but just a data visualization to help show how the new drill program's approach is different from the original resource estimate. I have been looking at these drill numbers in charts and spreadsheets for so long that I really wanted to see it from a bigger picture perspective. Hopefully, others will also benefit from this approach.

The first thing that stood out to me was how much further south the start of these samples were drilled from. This actually makes sense if you look at the graphics attached to some of the drill results in 2017, because from those pictures, it appears AZX reversed the angle of the drilling. So, the trailing goes up, instead of down. If I'm describing this incorrectly, then please respond with more accurate information. :-)

Second, I think investors are underestimating how many drill samples are being collected for the new resource estimate compared to 2008. This dynamic is especially true for Zone 4, and I'm expecting a large portion of the resource increase to occur from the results in this area. In 2008, only 22 holes were drilled in Zone 4, where the best grading assays were only 1-1.5 g/t of gold and below 400m.

So, I am encouraged after reviewing many of the results from the recent drill program at Zone 4. I'm also more confident in the updated resource estimate after seeing how Alexandria is not only trying to redefine the current resource with a higher grade, but they are also trying to expand the resource area.

NP

Disclosure: I own AZX, I'm not a geologist, I do not work in the resource industry, do your own due dilligence, this is not financial advice.

I posted the location data below, for those of you that want to check my work. You may also notice that several of the drill locations below do not have results yet... maybe soon??? :-)

Hole	Area	Location	Estrant	Nordant	Depth	AZ	Dip
OAX-07-01	Zone 4	Section 14300 W	214835.92	5324112.90	243	195	-52
OAX-07-02	Zone 4	Section 14300 W	214851.04	5324163.30	339	195	-63
OAX-07-03	Zone 2	Section 12600 W	215339.40	5323974.60	105	195	-51
OAX-07-04	Zone 2	Section 12600 W	215346.36	5324007.20	159.4	195	-51
OAX-07-05	Zone 4	Section 14300 W	214861.75	5324199.20	381	195	-65
OAX-07-06	Zone 4	Section 14300 W	214874.35	5324238.80	432	195	-68
OAX-07-07	Zone 4	Stopped	214874.35	5324238.80	147	195	-73
OAX-07-08	Zone 2	Section 12200 W	215465.00	5323972.40	189	192	-50
OAX-07-09	Zone 2	Section 12200 W	215474.00	5324000.30	204	195	-53
OAX-07-10	Zone 2	Section 12000 W	215484.94	5324035.00	258	195	-53
OAX-07-11	Zone 2	Section 12000 W	215566.30	5324111.20	444	203	-53
OAX-07-12	Zone 4	Stopped	214890.60	5324293.40	114	180	-72
OAX-07-12A	Zone 4	Stopped	214890.70	5324293.70	25	195	-70
OAX-07-12B	Zone 4	Stopped	214890.50	5324293.10	26	195	-70
OAX-07-12C	Zone 4	Stopped	214890.20	5324293.20	21	195	-70
OAX-07-13	Zone 4	Stopped	214887.50	5324284.10	19	195	-70
OAX-07-13A	Zone 4	Section 14300 W	214887.50	5324284.40	533.7	195	-70
OAX-07-14	Zone 2	Section 11800 W	215582.51	5323941.20	215.4	195	-50
OAX-07-15	Zone 4	Section 14300 W	215131.10	5324132.10	423	195	-65
OAX-07-16	Zone 2	Section 11800 W	215576.10	5323919.00	191.4	195	-50
OAX-07-17	Zone 4	Section 13400 W	215144.81	5324177.30	405	195	-65
OAX-07-18	Zone 2	Section 11800 W	215567.94	5323892.60	191.4	195	-50
OAX-07-19	Zone 2	Section 11800 W	215567.94	5324117.40	489	195	-55
OAX-07-20	Zone 4	Section 14300 W	214896.20	5324343.30	40	210	-73
OAX-07-20A	Zone 4	Section 14300 W	214896.15	5324343.40	576	195	-70
OAX-07-21	Zone 2	Section 11800 W	215607.90	5324023.30	412.9	195	-50
OAX-07-22	Zone 2	Section 11800 W	215585.02	5323965.60	256.3	195	-50
OAX-07-23	Zone 4	Section 11800 W	215166.02	5324247.90	648	195	-70
OAX-07-24	Zone 2	Section 11800 W	215654.08	5324176.00	590.2	195	-60
OAX-07-25	Zone 2	Section 11000 W	215859.56	5324026.20	422.7	195	-74
OAX-07-26	Zone 4	Section 13400 W	215180.86	5324296.20	810	195	-74
OAX-07-27	Zone 2	Section 11000 W	215842.28	5323970.20	287.8	195	-62
OAX-07-28	Zone 2	Section 11000 W	215825.47	5323915.60	206.6	195	-60
OAX-07-29	Zone 2	Section 11400 W	215738.38	5324044.20	494.4	195	-55
OAX-07-30	Zone 4	Section 13900 W	215018.58	5324306.70	630	195	-65
OAX-07-31	Zone 2	Section 11400 W	215721.55	5323993.80	421.5	195	-55
OAX-07-32	Zone 2	Section 11400 W	215705.01	5323943.80	287.6	195	-55
OAX-07-33	Zone 4	Section 11400 W	215157.20	5324219.50	585	195	-68
OAX-07-34	Zone 2	Section 12200 W	215445.37	5323917.10	159	195	-50
OAX-07-35	Zone 2	Section 12400 W	215394.74	5323960.10	99	195	-47
OAX-07-36	Zone 2	Section 12400 W	215414.56	5324016.27	165	195	-50
OAX-07-37	Zone 2	Section 12400 W	215428.50	5324062.70	235	195	-50
OAX-07-38	Zone 4	Section 13400 W	215180.40	5324296.10	720	195	-70
OAX-07-39	Zone 4	Section 13900 W	215041.52	5324379.50	800	195	-70
OAX-08-40	Zone 2	Section 12200 W	215439.05	5323886.50	190.7	196	-46
OAX-08-41	Zone 2	Section 11600 W	215660.74	5323994.00	356.4	198.6	-51
OAX-08-42	Zone 2	Section 11600 W	215643.55	5323933.80	281.1	195	-53
OAX-08-43	Zone 2	Section 11600 W	215624.88	5323870.20	133.7	195	-52
OAX-08-44	Zone 2	Section 11600 W	215679.29	5324057.90	443.2	195	-52
OAX-08-45	Zone 2	Section 11400 W	215699.31	5323897.00	276.1	195	-52
OAX-08-46	Zone 2	Section 11000 W	215801.46	5323824.80	140.6	195	-52
OAX-08-47	Zone 2	Section 11400 W	215783.43	5324184.00	632.4	195	-52
OAX-08-48	Zone 2	Section 10600 W	215977.00	5323983.00	350	195	-52
OAX-08-49	Zone 2	Section 10600 W	215957.00	5323914.00	326	195	-52
OAX-08-50	Zone 2	Section 10600 W	215996.00	5324049.00	450	195	-52
OAX-08-51	Zone 2	Section 10200 W	216112.88	5324000.00	416	195	-52
OAX-08-52	Zone 2	Section 10200 W	216132.60	5324067.30	518	195	-52
AAX-07-10	Zone 2	Section 11800 W	215631.00	5324121.00	458	195	-50
AAX-07-11	Zone 2	Section 12100 W	215497.85	5323973.50	274.7	195	-45
AAX-07-12	Zone 4	Section 14300 W	214835.00	5324130.00	32.8	195	-60
AAX-07-22	Mid-Canada Expansion	IP Anomaly	214965.00	5324800.00	296	180	-45
AAX-07-23	Zone 2	Cadillac Break, East Zone 2	216232.00	5323969.00	407.4	180	-55
AAX-07-24	Zone 2	Cadillac Break, East Zone 2	216489.00	5323988.00	548.6	195	-50
AAX-07-25	Zone 5	East Zone 2 Zone 5	216226.00	5323953.00	544.6	15	-50
AAX-07-26	Zone 2	Cadillac Break, East Zone 2	216700.00	5323590.00	344	195	-50
OAX-17-107	Zone 4		213900.00	5324268.00
OAX-17-109	Zone 4		213917.00	5324343.00
OAX-17-098	Zone 4		214421.00	5324171.00
OAX-17-092	Zone 4		214678.00	5324014.00
OAX-17-094	Zone 4		214732.00	5323986.00
OAX-17-119	Zone 4		214053.00	5324251.00
OAX-17-122	Zone 4		214056.00	5324227.00
OAX-17-103	Zone 4		214196.00	5324184.00
OAX-17-104	Zone 4		214185.00	5324165.00
OAX-17-112	Zone 4		214202.00	5324117.00
OAX-17-118	Zone 4		214278.00	5324169.00
OAX-17-119	Zone 4		214276.00	5324158.00
OAX-17-121	Zone 4		214321.00	5324206.00
OAX-17-086	Zone 4		214343.00	5324193.00
OAX-17-105	Zone 4		214332.00	5324143.00
OAX-17-117	Zone 4		214324.00	5324096.00
OAX-17-087	Zone 4		214382.00	5324021.00
OAX-17-099	Zone 4		214464.00	5324068.00
OAX-17-116	Zone 4		214471.00	5324120.00
OAX-17-106	Zone 4		214462.00	5324150.00
OAX-17-084	Zone 4		214518.00	5324040.00
OAX-17-085	Zone 4		214501.00	5324023.00
OAX-17-088	Zone 4		214579.00	5324059.00
OAX-17-089EXT	Zone 4		214570.00	5324029.00
OAX-15-054	Zone 4		214553.00	5323982.00
OAX-17-091	Zone 4		214615.00	5323967.00
OAX-17-090EXT	Zone 4		214630.00	5324021.00
OAX-17-090	Zone 4		214635.00	5324040.00
OAX-17-093	Zone 4		214652.00	5323887.00
OAX-17-095	Zone 4		214747.00	5323965.00
OAX-17-096	Zone 4		214730.00	5323956.00
OAX-17-097	Zone 4		214719.00	5323926.00

[NextPhase]

Hey all, So, I think it's worth my time to explain the method I used for finding the drilling locations in Zone 4. I hope others will find the process described in this post interesting. Before I go any further, I want to make clear, just in case there any confusion exists, Alexandria Minerals does not necessarily endorse any of my opinions, expectations, or analysis. I'm only sharing my

[goldhunter11]

NP, This is good stuff. It getting to where I would do if I knew how to do it (bad student who did not want to learn).  First a couple of references -Ref 1, 2009 Technical Report: https://www.azx.ca/ir/reports/43101orenada.pdf - Ref 2, Oct 26, 2017, Addendum NR. Fig 1gives the top view of Zone 4 deposi with the Open Pit; Fig 2shows the x-section with the headframe (I had to draw in the pit by

[NextPhase]

GH, I only focused on Zone 4 and the OAX drill numbers for this study. Saying this, I realize now I should have included one more hole number, AAX-07-12. This is the only AAX drill location within the Zone 4 area. It's results were released on May 29, 2007 with the following details. Date Hole Order From To Length

[goldhunter11]

Thanks NP. Yes, I saw that you concentrate only in Zone 4 (the first 3 fences on the insert, blow up of the area, shown in Figure 8 of the 2009 Technical Report). The show the drill hole numbers, but they could provide what you show here by adding the colour (=grade) and size of the circle (= intercept). Presumably the results are projected to the surface, so the location of the high grade

[goldhunter11]

NP, In my previous post I forgot to mention the following: - Your "Visualizing Drill Results at Zone 4" is essentially the plan view from a CoreBox visualiztion, link below (use Probe, and rotate the presentation until you can look straight down from above). But, your information is better since it has thevalue-added info (colour and the size of the circles). So you could see where the

[NextPhase]

Yeah, when I say 2008 RE, because the drill results happened in 2007-2008. For whatever reason, it's more natural for me to think in those terms, but you're right that it's 2009. I will start working on updating the map with several of the features you mentioned and looking at the more recent new release. I'm thinking about using Adobe Illustrator for the next update, because

[ggrellette]

I thought it was obvious. There is a battle going on and you think this is acceptable wow. I read the board memembers trials and errors and well I shall keep my finger on the sell button. 

[Currower]

You better look at the button again. I believe you already did. Approx one million shares bid at .085 384000 ask at .095 no transaction for 30 minutes.volume 522666. It's like Watching a drama on tv.

[NextPhase]

ggrellette, Unfortunately, I'm a bit dense :-), so you're going to have to spell this out for me. Can you explain to me how the BoD, which is still reviewing strategic alternatives, does not have firm control of Alexandria Minerals? Especially, since the Chairman of the Board, Peter Gundy, has a strong relationship with AZX's largest shareholder, Eric Sprott. If I'm missing

[ggrellette]

Which BOD r u refering to..................... The encubments or those wishing to takeover?????????????? Eric Owens being terminated should tell u something.

[NextPhase]

I'm referring to Peter Gundy, Walter Henry, Robert Geis, Gary O'Connor, and Priya Patil. Which BoD were you talking about? :-) NP

[ggrellette]

The BOD that "The Concerned Shareholders" want to institute. Personally this would have all been avoided if EO would have drillled deeper instead of playing cat and mouse games and now the game is over for him. He was terminated as stated in his letter to shareholders. So as we all can see there is a power struggle going on. Hopefully you can see that at least.

[Currower]

I think you should check your finger grelette you pushed the sell button a while ago. By the way it's incumbent not encubment. Si votre clavier est en francais mes apologies.

[ggrellette]

Thks, u r correct but as usual the fortune tellers on these boards never really get it right. I bought back in back in december. Thks for the spelling lesson oh BTW it is spelled grellette and you did not have to use memory to get that one right. lol