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Bullboard - Stock Discussion Forum 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... see more

GREY:ALXDF - Post Discussion

Alexandria Minerals Corp > read the recent MD&A !!!
View:
Post by Goodbadandugly on Apr 03, 2018 9:38pm

read the recent MD&A !!!

Goldhunter, you said:
   "If the updated RE (6 April 2018 is just a few days away) does not give an additional 0.4Moz,
then we can all blame EO for giving us flase hope?"

OR can we blame current management? See Page 2 and 3/24 of recent MD&A:

 "The drill program has expanded the foot print of the known gold mineralization and no drilling from the western step-out drilling will be used." !!?? Really?
  "An assay cut-off of January 2018 was used for the database for the resource estimate update with more recent holes not included."  Oh, isnt THAT interesting??
  "A total of 116 new drill holes from the current drill program (not 200!) will be used in the new resource estimate."  Huh?
Comment by Anacott on Apr 04, 2018 3:25am
Goodbadandugly, please consider carefully the news release from March 15th. It stated AZX will even use the drill data from Zone 2 as of the aforementioned news release. The fourteen newly released drill holes from Orenada Zone 2 are to be used for the new resource estimate update currently being completed This paragraph can also be found in the NR. That might be the reason why the RE is this ...more  
Comment by Newrookie on Apr 04, 2018 5:15am
Read carefully the '' exploration activities'' section. There is more results to come. The famous missing drill holes stated last fall and this winter. < in="" its="" 2017="" drill="" campaign,="" the="" company="" drilled="" a="" total="" of="" 56,102.0="" ...more  
Comment by goldhunter11 on Apr 04, 2018 8:41am
GB&U, You are absolutely correct. When it was mentioned  "EO giving us false hope?" it was said in a tongue-in-cheek fashion. Also,  I have not read the MD&A closely enough until you quoted it. Will read it again and may have further comments later. Apparenty, the current management is re-shaping the Tech Report in a different way than what EO was intended to do. May ...more  
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