Mining Market Watch Journal

 

Sector Insight & Corporate Overviews

 

of Quality Mining Companies

O Free Newsletter/Membership

Name:

Email:

 

 

 

 O Home Page   O About Us   O Stock Quotes & Research   O Upcoming Sector Events   O Mining Organizations & Schools   O Mining Terms - Glossary  O What is NI-43-101?

Feature article May 20, 2015:

 

 

Best-in-class explorer Alexandria Minerals adding new gold ounces, and poised for success on 3 fronts in 2015

   

Alexandria Minerals Corporation

(TSX-V: AZX) (US: ALXDF) (Frankfurt: A9D)

  • Royalty on horizon from recent asset sale to Agnico Eagle, estimated at $7 million from 1% NSR buyout + ~$500,000/year on remaining 1%.

  • 1.584 million oz global gold resource on AZX.V's 100% owned Cadillac Break Trend land package in Quebec, proximal to infrastructure-rich Val d'Or (4 mills in need of feed are within 15 km) + ~925,000 of gold equivalent oz Cu-Au-Zn VMS resource in Manitoba.

  • Market cap under $13 million (~240M shares outstanding) -- potential for share price to increase several-fold near-term based on inherent intrinsic value, discovery/growth, & ability to cash flow non-dilutively.

  • Proven ability to discover significant gold at low cost per ounce.

  • Stable, mining-friendly regions.

  • Experienced management & skilled technical leadership.

  • Plan to advance deposits toward monetization on several fronts, plus test new potential multi-million ounce gold-copper targets in 2015.

 

 

Valuation Commentary: Alexandria Minerals Corporation (TSX-V: AZX) (US Listing: ALXDF) (Frankfurt: A9D) is a newly-diversified junior miner (after its Q1-2015 acquisition of Murgor) with an impressive portfolio of advanced-stage projects with serious intrinsic resource value in Quebec, Ontario, and Manitoba. In Quebec AZX.V is focused on exploring, developing, and monetizing its Cadillac Break group of precious metal properties which contiguously stretch 35 km along the prolific Cadillac Trend. AZX.V currently has global resources in Quebec totaling 1,583,882 ounces gold (695,524 ounces Measured & Indicated and 888,358 ounces Inferred) on three 100% owned projects proximal to infrastructure-rich Val d'Or where 4 gold mills with excess capacity are within 15 km. In Manitoba AZX.V has two advanced-stage Cu-Au-Ag-Zn projects with ~925,000 of gold equivalent ounces. All of AZX.V's flagship deposits are within close proximity to mills hungry for feed, giving it an advantage over other juniors explorers (which are absent local mill/infrastructure), comparatively AZX.V gold deposits are apt to superior demand/returns as they are do not necessarily require large capex of building a mill.

 

AZX.V poised for upside share price revaluation: On March 10, 2015 Alexandira completed its acquisition of all the outstanding shares of Murgor Resources; Murgor shareholders voted overwhelmingly (99.7%) in favour of the transaction (AZX.V is effectively paying ~$3.50/oz (gold equivalent) in shares for Murgor's assets, details of what was acquired may be viewed here -- in short, 'an excellent buy in a buyers market'). The end result leaves AZX.V with ~239.9 million shares issued and outstanding (plus ~20 million out-of-the-money fully-diluted options and warrants). This places AZX.V clearly on sale, trading with a market cap <$13M -- contrast this with the following list of assets:

1) Cash position: AZX.V entered Q2-2015 with ~CDN$2 million in current assets (that includes cash and refunds coming from the Quebec government);

2) ~2.5 million ounces of gold and gold equivalent on projects approaching marketability/monetization (see complete list below);

3) A significant 2% Net Smelter Royalty (NSR) set to kick in from the 'West Zone' gold asset sale to Agnico Eagle in 2014 which is being fast-tracked to mine production; AEM has applied for environmental permits and it is anticipated a 3,000 to 4,000TPD operation (feeding its nearby Goldex mill) will occur from the West Zone beginning in 2016 at which time AZX.V is entitled to the 2% NSR on material after 210K oz of gold has been mined. We estimate that at ~3 years in (as the NSR kicks in) Agnico Eagle will buyout 1% of the NSR for ~$7M and the remaining 1% NSR will provide AZX.V with ~$500,000/year.

 

AZX.V is positioned for extraordinary share price appreciation over the coming months and years as the reality of the large inherent asset value that the Company possesses is understood by the market. Alexandira will be executing on a plan to unleash value on several fronts to monetize assets and find new gold. Immediate focus will be to deliver new resource calculations on three advance-stage projects (Orenada, Wim, & Hudvam), making them readily-marketable. AZX.V is also this 2015 actively exploring for new gold-copper discovery on highly-prospective targets in Val 'd using success based drilling. Important to note is that since 2006 AZX.V has discovered >1.93 million ounces of gold (plus 138 million lbs copper) efficiently at an all-up cost of discovery of ~$15 per ounce of gold.

  

Alexandria Minerals does what few junior miners ever manage to do; explore for gold and make money at the same time: The 2014 sale of the West Zone deposit claims to Agnico Eagle (for $5 million and 2% NSR) demonstrates two important future drivers for the share price of AZX.V to the market; 1) Alexandria Minerals is capable of monetizing the gold it finds, and 2) AZX.V's primary assets are proximal to mills hungry for feed, and this puts them at an advantage over gold deposits that most other juniors are exploring/discovering (absent local mill/infrastructure), comparatively AZX.V gold deposits are apt to superior demand/returns as they do not necessarily require large capex of building a mill.

 

Alexandria highly prospective for major multi-million ounce gold-copper discovery on the western half of its 35 km Cadillac Break property package:

 

Alexandria Minerals has always based its drilling on 'success-based drilling' (if it hits well they follow-up, otherwise they move on). AZX.V is now drilling on a 7 km long gold-copper anomaly on the Ducros section of its Cadillac Break property, located a few kilometres west of where it encountered success on Akasaba and discovered the West Zone that it sold to Agnico Eagle. AZX.V has learned a lot about the geology in its drilling of Akasaba and is now testing some new ideas, taking a broader look, and applying its thoughts and interpretation on what appears a rather large geological system -- a copper-gold model possibly harboring a large bulk tonnage porphyry Cu-Ag deposit. The drill program at Ducros is based on testing historic exploration efforts dating back to the 1930s, which show evidence of Au-Cu-Mo mineralization, as this is exactly what AZX.V found at the West Zone. See related February 17, 2015 news release entitled "Alexandria Begins Drilling Copper-Gold Zone in Val d'Or", and the related April 30, 2015 news release regarding some of the initial results from the winter-2015 drill program entitled "Alexandria Extends Zone of High Grade Gold Veins at Orenada With 3.4 Meters Grading 17.03 g/t Gold". The Cadillac Trend lies within the Southern Abitibi Greenstone Belt which has seen over 170 million ounces of Gold production history -- Alexandria is in elephant country and there are geological signatures on its property that there is potential for an elephant size deposit.

   

Current assets with resources of significance being advanced toward near-term monetization:

 

1) Resources on Alexandria's 35km-long Cadillac Break Properties in Quebec:

A) 100% owned Sleepy Gold Project, Val d'Or, Quebec -- NI 43-101 resources (Q4 2014): 307,350 oz gold Inferred underground (1,885,500t @ 5.1 g/t Au). The sleepy deposit is a high-grade disseminated gold pyrite ore body. The deposit has the advantage of low variability, not pocket or nuggety, and the average width is ~5 m true width. AZX.V has blue-sky potential to increase mineralization at Sleepy along strike and at depth. The Sleepy deposit is now approximately the size and grade of average historical mines in Val d'Or, essentially a fairly good size and quality deposit, located in amongst several Val d'Or mills looking for feed -- the marketability of Sleepy has taken a major jump with the recent doubling of the resource. This 2015 AZX plans to spend a little money on an independent firm to come up with an economic analysis it can shop with a local mill to JV Sleepy with AZX and feed it to their mill -- there are 3-4 mills that are idle right now and need feed. Early-stage metallurgical studies show a simple mineralogy with >90% recovery, needless to say a JV has the potential to yield several millions cash flow wise to AZX. AZX.V will likely perform infill drilling (basically doubling the number of drill holes that penetrate the mineralized zone), possibly later in 2015, to bring Sleepy up to an indicated level resource.

  

B) 100% owned Orenada Gold Project, Val d'Or, Quebec -- NI 43-101 resources (Q4 2009): 446,891 oz gold Measured & Indicated (~10.2M Tonnes @ 1.35 g/T Au), and 302,469 oz gold Inferred (~7.4M Tonnes @ 1.27 g/T). Oreanda is a surface bulk-tonnage deposit with outsourced milling potential. The deposit now demonstrates both open pit and underground mining production scenario potentials; the recent drilling builds values towards expanding on the existing resource deposit zones and demonstrates a much larger disseminated bulk tonnage area with high grade veins intermixed. The quality results advance Orenada closer toward monetization, possibly similar to what Alexandria achieved in its 2014 asset sale of the West Zone (part of its Akasaba project) to Agnico-Eagle. Orenada lies within 15 km of 4 mills operating below capacity. The deposit is open along strike and at depth. In the early 1990's Aur Resources completed a bulk sample that produced ~4,000 ounces of gold (72,195 tonnes grading 1.72 g/t Au). In short, Orenada is ripe for monetization near-term -- AZX.V plans to perform an updated resource calculation using current (better) metal values, this will deliver more robust resource numbers.

 

C) 100% owned Akasaba Gold Project, Val d'Or, Quebec -- NI 43-101 resources (Q1 2013): 248,790 oz. gold Indicated (made up of Indicated open pits = 132,475 oz gold (3,009,214 Tonnes @ 1.37 g/T) + Indicated underground = 116,158 oz gold (609,274 Tonnes @ 5.93 g/T)) and 278,539 oz. gold Inferred; (made up of Inferred open pits = 13,653 oz gold (219,882 Tonnes @ 1.93 g/T) + Inferred underground = 264,886 oz gold (1,475,622 Tonnes @ 5.58 g/T)). The current resource has been delineated around a past-producing mine, active in early 60’s (it historically produced 40,000 oz. of Gold at 5.14 g/t). AZX.V has recently conducted 12,277 m of drilling (completed in 2013 and 2014) on Akasaba. Akasaba possesses substantial near-surface and in depth growth potential. Akasaba’s main high grade zone is open at depth, deposit is open along strike to the east. Greenstone belts typically run deep, there are mines at 8,000 – 10,000+ feet, AZX.V has only explored to ~600m. Successful mines in the Abitibi area typically have a few years of production lined up ahead of time and just keep going for decades, adding as they go.

   

2) Resources on Alexandria Mineral's properties along the Flin Flon - Snow Lake Belt, Manitoba:

(TWO HIGH GRADE COPPER-GOLD RESOURCE PROJECTS with BLUE-SKY POTENTIAL)

  

A) 100% owned  Wim (VMS Copper-Gold) Deposit, Snow Lake, Manitoba -- NI 43-101 resources (2015): 147,156,000 lbs Cu, 197,000 oz gold, 22,730,000 lbs Zn Indicated (3,898,000t  @ 1.71% Cu, 1.57 g/t Au, 0.26% Zn, 6.68 g/t Ag), and 16,616,00 lbs Cu, 41,000 oz gold, 5,941,000 lbs Zn Inferred (732,000t @ 1.03% Cu, 1.76 g/t Au, 0.37% Zn, 4.65 g/t Ag). Located 16 km north of Snow Lake Mill. 92.5% copper recoveries. The resource lies surface to 750 and requires little capex to begin mining the material. Both the Snow Lake and Flin Flon Mining Districts are vibrant mining communities (similar to Val d'Or) with several mills in proximity to Alexandria's Manitoba resources and would make ideal JV partners/suitors.

 

B) 100% owned  Hudvam (VMS Copper-Gold) Deposit, Flin Flon, Manitoba -- NI 43-101 resources (2008): 23,007,640 lbs Cu, 105,000 oz gold, 33,541,359 lbs Zn Indicated (854,076t @ 1.22% Cu, 3.82 g/t Au, 1.78% Zn, 13.84 g/t Ag), and 8,758,802 lbs Cu, 52,548 oz gold, 14,745,831 lbs Zn Inferred (502,901t @ 0.79% Cu, 3.25 g/t gold, 1.33% Zn, 6.96 g/t Ag). Located 47 km NE of Flin Flon Mill. 90% copper recoveries, >67% gold recoveries. There is an existing 250 m ramp into the resource and little capex is required to begin mining the material.

 

Note: Alexandria owns a portfolio of other impressive and noteworthy projects it has joint-ventured out, and holding properties it may use as future currency or which harbor potential to lead to cash flow some day (see further below for a complete listing). ##

 

Research firm reiterates coverage on Alexandria Minerals to clientele:

 

Financial services industry veteran Chris Temple, Editor and Publisher of The National Investor, recently initiated coverage on AZX.V as a "BUY" among his short-list of recommended speculative equities for investors seeking exposure to precious metals, and this February-2015 he reiterated his conviction in a detailed report.

"...Alexandria Minerals has among the best risk/reward profiles of any junior exploration company I have ever covered."

...click here for full copy from source - Chris Temple, National Investor, Feb-2015

 

     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

Figure 1. Subject Company's Logo

Alexandria Minerals Corporation (TSX-V: AZX)
     

       Alexandria Minerals Corporation is a Canadian based mineral exploration mining company listed on the TSX Venture Exchange (ticker symbol AZX). The Company has come to our attention due, in part, to the exceptional opportunity afforded shareholders. AZX.V has an impressive portfolio of advanced-stage projects with serious intrinsic resource value in Quebec, Ontario, and Manitoba, including one of the largest properties along the Cadillac Trend in the prolific Val d'Or, Quebec, gold mining district.

 

Recent news of significance from Alexandria Minerals Corporation:

 

• May 20, 2015 "Alexandria Increases Resources up to 64% at the WIM Copper-Gold-Zinc-Silver Project in Snow Lake, Manitoba"

 

• May 7, 2015 "Alexandria Intersects More High Grade Veins at Orenada Within 101.5 m Zone Grading 0.93 g/t Gold"

 

• April 30, 2015 "Alexandria Extends Zone of High Grade Gold Veins at Orenada With 3.4 Meters Grading 17.03 g/t Gold"

 

• April 22, 2015 "Alexandria Drills High Grade Gold Veins at Orenada, Including 25.3 g/t Gold over 0.9m"

 

• April 1, 2015 "Alexandria Review of Cadillac Break Property Geophysics Yields Strong Targets"

 

• March 19, 2015 "Alexandria Provides Summary of Recently Acquired Assets and Update of Activities"

  

• March 10, 2015 "Alexandria Minerals Acquisition of Murgor Resources Completed"

 

• February 25, 2015 "Murgor Securityholders Approve Acquisition By Alexandria"

 

• February 17, 2015 "Alexandria Begins Drilling Copper-Gold Zone in Val d'Or"

  

Below is an overview of each of Alexandria Mineral's projects (all presented as post-Murgor-acquisition):

------      ------      ------      ------      ------      ------

 

1) Alexandria's 35km-long Cadillac Break Properties - Quebec - 100% Owned, ~variable NSRs (in parts) ~2%, ~12,000 Hectares

 

Located along the Cadillac Trend, within the Southern Abitibi Greenstone Belt which has seen over 170 million ounces of Gold production history

  

 

Figure 2. (above) Map of Abitibi Greenstone Belt (top image) and AZX.V's Cadillac Break Property (lower image): AZX.V currently has global resources totaling 1,584,100 ounces gold (695,681 ounces Measured & Indicated and 888,419 ounces Inferred) on three 100% owned projects proximal to infrastructure-rich Val d'Or where 4 gold mills with excess capacity are within 15 km. The 14 (West Zone) claims AZX.V sold to Agnico Eagle in Q1 2014 are shown in grey in the image above.

 

Region and Infrastructure

Located along the prolific Cadillac Trend in the prolific Val d'Or, Quebec, gold mining district

 

 

Figure 3. (above) Map of Val d'Or-Noranda: Canada's Greatest Gold District -- >75 million ounces Gold produced, and >25 million new ounces discovered since 2003.

 

Close to mills hungry for feed: With 4 feed-hungry mills within 15 km, the infrastructure surrounding AZX's claims is highly favourable -- Agnico Eagle purchased AZX's West Zone gold deposit in Q1 2014 because the infrastructure to put it into production is in place. Agnico Eagle has a heavy-duty road that runs just north/behind AZX's Akasaba (and the now sold West Zone), the road was designed to transport ore and slurry to and between local mills. AEM will use the West Zone gold deposit as feed for its 8,600 TPD Goldex mill, which it was only operating at ~4,000 TPD -- the feed will take Goldex to 100% capacity. The large amount of infrastructure in Val d'Or makes for a quick turn-around time to get to production (~2 years in the case of the West Zone; AEM is expected to begin mining in 2016).

 

Mining-friendly province: Quebec is unanimously agreed in the mining community to be a stable, mining friendly region and is ranked as a top-tier jurisdiction by the Fraser Institute. Because of incentives offered by the government of Quebec, for every $1 that Alexandria Minerals invests in exploration and underground development, the Company will receive ~$0.30 in the form of a tax credit.

 

Breakdown of current resources of Alexandria Minerals on its 3 main Cadillac Break projects

 

Deposit   Measured and Indicated Inferred Date
  Cut-off Grade Tonnes Grade   (g/t Au) Au (oz.) Tonnes Grade   (g/t Au) Au (oz.)  
Akasaba Underground 2.25        609,274 5.93      116,158         1,475,622 5.58         264,886 Feb. 2013
Akasaba Open Pits 0.50     3,009,214 1.37      132,475            219,882 1.93           13,653 Feb. 2013
Orenada 0.50 10,273,975 1.35      446,891         7,399,643 1.27         302,469 Sept. 2009
Sleepy 2.00               1,885,500 5.10         307,350 Oct. 2009
Totals            695,524             888,358  

 

AZX.V's plan at the Cadillac Break is to advance its 3 existing gold deposits (listed above) to marketable status for monetization at local feed-hungry mills, and do what it does best -- discover more new gold; the Company's confidence level is high as it steps out and tests potential multi-million ounce gold targets going forward.

 

Below is an overview of each project and the bigger targets:

  

A) Sleepy Project - 100% Owned - (8 mining claims, 312 hectares)

 

The sleepy project has a current Inferred Resource (Q4 2014) of 307,350 oz gold Inferred underground (1,885,500t @ 5.1 g/t Au) and it lies within 15 km of 4 mills operating below capacity.

 

The sleepy deposit is a high-grade disseminated gold pyrite ore body. The deposit has the advantage of low variability, not pocket or nuggety, and the average width is ~5 m true width. AZX.V has blue-sky potential to increase mineralization at Sleepy along strike and at depth. The Sleepy deposit is now approximately the size and grade of average historical in Val d'Or, essentially a fairly good size and quality deposit. The marketability of Sleepy has taken a major jump with the recent doubling of the resource. This 2015 AZX plans to spend a little money on an independent firm to come up with an economic analysis it can shop with a local mill to JV Sleepy with AZX and feed it to their mill -- there are 3-4 mills that are idle right now and need feed. Early-stage metallurgical studies show a simple mineralogy with >90% recovery, needless to say a JV has the potential to yield several millions cash flow wise to AZX. AZX.V will likely perform infill drilling (basically doubling the number of drill holes that penetrate the mineralized zone), possibly later in 2015, to bring Sleepy up to an indicated level resource.
 

Figure 4. (above) Sleepy project map view

 

 

Figure 5. (above) sleepy longitudinal.

 

Related news release regarding Sleepy Gold Project:

 

• December 9, 2014 "Alexandria Files National Instrument 43-101 Technical Report for Its Sleepy Project on SEDAR"

 

TORONTO, ONTARIO--(Dec. 9, 2014) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(OTC:ALXDF) is pleased to announce that it has filed on SEDAR its updated National Instrument ("NI") 43-101 Technical Report for the Sleepy Project located in Val d'Or Quebec. The report, prepared by Geologica Groupe-Conseil Inc. and GeoPointCom Inc., both of Val d'Or, contains an updated mineral resource estimate (see Press Release October 22, 2014), prepared in compliance with National Instrument ("NI") 43-101.

 

The uncapped Inferred Resources total 1.89 million tonnes grading 5.1 g/t Au, for 307,350 ounces of gold at a 3 g/t cutoff, which is double the number of ounces from the first Resource Estimate released in 2009 (see Press Release, October 29, 2009). Although local high grade gold quartz veins have required capping to 52 g/t Au (3 samples), mostly the resource is relatively disseminated, with 68% of intersections grading more than 3 g/t Au over the width of the zone. For the same 3.0 g/t Au cutoff, the capped resource is 1.86 million tonnes grading 4.7 g/t Au, for 279,760 ounces of gold.

table

Notes to table:

  1. Mineral resources which are not mineral reserves have not demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues, although the Company is not aware of any such issues.

  2. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them.

  3. The mineral resources were estimated using the Canadian institute of Mining, metallurgy and Petroleum (CIM), CIM Standards on mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

  4. Assumptions for the Resource Calculation: (a) For 3.0 g/t cutoff, gold Price, $1,600/oz (three year average); for 3.7 g/t Au cutoff, gold price $1,300 (b) Specific Gravity 2.8; (c) Minimum true width, 3.0 m, (d) Mining costs, $55/tonne, Milling Costs, $25/tonne, Transportation Costs, $15/tonne, Services $30/tonne, Gold Recovery, 90%, Dilution,10%.

The Sleepy deposit is a disseminated gold-pyrite resource, 550 m long by 575 m deep, with an average width of 4.1 m.

------ ------ ------      ------ ------ ------      ------ ------ ------

 

B) Orenada Project - 100% Owned - (29 mining claims, 1 mining lease, 487.14 hectares)

 

The Orenada Project has a current resources (Q4 2009) of 446,891 oz gold Measured & Indicated (~10.2M Tonnes @ 1.35 g/T Au), and 302,469 oz gold Inferred (~7.4M Tonnes @ 1.27 g/T):

 

The Orenada 4 Pit and zone contains 353,756 ounces grading 1.48 g/t gold and another 113,025 ounces contained in the inferred category grading 1.57 grams/ton.

 

The Orenada 2 Pit and zone contains 93,134 ounces in the M&I category grading 1.02 grams/ton gold and 189,444 ounces in the inferred category grading 1.14 grams/ton gold.

 

AZX.V plans to perform an updated resource calculation using current (better) metal values, this will deliver more robust resource numbers.

 

 

Figure 6. (above) Orenada potential mine plan -- Orenada is ripe for monetization near-term: In the early 1990's Aur Resources completed a bulk sample that produced ~4,000 ounces of gold (72,195 tonnes grading 1.72 g/t Au). Orenada is a surface bulk-tonnage deposit with 24-36 month production potential with outsourced milling. The deposit also has underground potential. It lies within 15 km of 4 mills operating below capacity. Recent drilling builds values towards expanding on the existing resource deposit zones and demonstrates a much larger disseminated bulk tonnage area with high grade veins intermixed. The quality results advance Orenada closer toward monetization, possibly similar to what Alexandria achieved in its 2014 asset sale of the West Zone (part of its Akasaba project) to Agnico-Eagle.

 

The deposit has had more than 50,000 m drilled and AZX.V has realized a gold resource at ~$8/oz discovery cost. The deposit is open along strike and at depth.

 

See recent related news:

- May 7, 2015 "Alexandria Intersects More High Grade Veins at Orenada Within 101.5 m Zone Grading 0.93 g/t Gold"

 

- April 30, 2015 "Alexandria Extends Zone of High Grade Gold Veins at Orenada With 3.4 Meters Grading 17.03 g/t Gold"

------ ------ ------      ------ ------ ------      ------ ------ ------

   

C) Akasaba Project (& adjacent Valdora Project) - 100% Owned - (20 mining claims, 1 mining concession)

 

The Akasaba Project currently has a resources of:

 

248,790 oz. gold Indicated;

   Indicated open pits = 132,475 oz Gold (3,009,214 Tonnes @ 1.37 g/T)

   Indicated underground = 116,158 oz Gold (609,274 Tonnes @ 5.93 g/T))

 

   &

 

278,339 oz. gold Inferred;

   Inferred open pits = 13,653 oz Gold (219,882 Tonnes @ 1.93 g/T)

   Inferred underground = 264,886 oz Gold (1,475,622 Tonnes @ 5.58 g/T))

 

AZX.V's current Akasaba resource is delineated around a past-producing mine from the early 60’s which historically produced 40,000 oz of Gold at 5.14 g/t. After AZX.V delineated its first resource on Akasaba it turned its attention to stepping out and discovered the adjacent West Zone, which it has since sold to Agnico Eagle for $5 million plus a 2% NSR to AZX (see transaction details in related press release dated January 14, 2014 entitled "Alexandria Sells the 14 Claim West Zone Property to Agnico Eagle for $5 Million - the NSR to AZX.V can be reduced to 1% by paying Alexandria an additional $7 million and providing AEM with the right of first refusal on the sale of the remaining 1%").

 

 

Figure 7, (above) AZX.V's Akasaba, Valdora and adjacent ground

 

 

 

Figure 8. (above) Akasaba Longitudinal Section – AZX.V still maintains 100% of the main mine area (only the 14 adjacent West Zone claims were sold, that claim line begins on the dotted grey line on the left of the image above). Akasaba possesses substantial near-surface and in depth growth potential. Akasaba’s main high grade zone is open at depth, deposit is open along strike to the east.

 

 

Figure 8. (above) Akasaba -- Greenstone belts typically run deep, there are mines at 8,000 – 10,000+ feet; AZX.V's Akasaba current resource has been delineated to a depth of ~300m. AZX.V has since explored to ~600m and has recently conducted 12,277 m of drilling on Akasaba (completed in 2013 and 2014). Successful mines in the Abitibi area typically have a few years of production lined up ahead of time and just keep going for decades, adding as they go. Also typical for Abitibi deposits, the grades often increase with depth -- so too is the case at Akasaba.

 

Valdora step out (North of Akasaba) -- in 2013 and 2014 Alexandria stepped out north of Akasaba and encountered good intercepts;

  • 5.29 g/t Au over 4.00 m, including 19.20 g/t Au over 1.00 m, in hole IAX-13-245, which expands the high grade zone at 350 m depth below the Akasaba Mine, and

  • 2.81 g/t Au over 16.80 m, including 142.50 g/t Au over 0.30 m, in hole VAX-13-005, as part of Alexandria's first significant drill program on the Valdora project, located immediately north of the Akasaba project.

  • 4.11 g/t Au over 0.60 metres at VAX-13-007, 14.00 g/t Au over 0.30 metres and 11.20 g/t Au over 0.90 metres at VAX-13-008, and 3.42 g/t Au over 1.00 metres at VAX-13-009.

 ------ ------ ------      ------ ------ ------      ------ ------ ------

 

D) Ducros Project , located in the western section of the Cadillac Break Property (above Orenada) - 100% owned.

 

Alexandria highly prospective for major gold-copper discovery as it tackles the western half of its 35 km property package for multi-million ounce deposits:

 

 

Figure 9. (above) Western section of AZX.V's Cadillac Break Property - Alexandria Minerals has always based its drilling on 'success-based drilling' (if it hits well they follow-up, otherwise they move on). AZX.V is now drilling on a 7 km long gold-copper anomaly on the Ducros section of its Cadillac Break property, located a few kilometres west of where it encountered success on Akasaba and discovered the West Zone that it sold to Agnico Eagle. AZX.V has learned a lot about the geology in its drilling of Akasaba and is now testing some new ideas, taking a broader look, and applying its thoughts and interpretation on what appears a rather large geological system -- a copper-gold model possibly harboring a large bulk tonnage porphyry Cu-Ag deposit. The drill program at Ducros is based on testing historic exploration efforts dating back to the 1930s, which show evidence of Au-Cu-Mo mineralization, as this is exactly what AZX.V found at the West Zone. See related February 17, 2015 news release entitled "Alexandria Begins Drilling Copper-Gold Zone in Val d'Or". The Cadillac Trend lies within the Southern Abitibi Greenstone Belt which has seen over 170 million ounces of Gold production history -- Alexandria is in elephant country and there are geological signatures on its property that there is potential for an elephant size deposit.

 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

2) Resources on Alexandria Mineral's Wim & Hudvam properties along the Flin Flon - Snow Lake Belt, Manitoba:

 

(TWO HIGH GRADE COPPER-GOLD RESOURCE PROJECTS with BLUE-SKY POTENTIAL)

 

 

Figure 10. (above) Location map of Hudvam and Wim project within Flin Flon - Snow Lake Belt

 

 

Figure 11. (above) Location map of properties in Flin Flon - Snow Lake mining districts. There are 27 past and present mines. 3 operating mines, 2 concentrating facilities, and 1 zinc processing plant.

 

 
A) 100% owned Wim (VMS Copper-Gold) Deposit, Snow Lake, Manitoba
 - 100% Owned (2% NSR to Hudbay)

 

Figure 12. (above) Wim Deposit

 

 

Figure 13. (above) Wim Deposit

 

Location:

 

The Wim property is located in Manitoba, approximately 16 kilometres north of the town of Snow Lake where HudBay is currently developing the Lalor Lake deposit and building a new milling facility.  Hudbay also operates an older mill in Snow Lake that is currently operating at less than 25% capacity.

 

The close proximity of the Wim deposit to existing infrastructure, combined with the shallow depth of the mineralization will allow for a quick development of the project with low capital expenditure and a minimal environmental footprint.

 

Status:

  • Alexandria owns a 100% interest in the Wim Property subject to a 2% net smelter return (NSR) royalty to Hudbay Minerals.

  • Alexandria also holds a 100% interest in 11 claims covering the strike extensions of the Wim deposit. This portion of the property covers an additional 19 square kilometres and is not subject to any NSR royalty.

Resource:

 

NI 43-101 resources (2015):

 

Indicated: 147,156,000 lbs Cu, 197,000 oz gold, 22,730,000 lbs Zn (3,898,000t @ 1.71% Cu, 1.57 g/t Au, 0.26% Zn, 6.68 g/t Ag)

 

Inferred: 16,616,00 lbs Cu, 41,000 oz gold, 5,941,000 lbs Zn Inferred (732,000t @ 1.03% Cu, 1.76 g/t Au, 0.37% Zn, 4.65 g/t Ag)

 

See related May 20, 2015 news release:

 

Alexandria Increases Resources up to 64% at the WIM Copper-Gold-Zinc-Silver Project in Snow Lake, Manitoba

 

TORONTO, ONTARIO--(Marketwired - May 20, 2015) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) ("Alexandria" or the "Company") is pleased to announce an updated NI 43-101 Mineral Resource estimate at its newly acquired WIM property in Snow Lake, Manitoba. Indicated and Inferred Resources tonnages have been increased by 40% and 64% respectively over the previous estimates completed in 2008.

Highlights of the new resource estimate:

  • Indicated Resources: 40% increase in the tonnage and a 22% increase in total metal content over the 2008 resource estimate. The Indicated Resources are now 3.90 million tonnes grading 1.71 % copper, 1.57 g/t gold, 6.81 g/t silver, and 0.26% zinc. (2008 Indicated Resources: 2.8 million tonnes grading 1.94% copper, 1.88 g/t gold, 7.53 g/t silver, and 0.3% zinc). 
     
  • Inferred Resources: 64% increase in the tonnage and a 44% increase in the metal content compared to 2008 resource estimate. The Inferred Resources are now of 0.732 million tonnes grading 1.03 % copper, 1.76 g/t gold, 4.65 g/t silver, and 0.37% zinc. (2008 Inferred Resources: 0.45 million tonnes grading 1.12 % copper, 2.11 g/t gold, 5.06 g/t silver, and 0.43% zinc). 
     
  • Approximately 8% of the resources consist of near-surface, pit constrained resources, which were not considered in the 2008 estimate, and which could potentially provide near-term cash flow in any future mining plan. 
     

Eric Owens, President and CEO, stated, "This is an excellent start for our involvement in this region. These results show that Alexandria's recent investment in these assets was a great transaction for its shareholders, and we look forward to seeing further growth on these properties."

Summary of the May 19, 2015 WIM Resources
        Grade Total Metal Content
Cut-Off (CuEq %)   Tonnes   Copper (%)   Gold (g/t)   Zinc (%)   Silver (g/t) Copper (lbs) Gold (oz)   Zinc (lbs)   Silver (oz)
0.6 Pit Constrained 275,000   1.08   1.25   0.1   6.81 6,568,000 11,000   584,000   60,000
1.3 Underground 3,623,000   1.76   1.59   0.28   6.67 140,588,000 186,000   22,146,000   777,000
Total Indicated 3,898,000   1.71   1.57   0.26   6.68 147,156,000 197,000   22,730,000   837,000
0.6 Pit Constrained 63,000   0.95   1.05   0.09   6.4 1,330,000 2,000   126,000   13,000
1.3 Underground (East) 604,000   1.12   1.69   0.44   4.7 14,912,000 33,000   5,803,000   91,000
Underground (West) 64,000   0.26   3.03   0.01   2.5 374,000 6,000   12,000   5,000
Total Inferred 732,000   1.03   1.76   0.37   4.65 16,616,000 41,000   5,941,000   109,000
For Notes to Table, see section below

The WIM deposit is a volcanogenic massive sulfide deposit averaging 7.0 m true thickness, and extends from surface to approximately 700 meters below surface and 600 meters along strike. It was discovered by Hudson Bay Exploration and Development Corporation by drilling a ground EM geophysical anomaly in 1962. Murgor Resources Inc. produced the first NI 43-101 Mineral Resource Estimate in 2008. Alexandria now holds 100% of the property as a result of Alexandria acquiring Murgor Resources in March 2015.

The updated WIM Mineral Resource is based on the application of current long-term metal pricing, projected production costs, recoveries and exchange rate to open pit (Whittle) and underground stope optimization analyses. As a result, management considers these estimates to be more robust than the prior estimates.

The 2007 and 2008 diamond drill programs by Murgor was used to confirm historical diamond drill data, increase confidence in the estimate, and expand the resource, and is supported by a requisite QA/QC program of blanks, standards, and pulp and coarse duplicates.

Other than the recalculation of the Copper Equivalent, the Mineral Resource estimate methodology and block model remains unchanged from the 2008 Technical Report, and uses grade variogram analyses for the Ordinary Kriged individual estimates for Copper, Gold, Zinc and Silver in Datamine Studio.

For this estimate, a Copper Equivalent percent ("CuEq %") has been calculated, which incorporates the values and recoveries of the metals (copper, gold, zinc and silver) in the resource (see below). From this cutoff of 1.3 % CuEq and 0.6% CuEq was determined for the underground and pit constrained resources, respectively.

Estimated Costs and Copper Equivalent (CuEq %) Calculation

A 'recovered' Copper Equivalent percent (CuEq%) for the tabulation of resources was applied to the resource model using revenue factors based on the individual metal pricing ($US) and process recoveries shown below:

    Selling Price Recovery     Revenue Factor
Copper (Cu)   $ 3.00/lb. 90 %   $ 66.14 per tonne at 1% Cu
Gold (Au)   $ 1200/oz. 70 %   $ 38.58 per tonne at 1 g/t Au
Zinc (Zn)   $ 1.00/lb. 90 %   $ 22.05 per tonne at 1% Zn
Silver (Ag)   $ 15/oz. 70 %   $ 0.48 per tonne at 1 g/t Ag
The CuEq % calculation then becomes:
CuEq = Cu % * Recovery(90)/100
  + (Au g/t * Recovery(70)/100 * AU Revenue Factor(38.58) / 66.14)
  + (Zn % * Recovery(90)/100 * ZN Revenue Factor(22.05) / 66.14)
  + (Ag g/t * Recovery(70)/100 * AG Revenue Factor(0.32) / 66.14)

Anticipated production costs for both open pit and underground mining, with an exchange rate of 0.85 ($Can vs. $US), were used to calculate a CuEq % cutoff.

  Open Pit   Underground
Mining/Milling Cost $5.00   $60.00
Transportation Cost $1.50   $1.50
Processing Cost $25.00   $25.00
G&A Cost $15.00   $15.00
Total Cost ($Can) $46.50   $101.50
CuEq% Cutoff 0.60   1.30

Notes to Resource Table on Page 1

  1. Tonnes, lbs, and oz rounded to nearest thousand
  2. Mineral resources which are not mineral reserves have not demonstrated eventual economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues, although the Company is not aware of any such issues.
  3. The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them.
  4. The mineral resources were estimated using the Canadian institute of Mining, metallurgy and Petroleum (CIM), CIM Standards on mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
  5. No additional geological data has been considered or used in this estimate over that of the 2008 estimate.
  6. Resources have been estimated by Golder Associates, Mississauga, Ontario....

...click here for full copy from source

 

Metals Recovery / Metallurgical Testing:

 

Excellent Metal Recoveries.

  • Copper recoveries: 92%

  • Gold recoveries: pending Snow Lake Mill specifications

  • Producing a high-grade copper concentrate: 32.6% copper

  • Clean of any hazardous by-products in waste or concentrate

Description of the Property:

 

The property covers approximately 30 square kilometres covering a very broad halo of intensely altered rocks is observed on the property and over eight kilometres of prospective stratigraphy needs to be explored in more detail. The property is accessible year round via a drill road built in 2007, from the town of Snow Lake.

 

Mineralization:

 

The Wim deposit consists of one large ore lens of volcanogenic origin. Mineralization consists of massive to semi-massive sulphide consisting of pyrite, chalcopyrite, pyrrhotite and sub-ordinate sphalerite. To date, the mineralized zone, extends to a depth of 725 metres below surface, and over a strike length of nearly 750 metres. The lens remains largely open at depth and down-plunge (see long section). The ore lens is conformable to stratigraphy, trends to the NW at approximately 310° az. and is dipping 45°-50° towards the NE. The general plunge of the ore lens is 40° to the NW. The mineralized zone is up to 15 metres wide.

 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

B) 100% owned Hudvam (VMS Copper-Gold) Deposit, Flin Flon, Manitoba - 100% Owned (2% NSR to Hudbay)

 

 

Location:

 

The Hudvam property is located in Manitoba, approximately 47 kilometres NE of the town of Flin Flon where HudBay Minerals Inc. operates a mill and zinc plant. The Hudvam deposit is located within 9 kilometres of an all weather road linking the towns of Flin Flon and Leaf Rapids. The railway track that was used to transport concentrate from the Ruttan Mine (near Leaf Rapids) to the Flin Flon mill also passes within two kilometres of the property.

 

Status:

 

Alexandria owns a 100% interest in the Hudvam Property.  Subject to a 2% net smelter return (NSR) royalty to Hudbay Minerals.

 

Resource:

 

In August 2008, then Murgor completed a NI 43-101 compliant resource estimate on the property, which indicated an 86% increase in the gold resource and a 74% increase in the copper resource, relative to historical estimates and based on a 2% copper equivalent cut off grade.  The deposit more than doubled in size and 70% of the resource is now converted to the Indicated category, a requirement to proceed to a feasibility study.

 

The most recent 43-101 compliant resource estimate is as follows:

 

INDICATED CATEGORY

Cut-Off
Cu Equiv*

Tonnage

Grade

Contained Metal**

Cu

Zn

Au (g/t)
 

Ag (g/t)
 

Cu (lb)

Zn (lb)

Au (oz)

Ag (oz)

2.0%

854,076

1.22%

1.78%

3.82

13.84

23,008,000

33,541,000

105,000

380,000

2.5%

680,657

1.38%

1.98%

4.33

15.38

20,640,000

29,654,000

95,000

337,000

*  Copper equivalent grade based on US$1.75 per lb Copper, US$0.80 per lb Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.

INFERRED CATEGORY

Cut-Off
Cu Equiv*

Tonnage

Grade

Contained Metal**

Cu

Zn

Au (g/t)
 

Ag (g/t)
 

Cu (lb)

Zn (lb)

Au (oz)

Ag (oz)

2.0%

502,901

0.79%

1.33%

3.25

6.96

8,759,000

14,746,000

53,000

113,000

2.5%

338,557

0.85%

1.46%

3.96

7.36

6,345,000

10,898,000

43,000

80,000

*  Copper equivalent grade based on US$1.75 per lb Copper, US$0.80 per lb Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.

The total metal content of the deposit stands at 31,767,000 pounds of copper, 158,000 ounces of gold, 48,287,000 pounds of zinc, and 493,000 ounces of silver.  The resource estimation was calculated using a 2% and 2.5% copper equivalent cut off grade with metal prices at US$1.75 per pound for copper, US$0.80 per pound for zinc, US$700 per ounce for gold and US$10.00 per ounce for silver.

 

Metals Recovery / Metallurgical Testing:

 

Excellent Metal Recoveries.

  • Copper recoveries: 89%

  • Gold recoveries: 56% by flotation alone, 67% with gravity circuit

  • Zinc recoveries: 70%

  • Zinc concentrate: 48% zinc

  • Producing a high-grade copper concentrate: 30% copper and 51 g/t gold

  • Clean of any hazardous by-products in waste or concentrate

Description of the Property:

 

The property covers an area of approximately 17 square kilometres. In 1988, Mingold Resources Inc. completed a 250 metre ramp during an underground exploration program but the development was abandoned when the price of metals dropped. This development should allow the deposit to be brought to production.

 

Mineralization:

 

The deposit consists of four lenses of massive to semi massive sulphide of volcanogenic origin with Zones #1 and #3 being the most economically significant. The mineralization consists of variable quantities of pyrite, pyrrhotite, chalcopyrite and sphalerite with banded or brecciated textures. The ore lenses are up to 15 metres wide, trend NE at 060° az. and dip steeply towards the SE at 80°. The lenses plunge at 70° towards the NE. The steeply dipping lenses would be conducive to long-hole mining; an economical underground mining method.

 

The bottom part of the mineralized lens of Zone #3 appears to be faulted and remains untested below a vertical depth of 250 metres whereas the mineralization of Zone #1 is open at a depth below 520 metres.

 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

Summary of other impressive/noteworthy holdings:

click to access detailed PDF presentation on Golden Arrow

 

A) 40% interest in Golden Arrow Gold Mine Project, Timmins, Ontario -- The Golden Arrow Mine is a former producer (303,449 tons @ 0.063 oz/t (2.15 g/t) gold between 1981 and early 1983, historic metallurgical gold recoveries of 91.2%). The deposit is advanced-staged with a wide (average width is 42 m) mineralized zone at surface defined over a strike length of 1.1 km which is potentially amenable to open pit bulk mining, with a higher grade core extending at depth (max depth of 425 m to date, average grade of 0.813 to 1.296 g/t gold). The project is 60% owned by a private company, Victoria Gold Mines East Timmins Limited, which has nearly completed pre-development. Existing infrastructure on site include 170 feet deep open pit excavation, 450 foot shaft, 1,550 feet of lateral development, adjacent to paved Highway 11. There are six operating gold mills within a 70 km radius. In 1981-82, a total of 303,449 tonnes of ore was mined at a grade of 0.063 oz/t (2.15 g/t) from the Arrow open pit by Pamour-Porcupine. Mining ceased due to low gold prices dipping below $300 per ounce. There are quality mieralized zones (West & South Zone) to be brought to resource and large new discovery potential. Located five kilometres south-west of the past-producing Ross Mine which produced 995,832 oz gold between 1936 and 1989.

 

B) 100% interest in the Wydee Property in Ontario, 6 km NW from Aurico’s Young Davidson (5.5 million ounce) Gold Mine which has a 10,000TPD mill, and a 100% interest in the Matachewan Project, located 2 km east of the Young Davidson Mine. Together, the two properties lie along more than 15 km length of prospective gold-bearing geologic structures adjacent to one of Ontario’s largest gold mines. The Wydee property adds to Alexandria's existing presence in the Matachewan district. Wydee is located NW of the Young Davidson Gold Mine (5.2 million ounces of gold: Aurico Gold Inc.), and doubles the size of Alexandria's presence there, adding to Alexandria's Matachewan property, which is located adjacent to the Young Davidson Mine on the east. Together the two projects host important syenite-related gold targets, in proximity with the important Cadillac-Larder Lake Break, a very similar geologic environment to the ore host rock at the Young-Davidson mine.

 

C) 100% interest in the Gullrock Gold Project in Ontario; The Gullrock property is adjacent to Goldcorp's Campbell-Red Lake mining property, which has produced more than 14 million ounces of gold, and is currently producing gold at a rate of about 500,000 ounces of gold per year. Gullrock is located east along the favorable gold-bearing structure, the Cochenour-Campbell-Red Lake gold trend, and has numerous soil geochemical and geophysical anomalies which have yet to be drill tested.

 

D) 100% interest in the Mishibishu Gold Property in Ontario, near (East of) Hemlo Ontario. The Mishibishu property is a gold exploration property in the Wawa area of northwestern Ontario, some 80 km southeast of Hemlo, Ontario. The property lies 6 km north of the Eagle River Mine (2.9 million tonnes grading 8.84 g/t gold) and 12 km south of the Mishi open pit gold mine (1.2 million tonnes grading 4.8 g/t gold), both of Wesdome Gold Mines Ltd. The project is underlain by significant shear zone corridors favorable to gold mineralization, with notable past assay results such as 5 g/t gold over 7.4 m in a drill hole, and numerous surface samples ranging in gold from 2.6 g/t to 11.4 g/t gold.

 

E) 100% interest in the Embry and Fancamp gold exploration projects in Quebec are located in the Chibougamau mining district, adjacent to the new Monster Lake Gold Discovery. The Fancamp project is centered on the Fancamp Deformation Zone, a 20 km long shear zone that hosts 15 gold deposits and occurrences along its length. The portion of the shear zone underlying the Fancamp property has yielded high grade gold assays in drill holes and trenches, including 4.5 g/t gold over 3.0 m, 9.3 g/t gold over 8.2 m, and 5.1 g/t gold over 3.4 m. The Embry property is an early stage exploration property covering a 15 km stretch of the Kapunapotagen Fault, a crustal scale shear zone with similarities to the prolific Cadillac-Larder Lake Break in the southern Abitibi Belt.

 

F)  30% interest in the Nelligan gold project, Quebec (in JV with Metanor), adjacent to Metanor's Bachelor Lake Gold Mine.

 

G) 50% interest in the Siscoe East Copper-Silver-Gold Project (currently under option to Niogold) in Quebec.

 

H) Alexandria also owns ~1/2-million shares of Eagle Hill Exploration (EAG.V), as well as shares in Cartier Resources, Integra Gold, and Gold Royalties.

 

------ ------ ------      ------ ------ ------      ------ ------ ------


Alexandria Minerals' Technical Leadership and Management  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

Eric Owens, P. Geo.,  PhD., President, CEO, Interim VP Exploration, & Co-Founder

• 30 years experience in North America, Mexico and Central America with Newmont Mining, BHP Minerals, Phelps Dodge, and Echo Bay.
• Discovered El Zapote Silver Deposit, El Salvador and American Girl Gold Mine, California.

 

Mario A. Miranda, CA, CFO

• 15+ years mining governance.
• Previously with Kinross, Lakeshore Gold and White Pine Resources as Director Financial Reporting, VP and CFO.

 

Mary Vorvis, Vice-President of Corporate Development and Investor Relations

• Over 15 years in global and venture capital markets serving natural resources and technology industries, with 10+ years in mining exploration finance.
• Has built and maintained key strategic relationships with financial institutions, fund managers, brokerages.

 

Phi;ippe Berthelot, Vice President Exploration

• 28+ years experience in exploration, with focus in Quebec, responsible for discovery of Langlois Mine and building Desjardin Discovery Deposit, Lac Pelletier Gold Deposit, and Grevet.

 

Walter Henry, Chairman and Director

• President and CEO, Frontline Gold Corp.
• 25+ years experience in finance and mining including CIBC, BNP Paribas and Price Waterhouse Coopers.

 

John Thomas, Chair of Compensation Committee and Director

• Former VP Operations for Bolivar Gold Corporation and Infinito Gold.
• 30+ years mine planning.

 

Robert Geis, Director

• 35 years experience in NY finance industry.
• Including Managing Trader of the Dean Witter InterCapital mutual fund company which had $28 billion in AUM.
• Consultant to Presidential Gold and Economic Commissions.

 

Michael Pesner, Director

• Chartered Accountant, 26 years KPMG.
• Financings, governance and M&A specialties.
• On Boards of Richmont Mines, David’s Tea. LeChateau and Quest Rare Metals.

 

Note: This list is not intended to be a complete overview of Alexandria Minerals Corporation or a complete listing of Alexandria's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact Alexandria Mineral's head office at: Ph (416).363.9372

 

Company's web site: www.AZX.ca   SEDAR Filings: URL

 

     

Welcome to Mining MarketWatch

 

We provide insight into resource companies, many which are so often overlooked gems and can provide exceptional potential to richly reward investors.  The companies we select offer outstanding properties, management and experience in the mining/exploration industry.

O Free Newsletter/Membership

Name:

Email:

 

  

Sector NewswireTM Editorials: 

    

Analysis: 

    

Sector NewswireTM Top News Stories: 

 

[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]

 

[Most Recent Exchange Rate from www.kitco.com]

 

  [Most Recent Exchange Rate from www.kitco.com]

 

 

 

-----------------------------

Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer. This is a journalistic article and the author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather journalistic opinion only. Au equivalents are using using US$1,200/oz gold, US$3.00/lb copper, US$1/lb Zn, US$15.02/lb silver. Technical mining terms used by the writer may be used/expressed in simplified layman terms and should not be relied upon as appropriate for making investment decisions unless the reader contacts the company directly for independent verification.

 

     

-----------------------------

http://miningmarketwatch.net/ava.htm    http://miningmarketwatch.net/fnc.htm   http://miningmarketwatch.net/azx.htm   http://miningmarketwatch.net/rrs.htm  

©2003 - 2015 Mining MarketWatch - MiningMarketWatch Home Page - About Mining MarketWatch - Terms of Use, Disclosure & Disclaimer