Subsequent to the resource update, Alexandria announced step out drill results from the West Zone (See Press Release, April 9, 2013), including 81.65 m grading 0.53 g/t Au + 0.30% Cu (1.04 g/t Au Eq ) in DDH IAX-13-232 and 41.00 m grading 0.22 g/t Au and 0.16% Cu (0.50 g/t Au Eq ) in DDH IAX-13-234, located 50 m down-plunge from and 100 m west of, respectively, the resource. Both holes show that the gold-copper zone continues below and to the west of the resource.
Of the holes reported here, assay results from IAX-12-218, 219 and 235 were not included in the resource update and represent significant results from step-out targets. Highlights include the following (see Table 1 at end of this release for greater detail):
IAX-12-218 136.70 m grading 0.17 g/t Au and 0.15% Cu (0.43 g/t Au Eq), including 10.50 m grading 0.30 g/t Au and 0.48% Cu (1.13 g/t Au Eq), at a vertical depth of 250 m, located 100 m east of the West Zone resource;IAX-12-219 178.50 m grading 0.27 g/t Au and 0.25 g/t Cu (0.70 g/t Au Eq), including 156.00 m grading 0.29 g/t Au and 0.27% Cu (0.76 g/t Au Eq) at a vertical depth of 420 m, 100 m below the resourceIAX-13-235 87.40 m grading 0.15 g/t Au and 0.13% Cu (0.37 g/t Au Eq) and, separately, 29.30 m grading 0.17 g/t Au and 0.16% Cu (0.44 g/t Au Eq) at a vertical depth of 320 m, 100 m west and 100 m below the resource.
Together, these three drill holes extend the West Zone to the east and west at depths below 250 m.
The following previously unreleased gold-copper intersections in drill holes from the West Zone, drilled prior to the resource update, indicate that the shallow, disseminated gold-copper mineralization is much wider than reported in the resource update:
IAX-12-202 203.70 m grading 0.28 g/t Au and 0.17% Cu (0.58 g/t Au Eq)IAX-12-204 67.20 m grading 0.32 g/t Au and 0.13% Cu (0.56 g/t Au Eq)IAX-12-211 94.00 m grading 0.27 g/t Au and 0.21% Cu (0.64 g/t Au Eq)IAX-12-212 102.90 m grading 0.27 g/t Au and 0.18% Cu (0.59 g/t Au Eq)IAX-12-214 94.00 m grading 0.48 g/t Au and 0.36% Cu (1.11 g/t Au Eq)IAX-12-215 116.50 m grading 0.43 g/t Au and 0.24% Cu (0.85 g/t Au Eq)
In addition, two holes, DDH IAX-12-205 and 206, were drilled 100 m and 200 m east of the presumed eastern edge of the West Zone, and the latter, in particular, established that grades and widths above potential open pit cutoff exist to the east, in between the west Zone and the Akasaba Mine area. Furthermore, review of copper contents from drill holes along the main Mine Horizon have also established that open pit widths and grades extend beyond current open pit resources.
The Company is currently in progress with the compilation of more than 70 years of historic data on the broader Cadillac Break group of properties. As a result of this ongoing process the company has delineated a number of drill targets on the property package over and above the high priority area around Akasaba, and expects to delineate more as this process nears its completion.
Program design, management, and Quality Control/Quality Assurance are governed by Alexandria's exploration group of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company's Qualified Persons. Mr. Legein and Mr. Owens reviewed the results in this press release. All exploration work on the property is conducted under the direct supervision of Emilie Batailler P.Geo. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101 reports found on the Company's website or on www.sedar.com.