Alexandria, Niogold complete Siscoe East drill program
2009-07-29 11:24 ET - News Release
See News Release (C-AZX) Alexandria Minerals Corp
Mr. Eric Owens of Alexandria reports
ALEXANDRIA'S SISCOE EAST PROPERTY UPDATE
A five-hole drill program has been completed by Niogold Mining
Corp. on Alexandria Minerals Corp.'s Siscoe East property in Val
d'Or.
The Siscoe East property comprises 96 mining claims located on the
northwest side of Val d'Or in Dubuisson township, in between and
around the past-producing Sullivan and Siscoe gold mines. The
Sullivan mine produced 1.2 million ounces of gold at an average
grade of 7.7 grams per tonne gold, from four main parallel veins,
which trend northwest onto Alexandria's property. The Siscoe mine,
Val d'Or's first and highest-grade gold mine, produced 880,000
ounces of gold at 9.2 g/t Au (gold), from northeast-trending veins
and from southeast-trending veins along a regional shear zone known
as the K zone.
Niogold has an option to earn a 50-per-cent interest on the
property, in exchange for payment to Alexandria of 650,000 shares
of Niogold treasury stock and expending $750,000 on exploration by
June 11, 2010. The five holes totalled 2,588 metres, and principal
targets were the K zone and the northwest extension of the
gold-quartz veins at the Sullivan mine. Assay results are expected
over the coming weeks.
Quelle:
www.stockwatch.com
bs