Alexandria drills 0.5 m of 36.4 g/t Au at Akasaba

2010-05-06 11:50 ET - News Release

Mr. Andreas Curkovic reports

ALEXANDRIA EXTENDS NEAR-SURFACE HIGH GRADE GOLD ZONE TO THE EAST AT AKASABA, VAL D'OR, QUEBEC

Alexandria Minerals Corp. has intersected two separate high grade intervals, an upper zone assaying 36.4 grams per tonne gold over 0.5 metre and a lower zone assaying 8.47 g/t Au over 1.00 m, on its Akasaba project near Val d'Or, Que., extending near-surface high grade gold mineralization a further 200 m to the east of previously known mineralization. Assay results are still pending for four holes completed in March.

Drill hole IAX-10-75 intersected the upper high grade zone, part of a broader intercept of 3.70 g/t Au over 6.75 m at a vertical depth of 60 m, 300 m east of the mine shaft, and opens up a previously untested area. The lower high grade zone was intersected at a 95 m vertical depth, and was also part of a broader mineralized zone assaying 4.40 g/t Au over 3.50 m.

Eric Owens, President and CEO of Alexandria Minerals, said, "These impressive intercepts further demonstrate why exploring Akasaba has become our main focus. The importance of these results is that they show that the high grade zone is wide open to the east where very little previous work has been done. Based on these results we intend to begin drilling again soon."