Quebec Snapshot: Nine juniors with active exploration and development projects – by John Cumming (Northern Miner – September 27, 2017)

Global mining news

Quebec has proven to be a hotbed for junior mining company activity and perennially one of the industry’s favourite jurisdictions in which to operate. Gold remains the target of interest, but the province’s rich mineral endowment means juniors are also on the hunt for silver, platinum group metals, copper, lead-zinc, nickel, iron ore, rare earth elements, graphite and lithium.

ALEXANDRIA MINERALS

Toronto-based, Eric Owens-led junior Alexandria Minerals (TSXV: AZX) is in the midst of a 30,000-metre, mid-year drill campaign at its Orenada gold property, situated on the Cadillac Break geological structure, immediately southeast of the city of Val-d’Or, Quebec.

Alexandria’s near-term goal is to expand the deposit to the east and west — especially the deposit’s Zone 1 — with an eye to completing a resource estimate before year-end. As of 2009, Orenada had a near-surface resource of 4.3 million measured tonnes grading 1.36 grams gold per tonne (189,000 contained oz. gold), 6 million indicated tonnes of 1.01 grams gold and 4.7 million inferred tonnes.

With three rigs operating, the company had already completed 21,000 metres of drilling as of mid-September.

Alexandria says initial results from recent drilling already show gold zones being intersected over 1.1 km along strike at Zone 4, with widths up to 75 metres across strike, and to a 300-metre depth, with the deposit remaining open along strike and at depth.

Alexandria has some heavy hitters amongst its shareholders, including Sprott (8.5%), Agnico Eagle Mines (8%), Teck Resources (2%) and Iamgold (2%).

GALWAY METALS

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