Orenada comprises the western third of Alexandria's Cadillac Break property in Quebec and, to date, has a near-surface resource (measured, indicated and inferred) of 560,941 ounces grading 1.01-1.36g/t Au. 

 

 

While the latest drill results are not the highest grade or most continuous intervals the company has posted at Orenada over the past 15 months, they have shown Zone 2, one of two deposits the company has recently been focusing on, has growth potential. 

 

The highlight from drilling was a 19.5m interval grading 3.79g/t Au from 18m, which including both an 8.5m length at 5.12g/t and a 10.5m intersection averaging 3.16g/t. This has extended Zone 2's mineralisation to the west of the current resource base.

 

The company also drilled a number of infill holes confirming gold mineralisation continuity for Zone 2. This included 20.7m at 1.15g/t from 207.20m and 5.9m at 6.29g/t from 296.9m. 

 

Alexandria has completed 43,500m of drilling over the past 14 months in 170 drill holes for the updated resource, with the programme enlarging the footprint of gold mineralisation to more than 2,400m in strike length. 

 

Shareholders will judge the success in April with the new resource statement, which Alexandra says is expected to contain more geological constraints and be more robust than the previous estimate.

 

Already four drill rigs have started work on the western extensions of the Orenada project as part of the 2018 exploration programme.