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Posts tagged ‘Alexandria Minerals Corporation (AZX)’

PDAC 2013—But why?

February 27th, 2013

Despite shaky markets the industry’s biggest annual event remains as popular as ever

by Greg Klein

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Back again from March 3 to 6, it’s the exploration and mining world’s greatest annual event. Everyone who’s anyone in the industry knows that and the numbers prove it: Hordes of people, zillions of booths, masses of presentations, tons of exhibits, truckloads of events, lots and lots of courses, workshops and forums and a whole bunch of other stuff. (Those who need more precise info can click here.) But why, during these lean times especially, do people return to the Prospectors & Developers Association of Canada annual convention?

D & D Securities partner Bob Rose

Bob Rose

That’s a question that troubles Bob Rose. A partner in the Toronto-based brokerage firm D & D Securities who focuses on the juniors, Rose has spent “only 53 years” in the investment business. So he’s entitled to some skepticism.

“It costs how much for a booth, it costs how much to get here, how much to put yourself up in a hotel and feed yourself?” he asks. “And half the companies listed on the Venture stock exchange have got less than $500,000 in the till and half of those people have got less than $100,000.”

Yet still they come. “You’ll see hundreds and hundreds of them in about 35 or 40 aisles with 20 on either side of each aisle like last year and the year before and the year before that—all with their hand out looking for some money to punch a hole somewhere in the world. But very few of them have the ability to feed themselves and pay for their trip to Toronto. So that’s one hell of a question: Why are you doing it?”

A lot of them won’t even be around much longer, he says. “In the next year or so a lot of those companies are going by the boards.” That hardly bodes well for PDAC 2014. But Rose has seen it all before. “Shit, I can remember walking through PDAC just after Bre-X and you couldn’t find anybody with a search warrant.” Yet somehow the sector survived.

Last year’s PDAC convention drew over 30,000 people from 125 countries to the largest event of its kind

Last year’s PDAC convention drew over 30,000 people
from 125 countries to the largest event of its kind.

So is Rose entirely cynical about the event? “It’s a good party,” he concedes. “It’s a very good networking tool. A lot of people find a lot of new shareholders there…. It’s a matter of bringing people together and shooting your idea at the rest of the world. But it’s expensive.”

That might be true for the companies, but most of PDAC 2013 is free to the public.

More openly enthusiastic is Fatih Akarsu, corporate communications rep for Pasinex Resources CNSX:PSE. “It’s the biggest conference for the mineral exploration sector with about 35,000-plus people attending. It’s the greatest way to network with people and get your company’s name out.”

But isn’t it a challenge for a relatively new (March 2012), lesser-known company like Pasinex to get noticed among so many others? “There’s always a challenge with anything in the world,” Akarsu replies. “There are other companies that are better established, but everyone starts from somewhere.”

Pasinex focuses on precious and base metals exploration in Turkey. New regulations requiring exploration licence-holders to either use them or lose them could put about 30,000 licences on the market over the next few years, he says. “So that’s a great indication for the mineral exploration sector that Turkey is pro-business. It’s the world’s 16th-largest economy. In 2011 its GDP was 8.5%, second only to China.” An event like PDAC 2013 can bring the company and the country to greater prominence, Akarsu says. “We’ll be at Zimtu Capital’s [TSXV:ZC] booth 2819.”

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Alexandria reports Quebec Results including 6.66 g/t Gold over 22.7m

September 9th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningAlexandria Minerals Corp TSXV:AZX announced results from its Sleepy Project in Val-d’Or, Quebec. Assays include 6.66 g/t gold and 1.2 g/t silver over 22.7 metres (including 89.43 g/t gold and 12.79 g/t silver over 1 metre), 1.33 g/t gold and 0.4 g/t silver over 20.5 metres (including 4.92 g/t gold over 3 metres) and 2.78 g/t gold and 1.12 g/t silver over 4 metres.

President/CEO Eric Owens remarked, “These are some of our best results ever at Sleepy. With three drill holes this year we have significantly enlarged the main Sleepy Zone at depth and have opened up new potential to be further explored. A follow-up offset hole is currently being drilled below and to the west. These results, along with our continuing drilling success at Akasaba and our strategic studies for possible production at Orenada, have demonstrated that we have one of Canada’s best gold development companies and are confident that with a growing resource base in one of Canada’s most prolific gold camps we will gain increasing interest from the gold community.”

View Company Profile

Contact:
Andreas Curkovic
Investor Relations
416.577.9927

or Mary Vorvis
Director of Business Development
416.305.4999
416.363.9372

by Greg Klein

Alexandria reports Quebec Gold Assays as high as 7.44 g/t over 8.5m

April 13th, 2011

Alexandria Minerals Corporation TSXV:AZX announced assays from its Akasaba Gold Project in Val d’Or, Quebec. Results include 23.9 g/t gold over 0.3 metres, 7.74 g/t over 8.5 metres (including 20.41 g/t over 3 metres), 7.26 g/t over 2.4 metres (including 48.15 g/t over 0.3 metres), 1.8 g/t over 4.6 metres, 6.98 g/t over 1.5 metres, 1.57 g/t over 15 metres (including 8.29 g/t over 1 metre) and 1.98 g/t over 17 metres (including 9.82 g/t over 1 metre).

President/CEO Eric Owens comments, “These results continue to progress our successful drill program at Akasaba. The broader widths we are encountering are particlarly encouraging as we further refine and enlarge the zone while we continue to search for the main zone.”

View Company Profile

Contact:
Mary Vorvis
Corporate Development
416.363.9372

or Andreas Curkovic
Investor Relations
416.577.9927

by Ted Niles

Alexandria reports Quebec Gold Assays as high as 1.38 g/t over 31.5m

February 23rd, 2011

Alexandria Minerals Corporation TSXV:AZX announced assays from its Akasaba Project in the Val d’Or, Quebec. Results include 1.46 g/t gold over 6.4 metres, 2.98 g/t gold and 1.68% copper over 1 metre, 5.58 g/t gold over 1.1 metres, 0.95 g/t gold over 10 metres, 4.57 g/t gold over 1 metre, 1.38 g/t gold over 31.5 metres (including 14.52 g/t gold over 1.5 metres), and 8.49 g/t gold over 0.5 metres.

President Eric Owens said, “These holes are successfully fulfilling our goal of delineating good grades at shallow depths. With the imminent appearance of a second drill at Akasaba we will be aggressively working to establish broader zones of mineralization and an initial resource estimate.”

View Company Profile

Contact:
Andreas Curkovic
Investor Relations
416.577.9927

or Mary Vorvis
Corporate Development
416.363.9372

by Ted Niles

Alexandria reports Quebec Gold Assays of 1.01 g/t over 47.3m

February 15th, 2011

Alexandria Minerals Corporation TSXV:AZX announced assay results from its Akasaba Project in Val d’Or, Quebec. Highlights include 1.01 g/t gold over 47.3 metres (including 4.48 g/t over 3.8 metres), 5.74 g/t over 3.4 metres (including 16.64 g/t over 1 metre), 1.69 g/t over 36.1 metres (including 7.91 g/t over 6 metres) and 1.29 g/t over 2 metres.

President Eric Owens commented, “These outstanding results strongly demonstrate the potential for shallow, bulk tonnage mineralization at Akasaba. We are still early in this programme, and with the arrival of two drill rigs shortly, we will be able to accelerate the delineation of the mineralization’s fuller dimensions.”

View Company Profile

Contact:
Andreas Curkovic
Investor Relations
416.577.9927

or Mary Vorvis
Corporate Development
416.363.9372

by Ted Niles

Alexandria reports Quebec Gold Assays up to 19.74 g/t over 2.4m

January 20th, 2011

Alexandria Minerals Corporation AZX:CA announced drill results from its Akasaba Project near Val d’Or, Quebec. Assays include 2.17 g/t over 2.5 metres (including 10.35 g/t over 0.4 metres), 0.82 g/t over 18.5 metres (including 1.15 g/t over 11 metres), 3.35 g/t over 16.1 metres (including 19.74 g/t over 2.4 metres) and 0.74 g/t over 15.4 metres (including 4.41 g/t over 1.1 metres).

President/CEO Eric Owens commented, “We are steadily expanding the size of the Akasaba zone with our continued drilling success, and are seeing both the near surface and depth potential. We look forward to the results from the 18 holes still pending.”

View Company Profile

Contact:
Andreas Curkovic
Investor Relations
416.577.9927

or Mary Vorvis
Corporate Development
416.363.9372

by Ted Niles