resourcestocks profile Alexandria minerals corporation

Alexandria's new approach paying off

Sometimes figuring out a deposit takes a bit of good fortune, as well as know-how. In the case of Alexandria Minerals (CN:AZX), the good fortune came about three years ago in the form of documents buried in an old filing cabinet that suggested it needed to adjust how it was approaching its Orenada deposit near Val-d’Or, Quebec.

Partners > Alexandria minerals corporation

Alexandria's new approach paying off

Sometimes figuring out a deposit takes a bit of good fortune, as well as know-how. In the case of Alexandria Minerals (CN:AZX), the good fortune came about three years ago in the form of documents buried in an old filing cabinet that suggested it needed to adjust how it was approaching its Orenada deposit near Val-d’Or, Quebec.

Alexandria's new approach paying off

Alexandria is bringing in a fourth drill rig with the goal of updating its resource before the end of the year

“We discovered some old underground maps from Orenada zone 4,” says CEO Eric Owens. To that point, Alexandria had been focusing on drilling zones 1 and 2 of the deposit. But the maps, based on results from previous owners, pointed it to an area it had to that point largely ignored.