QUEBEC – ALEXIS MINERALS of Toronto has been doing a lot of drilling, and the hard work is paying off. At its Wolverine zone, one of several near-surface zones of interest near Val d’Or, the best hole returned 4.26% Zn, 0.27% Cu, 196 g/t Ag, 1.49 g/t Au and 0.26% Pb over 4.5 metres (from 32.2 to 87.7 metres).
Three 50-metre holes were drilled in the Wolverine zone to test sulphide mineralization that ranges from 10 to 50 metres wide. The sulphide mineralization is characterized by 1-30% pyrite, 1-10% sphalerite and less than 2% galena; it occurs as stringers and disseminations in sheared sericitized and chloritized, felsic, volcanic-volcaniclastic rocks. The zone is located 6 km west of the former Louvicourt mine. Alexis believes that mineralization at depth in the Wolverine zone trends towards the depth extension of copper mineralization at the Quebec-Manitou deposit, located 400 metres north.
Elsewhere near Val d’Or, the company is bringing its Lac Herbin gold deposit into production this year. Alexis advised that it has recently intersected grades as high as 90.77 g/t Au (2.85 opt) over 1.7 metres. Ore from that deposit will be treated at the old Aurbel mill, which Alexis bought.
Additional information is available at www.AlexisMinerals.com.