GOLD EXPLORATION: Lac Pelletier bulk sample reaches mill

QUEBEC — The Lac Pelletier advanced gold exploration project 4 km southwest of Rouyn-Noranda has reached the stage where the bulk sample is being milled. Beginning on Dec. 4, Alexis Minerals stopped milling ore from its Lac Herbin mine and began treating material from Lac Pelletier. About 40,000 tonnes will be processed, and the company expects to recover 9,4000 oz of gold by mid-February 2010.

At the completion of the bulk sample milling, Alexis expects to make a production decision for Lac Pelletier. The deposit contains measured and indicated resources of 917,883 tonnes at 7.11 g/t that might be mined over a three-year period. Inferred resources are 391,700 tonnes at 6.52 g/t Au.

Alexis earlier announced it had modified its pre-production plans at Lac Pelletier, electing to excavate an escapeway and future ventilation raise prior to taking the bulk sample. The company says the change meets new safety standards and will allow continued production following the removal of the bulk sample.

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