QUEBEC - ALEXIS MINERALS and its joint venture partner NOVICOURT have intersected significant copper values 1,000 m southwest of the Louvicourt mine near Val d'Or. The intersection was within a classical footwall volcanic massive sulphide environment in two holes testing a new deep target.
The intersected stratigraphic sequence and structural setting is very similar to that at the Louvicourt mine but located on a parallel structure, at vertical depths of approximately 1,500 m. Hole 17315-01A returned 0.43% Cu over 23.4 m, 0.56% Cu over 5.2 m and 0.69% Cu over 3.7 m in a 250-m-wide alteration and stringer zone. Hole 17315-01E/F returned 0.44% Cu over 7.9 m, 0.71% Cu over 8.4 m, 1.27% Cu over 8.8 m (including 2.95% Cu over 2.9 m) and 1.14% Cu over 13.5 m (including 3.73% Cu over 3.0 m).
The joint venture program is part of an Alexis 15,000-m drill program across the central Val d'Or camp that began in November 2004. Novicourt has provided 45% joint venture funding to the Louvex program and provides valuable technical input through a service agreement between Novicourt and NorandaFalconbridge.
David Rigg, Alexis president and CEO, may be reached in Toronto at 416-861-5889.