Alexandria Bumps Indicated, Inferred Resource Tonnages at WIM Project

Alexandria Minerals Corp. (TSXV:AZX,OTC Pink:ALXDF) released an updated NI 43-101 mineral resource estimate for its Manitoba-based WIM project, noting that indicated and inferred resource tonnages have increased by 40 and 64 percent, respectively, over the 2008 estimate.

Further highlights include:

►Indicated Resources: 40% increase in the tonnage and a 22% increase in total metal content over the 2008 resource estimate. The Indicated Resources are now 3.90 million tonnes grading 1.71 % copper, 1.57 g/t gold, 6.81 g/t silver, and 0.26% zinc. (2008 Indicated Resources: 2.8 million tonnes grading 1.94% copper, 1.88 g/t gold, 7.53 g/t silver, and 0.3% zinc).

►Inferred Resources:64% increase in the tonnage and a 44% increase in the metal content compared to 2008 resource estimate. The Inferred Resources are now of 0.732 million tonnes grading 1.03 % copper, 1.76 g/t gold, 4.65 g/t silver, and 0.37% zinc. (2008 Inferred Resources: 0.45 million tonnes grading 1.12 % copper, 2.11 g/t gold, 5.06 g/t silver, and 0.43% zinc).

►Approximately 8% of the resources consist of near-surface, pit constrained resources, which were not considered in the 2008 estimate, and which could potentially provide near-term cash flow in any future mining plan.

Eric Owens, president and CEO of Alexandria, commented:

This is an excellent start for our involvement in this region. These results show that Alexandria’s recent investment in these assets was a great transaction for its shareholders, and we look forward to seeing further growth on these properties.

Click here to read the full Alexandria Minerals Corp. (TSXV:AZX,OTC Pink:ALXDF) press release.

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with important gold resources on one of the largest properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec, and a significant presence in the Snow Lake-Flin Flon gold-base metal mining district of Manitoba. The Company’s properties have potential for large mineral discoveries and, located as they are in established mining districts, have potential for near-term production.