Alexis hitting high grade at Lac Herbin

Assays are back from a 7,900-metre drill program that will expand the gold resource at Alexis Minerals‘ (AMC-V) Lac Herbin property about 10 km east of Val d’Or, Que.

A new zone (zone 2), parallel to the main zone, is highlighted by a 3.6-metre intercept that graded 63.6 grams gold per tonne. Another hole hit 2.8 metres grading 20.8 grams gold. Other intercepts graded from 3.9-18.9 grams gold per tonne over 1.4-4.7 metres.

True width is estimated to be 80-100% of the downhole widths.

Zone 2 is 150 metres southwest of the Lac Herbin zone that made up most of the estimated inferred resource of 670,000 tonnes at 6.4 grams gold per tonne calculated earlier this year. To date zone 2 has been tested over a 160-metre strike and a similar length of dip. It is centred at a vertical depth of 250 metres.

Fourteen holes were drilled in the area of the new zone. Higher grade gold is found along, or near, the intersection of shear zones.

A shear zone further to the south returned significant gold values including one hole that hit 4.4 grams gold over 6.6 metres. This intersection included 2.6 metres grading 9.89 grams gold per tonne. Thirty metres lower in the hole a 1.5 metre intercept graded 11.25 grams gold.

Gold has also been intersected in tensional veins that crosscut the shears. These were identified in several holes, three of which returned grades of 13-92 grams gold over widths of 0.5-0.8 metre.

Eight holes were drilled to test the eastern and western extensions of the Lac Herbin shear zone. One km to the east the structure was intersected; the best intercept was 0.8-metre-wide grading 4.5 grams gold per tonne. Widely-spaced holes to the west cut the structure but did not hit significant gold.

The Lac Herbin area is within 2 km of the 1,400 ton per day Aurbel mill. The mill is under care and maintenance; Alexis has an option to buy it.

Alexis has an option to earn up to 100% of the Lac Herbin property from Aur Resources (AUR-T). This is just one of many properties that it is working on in the Abitibi.