10/22/2014 - 9:49 AM EST - Alexandria Minerals Corporation : announced an updated resource estimate at its 100%-owned Sleepy property in Louvicourt Township, Val d'Or, Quebec. The new Resource Estimate calculates Inferred Resources totaling 307,350 ounces of gold (uncapped), at a 3 g/t cutoff, which is double the number of ounces from the first Resource Estimate released in 2009 For the uncapped resources, the following highlights are: 60% increase of the average resource grade, to 5.1 g/t Au (from 3.0 g/t Au in 2009), with a concomitant increase in cut-off grade, to 3.0 g/t Au (from 2.0 g/t Au in 2009). Gold ounces increase by greater than 100% to 307,350 ounces, from 152,000 ounces previously, with an average width of 4.1 m, and widths up to 15.2 m. Alexandria Minerals Corporation
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