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Sector NewswireTM Sector: Mining - Metals and Minerals :
News Release - April 17, 2014 5:40 PM ET
Secutor Capital Management Issues Break-Out Alert on Alexandria Minerals -- AZX.V Gains Traction as it Monetizes and Advances Gold Assets Along the Cadillac Trend
NEW YORK, NY, April 17, 2014 /Sector Newswire/ - This week, Alexandria Minerals Corporation (TSX-V: AZX) (US Listing: ALXDF) (Frankfurt: A9D) was identified in a newly issued 'Break-Out Advisory' by Secutor Capital Management with upside near-term target. AZX.V also received a noteworthy endorsement from mining analyst Jay Taylor of Hard Money Advisors Inc, and AZX.V itself has released news of significance over the last couple weeks regarding achievements as it advances one of the largest properties along the Cadillac Trend in the prolific Val d'Or, Quebec, gold mining district.
Regional developments bode well for AZX.V as it continues to monetize and advance gold assets:
Agnico Eagle Mines Ltd. teaming up with Yamana Gold Inc. to acquire 100% of nearby Osisko Mining Corp. signifies AEM’s commitment to the Cadillac Trend region and bodes well for Alexandria Minerals. Some refer to AZX.V as the 'unofficial exploration arm of Agnico Eagle' in the region, as AEM is highly supportive of AZX.V's efforts and holds a 9% equity stake in AZX.V, additionally AEM's success in the region is reliant upon new gold for its mills -- which AZX.V is highly skilled at discovering. The Secutor Capital advisory follows on the the heals of news of Alexandria Minerals announcing a strong financial position in its 3rd quarter financial reports, with net income of $2,048,414 during the 3rd Quarter ending January 31, 2014, and current working capital of $5.5 million. These financial results are principally due to the sale during the 3rd quarter to Agnico Eagle of the 14 claim West Zone Gold-Copper property, a discovery by Alexandria geologists in 2012 at a cost of just $0.69/ounce of gold discovered.
Also last week, Alexandria Minerals issued drill assay results (see related release entitled "Alexandria Drills Sleepy with 2 Rigs, First Hole Intersects 19.65 g/t Gold Over 0.40 m") regarding its efforts to expand its Sleepy Gold Deposit and ready it for an updated resource calculation later this year (street whisper numbers peg the upcoming revised resource calculation on Sleepy to potentially reveal 400,000 to 500,000 ounces considering the considerable amount of drilling conducted since the last resource) -- the Sleepy project has a current Inferred Resource (Q3 2009) of 150,400 oz gold underground (1,557,000t @ 3.0 g/t Au) and it lies within 15 km of 4 mills operating below capacity. This week AZX.V also provided an exploration update regarding plans to test anomalies on its Akasaba Gold Project which currently has a NI 43-101 resources (Q1 2013): 248,790 oz. gold Indicated (made up of Indicated open pits = 132,475 oz gold (3,009,214 Tonnes @ 1.37 g/T) + Indicated underground = 116,158 oz gold (609,274 Tonnes @ 5.93 g/T)) and 278,600 oz. gold Inferred; (made up of Inferred open pits = 13,653 oz gold (219,882 Tonnes @ 1.93 g/T) + Inferred underground = 264,886 oz gold (1,475,622 Tonnes @ 5.58 g/T)). The current resource has been delineated around a past-producing mine, active in early 60’s (it historically produced 40,000 oz. of Gold at 5.14 g/t). AZX.V has recently conducted 12,277 m of drilling (completed in 2013 and 2014) on Akasaba. Akasaba possesses substantial near-surface and in depth growth potential. Akasaba’s main high grade zone is open at depth, deposit is open along strike to the east. Greenstone belts typically run deep, there are mines at 8,000 – 10,000+ feet, AZX.V has only explored Akasaba to ~600m. Successful mines in the Abitibi area typically have a few years of production lined up ahead of time and just keep going for decades, adding as they go.
AZX.V, with 178,108,297 shares outstanding (203,746,234 fully diluted) appears to present an exceptional risk-reward scenario; trading with a market cap near $15M. AZX.V is positioned for potential extraordinary share price appreciation over the coming months and years as the reality of the large inherent value that the Company possesses is understood by the market and as it executes on its plan, continues to find new gold, and monetize existing gold assets. AZX.V is focused on exploring, developing, and monetizing its Cadillac Break group of precious metal properties which contiguously stretch 35 km along the prolific Cadillac Trend in Quebec. The Cadillac Trend lies within the Southern Abitibi Greenstone Belt which has seen over 170 million ounces of Gold production history. AZX.V currently has global resources totaling 1,426,932 ounces gold (695,524 ounces Measured & Indicated and 731,408 ounces Inferred) on three 100% owned projects proximal to infrastructure-rich Val d'Or where 4 gold mills with excess capacity are within 15 km. The Company has ~$5 million in the bank plus a royalty on horizon from a recent asset sale, it is uniquely positioned along the Cadillac Trend with quality gold deposits, and has the intention to discover significantly more gold.
Secutor Capital Management Corporation Break-Out Alert
Excerpt:
Mining expert Jay Taylor of Hard Money Advisors recommends AZX.V to clientele and identifies it as his favorite
This last week, Jay Taylor was asked what his favorite gold junior was in Quebec in an interview with The Gold Report and replied 'Alexandria Mineral's'.
Excerpt:
Mr. Taylor has a business MBA in Finance & Investment, in-depth accredited studies in geology, has decades of mining sector analysis under his belt, and is known for being reserved in his advice, thus investors should pay attention when he does decide a company is poised to appreciate in value and worth adding to watch list for superior return potential; AZX.V is now in that category. Here are excerpts from Jay's Advisory to clientele a couple weeks ago "In the search for value, I would be hard pressed to find many if any Canadian junior mining companies that offer more for less than those that can be had by purchasing shares of Alexandria at their current price." ... "I think the chances are very high that within the next six months to two years investors will be lamenting their lack of interest in Alexandria during the early days of 2014. Could we see $0.40 for this stock, ... You bet! Could we see a $4.00 stock...." ...click here for full copy from source.
Sector Newswire has identified the following related research links on Alexandria:
- Mining Expert Jay Taylor's recommendation to clientele to establish long position in AZX: http://sectornewswire.com/AZXJayTaylor-2014-03-28.pdf
- Alexandria
Minerals Corporation corporate website:
www.AZX.ca
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).
SOURCE: Sector Newswire editorial
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