Zimbabwe exploration report completed
Alexander News International Inc AWS
Shares issued Nov 12 close $0.30
Thu 13 Nov 97 News Release
Mr Donald O'Sullivan reports
Watts, Griffis & McOuat of Toronto has completed a report consistent with
the guidelines of the Canadian National Policy Statement 2-A. The object of
the statement was to give an independent review of the property and to
define exploration targets.
The property is on the Harare-Shamva greenstone belt in the Bindura region
of Zimbabwe, 70km north of the nation's capital Harare. The property is
owned by Alexander Resources International, a private company in Zimbabwe
and a wholly owned subsidiary of Alexander Resources International Inc.
Alexander owns three exclusive prospecting orders, EPO 946, EPO 1016, and
EPO 111/95 covering 34,202 hectares (84,515 acres) with several areas of
gold mineralization present. Historical production of the Harare-Shamva
greenstone belt is approximately 190 tonnes of gold.
Two significant areas of gold mineralization, the Foots 22 and Denham
claims have returned values up to 99 g Au/t and 25 g Au/t respectively
through sampling of the quartz veins. Watts, Griffis & McOuat has defined
several other exploration targets such as the Glendale stock, the past
producing Bulldog mine, Ruth mine, Colossus mine and the Old Hat mine.
The Foot 22 claim cover an intrusive stock in the vicinity of the Old
Sunshine mineshaft containing several parallel quartz veins that are
exposed with a width of 10 metres and a length of 50 metres. Sampling by
the Zimbabwe Geological Survey in 1995 returned values ranging from 0.15 g
Au/t to 99 g Au/t from the quartz veins and 0.39 g Au/t to .57 g Au/t from
the wall rock. Watts, Griffis & McOuat performed chip sampling of the
quartz veins returning grades ranging from 30 parts per billion to 43.7 g
Au/t. With lower grades being returned Watts, Griffis & McOuat believes
that this may indicate fast leaching of gold from the vein system.
The Denham claims are 4km east of the Foot 22 claims. Ten trenches have
been dug covering 300 metres of strike. Sampling of these trenches by the
Zimbabwe Department of Mines has returned assays up to 32.6 g Au/t. Watts,
Griffis & McOuat took check assays, which were consistent with the
Department of Mines' results.
The Bulldog mine in the southeastern area of the property has not been
worked since 1933 but produced during that period approximately 20 tonnes
of material with an average grade of 14 g Au/t resulting in total
production of 0.28 kilograms of gold. This mine using today's modern
technology has great potential for an open pit mining operation.
Watts, Griffis & McOuat have outlined an exploration program. Some of the
highlights are:
All EPOs: Airborne magnetics 100km line spacing;
Foot 22 claims: Diamond drilling 18 holes at 200m per hole;
Denham claims: Reverse circulation drilling 5 holes at 150m per hole;
Bulldog mine: Diamond drilling 9 holes at 200m per hole;
Glendale Stock West: Reverse circulation 5 holes at 150m per hole;
Glendale Stock East: Reverse circulation 5 holes at 150m per hole.
Additional areas of the property require trenching, sampling and
geochemistry. WGM believes that the combination of the geology,
mineralization and airborne geophysics indicate that the property has
potential for hosting a substantial gold deposit.
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