18th Nov 2005 09:48
Alexander Mining PLC18 November 2005 Alexander Mining plc 18 November 2005 Sulcha Project, Peru Progress Report Alexander Mining plc ("Alexander", "the Company"), the AIM-listed copper, goldand silver mining company with projects in Argentina and Peru, is pleased toannounce progress on its Sulcha gold/silver project in Otuzco Province, northernPeru. Topographical survey work and rock chip surface sampling has been carried out onthe widespread quartz veining and associated hydrothermal alteration present onthe initial Sulcha block property. All the rock chip sample assay resultsreported gold and silver mineralisation. Significantly, gold grades of >3.0grammes per tonne (g/t) were recorded in six different locations over theproperty and covering all outcrops. In addition, four samples assayed over1,000g/t (32oz/t) silver. The Company is highly encouraged by these results and is progressing Sulchatowards the commencement of a drilling programme in the first quarter of 2006. Most of the gold occurrences in northern Peru lie within a 290km belt located inthe western Cordillera of the Peruvian Andes. Within the belt, the Chicama andChimu Formations host a number of world class deposits, including Barrick Gold'sAlto Chicama Mine (9Moz gold in reserves), some 50km to the northeast of Sulcha.Alexander has recently added to its 300 hectare (ha) Sulcha block propertyarea, with the granting of an additional and adjacent 400ha of explorationclaims. Matt Sutcliffe, Chairman and Chief Executive Officer, said that: "the resultsfrom Sulcha were most satisfactory at this stage of the exploration programmeand the Company looks forward to the commencement of drilling." For further information please contact: Matt Sutcliffe, Chairman and Chief Executive Officer Alexander Mining plc 1st Floor 35 Piccadilly London W1J 0DW Tel: +44 (0) 20 7292 1300 Fax: +44 (0) 20 7292 1313 Mobile: +44 (0) 7887 930 758 Email: [email protected] Website: www.alexandermining.com Nominated Advisor and Broker Evolution Securities Limited 100 Wood Street London EC2V 7AN Tel: +44 (0) 20 7071 4300 Public/Media Relations Gary Middleton St Swithins Public Relations Tel: +44 (0) 20 7929 4391 Mobile : +44 (0) 7951 603 289 Notes for editors Alexander Mining plc is a mining company that intends rapidly to grow into a lowcost and highly profitable diversified metal producer. The company has a highlyskilled management team with expertise in both natural resources and finance. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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