Eric Owens, President & CEO of Alexandria Minerals, explains the benefits of the company’s gold project in Quebec.
We have one of the largest property packages in one of the best known mining districts in the world and that’s Val-d’Or, Quebec. Our focus is gold. We have a broad diverse geographic gold distribution of a number of projects including some really nice project in the Flin Flon district of Manitoba. We’re also present in other mining districts in Eastern Canada including Red Lake and our real focus is Val-d’Or, Quebec.
We’re we’ll financed with $7.5 million in cash, in short term assets. We additionally have partners spending close to $17 million on our non-core property assets in other areas. We have a lot of long term shareholder support, who are very excited about where we’re focused right now in our western property package in Val-d’Or and what we’re doing and what our drilling results have been to date.
On our large property package, we have three projects with combined resources of totaling about 1.5 million ounces of gold. And secondly, we have another million ounces of resources in our Manitoba properties. We look forward to the growth in resource, in the resource picture, as well as potential new discoveries on our triangle two program.
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