DESCRIPTION: Alexis Minerals is a Canadian mining company focused on gold production and exploration in some of the world's best mining districts. It has property positions exceeding 1,050 km² in the Abitibi, Québec and Snow Lake, Manitoba. The company has the potential for annual production of 150,000 ounces of gold by the end of 2011. Its first gold mine, Lac Herbin, Val-d'Or, Québec, completed its first year in full production in late 2009.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Alexis Minerals is a small producer, with the Lac Herbin Mine in Quebec yielding 30,000–35,000 ounces a year. But in addition to being a small producer, Alexis has key plays in two other areas. Rouyn in northern Quebec is one of the largest historical gold copper camps in the world. . .now Alexis has 100% of this exciting camp. So, in terms of blue sky, Alexis is phenomenal. The other thing that Alexis did last year was acquire a company called Garson Gold Corp., which has the fabulous Snow Lake Mine in Manitoba. It's fully permitted. . .small production, expanding production and huge blue sky both in Snow Lake and Rouyn."
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Tanya Gahr, Mining & Exploration (04/27/10)
"When Alexis Minerals acquired Garson Gold in January 2010, the New Britannia Mine and mill was one of the properties that came under its umbrella. Garson had been intrigued by the strong gold showings in recent testing and determined that reactivating the mine would be economically advantageous.
When researchers at Alexis studied the data, they agreed. It was determined that the mine, renamed the Snow Lake Mine, would reopen in 2011 with expectation to mine 1,200 tons of gold ore per day and then the news got better. HudBay Minerals released the numbers from its Lalor property near Snow Lake, and the numbers were convincing: there were strong zinc and base metal showings, as well as separate gold and copper/gold zones."
Brian O'Hara, Investor's Digest (12/24/09)
"Alexis Minerals. . .in 2003, received an important head start in developing exploration projects in the Abitibi area of northern Quebec. Instead of selecting a few areas to develop, Alexis received an option to earn into almost all of the exploration projects of the former Noranda Group, which included claims of some 13 closed mines. In addition, Alexis took over all the exploration projects of Aur Resources (later taken over by Teck Resources), including buying its exploration offices and more importantly taking on much of its geological team.
The company has brought. . .the Lac Herbin Mine into production in just over five years and could have a second. . .Lac Pelletier in production in the next few months. Both projects are narrow-vein gold deposits.
Alexis Minerals, should the business combination with Garson Gold be accepted, is well positioned to make the leap from junior producer to a diversified intermediate gold producer over the next few years. Investors can get a head start on this potential increase in valuation by getting in now."
Russell Noble, Canadian Mining Journal (09/18/09)
"Alexis Minerals. . .isn't just nibbling its way into the market but has already taken a 9,706.87 HA bite with its Aurbel-Lac Herbin group of gold properties comprised of 431 claims, four mining leases and one surface lease. Other 100%-owned properties in the Val d'Or Camp cover 11,494 HA, dominant control of the Camp to the east of Val d'Or. As well, the company has a substantial land package covering 80,500 HA of the Rouyn-Noranda Mining camp in a JV with Xstrata Copper Canada. These properties give Alexis the dominant land position in the Rouyn-Val d'Or area.
In other words, Alexis Minerals is now a serious player with properties that include the now-producing Lac Herbin gold mine, two past mining operations, the Dumont and Ferderber mines where ~610,000 oz. gold was produced; a milling complex, the Aurbel (formerly Belmoral) Mill; and an advanced-stage underground project at Lac Pelletier where a bulk sample is being taken by the end of 2009. Their land package also covers the past-producing Horne, Quemont, Amulet, Gallen, Ansil, Newbec, East Waite and Old Waite mines in Rouyn- Noranda and the Manitou Barvue, Louvem and Bevcon mines in Val d'Or."
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