The Orenada property is located on the western end of the Cadillac Break property package, approximately 4 km south east of the town of Val d'Or, QC. The property straddles the Cadillac Tectonic Zone (CTZ) and hosts two surface vein-type gold deposits, Orenada Zone 2 and Orenada Zone 4, within this shear zone. In the Fall of 2009, Alexandria completed a NI 43-101 compliant resource estimate on Orenada Zone 2 and 4 that identified Measured and Indicated resources of 446,000 ounces of gold and an Inferred resource of 302,000 ounces of gold.