June 28, 2010 Alexis Minerals announced the completion of its feasibility study on its Lac Pelletier property, Rouyn-Noranda, Quebec. The results confirm that the Lac Pelletier gold project with production of approximately 33,501 ounces of gold over an estimated 14-month period and cash costs are estimated to be US$747 per oz gold and total costs of approximately US$ 981 per oz gold. The capital cost is estimated at C$7.1 M, including working capital with a 61% internal rate of return projected from current Reserves and the payback period is estimated to be 12 months. Proven and Probable Reserves are estimated to be 168,000 tonnes grading 6.46 g/t gold for 34,897 ounces of gold.
May 17, 2010 Alexis Minerals Corp. announced its first quarter 2010 Financial Statements and Management’s Discussion and Analysis for the three month period ended March 31, 2010. Highlights include: reported revenue of US$5.3 million for the first quarter of 2010, compared to US$6.8 million for the first quarter of 2009 and 4,750 ounces of gold were sold, compared to 6,375 ounces during the first quarter of 2009.
May 4, 2010 Alexis Minerals reported to have confirmed resource grade continuity and good grades during the recent definition drilling campaign on its Lac Pelletier in Rouyn-Noranda, Quebec, Canada. Highlights include 25.25 g/t gold over 2.4m was found in Hole U-112 from 98.1m downhole, in Hole U-141 intersected 18.58 g/t gold over 2.1m and in Hole U-149 returned 24.77 g/t gold over 6.2m from 44.6m