ALX Resources Corp V.AL.P

Primary Symbol: V.AL Alternate Symbol(s): ALXEF

ALX Resources Corp. is a diversified mineral exploration company engaged in exploring a portfolio of mineral properties in Canada, which include uranium, lithium, nickel-copper-cobalt and gold projects. Its uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project, and others. It also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, Blackbird Project, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. It owns a 50% interest in eight lithium exploration properties, collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and others.

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ALX Resources Corp

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Comment by STOCKRUSon Jan 14, 2017 12:10am

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Post# 25707654

RE:Just a funny thought

That's a interesting thought maybe a bit premature would'nt it be wiser to have say 1M oz gold from drilling before doing any type of M&A activity, at the same time increasing the share value of the stock. ...

..... Nexus does have Bouboulou the old Roxgold property & Warren Robb P Geo.

Nexus Gold Identifies Three New Distinct Anomalous Gold Trends at Bouboulou Extending 5000 Meters Each

Vancouver, Canada / October 27, 2016 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS / OTC: NXXGF) is pleased to report that it has completed its compilation of historic exploration data on the Bouboulou Gold Concession, Burkina Faso, West Africa.

The compilation infills gaps in the exploration data that the Company had originally reviewed and displays three strong coincidental geochemical and geophysical anomalous gold trends. These new trends extend from the four drill-identified mineralized zones, namely Rawema, Peletanga, Bouboulou 2 and Koala.

Each of the three trends extends in length for 5000 meters (5KM). They are identified by numerous orpaillages and geochemical samples of greater than 1 gram per tonne gold.

The data used in the compilation includes airborne geophysics, rotary air blast drilling, geochemical sampling, reverse circulation drilling, diamond drilling and the location of orpaillages (zones of artisanal gold mining). The compiled data reviewed consists of over 7000 assays collected between 2011 and 2012.

From north to south the three trends are termed the PR, KB and B2. The northern most PR trend includes the Pelatanga and Rawema drill-identified mineralized zones and trends north east. This trend extends off the property onto the adjacent Bouda property and the mining operations conducted there.

The second KB trend is roughly parallel to the PR trend and extends from the Koala drill-identified mineralized zone north east below the Bouboulou 2 drill-identified mineralized zone.

The third B2 trend extends from an orpaillage located near the southern boundary of the property extending north and bisecting the KB trend and then extending through the Bouboulou 2 drill-identified mineralized zone culminating at the PR trend.

The data will be utilized in assisting the upcoming phase one drill program and determining suitable step-out drill locations for potential conformation drilling at a later date.

Bouboulou Gold Concession

The Bouboulou Gold concession is a near-surface, advanced stage gold exploration target located in a known gold belt, within a prolific and highly active area. The property has previously been drilled by Roxgold Inc, Riverstone Resources and Boliden. To date four zones of gold mineralization have been identified on the property.

Bouboulou was held by Boliden in 1997 as part of a much larger land package. Boliden completed regional Rapid Air Blast ("RAB") drilling on the property, comprising 25,400 meters. Included in this total was infill drilling which defined a northeast trending gold anomaly measuring 13 km by 2 to 6 km wide. The mineralization was described as disseminated sulphides in tuffs and dacites.

Historical Drill Results

Riverstone Resources completed several programs of regional and detailed geological mapping and sampling prior to the Roxgold work programs. Rock sampling and trenching within the Boliden anomaly returned gold grades from 1.09 to 19.16 g/t. Riverstone also completed an IP geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. The following tables represent historical drill results as reported by Roxgold.

Significant Reverse Circulation drilling results include:

Hole	azimuth	dip	depth (m)	From	To	(metres)	(g/t Au)	Zone
BBL-11-RC-003	320	-55	103	24	34	10	1.10	Pelgtanga
			Includes	30	32	2	3.66
BBL-11-RC-005	120	-55	103	60	64	4	1.97	Bouboulou 2
BBL-11-RC-006	120	-67	115	70	110	40	1.548	Bouboulou2
			includes	70	90	20	2.255
			and	100	110	10	1.422
BBL-11-RC-012	120	-50	120	100	108	8	1.21	Rawema
BBL-11-RC-013	300	-50	109	74	109	35	2.209	Rawema
			includes	74	86	12	5.455
BBL-11-RC-020	270	-55	103	40	50	10	2.844	Koala
			includes	42	44	2	12.450
BBL-11-RC-021	240	-55	130	6	8	2	3.94	Koala
BBL-11-RC-022	140	-55	133	44	48	4	1.63	Koala
BBL-11-RC-024	320	-55	193	38	44	6	1.95	Pelgtanga
BBL-11-RC-027	120	-45	120	90	114	24	1.36	Bouboulou2
BBL-11-RC-042	320	-55	114	52	54	2	3.80	Pelgtanga

* The above reported data are drill intercept lengths are not true widths

Significant Diamond drilling results include:

Hole	azimuth	dip	depth (m)	From	To	(metres)	(g/t Au)	Zone
BBL-11-DD-002	315	-45	127	42	44	2	5.43	Rawema
BBL-11-DD-003	135	-45	142	56	58	2	5.33	Bouboulou2
				78	82	4	12.53
BBL-11-DD-005	300	-50	179	74	80	6	4.62	Rawema
			Includes	77.7	78	0.3	81.32
BBL-11-DD-008	320	-45	198	125	127	2	2.55	Koala