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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.


TSXV:AL - Post by User

Post by brianwells1on Aug 18, 2020 7:59am
162 Views
Post# 31421598

Looking for 30-40c in the next month - DR IS GREAT

Looking for 30-40c in the next month - DR IS GREAT

Drill holes MK-2020-005 and 006 were drilled from the same location and successfully intersected the same blue grey vein in both holes, the vein was intersected at 44 meters in hole MK 2020-005 and at 69.5 meters in hole 006.  Based on these findings the company decided to expand its drill program from 1000 meters to 2000 meters and continued drilling.  Results from the remaining seven holes (MK-2020-007 to 013), approximately 1,200 meters, are currently pending and expected later this month.

“We’re pleased with the progression of the results received from the first few holes,” said president and CEO, Alex Klenman.  “These initial holes produced similar results to historical drilling in the same area, i.e. narrow intercepts of 1 to 7 g/t goldover various lengths between 1 and 4 meters.  Holes 5 and 6 began showing greater concentrations of these types of intercepts, culminating with the best result of 13 grams over almost 3 meters.  Results were getting more interesting the further we got into the drill program, so naturally we’re eager to see what the next batch of assays reveal and to see if we can both extend intercept lengths, and continue to see additional significant mineralization,” continued Mr. Klenman.

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