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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

Comment by Hevdraon Aug 23, 2020 7:57pm
219 Views
Post# 31444049

RE:RE:RE:Follow up program at McKenzie

RE:RE:RE:Follow up program at McKenzieHe confirmed this by email as well. From Alex Klenman:

"Our market does have a lot of traders.  I am confident however that the path we’re on is the right one, and ultimately will provide a way for our share price to gain without so much apparent effort. 
 
First of all, we have our Red Lake project.  Today’s results were a great start to our first drill program there.   Those first holes confirmed historical work by others, and indeed, surpassed the best results from the previous operator.  We still haver over 1200 meters of core coming back from the lab, so we’re eager to see what we have so far.  We are ultimately searching for a feeder system, something that may be a source for the veins we’re seeing near surface.  These veins are giving us good grades, but in narrow intercepts.  The almost 3 meters of 13.25 grams is a good sign.  We are hopeful we’ll get some longer intercepts, and this may help us find a bigger mineralized footprint.  We’re only a few holes in, lots more to come.
 
We will drill more on the southern section again, but we also want to drill the island portion of the project.  Keep in mind several bonanza grade samples (up to 331 grams per tonne) have been found there.  We’d very much like to see what the island section holds.  We will be there in a few months to drill it.
 
We also have a drill program coming up at the Dakouli project in West Africa.   We are hoping to drill in October and/or November.  There is already a large mineralized footprint there and we have been able to establish some excellent grades in the samples taken.  Nobody has drilled Dakouli yet, so we are hopeful we can bring a discovery to the market later this year. 
 
The plan to be very active with drilling will get us where we need to be, and will unlock and create value.  We feel this is how we will grow our market cap, which I should mention is showing better these days.  There is much more to come.
 
I do appreciate your support and do know we’re working hard to get that break out you mention.

..."
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