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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 Islandcron Mar 08, 2021 10:21pm
164 Views
Post# 32749661

RE:RE:This is a planned delay?

RE:RE:This is a planned delay?Yea they pretty much have infinite time to "analyse and study the core and results" before releasing so they can delay it as much as they want to fit their timeline. I think the market is showing it doesn't believe the results are all that favorable, this is an excessive delay now for 6 relatively short holes. Add in the fact this is RC drilling and the sample is already crushed there's no reasonable reason for the lab results not to be released by now. I hope I'm completely wrong and they come out with even better numbers than #7 but if not and gold continues to slide no amount of drilling program hype (3K meter programs, yawn) is going to get this over .10 and warrants exercised. That creates the next problem with cash and how they get more, either super cheap dilution or a roll back again. 
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