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ALX Resources Corp 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 amxjavelinon May 12, 2021 9:50am
134 Views
Post# 33181771

RE:ALX Exploration update

RE:ALX Exploration update

Heres the clip I like the most from th NR:


Alligator Lake Gold Project, Saskatchewan ("Alligator Lake")

Alligator Lake is located approximately 165 kilometres (103 miles) northeast of La Ronge, Saskatchewan. ALX's inaugural 2021 drilling successfully intersected the targeted Broken Hammer Shear Zone, which is known to be prospective for high-grade gold mineralization.

Two of the six drill holes encountered visible gold (see ALX news release dated March 25, 2021).

ALX awaits the receipt of all geochemical analyses performed on core samples collected in the program, including fire assays for gold mineralization and metallic gold assays where coarse or visible gold is present in some sections of the drill holes.

The receipt of drill results is taking longer than expected due to high processing volumes and pandemic-related delays at the laboratory. Results of the 2021 drilling program will be released as soon as possible following their receipt, compilation and interpretation.

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