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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 Rakotomoon Aug 24, 2021 1:42pm
103 Views
Post# 33755367

Getting better and better... Resource estimate in December?

Getting better and better... Resource estimate in December?Now... Let's hear from Dayere next... '2021-08-24 09:26 ET - News Release Mr. Alex Klenman reports NEXUS GOLD DRILLS 12M OF 1.18 G/T AU, INCLUDING 12.7 G/T AU OVER 1M, AT THE DAKOULI 2 GOLD CONCESSION, BURKINA FASO, WEST AFRICA Nexus Gold Corp. has received additional assay results from the diamond drill program conducted at its 100-per-cent-owned, 9,800-hectare, Dakouli 2 gold project, located in Burkina Faso, West Africa. Drill hole DKL-21-DD-008 returned 12 meters of 1.18 grams-per-tonne ("g/t") gold ("Au"), within a broader intercept of 30 meters of .52 g/t Au, which also includes .86 g/t Au over 17 meters, 2.19 g/t Au over 6 meters, 6.51 g/t Au over 2 meters, and 12.7 g/t Au over 1 meter. Drill hole DKL-21-DD-009 returned 18 meters of .37 g/t Au, including 2.22 g/t Au over 2 meters. A total of 2500 meters of exploratory drilling was completed over 11 holes. This drill program was designed to confirm and further test zones of mineralization discovered during the Company's Reverse Circulation ("RC") drill program conducted at the end of 2020. Drilling has so far outlined a mineralized zone enveloping meta-volcanic/meta-sediment contact. The contact has been traced over 800 meters in an east-west orientation and remains open at depth. In addition to abundant artisanal activity, the geochemical footprint (see Company news release, June 11, 2019) on the property indicates there are potentially mineralized sub zones or corridors that parallel the main trend and that appear to also extend in a southwesterly direction. Planning is now underway for follow up drilling in an effort to establish continuity along the main trend prior to testing a series of SW oriented targets. "We are extremely encouraged with the results from this first diamond drill program," said VP of Exploration, Warren Robb. "We encountered visible gold in 7 of the 9 holes drilled testing the Dakouli East Zone and have traced this gold bearing structure for over 500 meters in strike and to vertical depths of 130 meters. This diamond drilling will go a long way in helping us unravel the structural complexities in this gold trend and to formulate a suitable follow up program to trace this mineralization," continued Mr. Robb. "The combination of higher grade intercepts dispersed among and together with lengthier, sub-one gram intervals indicate a very favorable trend developing here at Dakouli," said president and CEO, Alex Klenman. "We are going to spend some time now to track the results of both the RC and diamond drill programs in an effort to best understand the structure and controls along this east-west trend, and to generate the next set of drill targets. It's a big property with a lot of ground to cover, we're eager to keep building drill data and move towards a potential resource estimate," continued Mr. Klenman.'
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