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Newsfile Corp Vancouver, British Columbia--(Newsfile Corp. - February 9, 2022) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to update its shareholders on the status of its mineral exploration programs, both planned and underway, in Saskatchewan and Ontario, Canada. Alligator Lake, SK The Alligator Lake Gold Project ("Alligator") is located approximately 165 kilometres (103 miles) northeast of La Ronge, SK, Canada. The Project consists of five claims totaling 2,973 hectares (7,347 acres) and is prospective for high-grade gold mineralization. ALX commenced the 2022 exploration in mid-January 2022, projected to consist of 8 drill holes totaling approximately 1,000 metres. To date, three diamond drill holes have been completed for a total of approximately 530 metres, with a fourth hole underway. Visible gold was observed in hole AL22-01, the first hole of the program, at a depth of 99.48 metres in a series of fine fractures associated with mafic minerals (see photo below). 
Visible gold mineralization in hole AL22-01 at 99.48 metres
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https://orders.newsfilecorp.com/files/3046/113224_img1.jpg Gold deposition along these types of mafic fractures deposited in quartz are sometimes described as "septa". Gold associated with mafic fractures or septa have been observed in other regions in Canada prospective for gold, such as the Hope Bay Greenstone Belt. ALX projects that at least five holes could be completed within the time allotted for the 2022 drilling program, which has been hampered by abnormally heavy snowfall and extreme cold weather. Logging and sampling of the drill core is in progress and samples from the first two holes have been shipped to SRC Analytical Laboratories in Saskatoon, SK. In addition to the drilling, an induced polarization/resistivity survey is underway spanning the Broken Hammer and Radiant Shear Zones, each of which are known to host high-grade gold mineralization. To view maps and photos of Alligatorclick here Gibbons Creek, SK The Gibbons Creek Uranium Project ("Gibbons Creek") consists of seven mineral claims encompassing 13,864 hectares (34,259 acres) located along the northern margin of the Athabasca Basin. Gibbons Creek is adjacent to the community of Stony Rapids, Saskatchewan, in a region hosting multiple uranium occurrences. ALX received an exploration permit for Gibbons Creek in June 2021, good until October 2022, that allows for up to 20 diamond drill holes totaling approximately 5,000 metres along with ground-based geophysics, prospecting and geochemical sampling. Access to Gibbons Creek is via roads and trails that lead from the community of Stony Rapids and therefore is accessible year-round, thereby creating flexibility for either summer or winter exploration programs. ALX has recently defined uranium drill targets along a previously untested geophysical conductor first detected by a 2005 MegaTem airborne survey and confirmed by ALX's 2017 ZTEM airborne survey. A follow-up leading-edge Spatiotemporal Geochemical Hydrocarbon ("SGH") soil survey carried out by ALX in October 2021 outlined two areas interpreted as prospective for uranium mineralization that are targeted for drilling in the winter of 2022. 
2021 SGH Survey Results with Zinger Conductor Axis and Interpreted Fault Structure To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3046/113224_42e89e63c43d3b3f_002full.jpg In early 2022, ALX successfully engaged with First Nations and other local communities regarding the nature and timing of the winter 2022 work and the Company is prepared to mobilize drilling equipment and personnel after the estimated completion of the Alligator Lake drilling program in mid-February 2022. Scouting and flagging of the winter drill trails to the Zinger target area is underway, and ALX projects that a diamond drilling program of up to 2,000 metres in five holes will begin later in February 2022. To view maps and photos of Gibbons Creekclick here |