お知らせ • Aug 26
ALX Resources Corp. Announces Results of Diamond Drilling Program Carried Out in the Winter and Early Spring of 2022 at the Gibbons Creek Uranium Project
ALX Resources Corp. (‘ALX’ or the ‘Company’) announced the results of a diamond drilling program carried out in the winter and early spring of 2022 at the Gibbons Creek Uranium Project (‘Gibbons Creek’, or the ‘Project’) located in the northern Athabasca Basin near the town of Stony Rapids, Saskatchewan. Three drill holes were completed. for a total of 1,240.3 metres, on two previously untested conductive trends. A total of 262 samples were submitted to the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, Saskatchewan (‘SRC’). Chip samples were submitted to Rekasa Rocks Inc. of Saskatoon, Saskatchewan for portable Short Wave Infra-Red (‘SWIR’) spectral analysis to determine clay mineral alteration species. ALX believes that further drilling is warranted at Gibbons Creek as follow-up to the 2022 drill results and also in the area of historical drill hole GC13-05 located in the eastern part of the Project (0.143% U3O8 over 0.23 metres beginning at a shallow depth of 107.67 metres). The 2022 drilling program targeted two untested conductors in a fertile uranium district. The nearby Black Lake Uranium Project (UEX Corporation 50.92% - ALX 40% - Orano Canada 9.08%) located contiguous to Gibbons Creek, hosts graphitic conductors on parallel trends to those present at the Project, which have produced significant uranium occurrences in historical drilling. In March 2022, ALX prepared winter trails and drill pads on three target areas located along two geophysical conductors: the Zinger Conductor and the Eclipse Conductor. The two conductors were detected in historical airborne surveys and were computer-modelled by the Company's geophysical consultant to develop new drill targets. The southern Zinger Conductor, with 4.7 kilometres of strike length, was first detected by a 2005 MEGATEM survey and confirmed by ALX's 2017 ZTEM survey. A Spatiotemporal Geochemical Hydrocarbon (‘SGH’) soil survey, carried out in 2021, outlined two specific areas along the Zinger Conductor that were interpreted as being prospective for uranium mineralization, and are approximately coincident with the locations of drill holes GC22-01 and GC22-02. A portion of the Eclipse Conductor was first delineated by the 2005 MEGATEM airborne survey, but its full strike length was obscured by the electromagnetic effects of an encroaching powerline. ALX's Maxwell modeling of the highly-conductive anomaly led to the identification of a new uranium target, tested by drill hole GC22-03. Gibbons Creek consists of seven mineral claims comprising 13,864 hectares (34,259 acres) located along the northern margin of the Athabasca Basin. The Project is located in a region hosting numerous historical uranium occurrences. ALX holds an exploration permit for Gibbons Creek, good until October 2022, which allows for up to 20 diamond drill holes totaling approximately 5,000 metres, along with ground-based geophysics, prospecting, and geochemical sampling. A permit extension application for an additional 18 months has been submitted to Saskatchewan Environment. Access to Gibbons Creek is via roads and trails that lead from the community of Stony Rapids, SK, which is connected to all- weather Highway 905, thereby creating flexibility for either summer or winter exploration programs. The sandstone in all three of the 2022 drill holes was systematically sampled using composite samples collected over 10-metre intervals. Selective sandstone samples were collected from zones of interest, including fracture and alteration zones, as well as within areas of elevated gamma probe results. Continuous systematic sampling was carried out above and below the unconformity. Selective sampling was conducted in the basement rocks over zones of interest, including fracture and alteration zones, and graphitic horizons. ALX regularly inserts duplicates and blank samples into the sample batches, as per industry standards, for quality assurance and quality control (QA/QC) purposes. Geochemical analyses were carried out by SRC in Saskatoon, Saskatchewan using Inductively-Coupled Plasma Optical Emission Spectrometry (‘ICP-OES’) and Inductively-Coupled Plasma Mass Spectrometry (‘ICP-MS’) methods. A standard uranium exploration package of analyses (99 analytes in total) were completed, including total digestions utilizing aliquots of pulps prepared from a mixture of concentrated HF:HNO3:HClO4 acids and partial digestions utilizing a mixture of HNO3:HCl acids. Boron is analyzed from an aliquot of a pulp following sodium peroxide fusion. SRC also regularly inserts their own blanks, standards. and repeat analyses into the sample stream for QA/QC purposes. Partial digestions of a sample (e.g. U-p) use a weaker acid digestion than total digestions and are designed to liberate only the more mobile uranium that might be enhanced by hydrothermal fluid circulation. Anomalous uranium analyses from partial digestion are commonly used in uranium exploration because they are more indicative of proximity to uranium mineralization, or uranium-bearing hydrothermal fluid flow. The technical information in this news release has been reviewed and approved by Robert Campbell, P.Geo., who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.