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ALX Uranium Corp.
Summary
| Project: | Gorilla Lake | |
|---|---|---|
| Deposit: | Gorilla Lake | |
| Location: | Canada | |
| Commodities: | Uranium-Nickel-Copper-Cobalt-Zinc | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2017: ALX Uranium Corp. announces an Exploration/Drilling Update report for its Gorilla Lake deposit at the Gorilla Lake project. Drilling results incl. 0.54m @ 156ppm U, 39ppm Ni, 178ppm Cu, 24ppm Co, 47ppm Zn from 138.10m. ALX Uranium Corp. (“ALX” o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sierd Eriks (Internal) | |
| ABSTRACT: | ALX Uranium Corp. (“ALX” or the “Company”) (TSXV: AL; FSE: 6LLN; OTC: ALXEF) announced today the results of a diamond drilling program at the Gorilla Lake property (“Gorilla Lake”, or the “Property”) in the western Athabasca Basin, Saskatchewan. The drilling program consisted of four holes totaling 1,116 metres and was carried out in March 2017. Three holes (GL17-001 to GL17-003) were drilled in the northern portion of the Property to follow up on basement-hosted uranium mineralization that was previously intersected in historical holes CLU-01 (0.46% U3O8 over 1.5 metres) and CLU-07 (0.17% U3O8 over 7.0 metres) drilled in 2006. The historical uranium mineralization was associated with numerous conductors, as defined by airborne and ground electromagnetic surveys and was coincident with a distinct northeasttrending gravity low highlighted from a ground gravity survey conducted in the winter of 2016. In addition, one hole (GL17-004) tested an airborne electromagnetic anomaly approximately 1,500 metres south of Gorilla Lake coincident within a distinct northeast-southwest striking gravity low. Three of the 2017 drill holes showed narrow intervals containing anomalous values of uranium and other pathfinder elements as well as elevated radioactivity. The Gorilla Lake property consists of two contiguous mineral claims totaling 7,552 ha (18,661 acres) within the Carswell Impact Structure in the western portion of the Athabasca Basin, northern Saskatchewan. Geology of the Cluff Lake area can be “reversed” in comparison to other areas of the Athabasca Basin, i.e., basement rocks are found overlying sandstone, due to the effects of an interpreted meteor impact on the local geology. | |
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