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ALX Uranium Corp.
Summary
| Project: | Hook-Carter | |
|---|---|---|
| Deposit: | Hook-Carter | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 5/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2019: ALX Uranium Corp. announces an Exploration/Drilling Update report for its Hook-Carter deposit at the Hook-Carter project. Boron geochemical results returned, up to 1000ppm Bo. Vancouver, British Columbia--(Newsfile Corp. - May 2, 2019) - ALX Ura | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sierd Eriks (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - May 2, 2019) - ALX UraniumCorp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce results from the Hook-Carter Uranium Project ("Hook-Carter", or the "Project") winter 2019 drilling program which began in early January 2019 (see ALX news release dated January 9, 2019). Exploration at Hook-Carter is operated by Denison Mines Corp. ("Denison") (TSX: DML) (NYSE MKT: DNN). The Project lies within the highly-prospective Patterson Lake Corridor ("PLC") and is owned 80% by Denison and 20% by ALX. Winter 2019 Drilling Program The winter 2019 program consisted of 4,797 metres of diamond drilling in six completed holes to test high-priority geophysical targets developed by Denison which were identified from the resistivity and moving loop time-domain electromagnetic (MLTEM) surveys carried out in 2017 within the interpreted extension of the PLC. The winter 2019 drilling program was designed as a continuation of the 2018 winter and summer drilling programs which included 6,960 metres in nine holes. Favorable structure and alteration was encountered in the majority of the drill holes completed in the 2019 drilling program and initial geochemical results received to date show significant concentrations of uranium pathfinder elements, which indicate the presence of a mineralizing system on Hook-Carter. Completion of the 2018 and 2019 drilling programs has provided reconnaissance level drill hole coverage along the PLC at an approximate 1,200 metre spacing throughout the 2017 geophysical survey area. These reconnaissance drill holes form an important initial repository of drilling data, which is expected to be used to prioritize target horizons and plan future exploration programs. | |
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