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ALX Uranium Corp.
Summary
| Project: | Newnham Lake | |
|---|---|---|
| Deposit: | Newnham Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 5/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-5-2018: ALX Uranium Corp. announces an Exploration/Drilling Update report for its Newnham Lake deposit at the Newnham Lake project. Drilling results incl. 5.9m @ 3269cps from 100.7m. Vancouver, May 14, 2018 – ALX Uranium Corp. (“ALX” or the “Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sierd Eriks (Internal) | |
| ABSTRACT: | Vancouver, May 14, 2018 – ALX Uranium Corp. (“ALX” or the “Company”) (TSXV: AL; FSE: 6LLN; OTC: ALXEF) is pleased to announce the initial results of its inaugural diamond drilling program at the Newnham Lake Uranium Project (“Newnham Lake”, or the "Project") located in the northeastern Athabasca Basin of northern Saskatchewan, approximately 75 kilometres east of Stony Rapids. The 2018 drilling program at Newnham Lake, totaling approximately 1,164 metres, was designed to test high-priority drill targets interpreted from the results of a 3D induced polarization/resistivity (“IP/resistivity”) ground geophysical survey carried out in 2017 and other historical data. Three holes were successfully completed to their target depths until warming conditions curtailed the drilling program. “Our first drill program at Newnham Lake targeted basement-hosted mineralization, whose potential was not previously tested,” said Sierd Eriks, President and Chief Geologist of ALX. “The presence of visible pitchblende, significant faulting, and strong hydrothermal alteration, all of which are key elements of the basement-hosted uranium model, bodes well for future exploration on the Project.” | |
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