- ALX Resources (AL) announces results of the 2022 drilling program at the Alligator Lake Gold Project in Saskatchewan
- Drill hole AL22-02 tested for the northeast strike extension of mineralization in holes AL22-01 and AL21-005 and intersected 0.19 g/t gold over 16.50 metres from 41.00 to 57.50 metres
- Drill holes completed in 2021 returned significant gold mineralization, including 8.44 g/t gold over 1.93 metres in hole AL21-05, and 10.67 g/t gold over 0.98 metres in hole AL21-04, which included a single sample at the very top of the hole that returned 18.2 g/t gold
- ALX is planning for a winter drilling program in 2023
- ALX Resources Corp. (AL) was down 12.50 per cent, trading at $0.035 per share as of 12:50 p.m. ET
ALX Resources (AL) has announced results of the 2022 drilling program at the Alligator Lake Gold Project in Saskatchewan.
In February 2022, The company completed five diamond drill holes totalling 815.5 metres.
The 2022 drill holes were planned to test the Broken Hammer Shear Zone (BHSZ) (holes AL22-01, AL22-02, and AL22-03) and historical geophysical anomalies in areas of the project with no previous drilling (holes AL22-04 and AL22-05).
ALX had previously sampled a sulphide-bearing quartz vein in outcrop on the BHSZ that returned 504.0 g/t gold (16.13 oz/ton), and 46.2 g/t silver.
Drill hole AL22-01 expanded the multiple zones of gold mineralization.
Drill hole AL22-02 tested for the northeast strike extension of mineralization in holes AL22-01 and AL21-005 and intersected 0.19 g/t gold over 16.50 metres from 41.00 to 57.50 metres.
Drill holes along the BHSZ completed in 2021 returned significant gold mineralization, including 8.44 g/t gold over 1.93 metres in hole AL21-05, and 10.67 g/t gold over 0.98 metres in hole AL21-04, which included a single sample at the very top of the hole that returned 18.2 g/t gold.
The BHSZ is prospective for high-grade gold mineralization, and to test targets associated with the interpreted Radiant Shear Zone.
ALX is planning for a winter drilling program in 2023.
ALX Resources Corp is principally engaged in the acquisition, exploration, and development of mineral properties which consist of uranium, energy, and gold.
ALX Resources Corp. (AL) was down 12.50 per cent, trading at $0.035 per share as of 12:50 p.m. ET.
