- ALX Resources (TSXV:AL) has announced it has received an exploration permit for its 100 per cent owned Gibbons Creek Project in Saskatchewan
- The permit is valid until October 2022 and allows for a 5,000 metre drilling program in up to 20 holes
- Gibbons Creek contains several mineral claims enclosing 13,864 hectares in the northern margin of the Athabasca Basin
- Access to the project is year-round and can be explored in both summer and winter weather
- Shares of ALX Resources are up 12.50 per cent to C$0.09 as of 1:54 p.m. EDT
ALX Resources (AL) has announced it has received an exploration permit for its 100 per cent owned Gibbons Creek project in Saskatchewan.
The permit ,which is valid until October 2022, allows for a 5,00 metre drilling program in up to 20 holes.
The company intends to carry out a Spatiotemporal Geochemical Hydrocarbons (SGH) soil geochemistry survey over the untested conductors to determine the most prospective areas for drilling. Following this, drilling is anticipated to begin in Q3 2021.
Gibbons Creek contains several mineral claims enclosing 13,864 hectares in the northern margin of the Athabasca Basin.
Previous drilling at the property on the historic drill hole GC15-03 intersected 0.13 per cent uranium over 0.23 metres, within a 1.1 metre interval of 333.8 parts per million uranium, immediately below the sub-Athabasca unconformity.
Additionally, the Gibbons Creek property is easily accessible during the summer and winter months which means drilling can be done any time of year.
Shares of ALX Resources are up 12.50 per cent to C$0.09 as of 1:54 p.m. EDT.