• ALX Resources Corp. (AL) has completed a second staking program, expanding the Hydra Lithium Project in Quebec
  • The company staked an additional 108 claims in two claim blocks named Cobra and Viper
  • Site visits and reconnaissance work were done in the area, which successfully identified pegmatite targets
  • Results for multi-element analysis on these areas are expected sometime this month
  • ALX Resources Corp. (AL) is up 14.29 per cent and is trading at $0.04 per share as of 11:47 a.m. EST

ALX Resources Corp. (AL) has completed a second staking program, expanding the Hydra Lithium Project in Quebec.

The company staked an additional 108 claims in two claim blocks named Cobra and Viper, bringing ALX’s total holding in the region to 53,734 acres.

Hydra is in a district which hosts several significant lithium-cesium-tantalum type pegmatites and is solely owned by ALX with no applicable royalties.

Cobra and Viper were staked after an extensive geological assessment which targeted discrete formations that may host lithium-tantalum-cesium pegmatites.

The company also did site visits on four sub-projects within the area: Volta, Sprite, Nike, and Echo. The reconnaissance prospecting was successful in locating pegmatite bodies in several locations.

Results for multi-element analysis on these areas are expected sometime this month. The collection of historical data related to Hydra and other areas in the region that are prospective for LCT pegmatites is ongoing.

ALX is planning another survey early next year to provide additional geophysical, topographic, and aerial visual information to aid in the location and mapping of pegmatite bodies.

For the 2023 field season, the company will follow up with geological and geochemical surveys across the priority areas to define potential lithium-bearing pegmatite dykes.

ALX Resources Corp. (AL) is up 14.29 per cent and is trading at $0.04 per share as of 11:47 a.m. EST.


More From The Market Online

Luca Mining reveals high-grade gold zones at Tahuehueto Mine

Luca Mining (TSXV:LUCA) reveals new high-grade gold mineralization off the main Creston vein at its Tahuehueto Gold Mine in Mexico.

Cloud DX among leading remote patient monitoring suppliers in Canada

Cloud DX (TSXV:CDX) gives an update on its remote patient monitoring deal with the British Columbia Provincial Health Services Authority.

Introducing the newest player in global drone technology

Drone Delivery Canada (TSXV:FLT) and Volatus Aerospace (TSXV:VOL) will merge into a global drone technology and services company.

Aston Bay unearths thick new copper zones in Nunavut

Aston Bay Holdings Ltd. (TSXV:BAY) provides an update on results from drilling activities at its Storm Copper Project.