Alligator Lake Gold Project

Project Snapshot

Ownership:

ALX Option to earn up to 80% from a private vendor that has held the property since 1985. Complete details of the Option agreement can be viewed HERE.

Size:

5 claims totaling ~2,973 ha

Location:

103km northeast of La Ronge, Saskatchewan near the community of
Brabant Lake. Accessible from Provincial Highway 102, and an established
winter trail suitable for mobilizing exploration equipment and supplies.

Regional location and gold mines
Alligator Lake Location Map
Claims and gold showings
Claims and Gold Showings Map

Regional Significance

  • Found within Saskatchewan’s primary La Ronge Gold Belt. Since the 1980s significant nearby gold deposits, including Komis, Waddy Lake and Weedy Lake were delineated by various operators. Komis was mined between 1996-97. Exploration later declined for many years with weak gold prices into the early 2000s.
  • Application of contemporary metallogenic models and exploration methods suggest further regional success.

2022 Exploration Plans

  • In January, ALX commenced a 1,000m diamond drill program totaling 8 holes Primary targets are near Hole AL21-004, which assayed 10.67 g/t Au over 0.98 m from 6.86m to 7.84m. Additional targets are near Holes AL21-005 (8.44 m of 1.93 g/t Au) and AL21-006, where visible gold was observed in the drill core.

       Drilling will test for two distinct target types for gold mineralization:

    1. Quartz vein swarms within small-scale folds and flexures associated with shearing; and

    2. Intrusive-hosted gold mineralization intersected in hole AL21-005.

  • Concurrent with the 2022 drilling program, an induced  polarization/resistivity (“IP/Res”) survey covering the southern extent of the Broken Hammer Shear Zone and its possible intersection with the interpreted Radiant Lake Shear Zone. will be carried out to gain better understanding of the mineralized system at Alligator Lake.
Alligator Lake Gold Project: 2022 Drilling
Alligator Lake Gold Project 2022 Drilling

Exploration Summary

  • A 2020 mapping and sampling program collected fifteen rock samples from historical bedrock showings. An outcrop grab sample taken by at the Broken Hammer Showing returned 504.0 g/t Au and 46.2 g/t Ag by fire assay. A follow-up total metallic gold assay returned 547.0 g/t gold (17.50 oz/ton). Four other samples returned high grade gold values between 2.71 g/t Au and 22.8 g/t Au, while the remaining samples all returned anomalous gold values.

  • A 2021 Phase 1 drill program comprising six holes totaling 617.6m focused on the Broken Hammer Shear Zone. Drilling confirmed quartz veining with associated sulphides and variable gold mineralization at shallow depths in every hole. Visible gold was observed in two drill holes.

Alligator Lake 2021 Drilling Results Greater than 1.0 g/t Gold

1 All mineralized intersections described in this table are shown as measured drill core lengths – true widths of mineralized zones are not yet determined.

National Instrument 43-101 Disclosure
The technical information on this web page has been reviewed and approved by Sierd Eriks, P.Geo., Technical Advisor to ALX, and/or Jody Dahrouge, P.Geo., a Director of ALX, who are Qualified Persons in accordance with the Canadian regulatory requirements set out in NI 43-101. Readers are cautioned that some of the technical information described on this web page is historical in nature; however, the historical information is deemed credible and was produced by professional geologists/geoscientists in the years discussed.

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