• Located within the Grease River Shear Zone (the “GRSZ”), a major crustal structural feature that defines the western edge of the Tantato Domain in northern Saskatchewan.
• The GRSZ is believed to be structurally-associated with the Fond du Lac uranium deposit, located 34km to the southwest of the Bradley Lake property.

Exploration History

• Historical prospecting programs in 2007-2008 in the Bradley Lake area discovered several significant uranium occurrences in outcrop known as the Bradley West and Bradley East showings, with uranium values ranging from 0.08% U₃O₈ to 3.53% U₃O₈ (Source: Saskatchewan Mineral Assessment Database, Report #74O-09-0023). 
• In 2007, a magnetic-radiometric-VLF (“Very Low Frequency”) airborne survey was flown over Bradley Lake, which detected an approximate 700 metre-long uranium radiometric anomaly that corresponds to a portion of the mineralized zones on surface. However, no follow-up electromagnetic (“EM”) work was carried out over the radiometric anomaly beyond the VLF component of the historical airborne survey, which had a limited depth of investigation.
• Two shallow “scissor” holes were drilled in 2011 from one collar location to undercut the presumed sub-surface strike of the Bradley Lake showing at shallow depths, from which the highest-grade interval was a modest 0.047% U₃O₈ over 0.30 metres from 23.3 to 25.6 metres.  The two 2011 holes, totaling only 123.4 metres, were drilled without the benefit of a deep-penetrating ground EM survey, which has the capability to detect deeper targets that may exist beneath the uranium showings on surface.
• In the fall of 2022, ALX visited the Bradley Lake showings and at Bradley West observed a northeast-southwest trending structure visible on surface for 60 metres, hosting radioactive occurrences along its length, which was cut off by overburden cover in both directions along strike. Four representative samples were collected from radioactive outcrop along the Bradley showings that returned geochemical values ranging from 0.08% to 1.77% U₃O₈, as shown in Figure 1 above and Table 1 below.
• After a review of historical assessment work records, ALX believes that the full potential of the Bradley Lake showing has not been realized. The Bradley West and East showings area conveys two different styles of mineralization: pitchblende veinlets hosted by pegmatites and potentially much more significant shear zone hosted uranium (Source: Saskatchewan Mineral Assessment Database, Report #74O-09-0023). Both styles of mineralization display a high uranium-thorium ratio indicative of hydrothermal processes related to a structural rather than a magmatic origin (Daubeny, 2009).