Cannon Copper Project

Project Snapshot

Ownership:

ALX 100%

Size:

13 claims totaling 289ha obtained from the 2015 amalgamation of Alpha
Exploration and Lakeland Resources. In 2020, the Company staked
additional ground, which now totals 117 claims covering 2,600 ha.

Location:

Located in Ontario’s Sault Ste Marie Mining District, 33km northwest of Elliott
Lake. Accessible by paved highway to secondary roads or trails. A powerline
transects the southern part of the property.

Cannon Copper Project Location and Claim Map including Historic Cannon Mine
Cannon Copper Project Location and Claim Map including Historic Cannon Mine

Regional Significance

  • Hosts the historic Cannon Copper Mine and Mill (aka the Crownbridge Copper Mine), which saw limited copper production in the late 1960s and early 1970s. – A historical resource of 415,000 tonnes grading 1.8% Cu over a width of 6.5’ (1.98m) was delineated. (Source: Ontario Geological Survey, Open File Report 6366, Report of Activities 2019). (Note: This historical resource is not compliant with the standards of National Instrument 43-101-see “National Instrument 43-101 Disclosure” below for additional cautionary language).

  • Previous operators recommended deeper drilling, which was never carried out.

2022 Exploration Plans

  • To be determined after complete analysis of the results from a 2021 vertical time-domain electromagnetic (“VTEM™ geophysical survey which is designed to obtain accurate deep penetrating data over target areas recommended for deeper drilling.

Exploration Summary

  • Extensive exploration and development completed by previous operators from the 1950s to the 1970s, Mining began after a completing a 245m decline and erecting a processing mill. Records indicated that no further exploration, development, or production occurred after 1975.
  • ALX’s efforts to initiate new modelling techniques beginning with the 2021 VTEM geophysical survey is the only exploration conducted after mining ceased in the 1970s.

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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