Firebird Nickel Project
ALX 100% – In 2020, ALX granted Rio Tinto Canada an option to acquire up to an 80% interest in the project by spending $12 million in exploration, and making $125,000 in cash payments to ALX over a six year period. Certain claims are subject to a 2% royalty. Complete details of the option agreement with Rio Tinto Canada can be viewed by clicking HERE.
73 claims totaling 20,391 ha after consolidation of the claims in 2019 and completion of the Rio Tinto Canada option agreement.
Located outside the northeast fringe of the Athabasca Basin~18 km northwest of the Hamlet of Stony Rapids.
Located within the Tantato Domain, which makes up a part of the regionally significant Snowbird Tectonic Zone.
Several significant regional Ni-Cu-Co occurrences / deposits including Axis Lake, Rea Lake and Currie Lake, all of which are found within the Firebird claims.
2022 Exploration Plans
- In 2021 ALX received an exploration permit that allows for ground geophysical surveys and diamond drilling. The permit expires on September 30, 2022. Community Engagement with indigenous groups and local communities is ongoing to address any potential impacts to traditional land use and cultural practices during ALX’s exploration programs.
Firebird hosts a magmatic nickel sulphide mineralized system that has been underexplored by modern exploration methods until its acquisition by ALX and subsequent exploration option agreement with Rio Tinto Canada.
Since 2020, Rio Tinto has completed two drill programs totaling 1,339m in seven holes. The 2020 program targeted the V1 area 100m east of the Currie Lake occurrence. Hole FN20-002 drilled to a depth of 108m intersected 0.36% nickel and 0.09% copper over a 23.78 m interval, including 10.61m of 0.55% Ni and 0.14 % Cu from 54.01m to 64.62m and 2.05 m of 0.90% Ni and 0.19% Cu from 58.95m to 61.00m.
In 2021 Rio Tinto completed a limited 4 hole 739.5m diamond drill program on three of four conductive anomalies outlined by a 2020 airborne VTEM Max geophysical survey and followed-up with ground geophysics. The fourth priority target at Currie Lake West was not tested due to the unavailability of a helicopter and drill. While no significant nickel, copper, or cobalt values were found in the mineralized intervals, most anomalies identified by the VTEM survey in the northern part of Firebird were followed up with sampling that assayed as high as 2.43% Ni and 8.34g/t Au, have yet to be drill tested.
Through continued geophysical review and modelling of historical airborne survey data the Company is focussing its efforts to locate magmatic conduits and feeder systems that could represent the sources of the known deposits at the Firebird and discover additional mineralized zones.
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.