Flying Vee Nickel Project

Project Snapshot

Ownership:

ALX 100%

Size:

14 claims totaling 27,622 acquired by staking over a three year period

Location:

Located outside the northeast fringe of the Athabasca Basin~20 km northwest
of the Hamlet of Stony Rapids

Flying Vee Nickel Property Location and Claim Map
Flying Vee Nickel Property Location and Claim Map

Regional Significance

  • Located within the Tantato Domain, which makes up a part of the regionally significant Snowbird Tectonic Zone.

  • Prospective for nickel, copper and cobalt and gold mineralization.

2022 Exploration Plans

  • ALX is developing a surface exploration plan that would include additional prospecting, geological mapping, soil sampling and ground geophysical surveying at the Day Lake Gold Showing to define drill targets at depths greater than the historical shallow drill holes.

Exploration Summary

  • Historical exploration identified anomalous gold values at Day Lake in the 1980s and a narrow intercept of high-grade nickel mineralization from drilling at Nickel Lake in 2007. (1.89% Ni, 0.96% Cu, and 0.11% Co over 0.80m from a depth of 80.15m to 80.95 m). Additional historical analysis by the Company has identified a second significant nickel-copper surface showing at Reeve Lake.

  • 2020 prospecting and sampling program identified gold values as high as 8.34g/t Au at Day Lake over a strike length of ~1,600m.

Flying Vee Property: 2020 Prospecting & Sampling program
Flying Vee Property: 2020 Prospecting & Sampling program

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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