HOOK – CARTER URANIUM PROJECT
ALX 20% / Denison Mines 80% after sale to Denison in 2016 for 7.5 million common shares of Denison and $12 MM in exploration expenditures. Denison has funded $6.7 million in exploration to date. The property is subject to certain royalties held by underlying vendors.
6 claims covering 24,262 ha.
SW margin of the Athabasca Basin within the Patterson Lake corridor; ~27km east of provincial highway 955.
- ~13 km northeast of NexGen’s Arrow deposit.
- ~20 km northeast of Fission Uranium’s Triple R uranium deposit.
- ~8 km northeast of Cameco/Orano/Purepoint’s Spitfire, Hornet and Dragon discoveries.
Outlook and Planned Exploration
- No work undertaken since 2019.
- Highly prospective for continued exploration, which to date suggests the presence of a large mineralized system on the property.
Exploration Summary 2017-2019
In 2019, six drill holes totaling 4,797m, identified favourable structure and alteration in the most drill holes, in addition to significant concentrations of uranium pathfinder elements.
In 2018, two drill programs totalling 6,960m in nine drill holes were completed. Strong hydrothermal alteration in sandstone and basement lithologies associated with graphitic basement structures encountered.
Ground resistivity and electromagnetic surveys identified the 2018-19 drill program targets.
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.