HOOK – CARTER URANIUM PROJECT

Project Snapshot

Ownership:

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.

Size:

6 claims covering 24,262 ha

Location:

SW margin of the Athabasca Basin within the Patterson Lake corridor; ~27km east of provincial highway 955

ALX Hook-Carter location map
Hook-Carter Location Map showing proximity to World Class Patterson Lake discoveries

Regional Significance

  • ~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.

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