MCKenzie Lake Uranium Project
ALX 100% – Purchased four claims from a third party vendor and acquired
a fifth claim by staking in 2021. 2% NSR on four of the five claims. 1%
subject to repurchase option by ALX at any time for $1 million.
5 claims totaling 6,916ha
Eastern margin of the Athabasca Basin, ~20 km north of the Company’s
Javelin uranium project.
Located within the Wollaston Domain basement rocks, which host prolific uranium mines such as Key Lake, McArthur River, Cigar Lake and Rabbit Lake.
New basement-hosted uranium is actively being explored for both in the Athabasca Basin and in particular at the basin edge, where the Triple R deposit ( was discovered by a joint venture in Patterson Lake Corridor, between ALX’s predecessor company, Alpha Minerals Ltd. and Fission Uranium Corp.
Recently, surface high-grade uranium mineralization has been sampled near Javelin by Valor Resources Limited and in exploratory drilling by 92 Energy Ltd. and Baseload Energy Corp.
2022 Exploration Plans
- To be determined after analysis of data from recently completed geophysical survey programs.
ALX completed a first-pass, high-resolution airborne magnetic and radiometric survey at Javelin and Mackenzie Lake. The airborne radiometric survey method is the same system used to detect buried uranium-bearing boulders at Patterson Lake in 2011, which contributed to the discovery of Fission’s Triple R deposit in November 2012.
In October 2021, ALX commenced a follow-up helicopter-supported ground prospecting program at Javelin and McKenzie Lake. This program targeted radioactive anomalies identified from the airborne radiometric and magnetic survey.
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.