The Gibbons Creek property consists of 7 claims owned 100% by ALX totaling 13,864 hectares that straddle the northern margin of the Athabasca Basin.The property is less than 3 kilometres from the community of Stony Rapids, Saskatchewan and Provincial Highway 905. The property is on the northern margin of the Athabasca Basin and situated west of the Snowbird Tectonic Zone, a major regional structure, and includes several parallel fault zones.
Prospecting confirmed the presence of high-grade uranium boulders of up to 4.28% U3O8
A land-based radon survey identified one of the highest reported RadonEx values recorded to date for the Athabasca Basin (9.93 pCi/m2/sec)
Drill Hole GC15-03 intersected 0.13% U3O8 over 0.23 metres
Proximity to Uranium Discoveries, Deposits, Mills and Mines
Approximately 20 km west of the Nisto Uranium Zone.
Approximately 60 km east of the Fond du Lac Deposit.
Exploration by ALX and Predecessors
Prospecting, DC-Resistivity and Radon survey
Prospecting confirmed high-grade uranium boulders up to 4.28% U3O8
A land-based radon survey identified one of the highest reported RadonEx
values recorded to date for the Athabasca Basin at 9.93 pCi/m2/sec
38 kilometres of DC-Resistivity surveys identify a robust
Surface sampling on the northern portion of the property
A total of 73 rock samples and 124 soil samples were collected from in
and around an uplifted basement block in the northeastern portion of the
property, immediately north of the margin of the Athabasca Basin. Anomalous
concentrations of gold (up to 5.7 g/t Au), platinum group elements (0.75 g/t
PGE’s), rare earth elements (up to 6.9% TREO) and highly anomalous uranium;
suggest the presence of a robust hydrothermal system.
Lakeland (a predecessor of ALX Uranium Corp.) completed a drilling
program totaling 2,550 metres (14 holes) in March 2015 and followed up with an
additional 1,005 metres (7 holes) in December 2015. A ground gravity survey was completed in
February 2015 and extended in October 2015 to expand encouraging results.
The gravity survey identified a saddle-like depression centered within a
gravity high located directly beneath the central portions of a radon anomaly.
Drill Hole GC15-03 intersected 0.13% U3O8 over 0.23 metres, within a 1.1
metre interval of 333.8 ppm Uranium immediately below the sub-Athabasca
hole GC15-06 encountered strongly altered basement lithologies including
strongly hematized quartz-carbonate-chlorite alteration and brecciation. Anomalous geochemical pathfinders (U, B, Ni,
Co, Cu) were also present.