Reindeer Lithium Project
ALX’s Reindeer Lithium Project claims, March 2023
About the Reindeer Lithium Project
- Government of Saskatchewan geological mapping in 1968 at Reindeer identified pegmatites within quartz-feldspar schist and gneiss “…with abundant pegmatite lenses, pods, and layers.” (Report No. 114, The Geology of the Deschambault Lake District, Padgham. W.A., 1968);
- The presence of schorl (black tourmaline), one of the pathfinder minerals for pegmatite lithium mineralization, was noted in the pegmatites mapped in the Deschambault Lake area;
- ALX believes that Reindeer is underexplored for lithium-bearing pegmatites in the modern era and intends to carry out reconnaissance geological mapping in the summer/fall of 2023 to evaluate the lithium potential of the pegmatites present at the Project.
In consideration for the acquisition of the Claims, ALX has agreed to pay $12,500 to the vendor for a 100% interest in the Claims, subject to a 2.0% NSR. ALX is entitled to purchase one-half of the NSR (1.0%) from the vendor at any time within five years from closing of the transaction for the Claims, for $2,000,000.
National Instrument 43-101 Disclosure
The technical information in this disclosure has been reviewed and approved by Robert Campbell, P.Geo., a consultant to ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.
Historical geological mapping descriptions quoted in this disclosure were taken directly from publications released by the Government of Saskatchewan. Management of ALX cautions that the reported historical observations have not been verified nor confirmed by its Qualified Person, but they create a scientific basis for ongoing work in the Reindeer project area. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX’s mineral properties.