Sabre Uranium Project

Project Snapshot

Ownership:

ALX 100%

Size:

16 claims covering 16,041ha acquired by staking in 2021.

Location:

Northern margin of the Athabasca Basin near Richards Lake, SK, ~ 60 west of
the Hamlet of Stony Rapids. Year-round all-weather road access and nearby
commercial airport.

ALX Sabre Uranium Property Location and Claim Map
ALX Sabre Uranium Property Location and Claim Map

Regional Significance

  • The property is situated within the Snowbird Tectonic Zone, a major geological structure that transects the Athabasca Basin and includes several parallel northeast-trending fault zones including the Black Lake Fault. Prospective for unconformity-style deposits.

  • The historic Nisto Mine, which produced ~96 tonnes grading 1.38% U3O8 in the 1950s is located on the northwest side of the Black Lake fault to the east the property. The Fond du Lac uranium deposit, a small shallow uranium discovery found in 1970 is located 15km west of the Sabre property.

  • Underexplored district with relatively shallow depths to the Athabasca sandstone unconformity (estimated to range from 210 to 320 m), with potential for unconformity-style or deeper, basement-hosted uranium mineralization.

2022 Exploration Plans

  • Analysis of geophysical and geochemical data from historical work to identify new target areas is underway. ALX believes that revisiting this project is warranted using new exploration technologies not available during periods of earlier exploration.
  • A site visit to verify uranium-bearing boulders and outcrop is planned to better understand the relationship between the surface uranium-bearing boulders, outcrop and the significant underlying fault structures present within the property.
  • Additional work may include airborne radiometric surveys, airborne electromagnetic surveys and Spatiotemporal Geochemical Hydrocarbon (“SGH”) soil surveys across the highest-priority areas, to optimize potential drill targets.

Exploration Programs Pre 2008

  • Historical prospecting discovered uranium-bearing sandstone boulders and outcrop with up to 375 parts per million (“ppm”) uranium.

  • Only 3 historical drill holes on the property, which identified intense dravite alteration, significant hydrothermal activity and the presence if Boron.

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