Tango Polymetallic Minerals Project

Project Snapshot

Ownership:

ALX 100% – Purchased in a related party transaction in 2018; Subject to a 2% NSR. An option to reacquire ½ of the royalty for $1 million expires in 2023.

Size:

8 claims totaling 13,709 ha

Location:

Northern Saskatchewan between the Town of La Ronge and the Athabasca Basin.

Tango Uranium Property Location and Claim Map
Tango Uranium Property Location and Claim Map

Regional Significance

  • Situated in the Mudjatik Domain. Prospective for polymetallic mineral deposits (nickel, copper cobalt, and gold mineralization.)

2022 Exploration Plans

  • No exploration plans for 2022. Project is available for partnering.

Exploration Summary

  • Historical sampling and trenching in 1979 identified cobalt values as high as 0.49% Co at the Sunlite trench. A gold-bearing quartz vein was later observed at the Sunlite Trench with one grab sample assaying at 18.0 g/t Au and 0.16% Cu. Limited surface sampling and ground geophysics were later carried out by other precious metals explorers, without any drilling having been conducted.

  • In 2018, ALX completed a sampling and prospecting program. Numerous trenches, including the Sunlite Trench, were located and channel sampled. In addition, a reconnaissance transient audio magnetotelluric (“AMT”) geophysical survey utilizing PULSAR receivers was completed and integrated into the property data base.

Tango Property: Historical Regional Data Compilation
Tango Property: Historical Regional Data Compilation

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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