by Greg Klein | October 27, 2015
Encouraging radon and geophysics results have ALX Uranium TSXV:AL returning to its Gibbon’s Creek project next week to begin a ground gravity survey. The crew will focus on an expanded radon anomaly coinciding with an anomalous DC-resistivity low. Results will help select targets for a drill program anticipated to start before winter sets in on the Athabasca Basin’s north-central rim.
This follows last winter’s initial 2,550-metre program focusing on the South Trend and Centre zone targets, which both revealed anomalous radioactivity and/or pathfinder geochemistry. Then last summer 394 radon stations expanded the radon anomaly from a few readings to an area measuring about 1,200 metres by 500 metres. The anomaly features some of the Basin’s highest recorded radon values and coincides with the DC-resistivity low.
Late last month ALX announced a drill program of up to six holes totalling 1,800 metres on Kelic Lake, a 10,056-hectare property on the Basin’s south-central margin.
As a result of the combination of Lakeland Resources and Alpha Exploration, ALX holds one of the Basin’s largest portfolios. The company’s Carter Lake and Hook Lake properties feature around 15 kilometres of untested corridors on strike with the Patterson Lake South, Arrow and Spitfire discoveries. Other drill-ready projects include Newnham Lake and Lazy Edward Bay, the 60%-held Carpenter Lake project and an 80% share of the Gorilla joint venture.