ALX Resources Corp. (TSXV: AL) reported today that it has mobilized a helicopter-supported ground prospecting program at the Javelin and McKenzie Lake uranium projects in northern Saskatchewan, Canada. The program aims to target radioactive anomalies identified in the firm’s concluded airborne radiometric and magnetic survey.
The two properties are located near the eastern margin of the Athabasca Basin within 65 kilometres southeast of the McArthur River uranium mine. The company’s claims on the properties were acquired during a staking rush that began in mid-September 2021.
In September and October 2021, the company tapped Special Projects Inc. to survey the properties with a radiometric system. The survey covered a total of approximately 306 square kilometres.
Sponsored · Altamira Gold Corp.
The program will prospect the areas identified by the survey as having elevated radioactivity. Prominent structural features with historical mineral showings will also be examined.
ALX Resources last traded at $0.125 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
