ALX Uranium to explore five Athabasca Basin sites

ALX Uranium Corp.’s board of directors approved surface-exploration programs at five sites in the Athabasca Basin in the Saskatchewan region of Canada, ALX said late last week.

The project sites are Gorilla Lake, Lazy Edward Bay, Newnham Lake, Perch property and the Hook-Carter property.

At Gorilla Lake, the company states said it discovered basement-hosted uranium in 2008, and an additional magnetic anomaly was found approximately 1,640 yards south of the lake. This site is located approximately six miles away from the Cluff Lake Uranium Mine, which operated between 1980 and 2002.

For Lazy Edward Bay, an extended exploration will be carried out with consideration for a previous survey taken in 2014. At the Perch property, the company will be carrying out a survey of a nearly-three-mile corridor that expressed a coincidental magnetic low. The company said uranium targets anticipated in this area will be easily accessed through the Stony Rapids community.

The company will be carrying out a moving loop-time domain electromagnetic (MLTDEM) survey at the Hook-Carter property, and the location is near uranium deposits belonging to Fission Uranium Corp. Other areas are being explored by NexGen Energy, Cameco, Purepoint and AREVA.

At Newnham Lake, an MLTDEM survey will be carried out to determine targets in the southwestern area of the property. The company said that in the 1970s, a 16-mile corridor was explored in the northeast portion.

ALX specializes in the exploration of potential properties that might be viable for uranium mining.

Organizations in this story

ALX Uranium Corp. 789 W Pender St Vancouver, BC - V6C 2X1

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