Projects

Gibbons Creek

The Gibbons Creek property straddles the northern margin of the Athabasca Basin. The property is located west of the Snowbird Tectonic Zone, a major regional structure. The property includes several fault zones parallel to this major regional structure.

Highlights

  • Prospecting confirmed the presence of high-grade uranium boulders of up to 4.28% U3O8
  • A land-based radon survey identified one of the highest reported RadonEx values recorded to date for the Athabasca Basin (9.93 pCi/m2/sec)
  • Drill Hole GC15-03 intersected 0.13% U3O8 over 0.23 metres

Location

  • Northern margin of the Athabasca Basin, northern Saskatchewan

Proximity to Uranium Discoveries, Deposits, Mills and Mines

  • Transected by highway 905.
  • 23 km (approx.) west of the Nisto Uranium Zone.
  • 75 km (approx.) east of the Fond du Lac Deposit.

Property Description and Ownership

  • 13,864 hectares (34,259 acres)
  • 7 contiguous claims (mineral dispositions: MC-00000539, MC-00000540, MC-00000545, MC-00001040, MC-00001041, S-107355 and S-108135)
  • ALX Uranium Corp. owns 100% of the mineral claims with the “MC” prefix.
  • ALX has an Option Agreement to acquire 100% of the claims S-107355 and S-108135 (“Star Property”) from the vendor. The Vendor has the option to buy back 25% of the property. (see Lakeland news release dated November 27th, 2015)

Recent Exploration
2013

  • Prospecting, DC-Resistivity and Radon surveys.
    • Prospecting confirmed the presence of high-grade uranium boulders of up to 4.28% U3O8
    • A land-based radon survey identified one of the highest reported RadonEx values recorded to date for the Athabasca Basin (9.93 pCi/m2/sec)
    • 38 kilometres of DC-Resistivity surveys identify a robust resistivity-low trend near historic uranium intersections.

2014

  • Surface sampling at the Star Property (S-107355 and S-108135)
    • A total of 73 rock samples and 124 soil samples were collected from in and around the uplifted basement block at the northeastern portion of the property, immediately north of the margin of the Athabasca Basin. This work was completed in order to define the deposit model and the source of the gold and Platinum Group Element (“PGE”) and Rare Earth Element (“REE”) results obtained in the fall of 2013. The 2013 sampling explored a small portion of the uplifted basement outcrop on the Star Property. Anomalous concentrations of gold (up to 5.7 g/t Au), platinum group elements (0.75 g/t PGE’s), rare earth elements (up to 6.9% TREO) and highly anomalous uranium; suggest the presence of a robust hydrothermal system.

2015

  • Lakeland completed a Phase 1 drilling program totaling 2,550 metres
    • Highlights (South Trend): Drill holes within an approximately 2 to 3 km long coincident Resistivity Low – Gravity Low trend returned strongly anomalous radioactivity and pathfinder geochemistry (B, Co, Cu, Ni);
    • Drill Hole GC15-03 intersected 0.13% U3O8 over 0.23 metres, within a 1.1 metre interval of 333.8 ppm Uranium immediately below the sub-Athabasca unconformity.
    • Drill hole GC15-10, at the eastern end of the South Zone, returned a strong illite clay alteration assemblage from the unconformity (80.9 m) to 148 metres depth. This interval corresponds to a zone of strong ductile shearing and local brittle-ductile cataclastic brecciation.
    • Highlights (Centre Zone): One drill hole was completed at the center zone where a recent Radon-Ex Survey showed some of the strongest land-based radon values (9.93 pCi/m2/sec) known from the Athabasca Basin
    • Drill hole GC15-06 encountered strongly altered basement lithologies including strongly hematized-quartz-carbonate-chlorite alteration / brecciation. Highly anomalous geochemical pathfinders were noted throughout the hole, including a zone of uranium enrichment from approximately 41 m to 109.5 m depth. Elevated Boron approximately 6 metres below the unconformity: 52.8 to 56.7 metres (3.9 m interval) of 1,213 ppm B; was noted within a wider zone of anomalous Boron from 41 to 72.8 m. Highly anomalous Ni (up to 0.19%) and Co were noted within this hole.

Historical Exploration

From 1978 to 1980, Eldorado Nuclear Limited conducted significant exploration on the property including boulder prospecting, soil geochemical surveys, ground geophysical surveys, and drilling. From 2005 to 2006 UEX Corp. explored the property along with others in the area by conducting airborne MegaTEM, Gravity gradiometer and radiometric surveys.

Highlights:

  • The exploration identified a number of radioactive sandstone boulders assaying up to 4.9% U3O8.
  • A target area was identified and is characterized by an east-west trending gravity low which measures about 3 kilometers east-west, by 1 kilometer north-south.
  • Historic drilling of 22 holes by Eldorado on the Gibbons Creek property identified 10 holes with anomalous geochemistry over 100 ppm Uranium. Hole GC-15 averages 0.18% U3O8 across 0.13 m. Many other holes encountered significant widths of alteration in the basement.
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