Lazy Edward Bay
The Lazy Edward Project is located in the southwestern Cree Lake area and straddles the southern margin of the Athabasca Basin. The property is located east of the Cable Bay Shear Zone, a crustal-scale, regional lithotectonic domain boundary, and lies within the western Mudjatic geological domain. In October and November 2017, ALX staked 36 claims and added 10,306 hectares to the existing Lazy Edward Bay property, which now totals 21,946 hectares and covers a series of basement-hosted conductors outlined by historical geophysical exploration.
- Drill hole LE-50 which intersected the basement rocks about 1 kilometre south of the Athabasca sandstones. Moderately chloritized and sericitized, and weakly hematized migmatitic, graphitic pelite returned an assay value of 770 ppm uranium along with anomalous boron, nickel, pathfinder metals
- Several distinct conductive trends that have very little or no drilling
- Southern margin of the Athabasca Basin, northern Saskatchewan
- Transected by highway 905.
- 55 km (approx.) west of the Key Lake Mill and historic deposit.
- 55 km (approx.) east of the Centennial deposit.
- Lazy Edward Bay is 23822 hectares over 44 claims
- ALX Uranium Corp. owns 100% of the mineral claims. Three claims (MC-00001388, 1389, 1422) are subject to a 2% Gross Revenue Royalty.
- ALX Uranium’s predecessor, Lakeland Resources, completed an exploration program on the property. Exploration consisted of prospecting, Radon testing and conventional soil sampling on the Bay Trend. Prospecting and sampling was also conducted on the Liberty, Ponderosa and Jack trends
- At the BAY Trend conventional soil surveys, prospecting and a RadonEX survey identified strong Radon anomalism associated with historic conductive zones.
- Exploration at the LIBERTY Trend identified radioactive springs with radioactive muds at surface, and strongly radioactive boulders
Historic exploration by SMDC, Cameco and Uranerz was conducted in the years 1974 to 1988. Recent exploration by JNR Resources and Titan Uranium was conducted in the years 2000 to 2010.
Recent work by JNR Resources includes airborne VTEM, GeoTEM, gravity and high-resolution magnetic surveys. This was followed up by ground Fixed Loop surface Transient Electromagnetic (FLTEM) surveys on the “Liberty” and “Bay” Trends. Four holes were drilled along the Liberty Trend whereas the Bay Trend was not drilled. Drilling on the Liberty Trend revealed elevated uranium in the sandstone, along with sandstones high in illite contend and faulting observed in the sandstone and basement rocks.
Recent work by Titan Uranium includes an airborne MegaTEM survey, a ground boulder survey and FLTEM surveys, followed up by drilling four holes along the “Turner” and “Snow” Trends. The eight kilometer long Turner Trend was tested with two holes, one of which failed to reach the unconformity in two attempts due to unconsolidated sands at about 50 metres depth.