The Atlas project (“Atlas”) consists of 2 claims totaling 740 hectares located approximately 40 kilometres east of Key Lake. Atlas is immediately adjacent to the Way Lake project of Skyharbour Resources Ltd., which includes the Fraser Lake B uranium-thorium-rare-earth-element Zone. ALX plans a geological review for Atlas in order to define the source of a cluster of historically identified uranium-enriched boulders with up to 4.0% U3O8.
The results reported herein are historical in nature and while ALX has not completed sufficient work to confirm the foregoing results, the Company considers the historical information to be both relevant and reliable.
The technical information in this news release has been reviewed by Neil McCallum, P.Geo., of Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101.