Projects

Newnham Lake

The Newnham Lake project consists of 15 claims totaling 18,524 hectares, where ALX has three option agreement to acquire a 100% stake in the claims that make up the property. Newnham Lake straddles the northeastern margin of the Athabasca Basin and is underlain by a series of graphitic metapelites where several faults zones have been identified along strike and cross-cutting the basement rocks. The depth to the unconformity in the Athabasca Basin on the Newnham Lake property is a maximum of 100 metres. Limited work was done exploring deeper basement style mineralization despite extensive alteration, anomalous geochemistry and favorable rock types, most holes continued less than 25 metres past the sub-Athabasca unconformity. The exploration in the area of the Newnham Lake property was largely prior to the understanding of the importance of basement-hosted uranium deposits.

2018 Drill Core Photos

Maps, Figures and Field Photos

Highlights

  • Historic DDH 66 encountered a 20 cm interval of 0.20% U3O8 along with high Ni, As and Pb immediately below the sub-Athabasca unconformity.
  • DDH-104 encountered 20 cm of 0.13% U3O8 in basement metapelite.
  • DDH-37 encountered 2 cm of sooty pitchblende in the Athabasca sandstone immediately above the unconformity. A 1.0 metre sample graded 389 ppm U3O8.
  • 25 kilometre-long folded and faulted conductive basement rock trend.
  • Several areas have not been drill tested.
  • Shallow depth to basement.

Proximity to Uranium Discoveries, Deposits, Mills and Mines

  • Approximately 47 km southeast of the Nisto Uranium Zone.
  • Approximately 55 km north of the La Rocque Lake Uranium Zone.

Exploration by ALX and Predecessors

2015

Lakeland Resources (predecessor to ALX) commissioned RadonEx Ltd to complete a land based radon flux survey and Dahrouge Geological Consulting Ltd. to complete a ground gravity survey.A 100 X 750 metres radon anomaly was identified that was associated with a gravity low and north-south trending fault which crosscuts a known conductor.

2017

ALX contracted Discovery Int’l Geophysics Inc. to complete a ground based IP/Resistivity survey covering 100.25 line kilometres.The results of the resistivity survey will be incorporated into the exploration database to evaluate drill targets on the property.

2018

ALX will perform up to 1,700 metres of drilling in up to 5 drill holes on the highest priority targets identified from previous exploration efforts.

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