ALX Uranium Corp. ( TSXV: AL; FSE: 6LLN; OTC: ALXEF) is pleased to announce that a diamond drilling program has commenced at the Gorilla Lake property (“Gorilla Lake”, or the “Property”) in the western Athabasca Basin, Saskatchewan. Gorilla Lake is located within the Carswell Impact Structure approximately 15 km north of the past-producing Cluff Lake uranium mine, which operated from 1980 to 2002.
The 2017 drilling program is planned to include four holes totaling approximately 1,000 metres. Work will be focused on the northern portion of the Property and will follow up on basement- hosted uranium mineralization that was previously intersected in historical holes CLU01 (0.46% U 3 O 8 over 1.5 m) and CLU-07 (0.17% U 3 O 8 over 7.0 m), drilled in 2006. The uranium mineralization is associated with numerous conductors, as defined by airborne and ground electromagnetic (“EM”) surveys and is coincident with a distinct northeast-trending gravity low highlighted from a ground gravity survey conducted in the winter of 2016.
In addition, drilling will test an airborne electromagnetic anomaly approximately 1,500 metres south of Gorilla Lake coincident within a distinct northeast-southwest striking gravity low.
To view a map of the geophysical anomalies and planned 2017 drill target areas, please visit the ALX website at: https://www.alxuranium.com/projects/cluff-lake
About Gorilla Lake
The Gorilla Lake property consists of two contiguous mineral claims totaling 7,552 ha (18,661 acres) within the Carswell Impact Structure in the western portion of the Athabasca Basin, northern Saskatchewan. The Property is held 80% by ALX with Logan Resources Ltd. (TSXV: LGR) having a 20% carried interest. ALX is the operator of the Property. Gorilla Lake is one of ALX’s Cluff Lake group of three contiguous properties adjoining the former Cluff Lake mine site, where over 62 million pounds of U 3 O 8 were extracted during a 22-year operating life through a combination of three open pit mines and four underground mines by predecessor companies of AREVA Resources Canada Inc.
NI 43-101 Disclosure
Technical information in this news release has been reviewed and approved by Sierd Eriks, P. Geo., President and CEO of the Company, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.
About ALX
ALX is a junior uranium exploration company formed in 2015 as the result of a business combination between Lakeland Resources Inc. and Alpha Exploration Inc. ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol “6LLN” and in the United States OTC under the symbol “ALXEF”. ALX is actively exploring a portfolio of prospective properties in the Athabasca Basin, totaling over 140,000 hectares. Technical reports are available on SEDAR (www.sedar.com) for several of the Company’s active properties.
For more information about the Company, please visit the ALX corporate website at www.alxuranium.com or contact Roger Leschuk, Vice President, Corporate Development at Ph: 604.629.0293 or Toll-Free: 1.866.629.8368, or by email: rleschuk@alxuranium.com
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