Energy

ALX Uranium (“ALX” or the “Company) (TSXV: AL; FSE: 6LLN; OTC: ALXEF) is pleased to announce it has completed a deep-penetrating induced polarization/resistivity (“IP/resistivity”) survey during April and May 2017 at its Newnham Lake uranium property (“Newnham Lake”, or the “Property”) located in the northeastern Athabasca Basin, Saskatchewan, approximately 75 km east of Stony Rapids. …

ALX Uranium (“ALX” or the “Company) (TSXV: AL; FSE: 6LLN; OTC: ALXEF) is pleased to announce it has completed a deep-penetrating induced polarization/resistivity (“IP/resistivity”) survey during April and May 2017 at its Newnham Lake uranium property (“Newnham Lake”, or the “Property”) located in the northeastern Athabasca Basin, Saskatchewan, approximately 75 km east of Stony Rapids.
The 2017 ground IP/resistivity survey consisted of 85.5 line-kilometres along 23 cross lines and 14.5 line-kilometres along two longitudinal lines for a total of 100.0 line-kilometres across the most prospective areas outlined by previous work. This survey method is capable of imaging conductive/resistive horizons to approximately 700 metres depth.
The two longitudinal lines were run along the north and south conductive trends to obtain 3D IP/resistivity data. This will produce 3D coverage in roughly a 500 metre wide corridor along the north and south conductive trends and will enable better resolution of crosscutting structural features in the vicinity of the conductive trends.
Sierd Eriks, President and CEO of the company, said:

“ALX is looking forward to receiving the final 3D interpretation of this leading-edge technology at Newnham Lake. The 3D interpretation will enable us to define crosscutting structures and faults in order to generate drill targets along the north and south conductors.
The integration of historical results with our current work will provide us with excellent targets to explore for structurally controlled, basement-hosted uranium deposits in an upcoming drilling program this summer.”

Click here to read the full text release.

Featured

MARKETS

Markets
TSX21205.16-69.41
TSXV900.87+10.01
DOW35028.65-339.82
S&P 5004532.76-44.35
NASD14340.26-166.64
ASX7332.50-76.30

COMMODITIES

Commodities
Gold1842.11+3.69
Silver24.20+0.11
Copper4.50+0.03
Palladium2028.50+48.00
Platinum1040.00+23.00
Oil86.55-0.41
Heating Oil2.60-0.03
Natural Gas4.00-0.03

DOWNLOAD FREE REPORTS

×