Gibbons Creek

The Gibbons Creek property consists of 7 claims owned 100% by ALX totaling 13,864 hectares that straddle the northern margin of the Athabasca Basin.The property is less than 3 kilometres from the community of Stony Rapids, Saskatchewan and Provincial Highway 905. The property is on the northern margin of the Athabasca Basin and situated west of the Snowbird Tectonic Zone, a major regional structure, and includes several parallel fault zones.

• Prospecting confirmed the presence of high-grade uranium boulders of up to 4.28% U₃O₈
• A land-based radon survey identified one of the highest reported RadonEx values recorded to date for the Athabasca Basin (9.93 pCi/m²/sec)
• Drill Hole GC15-03 intersected 0.13% U₃O₈ over 0.23 metres

• Approximately 20 km west of the Nisto Uranium Zone.
• Approximately 60 km east of the Fond du Lac Deposit.

2013

• Prospecting, DC-Resistivity and Radon survey
• Prospecting confirmed high-grade uranium boulders up to 4.28% U₃O₈
• A land-based radon survey identified one of the highest reported RadonEx values recorded to date for the Athabasca Basin at 9.93 pCi/m2/sec
• 38 kilometres of DC-Resistivity surveys identify a robust resistivity-low trend

2014

• Surface sampling on the northern portion of the property
• A total of 73 rock samples and 124 soil samples were collected from in and around an uplifted basement block in the northeastern portion of the property, immediately north of the margin of the Athabasca Basin. Anomalous concentrations of gold (up to 5.7 g/t Au), platinum group elements (0.75 g/t PGE’s), rare earth elements (up to 6.9% TREO) and highly anomalous uranium; suggest the presence of a robust hydrothermal system.

2015

• Lakeland (a predecessor of ALX Uranium Corp.) completed a drilling program totaling 2,550 metres (14 holes) in March 2015 and followed up with an additional 1,005 metres (7 holes) in December 2015. A ground gravity survey was completed in February 2015 and extended in October 2015 to expand encouraging results.
• The gravity survey identified a saddle-like depression centered within a gravity high located directly beneath the central portions of a radon anomaly.
• Drill Hole GC15-03 intersected 0.13% U3O8 over 0.23 metres, within a 1.1 metre interval of 333.8 ppm Uranium immediately below the sub-Athabasca unconformity.
• Drill hole GC15-06 encountered strongly altered basement lithologies including strongly hematized quartz-carbonate-chlorite alteration and brecciation. Anomalous geochemical pathfinders (U, B, Ni, Co, Cu) were also present.
• Drill Hole GC15-12 intersected anomalous uranium (297 ppm), nickel (793 ppm), copper (230 ppm) and boron (800 ppm).

2017

• Geotech Ltd. performed a 1,044 line kilometre airborne Z-Axis Tipper Electromagnetic (ZTEM) survey over the most prospective areas of the Gibbons Creek project and the adjacent Black Lake project.