The Gibbons Creek Project (“Gibbons Creek”) 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 2.0 kilometres from the community of Stony Rapids, SK and Provincial Highway 905. Gibbons Creek is prospective for uranium mineralization and hosts a significant gold and platinum group elements (“PGEs”) showing.
Gibbons Creek is situated within the Snowbird Tectonic Zone, a major regional geological structure, and includes several parallel northeast-trending fault zones, as well as cross-cutting structures.