On June 10, 2021, ALX announced that it had received an exploration permit for Gibbons Creek. The exploration permit, good to October 2022, allows for a 5,000-metre drilling program in up to 20 holes along with ground-based geophysics, prospecting and geochemical sampling. Access to the property is year-round, thereby creating a flexibility for either summer or winter exploration programs.
ALX reviewed its extensive archive of geophysical and geochemical data from historical work to identify new target areas at Gibbons Creek. Several geophysical conductors at the Project identified by airborne and ground geophysics have not yet been drill tested. ALX plans to carry out a Spatiotemporal Geochemical Hydrocarbons (“SGH”) soil geochemistry survey over the untested conductors to determine the most prospective areas for drilling. SGH is an analytical method developed by Actlabs of Ancaster, Ontario that is designed to detect subtle geochemical anomalies emanating from a buried source. Work is anticipated to begin in the Third Quarter of 2021 following engagement with First Nations and other local communities.