Greg Klein reports that a company with a number of front-running projects in the Athabasca Basin vying for flagship status, ALX Uranium, announced another round of drilling has begun at Gibbon Creek. The 13,864-hectare property on the Basin northern margin will get six to eight shallow holes totaling around 1,200 to 1,500 meters, according to the December 1 statement.
The campaign follows extensive work that included last winter drill results of 0.13% U3O8 over 0.23 meters within 333.8 ppm over 1.1 meters, starting at 106.8 meters. That intercept occurred in a gravity low about 500 metres south of the current target. Three other holes also returned uranium values while another found strongly anomalous geochemical pathfinders at the edge of the large radon anomaly and gravity low targeted for this program, ALX stated.
The gravity low overlaps the 1,200-metre by 500-metre radon anomaly that has returned some of the Basin highest radon measurements and coincides with a resistivity low. Previous air and ground EM surveys identified a central conductor within the gravity and resistivity lows. With overburden only about 15 meters deep and depth to the unconformity usually less than 70 meters, holes will reach less than 200 meters in depth. Work is planned to take about three weeks.
The target area sits about three kilometers from a highway, near the community of Stony Rapids. The news comes during an especially busy period for ALX, which was created with overwhelming shareholder approval for the combination of Lakeland Resources and Alpha Exploration. Last month ALX announced its intention to exercise a 100% option on the southern Basin Kelic Lake, thanks to preliminary drill results that warrant more drilling. Additional highlights in the ALX portfolio include Carter Lake and Hook Lake, which together host about 15 kilometers of untested corridors on strike with the Patterson Lake South, Arrow and Spitfire discoveries.
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