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ALX Uranium Acquires Nickel, Copper And Cobalt Claims At Axis Lake, Saskatchewan

Mining News - Published on Mon, 17 Jun 2019

Image Source: DigiGeoData
ALX Uranium Corp announced that it has acquired claims prospective for nickel, copper and cobalt mineralization totaling approximately 7,169 hectares 17,714 acres at its Falcon Nickel Project located in the northern Athabasca region of Saskatchewan. The Company staked 25 claims during a staking rush in late May 2019 in the historic Axis Lake area, and added to its land position by purchasing a single claim from an arms-length vendor at the Rea Lake deposit located southeast of Axis Lake. The centre of the Project is located approximately 14 kilometers northwest of Stony Rapids, Saskatchewan within the Tantato Domain, otherwise known as the East Athabasca Mylonite Triangle, which forms a segment of the Snowbird Tectonic Zone.

A long history of exploration beginning in 1929 discovered numerous Ni-Cu-Co showings within Falcon’s boundaries, including approximately 900 meters of interpreted strike length of the Axis Lake deposit. Also located within the Falcon claim group is an estimated 1,500 meters of interpreted strike length of the Rea Lake deposit as well as the entire known extent of the Currie Lake deposit.

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Posted By : Sanju Moirangthem on Mon, 17 Jun 2019
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