| Announcement Date: | 2022-06-27 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | ALX Resources Corp. |
| Project name: | Alligator Lake |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 20.32m @ 1.01g/t Au from 36.68m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia–(Newsfile Corp. – June 27, 2022) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) (“ALX” or the “Company”) is pleased to announce results of the 2022 drilling program at the Alligator Lake Gold Project (“Alligator”, or the “Project”) located approximately 165 kilometres (103 miles) northeast of La Ronge, SK, Canada. ALX’s 2022 drill program was planned to follow up the Company’s 2021 drilling along the Broken Hammer Shear Zone, which is prospective for high-grade gold mineralization, and to test targets associated with the interpreted Radiant Shear Zone. ALX completed five (5) NQ-sized diamond drill holes in February 2022, totaling 815.5 metres. The 2022 drill holes were planned to test the Broken Hammer Shear Zone (“BHSZ”) (holes AL22-01, AL22-02 and AL22-03) and historical geophysical anomalies in areas of the Project with no previous drilling (holes AL22-04 and AL22-05). ALX had previously sampled a sulphide-bearing quartz vein in outcrop on the BHSZ that returned 504.0 g/t gold (16.13 oz/ton), and 46.2 g/t silver, by fire assay (see ALX news release dated January 27, 2021). ALX drill holes along the BHSZ completed in 2021 |
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