Stocks in Play: ALX Uranium Corp.
11:10 AM EST - ALX Uranium Corp. : Announced reconnaissance sampling results from an October 2019 site visit to its 100%-owned Vixen Gold Project located in the Red Lake Mining District of Ontario. Vixen consists of three sub-projects totaling 10,069 hectares (24,880 acres) staked within the Birch-Uchi greenstone belt and is located approximately 60 kilometres east of Red Lake, Ontario.
A total of 78 rock samples were collected within the Vixen North property from six locations that were chosen following ALX's review of historical exploration data. Crews were transported daily by helicopter to the sites where historical trenches and reported mineral occurrences were located.
Both mineralized and unmineralized samples were collected to obtain geochemical signatures at each of the target areas. Four rock samples returned significant values of gold with anomalous silver, including a sample comprised of 80% quartz veins/flooding with 20% host metabasalt that returned 23.9 grams/tonne (0.765 oz/ton) gold. ALX Uranium Corp. (V.AL) shares were unchanged at 0.04.