Total
0
Shares
CanAlaska Uranium (TSXV:CVV) raises over $1M in first placement tranche
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • ALX Resources (AL) has acquired eight additional claims at the Vixen Gold Project in Ontario's Red Lake Mining District
  • The eight claims comprise 162 hectares within the Vixen South claim block
  • ALX paid C$2,500 cash and 200,000 common shares to an arm's-length vendor for a 100 per cent interest in the claims
  • The company will pay a 1.5 per cent net smelter returns royalty to the vendor which it can purchase for C$1.5 million
  • ALX considers Vixen historically underexplored where areas of limited outcrop have inhibited surface exploration
  • ALX provides shareholders with opportunities for discovery through a portfolio of gold, nickel, copper and uranium properties
  • ALX Resources (AL) is down 5.26 per cent and is currently trading at C$0.09 per share

ALX Resources (AL) has acquired eight additional claims at the Vixen Gold Project in Ontario's Red Lake Mining District.

The eight claims comprise 162 hectares within the Vixen South claim block.

ALX paid C$2,500 cash and 200,000 common shares to an arm's-length vendor for a 100 per cent interest in the claims.

The company will pay a 1.5 per cent net smelter returns royalty to the vendor which it can purchase for C$1.5 million.

The company's wholly-owned Vixen Gold Project consists of three sub-projects totaling 10,230 hectares staked within the Birch-Uchi greenstone belt. It is located approximately 60 km East of Red Lake, Ontario.

ALX considers Vixen historically underexplored where areas of limited outcrop have inhibited surface exploration.

The company will utilize detailed prospecting, leading-edge geochemical techniques and geophysical surveys to identify new drill targets.

ALX provides shareholders with opportunities for discovery through a portfolio of gold, nickel, copper and uranium properties.

The company holds interests in over 200,000 hectares of prospective lands in Saskatchewan and Ontario.

ALX Resources (AL) is down 5.26 per cent and is currently trading at C$0.09 per share as of 3:38 pm ET.

More From The Market Herald
Blue Star Gold (TSXV:BAU)  updates its drill program at the Ulu and Hood River projects and the exploration campaign on the Roma Project

" Blue Star Gold (TSXV:BAU) updates its drill program at the Ulu and Hood River projects

Blue Star Gold (BAU) has provided an update on its 2021 drill program at the Ulu and Hood River Projects.
Adyton Resources (TSXV:ADY) begins trading on the OTCQB market

" Adyton Resources (TSXV:ADY) confirms Fergusson Island exploration potential

Adyton Resources (ADY) has confirmed the exploration potential of its Fergusson Island projects.
Blue Thunder Mining (TSXV:BLUE) prepares for drilling in Québec

" Independence Gold (TSXV:IGO) updates British Columbia project exploration

Independence Gold (IGO) is updating exploration progress at its 3Ts Project in British Columbia.
Revival Gold - President and CEO, Hugh Agro - The Market Herald Canada

" Revival Gold (TSXV:RVG) completes initial stage of 2021 heap leach test work

Revival Gold (RVG) has completed the initial stage of the company’s 2021 heap leach metallurgical test work program for the Beartrack-Arnett Gold Project.