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  • ALX Resources Corp. (AL) receives geochemical results from drilling at the Firebird Nickel Project in Saskatchewan
  • The drilling program was fully-funded by ALX’s exploration partner Rio Tinto Exploration Canada Inc. with ALX as operator
  • A total of 739.5 metres was completed in four helicopter-supported diamond drill holes
  • Sulphide mineralization was intersected in three of the four completed drill holes, but no significant nickel-copper-cobalt geochemical values were encountered
  • Additional land purchases and acquisitions by staking in 2019 and 2020 has increased the size of the Project to approximately 20,491 hectares
  • ALX Resources Corp. (AL) is down 8.70 per cent, trading at C$0.10 at 9:37 am ET

ALX Resources Corp. (AL) has received geochemical results from a diamond drilling program at its Firebird Nickel Project in Saskatchewan.

The drilling program was fully funded by ALX’s exploration partner Rio Tinto Exploration Canada Inc. with ALX as operator.

The Firebird 2021 exploration program began during the first week of June with a ground-truthing program of geophysical anomalies that were detected in the airborne VTEM™Max survey completed in October 2020.

A total of 739.5 metres was completed in four helicopter-supported diamond drill holes. Ground geophysical surveys were carried out on three targets to improve the definition of the conductive anomalies detected in the 2020 airborne survey.

Sulphide mineralization was intersected in three of the four completed drill holes, but no significant nickel-copper-cobalt geochemical values were encountered in the mineralized intervals.

Other highly-conductive targets from the 2020 airborne survey remain to be tested at Firebird and additional drilling is recommended. ALX will update its shareholders on future exploration plans at the Project as information from its optionee Rio Tinto becomes available.

ALX owns 100 per cent of Firebird, subject to 2.0 per cent net smelter returns royalties on certain claims acquired from arm’s-length vendors to the company. ALX acquired its first claims at Firebird during a staking rush in May 2019.

Additional land purchases and acquisitions by staking in 2019 and 2020 have increased the size of the project to approximately 20,491 hectares.

Firebird is currently the subject of an option agreement whereby Rio Tinto can earn up to an 80 per cent interest in Firebird by incurring exploration expenditures of $12.0 million over a six-year period and by making a total of $125,000 in cash payments to the company.

The 2020 airborne survey successfully delineated several new anomalous zones of strong conductivity in the northern part of Firebird where no modern airborne survey had ever been flown and high-grade nickel is present on the surface.

For example, in July 2020 ALX sampled up to 2.43 per cent nickel in surface grab sampling in the Wiley Lake target area and up to 1.31 per cent nickel in outcrop drilling using a portable backpack drill.

ALX and Rio Tinto personnel identified high-priority anomalies from the VTEM™survey results based on their strong conductivity and coincident high magnetic responses, which suggested the presence of sulphides and subsequently developed drill targets for the summer of 2021.

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol “AL”, on the Frankfurt Stock Exchange under the symbol “6LLN” and in the United States OTC market under the symbol “ALXEF”.

ALX Resources Corp. (AL) is down 8.70 per cent, trading at C$0.10 at 9:37 am ET.

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