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ALX Resources completes inaugural drill program at Electra near T Bay

May 13, 2022

ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the completion of the inaugural drilling program at its Electra Nickel Project located 35 kilometres northwest of Thunder Bay, Ontario, Canada. The Company has the right to earn a 100% interest in Electra according to the terms of an option agreement signed in December 2020 (see ALX news release dated December 31, 2020).

2022 Exploration Program

The 2022 exploration program began in mid-March 2022 with the opening of winter trails and mobilization of a diamond drill to the drill sites. The network of established forestry roads within Electra provided good access to the target areas and six of the eight planned holes were completed for a total of 1,155 metres drilled. Two targets remain undrilled because of warming weather conditions that exposed creeks and other wetlands, which impeded surface access. 

Drill core logging indicates that the immiscible magmatic sulphide segregation process is present at Electra. Sulphide mineralization was intersected in all six holes, mainly pyrite, pyrrhotite, chalcopyrite and sphalerite within mafic/ultramafic rocks, volcanic breccia and intermittent graphitic shale zones (see core photos below). Rare spherical concentrations of pyrite were observed in several zones in hole ELEC22-02 that suggest the hole could lie proximal to a volcanogenic massive sulphide ("VMS") vent. Other alteration minerals were observed such as fuschite, and possible vaesite and violarite. A portable X-ray fluorescence ("XRF") device indicated the presence of nickel, copper and zinc in the drill core.

Tags: Northern Ontario / Exploration / Minerals / All Articles