ALX Resources Corp. begins follow-up prospecting at Vixen Gold Project, Red Lake

ALX Resources Corp. is pleased to announce that a follow-up prospecting and sampling program is underway at its 100%-owned Vixen Gold Project in the Red Lake Mining District. 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 (37 miles) east of Red Lake. 

Highlights of the 2020 Vixen North Exploration Program

ALX's initial 2020 prospecting program was halted by a major forest fire in August 2020 - however, in their time on the ground ALX geologists were able to identify important geological trends at Vixen North that indicate the presence of iron formation-hosted gold occurrences (see ALX news release dated September 9, 2020). 

The Company highlights the following for its newly-interpreted Vulpin Zone at Vixen North (click on map below):

• A high-resolution airborne survey is underway and to date has collected preliminary data defining an approximate 3,000 metre-long high magnetic trend in conjunction with the Vulpin Zone;
• VLF-EM conductivity data from the current survey shows an electromagnetic ("EM") anomaly coincident with the high magnetic feature;
• ALX geologists plan to traverse the Vulpin Zone with Beep Mats manufactured by Instrumentation GDD Inc., which are portable electromagnetic sensing devices that can locate concealed EM conductors close to surface; 
• Up to 200 additional samples may be collected along the iron formation associated gold mineralization found in August 2020, where previous samples ranged up to 8.41 grams per tonne ("g/t") gold; 
• Other prospecting targets include detailed follow-up of gold mineralization found within a fluorite occurrence southwest of the Vulpin Zone that may represent a genetic phase of porphyry-hosted gold deposition.

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3046/65490_figure1.jpg

Click here to view maps and photos of the Vixen Gold Project.

About ALX's Exploration at Vixen 

After a successful reconnaissance sampling program at Vixen in late 2019, where ALX collected rock samples ranging up to 23.9 g/t gold (0.765 oz/ton) (see ALX news release and photos dated December 12, 2019), ALX carried out a follow-up helicopter-supported, prospecting and sampling program in early August 2020 (the "2020 Program"). Rock samples collected in 2020 at Vixen North ranged up to 8.41 g/t gold, with two of three samples collected in a newly-recognized mineralized zone located in the central part of the property named the Vulpin Zone returning gold values greater than 1.0 g/t. Historical sampling also found significant gold values: 

Vixen Gold Project - Vulpin Zone, 2019-2020 and Historical Gold Results greater than 1.0 g/t Gold

Sample 
NumberYearVixen North 
Sample LocationGold
(grams/tonne)Silver
(grams/tonne)

759272020Vulpin Zone2.050.9

759512020Vulpin Zone8.411.5

7596320201.4 km east of Vulpin Zone1.50-

2955722019Vulpin Zone5.931.3

2955652019Magnetite-Fluorite Showing1.470.9

649692002Vulpin Zone22.732.2

649722002Vulpin Zone5.880.2

649682002Vulpin Zone1.74<0.2-

87JG-1991987Vulpin Zone5.49-

 
During the 2020 Program, gold occurrences were found within gossanous and magnetite-bearing host rocks, leading to the possibility of banded iron formation ("BIF") gold deposits at Vixen, a gold deposit model which has not been historically sought after in the Vixen area. However, the Springpole Gold deposit1 (owned by First Mining Gold Corp.) located six kilometres to the south of Vixen North demonstrates the influence of NNW-trending BIF for hosting gold mineralization confirmed by both surface mapping and the detection of strong magnetic high anomalies observed in a 2004 aeromagnetic survey2. At Springpole, strong evidence exists that gold and associated fluorite mineralization is genetically related to the high-level emplacement of a large, alkaline porphyry intrusive and breccia pipe complex ("APB")3. ALX is currently reviewing the interpreted iron formation and fluorite occurrences at Vixen North to evaluate the presence of an APB gold mineralization model at the Project.

1 Springpole contains a reported Indicated mineral resource estimate of 139.1 million tonnes at 1.04 g/t gold and 5.4 g/t silver, containing 4.67 million ounces of gold and 24.19 million ounces of silver, and an Inferred mineral resource estimate of 11.4 million tonnes at 0.63 g/t gold and 3.1 g/t silver, containing 230,000 ounces of gold and 1.12 million ounces of silver (Source: First Mining Gold Corp., 2020).

2 Preliminary Economic Assessment Update for the Springpole Gold Project, Ontario, Canada, prepared for First Mining Gold Corp. by SRK Consulting (Canada) Inc., November 2019.

3 Technical report on the Springpole Lake Property, Red Make Mining Division, NW Ontario, for Gold Canyon Resources Inc., (Zabey, 2002).

About Vixen and the Red Lake Mining District

To date, the Red Lake Mining District ("Red Lake") has produced over 28 million ounces of gold since mines began production in 1925 (readers are cautioned that mineralization present on adjacent properties may not be present at Vixen). Historic gold mines in the Red Lake camp include the Campbell mine, the Red Lake mine, and the Couchenour-Williams mine, all multi-million ounce gold producers. Vixen lies within the Birch-Uchi greenstone belt, a geological trend located to the northeast of Red Lake that hosts numerous historical gold mines and showings and is highly-prospective for new showings of gold mineralization. The Argosy Mine, located approximately 2.0 kilometres from the Vixen North claim boundary, produced approximately 102,000 ounces of gold from 1934 to 1952. The Springpole Gold Project, operated by First Mining Gold Corp., is located approximately 6.0 kilometres from the Vixen North boundary.

ALX considers Vixen historically underexplored where areas of limited outcrop have inhibited surface exploration and plans to identify new drill targets through detailed prospecting, leading-edge geochemical techniques, and geophysical surveys.

Tags: Northern Ontario / Exploration / Gold / All Articles