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ALX Resources Corp. provides winter exploration update for Thunder Bay project

Feb 9, 2022

ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to update its shareholders on the status of its mineral exploration programs, both planned and underway, in Saskatchewan and Ontario.

The Electra Nickel Project ("Electra") is located approximately 35 kilometres northwest of Thunder Bay, Ontario, Canada in a fertile exploration district well-linked to highways, roads and trails, and near a powerline and the Canadian National Railroad. Electra consists of 190 cell units totaling approximately 4,066 hectares (10,047 acres) and is prospective for nickel-copper-cobalt, platinum group elements, and gold. ALX has the option to earn a 100% interest in Electra after fulfilling payment obligations of cash and common shares, and exploration expenditures (see ALX news release dated December 31, 2020.

In the fall of 2021, ALX developed new drill targets at Electra from the integration of the results of a 2021 VTEMTM airborne survey with a follow-up prospecting and geological mapping program. In November 2021, the Company applied for a drilling permit to the Ontario Ministry of Northern Development and Mines (the "MNDM") for eight drill holes totaling approximately 1,750 metres (see map below). Geophysical programs consisting of downhole and ground electromagnetic surveys are also in application. Local First Nations and Metis communities have received ALX's 2022 drilling plan from the MNDM and the Company looks forward to successful engagement in February 2022 leading to its receipt of the exploration permit, which would allow the work to begin in March 2022. 

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Electra 2022 Drill Hole Plan with Down Hole EM Loops

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To view maps and photos of Electra click here

The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., a Director of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

About ALX

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's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical. 

ALX is an active explorer with interests in a number of uranium exploration properties in northern Saskatchewan, including 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) as operator of exploration since 2016.

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