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ALX Resources resumes exploration at Hydra Project in James Bay, Quebec

Oct 26, 2023

ALX Resources Corp. is pleased to announce the remobilization of its lithium exploration crew to the Volta sub-project area ("Volta") of the Hydra Lithium Project ("Hydra") located in the Eeyou Istchee-James Bay region of Quebec. Hydra is the subject of a 50%-50% joint venture between ALX and Forrestania Resources Limited of West Perth, Australia ("Forrestania", ASX: FRS) formed to explore for lithium-cesium-tantalum ("LCT") bearing pegmatites, with ALX as operator.

2023 Hydra Exploration Summary

Prospecting at Hydra has been subjected to several delays and restrictions since work began in early June 2023. The initial program was suspended after only four days due to forest fires and could not be restarted until early September 2023. The second phase of exploration was also suspended on September 15, 2023 due to the onset of moose hunting season by the Cree Nation of Wemindji, which lasted until October 15, 2023. 

With winter weather fast approaching, ALX made the decision to return to the James Bay region in the time remaining, since Volta had received only limited exploration in 2022 and was not accessible to ALX this season due to a lack of accommodations for its geological personnel.

In early September 2023, ALX carried out an airborne Light Detection And Ranging ("LiDAR") and orthophoto survey at Volta to improve the quality of the imagery used for pegmatite exploration. LiDAR can provide detailed and high-resolution topographical information from the analysis of laser pulses emitted from the sensor and the subsequent return signal. A sample of the better topographical definition is observed in the images below: (Left) Orthophoto aerial view of Volta and (Right) LiDAR image of the same scene with vegetation removed, where fault structures are clearly visible.

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Figure 1

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The helicopter-assisted prospecting work at Volta is aided by remote sensing studies optimized for pegmatite detection. Surface mapping and sampling is planned to continue for up to a week, or for as long as weather conditions allow. Results will be released upon their receipt, compilation and interpretation.

About Hydra 

Hydra consists of eight sub-projects totaling 29,262 hectares (72,306 acres) known as Volta (4,751 ha.), Echo (5,566 ha.), Nike(2,462 ha.), Sprite (3,437 ha.), Cobra (4,249 ha.), Viper (1,280 ha.), Python East (3,218 ha.) and Python West (4,298 ha.), located within a fertile lithium exploration district that hosts the James Bay, Rose, Whabouchi and Corvette lithium deposits, and numerous other lithium showings.

The Hydra sub-projects were originally selected for staking based upon the presence of historical lithium, cesium and tantalum lake sediment anomalies and by a review of public-domain geological mapping. The application of remote sensing and artificial intelligence studies for pegmatite detection is ongoing to prioritize target definition for surface prospecting.

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