ALX Uranium (TSXV:AL) reported that follow-up radon-in-water sampling has been completed at its Lazy Edward Bay property at the Southern margin of Saskatchewan’s Athabasca basin.
As quoted in the press release:
The Lazy Edward Bay Property (the “Property”) encompasses 18,916 ha (46,741 acres) and is about 55 kilometres west of the Key Lake Mill and historic uranium mine. The Property covers several shallow exploration targets.
Exploration on the Property at the Bay Trend consisted of 143 radon-in-water (RIW) samples collected by RadonEx Ltd. of St-Lazare, Quebec whose Electret Ionization Chamber (EIC) technology has been successful in drill targeting at the Triple R deposit within the Patterson Lake South camp.
The survey was designed to be an extension of the 2014 radon-in-soil program along the conductive corridor of the Bay Trend carried out on land to the southwest. The 2016 reconnaissance-scale survey covered a 1,400 by 450 metre area of Lazy Edward Bay. Grid lines were spaced 200 metres apart with stations spaced 25 metres apart.
The survey resulted in eight highly anomalous one-point samples above 100 picoCuries per litre (pCi/L) including four strong anomalies that are above 200 pCi/L. The anomalous samples are located approximately 200 metres northeast of historical drill hole LE‑50, which returned anomalous uranium in the basement rocks (reported at 908 ppm U3O8). Many of the anomalous radon samples appear to lie along a northeast-striking linear trend in the central portion of the grid which overlies historical conductors found by previous explorers.
“Within the Athabasca Basin, historical results are used to guide exploration that could ultimately produce a new discovery,” stated Jon Armes, President of ALX Uranium Corp. “At Lazy Edward Bay, given the proximity of the highly anomalous radon samples to historical drill hole LE-50; which was never followed up with drilling along strike, the results of this radon survey demonstrate the significant exploration potential at Lazy Edward Bay.”
Click here for the press release.
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