ALX Uranium (TSXV: AL) announced that it acquired mineral claims prospective for copper-zinc-gold-silver mineralization at its 100%-owned Draco project located in the Grong mining district of central Norway.

In a media statement, ALX said that it staked 10 claims totaling approximately 5,959 hectares, following its study of surface mineral showings integrated with historical airborne magnetic and electromagnetic survey data, which identified trends that could represent potential zones of volcanogenic massive sulfide style mineralization.

The miner also said that Draco consists of three sub-projects, namely, Valkyrie, comprised of six claims totaling 4,350 hectares, with target areas located approximately 9 kilometres WSW of the past-producing Joma mine; Vektor, comprised of two claims totaling 796 hectares with target areas located approximately 5 kilometres NNW of the past-producing Gjersvik mine; and Fero, comprised of two claims totaling 813 hectares, with target areas located approximately 1 kilometre from the Skiftesmyr VMS deposit.

“Four mines have operated in the area (Stekebjokk, Skorovas, Joma, and Gjersvik) with a total production of 24.5 million tonnes in the period 1952 to 1998,” the press release reads.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 27958.00 0.20%
S&P 500 3143.08 0.09%
NASDAQ 8669.62 0.15%
TSX 16996.97 0.84%
TSX-V 537.82 0.00%

Resource Commodities

Name Last Change
Gold 1463.10 0.23%
Silver 16.60 0.12%
Copper 2.71 2.711
Platinum 901.00 0.67%
Oil 59.20 1.30%
Natural Gas 2.33 3.98%
Uranium 25.80 0.00%