ALX prospecting at Argo uranium project in Saskatchewan

ALX Uranium (TSXV: AL) just launched a ground prospecting program at its 100%-owned Argo project located in Saskatchewan’s Athabasca Basin. 

In a press release, ALX said that the program is designed to follow-up a high-sensitivity airborne radiometric survey flown in 2018 that identified several areas of anomalous radioactivity, including certain spot anomalies that could represent the presence of radioactive boulders. 

The team that is currently in the field is using last year’s ground coordinates to locate the anomalies.

Argo consists of five claims totaling 17,393 hectares that cover a prospective area between the ALX’s Kelic Lake project to the west and Cameco’s Centennial uranium deposit and Dufferin uranium zone to the east. 

The project was the subject of airborne and ground geophysical surveys in the mid-2000s, which ALX re-interpreted in 2018 using new geophysical modeling programs that were not available at the time of the historical surveys. 

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 27851.20 0.11%
S&P 500 3134.63 0.07%
NASDAQ 8632.30 0.19%
TSX 16923.90 0.16%
TSX-V 536.56 0.00%

Resource Commodities

Name Last Change
Gold 1470.18 0.45%
Silver 16.80 0.83%
Copper 2.76 2.756
Platinum 901.00 0.67%
Oil 59.24 0.37%
Natural Gas 2.26 1.41%
Uranium 25.80 0.00%