new technologies lead to new discoveries · 2021. 1. 16. · january 2021 | tsxv: al | fse: 6lln |...
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JANUARY 2021 | TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxresources.com
New Technologies Lead to New Discoveries
Vixen Gold Project, Red Lake Mining DistrictOntario, Canada
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Forward‐Looking Statements: This presentation has been prepared by ALX ResourcesCorp. (“ALX”) using its best efforts to realistically and factually present the informationcontained herein. However, subjective opinion, dependence upon factors outside ALX’scontrol, and outside information sources unavoidably dictate that ALX cannot warrantthe information contained to be exhaustive, complete or sufficient. In addition, manyfactors can affect the presentation which could significantly alter the results intended byALX, rendering the presentation unattainable or substantially altered. Therefore,interested readers should conduct their own assessment and consult with their ownprofessional advisors prior to making any investment decisions.
This presentation does not constitute a prospectus or public offering for financing, andno guarantees are made or implied with regard to the success of ALX’s proposedventures.
Technical information has been prepared in accordance with the Canadian regulatoryrequirements set out in National Instrument 43‐101 and reviewed on behalf of theCompany by Sierd Eriks, P.Geo., President and Chief Geologist, who is a QualifiedPerson.
TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxresources.com2
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ALX Investment Highlights• ALX holds projects in some of the world’s most attractive
mining districts, including the Vixen Gold Project, the Electra Nickel Project, and the Cannon Copper Project in Ontario, nickel‐copper‐cobalt, gold and uranium projects in Saskatchewan, and the Draco VMS copper‐zinc project in Norway
• Rio Tinto Canada Exploration Inc. option on the Firebird Nickel Project in SK was announced in August 2020. Rio Tinto can earn up to an 80% interest for $12.0 million in expenditures and $125,000 in cash payments to ALX
• ALX has a 20% interest in the Hook‐Carter Uranium Project in SK, located on the Patterson Lake Trend, with 80% holder Denison Mines Corp. funding ALX’s share of the first $12.0 million in expenditures on the property – total expenditures are $6.7 million to date
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Corporate Structure:
TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxresources.com
Strong Board/team with a successful track record in mineral
exploration, marketing, finance and corporate governance
Shares Outstanding: 152,240,778Stock Options: 11,450,000Warrants: 76,048,269
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52-week TSXV trading range : $0.015 - $0.10
(as of Oct. 20, 2020)
Officers, Directors and Management
Warren StanyerCEO and Chairman
R. Sierd Eriks, P.Geo.President and Chief Geologist
Jody Dahrouge, B.Sc., P. Geol.Director
Dr. Howard Haugom, B.A., M.A., Ph.D.Director
David Miller, B.S., Reg Prof GEO WYDirector
Jean‐Jacques GautrotDirector
Patrick Groening CPA, CACFO
Christina BoddyCorporate Secretary
Roger Leschuk, CIM, FCSIManager, Corporate Communications
Charles Roy, P.Eng., P.Geo.Chairman Technical Committee
Ken Wasyliuk, M.Sc., P.Geo.Technical Advisor
Dr. Larry Hulbert D.Sc., P.GeoTechnical Advisor
Working Capital: $1.1 million(as Dec.31, 2020)
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ALX Projects in Canada
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Vixen Gold Project ‐Red Lake Mining District, ON
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• Vixen is located approx. 60 km east of Red Lake where >28 million oz. of gold have been produced since 1925
• Within ~10 km of the SpringpoleGold Project –hosts an Indicated resource of 4.67 million ounces gold (First Mining Gold Corp., November 2019)
Red Lake, ON
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Vixen Gold Project – Ontario
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• Vixen North lies within the Birch‐Uchi greenstone belt, which has been underexplored with modern technology
• In Oct. 2020, ALX flew a high‐resolution airborne magnetic and VLF‐EM survey at Vixen North to define possible iron formation host rocks
• ALX 2019 and 2020 site visits confirmed prospective geology and surface gold mineralization
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Vixen Gold Project ‐ Ontario
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Vixen Gold Project ‐ Ontario
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• The VulpinZone lies within a high magnetic feature with rock samples ranging up to 22.73 g/t gold
• Magnetite‐Fluorite gold showing may be surface expression of Springpole‐type genetic
• model
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Inco’s ShebandowanMine: 9.29 million tons mined at 1.75% Ni, 0.88% Cu, 0.063% Co and 1.83 g/t PGEs
Electra Nickel Project ‐ ON
Electra Nickel Project
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Electra Nickel Project ‐ ON
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Rare spinifex textures in the komatiite
Komatiite showing at Electra grading ~1.0% Nickel
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Cannon Copper Project ‐ ON
ALX staked new claims in 2021
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• A rich mineral endowment: high‐grade uranium, gold, and base metals
• Uranium: over 900 million pounds U3O8 produced since 1975
• Gold: over 1.6 million ounces produced at the Seabee Gold Operation, operating since 1991
• Base Metals: Cu‐Zn mines at SK‐MB border have produced for 90 years
• Fraser Institute gave SK Top Ten ranking in 2019
Saskatchewan’s Bounty
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USA
Canada
Saskatchewan
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ALX’s Saskatchewan ProjectsALX projects in SK include:
Firebird NickelFlying Vee
Sceptre Gold Day Lake (Flying Vee)
Hook‐CarterBlack LakeNewnham Lake Lazy Edward BayCarpenter Lake
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Firebird Nickel & Flying VeeNickel‐Copper‐Cobalt Projects
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• Firebird Nickel and Flying Veeeach host Ni‐Cu‐Co showings and/or deposits
• Staking rush began in the Spring of 2019
• Neighbours include Kobold Metals & UEX Corporation
Kobold Metals
Firebird Nickel Project
UEX
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Firebird Nickel Project
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A Rare Opportunity for ALX• In 2019‐2020, ALX acquired
20,400 ha. at its 100% owned Firebird Nickel Project, which hosts three Ni‐Cu‐Co deposits
• Deposition and mineralization style compares “remarkedly” to Voisey’s Bay Ni‐Cu‐Co deposits (C. Normand, 2015)
• Firebird is near infrastructure, including an all‐weather road and airport, both within 10 km of the property
• Rio Tinto has recognized Firebird’s potential and can earn up to an 80% interest
Site visit: Currie Lake outcrop, Oct. 2019
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Firebird Nickel Project
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Axis Lake• Discovered in 1929 from aerial
survey. Approx. 7,800 m of drilling,prior to ALX’s acquisition of theproperty, outlined a magmatic Ni‐Cu sulphide deposit
Rea Lake• Mineralization was found in 1929
and “rediscovered” in 1970 fromfollow‐up of an airborne EMsurvey. Over 2,800 m of drilling hasoutlined a sill‐hosted Ni‐Cu deposit
Currie Lake• First trenched and sampled in
1953 ‐ subsequent drilling until1965 outlined a Ni‐Cu‐Co deposit
Historical Ni‐Cu‐Co deposits*
* Not compliant with NI 43‐101 – Source: Gov’t of SK
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Firebird Nickel Project
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Data Mining: Bringing Historical Data into a Digital World
Axis Lake East Ni‐Cu‐Co deposit, Placid Oil, 1965(hand‐drawn)
Axis Lake East deposit, ALX, 2019(Leapfrog model over magnetics)
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Firebird Nickel Project
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Voisey’s Bay Nickel‐Copper‐Cobalt deposits: Hundreds of thousands of metres of exploration, metallurgical and geotechnical drilling delineated the deposits, their feeder dykes and conduits
500m long x 250m wideX 100m thick at centre
1500m long x 100‐200m wide x 50‐100m thick
1600m long x 50m wide x 20‐70m thick
Voisey’s Bay:Size & Shape
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Firebird Nickel Project
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• Firebird was dormant for over 10 years – no work!
• ALX is applying modern exploration techniques to a rare, undeveloped magmatic nickel sulphide deposit
• High‐grade nickel was located in surface rock samples from ALX’s first site visit in October 2019
• Soil samples also showed coincident Nickel and Copper anomalies over an airborne conductor
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Firebird Nickel Project
21Drill set‐up for holes FN20‐001 and FN20‐002
2020 Firebird Winter Drilling Program
• Three holes were drilled totaling 600 metres
• Nickel mineralization was intersected in two of the three holes
• Drilling was suspended in late March 2020 due to COVID‐19 concerns
• Drill targets from 2020 VTEM survey funded by Rio Tinto are now in development
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Firebird Nickel Project
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23.78 m grading 0.36% Nickelincl. 10.61 m of 0.55% Nickel and 2.05 m of 0.90% Nickel and 0.19% Copper
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Hummingbird Gold Project‐ SK
Pine Channel Gold Showings
Area
Hummingbird Gold Project
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Sceptre Gold Project ‐ SK
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ALX acquired Sceptre by staking in 2020 ‐ 12 claims totaling 6,226 hectares (15,384 acres)• Greenstone belts northwest
of Sceptre host the Seabee‐Santoy gold mine – over 1.6 million ounces of gold produced since 1991
• Historical gold showings at Sceptre in grab samples ranged up to 16.06 g/t gold
• The Sceptre project area is underexplored and ALX plans surface exploration in 2020 to assess regional potential
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Draco VMS Project ‐ Norway
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• ALX staked 100% owned claims totaling 5,959 hectares in May 2019 at low cost following its study of surface mineral showings, deposits and historic mines
• Historical airborne survey data was reprocessed with modern modeling techniques
• Anomalous trends were identified that could host new zones of VMS‐style mineralization.
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Draco VMS Project ‐ Norway
263‐D magnetic modelling from airborne data
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ALX’s Current2021 Exploration Objectives
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• Vixen Gold Project: Drilling program planned at Vixen North
• Firebird Nickel Project: Drilling new Ni‐Cu‐Co targets located from VTEM™ Max survey
• Electra Nickel Project: VTEM™ survey planned – first modern airborne survey over property
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TSXV: AL | FSE: 6LLN | OTC: ALXEF | www.alxresources.com
ALX RESOURCES CORP.Phone: 604.629.0293Toll Free: [email protected]
Warren StanyerCEO & [email protected] Leschuk, CIM, FCSI Manager, Corporate Communications [email protected]
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