ALX, Rio Tinto optimistic with preliminary results from Firebird nickel project
According to the miner, the highly-conductive anomalies found by the survey are complemented by favourable geology, lake sediment geochemistry and in some cases, nearby surface mineralization that could represent an expression of a significant mineralized system on the property.
Firebird is a 20,491-hectare project located near the town of Stony Rapids. The property lies within the Tantato Domain, which forms a segment of the Snowbird Tectonic Zone.
ALX reports that the project hosts a magmatic nickel sulphide mineralizing system that has been underexplored by modern methods until the company acquired it.
Firebird is currently the subject of an option agreement with Rio Tinto Exploration Canada, where Rio Tinto can earn up to an 80% interest in the property.