Gibbons Creek consists of seven mineral claims encompassing 13,864 hectares, located along the northern margin of the Athabasca Basin immediately west of the community of Stony Rapids.
Prospecting in 2013 confirmed the presence of high-grade uranium-bearing boulders
ALX reports that the project shows potential for unconformity-style or deeper, basement-hosted uranium mineralization and that prospecting in 2013 confirmed the presence of high-grade uranium-bearing boulders ranging up to 4.28% U3O8.
“Radon surveys in 2015 by a predecessor company of ALX detected an anomaly approximately 1,200 metres by 500 metres in size with peak radon values ranging between 4.00 picocuries per square metre per second and 10.77 pCi/m2/sec at ten locations, which are among the highest recorded radon values in the Athabasca Basin,” the media brief states.
