ALX Resources (TSX-V: AL) CEO Warren Stanyer on Results from Prospecting and Sampling Program at Vixen Gold Project in Ontario
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the Chairman and CEO of ALX Resources (TSX-V: AL)(OTC: ALXEF), Mr. Warren Stanyer. Warren, you keeping busy?
Warren Stanyer: I would say it's a little bit busy, yeah. We're at the tail end of, call it, the fall exploration season. Everything's jammed in because we have had an early winter here in Canada. I don't know about what's happening in the US, in all places, but the chill came and snow and ice came about two weeks early. So we did manage to get a lot done though.
Gerardo Del Real: Let's go over what you were able to accomplish. You had some news yesterday. I'm outlining of course, that you're starting to receive the first analytical results from the 2020 prospecting and sampling program at the 100%-owned Vixen Gold Project. I know the data is important as you head towards drilling, I believe, hopefully in November. Is that accurate?
Warren Stanyer: No, we're filing a permit in November.
Gerardo Del Real: Got it.
Warren Stanyer: We have to wait till it freezes up. There's a period of time where you want the lakes to have a certain amount of ice, et cetera, et cetera.
Gerardo Del Real: There you go. So the permit will be filed in November. Let's go over the data really quick, Warren, because I thought there were a lot of interesting takeaways. Of course, the most interesting that the non-geologist type like myself is real keen on is the 17.7 grams per tonne gold from outcrop and historical trenches. That's the flashy number. But there's a lot of data you received that leads me to believe that it should be a pretty interesting drilling campaign once that kicks off.
Warren Stanyer: Yeah. The 17.7 grams was found at a second showing on Vixen North that we visited before. But the more time we spend on the ground, the more we find. So we're pretty excited.
Gerardo Del Real: You've also collected samples ranging up to 7.21 grams per tonne gold. I can't help but look at the map there, you have gold showings over a pretty broad area. Can you provide a bit of context on that, Warren?
Warren Stanyer: What we're doing right now is just trying to put all the pieces together here of what other people didn't really recognize. I think, as I've said before, in Ontario especially, people in the '30s, '40s, '50s, '60s when gold was between say $18 and $35 US an ounce, they were looking for 15, 20, 30 grams on surface, I guess if Hemlo was on surface, those kinds of occurrences. What's happened with the gold price going the way it goes, then all of a sudden these showings that other people abandoned and ignored suddenly make a big difference.
One example is Probe Mines being bought out by Goldcorp a few years ago for over $400 million. The only thing that was found on surface by Noranda was 1 gram of gold. So they didn't think it was that significant. But what happened was that 1 gram of gold went down into the ground for 100 meters at a time and for quite a long strike length, which was proved by geophysics. With the VTEM survey, they were able to trace the gold zone and ended up with multi-millions of tonnes – I guess I'll have to look at the statistics for that.
But what we're doing here, we know that our gold zone is not necessarily traceable with EM. But with magnetics, we can see a very, very high magnetic zone and these gold occurrences are along this zone. That's the whole purpose of integrating the airborne survey with the groundwork and then coming up with our best drill targets for the winter.
Gerardo Del Real: And you're still processing the final data from the airborne survey, correct?
Warren Stanyer: Yes. We haven't even received it all yet. We've got some preliminary and we can see basically it's going to be higher resolution than what we already had from 1992 data that we processed. It was quite wide-spaced. This is 100-meter spacing. It's a nice spacing to see the detail and then understand where the little structures are that can be the traps for gold mineralization.
Gerardo Del Real: You mentioned in the press release, of course, submitting the permit application for drilling and also consulting with the local communities. How is that coming along?
Warren Stanyer: It's coming along very well. I had experience in this area with another company years ago and I met a man who has done a lot of work for the Springpole Gold Project in terms of road building, camp building, drill expediting. That person has offered to help us in this process, map our routes into Vixen North, and also he has close ties to the local community.
Basically if you have friends in the area, it definitely helps expedite what you're doing, because it's all about trust. If they trust our friend and associate, then they trust us. That's basically what we're doing in the mining business. We are earning the trust of people and you only have one chance to do it. So that's our plan here.
Gerardo Del Real: And it's critical, so I'm glad that you take it as seriously as you and the team takes it. Next steps, Warren? You want to provide a brief summary of what we can expect next?
Warren Stanyer: Well, in ALX we've got a few things that we haven't discussed yet. We've got a couple of gold projects in Saskatchewan that. Two we're evaluating, another nickel project we're evaluating. A hundred percent owned gold project that we're evaluating. Those things are all in the hopper. We have to decide what to do with them.
With Vixen, as we know, we've got the drill permit application coming up and we hope to be drilling sometime in the new year when there's enough ice. And you have to, I would hesitate say pray for that, but you certainly don't want a warm slushy winter because then that'll affect your ability to access and we'd rather not use helicopters. This area is very well known for its trails and pathways into these areas.
Then with Firebird Nickel, we just completed an airborne survey there with Rio Tinto as our partner and well, there's some very interesting things that we're just evaluating right now. So I can't really get into it, but let's just say that when you use the modern tools on an old property, you see things that nobody ever saw before.
Gerardo Del Real: Well, I'm looking forward to having you back on to be able to speak on some of those things that you can't speak to right now. Thank you so much for your time Warren, I appreciate the update.
Warren Stanyer: Thank you, Gerardo. All the best to you and your family.
Gerardo Del Real: Same your way. Thanks a lot.
Warren Stanyer: Thank you. Bye bye.