Alex Metals (ALX.V) is nearing the completion of its first full summer exploration season in Alaska, where it has assembled a project portfolio of three properties (Wodski, Frenchi and KSO). Capital raises that were completed earlier in the year allowed the company to hit the ground running, completing in excess of 6,000 meters of drilling. The field program allowed the company to test four targets on two projects, while the remainder of the field program consisted of additional mapping, sampling and geophysical surveys, including on the project that was not drilled this summer (Frenchie).
Ale completed 3,058 meters of drilling in 16 holes at KSO where three targets were drill-tested. The Wodski project was the subject of 3,138 meters of drilling in 13 holes.
Assay results are of course still pending, and we will continue to keep an eye out to see the company’s progress.
Disclosure: The author has a small long position in Alex Metals. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
