Discovery-style drill targets in the Athabasca Basin
​Today, Stephan Bogner from Rockstone Research published an update ALX Uranium Corp. (TSX.V: AL).
One month ago, 40 pages answered the questions why uranium prices are believed to be ready for a long-term resurgence and why more jaw-dropping uranium discoveries are likely in the Athabasca Basin of Saskatchewan in Canada.
During the last years, ALX Uranium Corp. took advantage of a depressed uranium market and assembled an impressive portfolio of projects with an exclusive focus on the Athabasca Basin. As such the company is believed to be one of the largest owners of underexplored yet prospective land.
These days, the talk of the town is clearly focussed on the PLS (Patterson Lake South) area, where high-grade discoveries have been made over the last few years. Who’s next? Rockstone believes it’s ALX, as those drill targets on its 100% owned Hook-Carter Property (right next to NexGen and Cameco) look impressive to say the least. Follow-up work and/or drilling will start as soon as possible, whereas other properties may see continued exploration as well.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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