ALX Resources Corp. Completes Prospecting and Sampling Programs at the Cannon Copper Project, Ontario

Core Insights - ALX Resources Corp. has completed reconnaissance prospecting and sampling programs at its 100%-owned Cannon Copper Project, located in Ontario, Canada, which includes the historic Cannon Copper Mine site [2][3]. Group 1: Prospecting and Sampling Programs - The 2024 prospecting and sampling programs were conducted in two phases during June and August, focusing on collecting mineralized rock samples and applying modern geochemical analysis [3][10]. - A total of 22 rock samples were collected, with a notable grab sample returning 1.44% copper, while results from the August samples are still pending [3][10]. - The programs also involved locating historical drill holes, with 9 successfully identified, and conducting a Soil Gas Hydrocarbon (SGH) sampling survey, which collected 176 samples [3][11]. Group 2: Geophysical Studies - The 2024 studies included Acquired Inductively Induced Polarization (AIIP) and Structural Complexity (SC) analyses, which identified a broad exploration target area around the known mineralized trend [5][6]. - The AIIP processing algorithm applied to 2021 VTEM data revealed subtle effects correlating with low resistivities, particularly in the central region of the project [6][9]. - The SC study outlined a structurally complex target area of approximately 2.9 square kilometers, which is crucial for identifying potential mineral deposits [7][9]. Group 3: Historical Context and Future Plans - The Cannon Copper Project is located in a historically rich copper mining district, with past production from 1966 to 1972, and a historical mineral resource estimate of 415,000 tonnes grading 1.8% copper [14]. - The company believes that the historical mine workings may indicate a larger, unexplored mineralizing system, with plans to identify drill targets and apply for an exploration permit [13][14].