ALX Resources announces that it has entered into an option agreement with Rio Tinto Exploration Canada Inc. on the Company’s Falcon Nickel Project, located near the town of Stony Rapids at the terminus of Highway 905 in northern Saskatchewan.
Due to a naming conflict with another Rio Tinto mineral exploration project located in the province of Saskatchewan, ALX and Rio Tinto have mutually agreed to change the name of the Falcon Nickel Project to the Firebird Nickel Project.
The project comprises 68 claims, which are fully owned by ALX. The size of the project is now approximately 20,500ha.
ALX CEO and chairman Warren Stanyer said: “ALX welcomes this exploration partnership with Rio Tinto, one of the world’s largest and most innovative mining and exploration companies.
“The Rio Tinto option agreement provides a strong endorsement of ALX’s geologic vision for Firebird. We look forward to upcoming exploration plans and to unlocking the potential for new high-grade nickel-copper-cobalt discoveries at the project.”