FACT-N-FICTION

[Lexit]

GLXI "Partial Preliminary" survey.

It shouldn't be much of a surprise that without a 43-101 they had to resort to something.

Sorry, this one's a bit long winded, however it gets interesting at the end.

The PR states a large group of scattered properties:

Indice L. 24M/02 (Anomaly 3A-2) 0,5% U covering 3 meters 1843L
of U Metal
Lac Castor 24M/03 0,15% U covering 4.5 meters
and 0,33% on 1 meter

Sedimentary basins Paleoproterosoic_Sakami formation

Lac Gayot (Fearless one) 33M/15 0,1 % U Covering 15 meters
and 0,25% on 15 meters
Ferme Nord 24C/07 110 to 13900 ppm U
Otel 24C/08 0,1% U308 Covering 1 meter
Eagle 24C/08 0,017% U308 Covering 2.2 meters
Kish 24C/08 1189 ppm U308
Adelaide U 24E/16 0,22% U308 Covering 2 meters
Chioak 24L/01 0,1% U308 Covering 4,8 meters

Superior Province
Ganiq 33G/13 0,77% U308 Covering 8 meters
Apple 32F/02 0,05% U308 Covering 15,5 meters
Maro 33F/10 17,36% U308 610ppm U Covering 17 meters


http://www.marketwire.com/mw/release_html_b1?release_id=243200

A "preliminary" examination leaves me with the impression they lifted the information out of 2004-2005 Quebec Government reports:

http://www.mrnf.gouv.qc.ca/english/mines/quebec-mines/2005-11/2005-11.asp

In Québec, several types of uranium deposits are known (Clark and Wares, 2004; Sidex 2004; SIGEOM-Gîtes; Boily and Gosselin, 2004; Gosselin et al., 2003; Masse, 1974):

Sandstone-hosted stratiform deposits of sedimentary origin (Sakami Formation [e.g., Lac Gayot (Fearless One)
and Lac Bert deposits];

Chioak Group in the Labrador Trough [e.g., Chioak showing]);

Unconformity-related deposits, like those of the Athabaska Basin (e.g., Rivière Camie and Lac du Castor deposits in the Otish Basin);

Finally, the surge in the price of uranium has revitalized exploration to a point unequalled since the mid-1980s. Various outliers of the Sakami Formation, the Rupert River area and the sedimentary sequences of the Otish Mountain basin are highly prospective areas for the discovery of uranium.

Reference

Clark, T.- Wares, R. 2004 – Lithotectonic and Metallogenic Synthesis of the New Québec Orogen (Labrador Trough). Ministère des Ressources naturelles, de la Faune et des Parcs, Québec; DP-2004-02, CD-ROM accompanied by a map at a scale of 1:500,000 and the catalogue of mineral deposits.

http://www.mrnf.gouv.qc.ca/english/mines/quebec-mines/2006-10/potential.asp

Just a "preliminary" of course, because you would want to compare the NTS Map references in the PR to Gestim, would you not ?

Locations announced in today's PR are: 24M02, 24E/16, 24M03 , 24C07, 24C08, 24L01, 33G13, 32F02, 33F10, 33M15,

Of these, GLXI has only mentionned two NTS Map locations in PR's:

33 Uranium Cell claims at 31J14

http://biz.yahoo.com/prnews/070320/to288.html?.v=45

222 Uranium Mining Claims at 24L01

http://www.marketwire.com/mw/release_html_b1?release_id=209466

The Chioak Formation near Tasjujaq claims that were announced in March 07 would be 24L01:

http://news.corporate.findlaw.com/prnewswire/20070302/02mar20070945.html

Other Govermnent documents:

http://www.mrn.gouv.qc.ca/english/publications/mines/potential/2005-1d.pdf
http://www.mrn.gouv.qc.ca/english/publications/mines/potential/2006-1d.pdf
http://www4.banq.qc.ca/pgq/2004/2902123/2005-11.pdf
http://www4.bnquebec.ca/pgq/2004/2902123/2006-10.pdf

The most interesting being this one:

These mineralized zones are also associated with the presence of syn-sedimentary faults. The uranium mineralization
is essentially composed of pitchblende. Most known showings of this type are associated with the Lac Gayot outlier
(Sakami Formation). Following work done in 2005 in order to comply with National Instrument 43-101 regarding the disclosure of a mineral
resource, Strathmore Minerals Corporation (project 1, Figure 1A; Table 1A) released an inferred resource estimate
for the Dieter Lake deposit of 21.42 Mt grading 0.057% U3O8 (equivalent to 24.42 million pounds of uranium). The company’s
estimate is based on drilling data by Uranerz released in the early 1980s. Uranium occurs as pitchblende within a shale
and wacke unit of the Sakami Formation.

http://www.mrn.gouv.qc.ca/english/publications/mines/potential/2006-1a.pdf

Table 1A of the 2006 report lists the neighbouring Uranor claims:

24 L/01 Uranor Inc. Chioak U
24 E/16 Uranor Inc. Adelaïde

Another Government report listing 24 E/16 URANOR Inc. Adelaïde and Lac Gayot entry also reveals simlarities to today's GLXI PR:

Outliers of Paleoproterozoic detrital rocks overlying the Archean basement of the Superior Province host uranium mineralization.
The most signifi cant occurrences are conformable and hosted in greenish argillaceous sediments located near the
Archean/Proterozoic unconformity (Clark and Wares, 2004). The uranium mineralization occurs in sedimentary formations
indicating reducing conditions at the base of the Sakami Formation. These mineralized zones are also associated with the
presence of synsedimentary faults. The uranium mineralization is essentially composed of pitchblende. Most known showings
of this type are associated with the Lac Gayot outlier (Sakami Formation).

In 2005, Strathmore Minerals Corporation (project 2, Figure 1A-1; Table 1A-1) conducted exploration work and
geological mapping on its Dieter Lake property (Gayot outlier), in order to validate previous data acquired by other companies
between 1976 and 1981 and build a new geochemistry database complementing historical data, to identify new geochemical
targets and to define subsequent drill targets. Mineral resources for the Lac Gayot deposit are estimated at 50 Mt at 0.1% U3O8,
or 10 to 15 Mt at 0.25% U3O8 (Fearless One; Marcoux, 1981; deposit file).

http://www.mrn.gouv.qc.ca/english/publications/mines/potential/2005-1a.pdf

Interestingly, one 43-101 report comes up for one of today's GLXI PR claims and that would be Kish 24C/08

However, the Kish 24C/08 claim belongs to Uranium Star and Yukon Resources:

http://www.uraniumstar.com/download/Sagar_NI43_101_FInal.pdf
http://www.yukonresources.com/download/Sagar_NI43_101_FInal.pdf

better known as the Sagar Property:

http://www.uraniumstar.com/projects-sagar.htm

This is just a "partial preliminary" review of today's GLXI "partial preliminary" ....