Alex Metals Corp. has reported the first drill results from its inaugural program at the KSO project in Southeast Alaska, hitting copper- and gold-rich volcanogenic massive sulphide (VMS) mineralization at the Khayyam target. Six of eight first-pass holes returned VMS mineralization; results for one hole remain outstanding.
Strong Near-Surface Intercepts at Khayyam
Hole KY26-009 returned the headline interval: 11.7 metres grading 1.71% copper and 1.92 g/t gold, including 6.4 metres of 2.29% copper, 2.95 g/t gold and 1.03% zinc. Hole KY26-007 cut 24.2 metres grading 1.05% copper and 0.61 g/t gold, including 8.0 metres of 2.25% copper and 0.96 g/t gold. Hole KY26-001 returned 5.4 metres grading 2.27% copper and 1.52 g/t gold (4.25% copper equivalent), while KY26-008 intersected 15.9 metres of 0.50% copper and 0.65 g/t gold, including 2.7 metres of 1.24% copper and 2.22 g/t gold.
The program was designed to test below outcropping massive sulphide. At surface, massive sulphide outcrops as eight lenses of pyrite, chalcopyrite, magnetite, pyrrhotite and sphalerite over a 70-metre stratigraphic interval and along 300 metres of strike.
“Striking multiple intervals of semimassive to massive sulphide with strong copper and gold grades in a first test of a new target is rare and promising,”
said Gwen Preston, Alex Metals’ president and CEO.
New Triple G Target Discovered
A 2025 SkyTEM electromagnetic survey outlined conductive anomalies at Khayyam and Stumble-On, and identified a large new target two kilometres west of Khayyam, now named Triple G. There are no historical records of mineralization around Triple G, but Alex Metals’ field work found several massive sulphide and sulphide stringer outcrops, siliceous horizons interpreted as exhalites, and the largest region of VMS-related actinolite-garnet alteration identified on the property. Four holes drilled from two pads tested the target; results are pending.
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2026 Program and What’s Next
Alex Metals completed a first-pass 3,058-metre drill program at KSO over two months, along with prospecting, mapping, a UAV magnetic and photogrammetry survey, ground and drillhole electromagnetic surveys, and soil and channel sampling. Drill results from Stumble-On and Triple G are still pending, and the company says the new data will guide further exploration.
The company also completed its inaugural 3,138-metre drill program at the Wodski project, where results from the Mad Dog prospect are pending, while mapping and geophysical surveys continue at the Frenchie project on Zarembo Island ahead of a planned inaugural drill program in 2027. The KSO project covers 1,413.6 hectares in Southeast Alaska. The release’s technical information was reviewed by Darwin Green, chairman, a qualified person under NI 43-101.
