dcsimg
Home > Market Activity > Get Quotes > News > News Article

Alix Resources Corp

Exchange: TSXV Exchange | Jul 23, 2017, 2:42 PM EDT

AIX
$ 0.035 real time data No Change
Change:
0.00 (0.00%)
Volume:
20,000
Real-time price
Day Low 0.035
Day High 0.035


 Back
,
Drilling at Quebec Lithium West Property Visually Identifies Spodumene -Bearing Dykes in Nine out of Eleven Holes




Drilling at Quebec Lithium West Property Visually Identifies Spodumene -Bearing Dykes in Nine out of Eleven Holes



Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased announce a 1300 meter drill program has been completed on the Quebec Lithium West property. The centre of the drilled area is 1.5km northwest of the adjacent Quebec Lithium Mine owned and operated by North American Lithium which, on June 2, 2017, announced commercial production of spodumene concentrate with production targeted for the Chinese market.

 

A total of 1311 meters were completed in 11 drill holes with spodumene-bearing dykes visually identified in all holes with the exception of holes WL17-02 and WL17-05.

 

Table 1: Drillhole Target, Claims, Location, Azimuth, Dip, and Length

 

Hole Number

Target

Claim Number

*Easting

*Northing

Elevation

Azimuth

Dip

Length

WL17-01

S-W dyke

2438613

289464.43

5366594.24

392.3

235°

-45°

103 m

WL17-02

S-W dyke

2438612

289543.08

5366519.53

391.9

235°

-45°

99 m

WL17-03

S-W dyke

2438612

289608.1

5366465.14

389.5

235°

-45°

99 m

WL17-04

N-E dyke

2438612

289709.21

5366582.36

382.6

55°

-45°

204 m

WL17-05

N-E dyke

2438742

289825.43

5366566.03

383

55°

-45°

74 m

WL17-06

N-E dyke

2438742

289825.43

5366566.03

383

55°

-55°

42 m

WL17-07

N-E dyke

2438742

289825.43

5366566.03

383

55°

-65°

60 m

WL17-08

N-E dyke

2438742

289838.23

5366525.6

386

55°

-45°

174 m

WL17-09

N-E section

2438742

289856.67

5366477.5

387.6

55°

-45°

147 m

WL17-10

N-E section

2438742

289922

5366511.03

354.3

55°

-45°

150 m

WL17-11

N-E section

2438742

289978.16

5366547.23

383

55°

-45°

159 m

Total

             

1311m

*UTM NAD 83, Zone 18

 

To view the graphic in its original size, please click here

Photo 1. Photo highlighting pegmatite dykes, often spodumene-bearing, in hole WL17-07 showing core from 2.6 m to 30.5 m downhole.

 

“The success of this drill program being right next door to the recently re-opened North America Lithium mine is very meaningful. Additionally, our current work program in Nevada, where we have identified some of the highest grade lithium in clays found in the state, plus the ongoing work in Mexico at Agua Fria beside Bacanora Minerals, marks an exciting time for Alix shareholders.” Stated Mike England, President of Alix Resources.

 

Core samples are currently at SGS Lakefield laboratory and being processed. Results are expected in less than four weeks.

 

The technical contents of this release were approved by Dr. Michel Boily, PhD, geo, a qualified person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

 

About Alix Resources

Alix Resources is a junior exploration project generator focused on acquiring advanced lithium properties in excellent mining jurisdictions. Alix continues to evaluate suitable prospects that fit the mandate of the Company.

 

ON BEHALF OF THE BOARD

 

Michael England

                                                                       

Michael England, President, Director

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/alix06082017.pdf

Source: Alix Resources Corp. (TSX Venture:AIX)

To follow Alix Resources Corp. on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

 

Copyright © 2017 Filing Services Canada Inc.





Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.