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Alix Resources Corp

Exchange: TSXV Exchange | Oct 21, 2017, 3:34 PM EDT

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Alix Discovers Lithium Mineralization on Property Adjacent to North American Lithium’s Producing Mine




Alix Discovers Lithium Mineralization on Property Adjacent to North American Lithium’s Producing Mine



Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces the results from a 1300 m drill program recently completed on the Preissac-Lacorne Lithium Portfolio. Drilling was performed by Jourdan Resources Inc (JOR-TSXV) who hold an option to earn up to 75% of the project.

 

The centre of the drill program is 1.5km northwest of the adjacent Quebec Lithium Mine owned and operated by North American Lithium. The adjacent mine announced commercial production of spodumene concentrate on June 2, 2017 with production targeted for the Chinese market.

 

A total of 1300 m of drilling was completed in 11 drill holes on the Preissac-Lacorne Lithium Portfolio.

 

Spodumene bearing dykes have been visually identified in all holes other than WL17-02, WL17-03 and WL17-11.

 

Map 1 - Drill Hole Location

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

 

Table 1: Drilling Results from 2017 Program  

Hole

From (m)

To (m)

Length (m)

Li2O%

WL17-01

50.70

54.15

3.45

0.18

 

86.25

87.15

0.90

0.14

WL17-02

NSA

     

WL17-03

NSA

     

WL17-04

72.00

73.50

1.50

0.22

 

78.75

80.15

1.40

0.24

including

78.75

79.75

1.00

0.28

 

160.00

162.60

2.60

0.19

including

160.50

161.00

0.50

0.49

 

175.65

176.20

0.55

0.50

WL17-05

11.80

15.20

3.40

0.25

including

11.80

12.35

0.55

0.50

WL17-06

12.80

15.00

2.20

0.43

including

13.40

14.50

1.10

0.76

WL17-07

17.00

29.45

12.45

0.24

including

19.00

21.45

2.45

0.59

including

22.40

24.00

1.60

0.27

including

27.20

28.35

1.15

0.22

WL17-08

30.00

33.10

3.10

0.25

 

48.65

48.95

0.30

0.78

 

173.75

174.65

0.90

0.74

WL17-09

49.80

51.65

1.85

0.40

 

56.20

56.40

0.20

0.33

 

96.65

97.05

0.40

0.35

WL17-10

14.00

14.70

0.70

0.48

WL17-11

NSA

     

WL17-12

11.80

12.30

0.50

0.64

 

All samples have been sent to SGS Canada Inc. facilities in Lakefield, Ontario (“SGS”) for analysis by Inductively Coupled Plasma methods.  These laboratories are recognized by the industry and accredited ISO/MEC 17025 by the Standards Council of Canada.  In addition to the quality assurance and quality control (“QA/QC”) employed by SGS, Jourdan Resources develops a rigorous QA/QC protocol for its operators, including the insertion of analytical standard samples, duplicates and coarse silica blanks on a systematic basis.  To determine the QC warning, ±2x Std. Dev., and QC failure ±3x Std. Dev. were used. QC results did not highlight any significant analytical bias.

 

Yves Caron, M.Sc., P.Geo., and Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this press release.

 

About Alix Resources

 

Alix Resources is a junior mining exploration company focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.

 

ON BEHALF OF THE BOARD

 

Michael England

                                                                       

Michael England, President, CEO, 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/alix09152017.pdf

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

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