Interesting reading, courtesy of Boot
posted on
Jul 29, 2009 11:02PM
A Canadian-based junior exploration company with a focus on lithium exploration, with an initial priority project in Sonora, Mexico.
Alix Resources is a junior exploration company seeking opportunities in energy and precious metals. They have both wholly and partially owned portfolio of precious and base metals properties in Alaska and Nunuvut. The company is listed on the TSX venture exchange und the symbol AIX.V and the Frankfurt Exchange under the symbol 37N.
Alex Resources has several gold, silver and coal plays. Of interest is the recent purchase of Yukon Property adjacent claims to Underworld resources White Gold Area in Alaska. They have additionally agreed to a joint venture with Cloudbreak Resources to do preliminary geologic exploration of these claims.
The 100% owned Arcadia Bay project represents an Archean lode-gold deposit located on the Arctic Ocean in Canada’s Nunavut territory, west of Bathurst Inlet and 140 kilometres west of Miramar Mining’s Hope Bay greenstone belt. The Property has a historic resource estimate of 640,650 tons averaging 7.2 g/t gold (containing about 148,000 oz. gold) in the North Central Vein and 139,524 tons averaging 8.6 g/t gold (or 38,600 contained oz. gold) in the Fred Vein have been reported. These resource estimates were completed prior to 2001 and NI 43-101, have not been independently audited and should therefore not be relied upon.
The property is located in the prolific Cape Nome mining district about 27 miles (45 km) north of Nome, Alaska. Access to the property is via the Nome-Taylor highway, which crosses over the eastern boundary of the 3520-acre claim block.
Is a gold – copper project is located on the Alaska Peninsula of southwestern Alaska approximately 200 miles southwest of Anchorage, Alaska. Limited exploration in the 1960s and the 1990’s identified high-grade copper and gold mineralization associated with intrusive breccias controlled by a north-northwest trending structural zone.
The coal dispositions sit between the Wapawekka Lake and the Adamas discovery. It has been noted that historical data and reports suggest that coal is present to the north edge of the cretaceous rock sequence along the shores of Wapawekka Lake to the north of the Adamas discovery. These reports further suggest that the Wapawekka outcrop is likely associated with a larger deposit to the south. The Adamas intercept is directly south of Wapawekka Lake along the low-lying basin adjacent to the south east of the Narrow Hills Uplands.
Recent Developments: Alix and Cloudbreak purchased more White Gold Area land.
Share Structure
Common Shares Issued 61,182,688
Common Share Options 4,170,000
Common Stock Warrants 29,260,903
Fully Diluted Share Capital 94,613,591
BoardMembers
Michael England
David Hedderly-Smith
David J. Lajack
John G. Oness
Pierre Vella-Zarb
Senior Management
Michael England - President & CEO
Olga Nikitovic - CFO
Fianances USD
Recent Quarter: http://www.alixresources.com/docs/fs20090430.pdf
Cash and cash equivalents40,300$
Deficit approximately 4M.
Company IR http://www.alixresources.com/docs/pub_200811_starphoenix.pdf
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