Agoracom: Small Cap Investment - Alix Resources Corp - Alix announces the discovery of a lithium-bearing, clay-rich etc.

Welcome To The Alix Resources Corp HUB On AGORACOM

A Canadian-based junior exploration company with a focus on lithium exploration, with an initial priority project in Sonora, Mexico.

Reply New Message

Back To Forum List View

Moneytospend

Rank: Vice President [?]

Points: 11424 [?]

Votes: 188 Score: 3.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Alix announces the discovery of a lithium-bearing, clay-rich etc.

posted on Jan 22, 2016 03:35PM

January 6th, 2016, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces the discovery of a lithium-bearing, clay-rich showing in a sequence of sedimentary-volcanic rocks located on the Company’s northern Tecolote Concession, which adjoins Bacanora Minerals Ltd. (BCN-TSX:V) and Rare Earths Minerals PLC (REM)’s Buenavista concession located in Sonora, Mexico.

Alix’s Tecolote Concession, located approximately five kilometres NNE of Bacanora/REM’s Buenavista Concession, yielded samples moderately to strongly anomalous in lithium, with highlights including 211.0, 162.5, and 71.2 ppm Li. Comparably, historical lithium values discovered by US Borax (RTZ subsidiary) on the northern part of the Buenavista Concession ranged from 121 to 276 ppm Li, with higher lithium values (+1,000 ppm Lithium) found in the central portion of the concession (see Bacanora 43-101 at http://www.bacanoraminerals.com/reports/pdf/ni43101sonora.pdf).

Alix is also pleased to report the discovery of sedimentary beds on its Tule Concession similar to, on trend and correlating with, geological units which host Bacanora’s La Ventana deposit (see PR dated December 10, 2015). The exploration program completed by Alix on the property in December included sampling which returned moderately anomalous lithium values from the portion of the concession area that Alix has prospected to date.

Mike England, President of Alix states, “The lithium numbers from the clays on our Tecolote Concession are consistent with historic sampling carried out by US Borax (which first discovered lithium in the area) on the northern part of the Buenavista Concession, now currently held by Bacanora/REM. This is an important discovery for Alix as it shows we have encountered indicators similar to those seen on the Buenavista lithium concession.”

The technical contents of this release were approved by Mr. Case Lewis., a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.