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Alix Resources Corp (3)
Symbol AIX
Shares Issued 38,850,481
Close 2016-04-27 C$ 0.075
Market Cap C$ 2,913,786
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Alix to send Jackpot samples to lab, Australia

2016-04-28 11:00 ET - News Release

Mr. Michael England reports

ALIX COMPLETES SAMPLING PROGRAM AT JACKPOT LITHIUM PROPERTY, ONTARIO

Alix Resources Corp. has completed an initial sampling program at its Jackpot lithium property located in the Georgia Lake area within the Thunder Bay mining division, Ontario.

Approximately 90 kilograms of spodumene-bearing pegmatite rocks were collected from the surface and will be sent to the laboratory for assaying. At the request of Lithium Australia NL (LIT) an additional five to 10 kg sample will be shipped to Australia for testing using LIT's proprietary LIT's proprietary Sileach process.

Lithium was first discovered in 1955 at the Jackpot property in granitic pegmatites. The property covers the Jackpot lithium deposits, described by E.G. Pye in a 1965 report published by the Ontario Department of Mines on the Georgia Lake area. The deposits were tested by a total of 32 holes drilled in 1955 by Ontario Lithium Company Ltd. and its associated company Conwest Exploration Co. Ltd. The drilling confirmed the presence of at least two spodumene-bearing pegmatite bodies, one at the surface (No. 1) and the other (No. 2) lying directly beneath the No. 1 deposit. Historical resources at Jackpot, comprising only the No. 2 dike pegmatite zone, was reported as two million tonnes at 1.09 Li2O estimated in 1956 by Ontario Lithium Company Ltd.* The No. 2 pegmatite dike, which was discovered by diamond drilling, was intersected at 30- to 100-metre intervals over a strike length of 215 metres and at 30- to 60-metre intervals over a distance of 365 metres across strike. Dike No. 2 is four to 20 metres thick, averaging 11 metres.

* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the National Instrument 43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM definition standards on mineral resources and mineral reserves. The explanation lies in the inability by the company to verify the data acquired by the various historical drilling campaigns. The company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

President and chief executive officer Michael England commented: "We look forward to getting feedback from Lithium Australia with regards to samples collected from the Jackpot lithium project. We are also eager to commence work at our Electra lithium project in Mexico."

Managing director, Adrian Griffin of Lithium Australia NL, states: "Lithium chemical production, from spodumene, needs to be accomplished without roasting, to get into the lowest cost quartile. That's what the Sileach process is all about. We will strive to give the Jackpot project the best possible process options, and that will start with Sileach evaluation."

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

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