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Alix Resources Corp (3)
Symbol AIX
Shares Issued 50,581,941
Close 2016-09-08 C$ 0.065
Market Cap C$ 3,287,826
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Alix Resources discovers four Li zones at La Corne 2

2016-09-09 09:04 ET - News Release

Mr. Mike England reports

ALIX DISCOVERS 4 NEW LITHIUM MINERALIZED ZONES ON THE LA CORNE 2 (WEST CANADA LITHIUM) LOCATED IN THE PREISSAC-LACORNE AREA IN ABITIBI, QUEBEC

Alix Resources Corp.'s exploration program has revealed four new mineralized zones located in the southern part of the La Corne 2 property where spodumene-bearing granitic pegmatite dikes are exposed. The property is located adjacent and on strike with the Chinese-based Jilin Jien Nickel Industry Co. Quebec lithium mine property.

Mike England, president and chief executive officer of Alix Resources, commented: "This discovery is very significant for Alix as it gives us a clear indication that we have mineralized lithium zones on our property and provides clear guidance on our exploration program. These mineralized dikes appear to be along strike of the past-producing Quebec lithium mine. Our business model is to acquire and explore lithium assets which have historical lithium resources or are near past producing. Once we have received the assay results from our recent grab and channel sampling program, we will determine our next steps which will likely include more detailed mapping and geophysical surveys to unveil further mineralized zones followed by a drilling campaign on the more prospective targets."

The initial program consisted of preliminary mapping of the principal exposed lithologies with an emphasis on granitic pegmatite dikes. Grab and channel sampling of spodumene-bearing granitic pegmatite dikes and other potential lithium-bearing pegmatites was conducted.

Based on the positive geological observations from the recent program, the company is fast-tracking the permitting of a maiden phase 1 diamond drill program on these targets.

Two principal sites are characterized by spodumene-rich, moderately to steeply dipping dikes, or a principal anastomosed dike. One area exposes a dike, or a series of dikes, striking 310 degrees and extending for 230 metres along strike, whereas the other area presents a dike, or dikes, striking 127 degrees with a length of 130 metres. The new pegmatites sites are situated along the northwestern extension of the Quebec lithium mine spodumene-rich dike swarm. The spodumene-bearing dikes present a similar mineralogy to that of their Quebec lithium counterparts: quartz, feldspar, spodumene, biotite-muscovite, with accessory pink-yellow garnet, colombo-tantalite and molybdenite. Grab and channel samples of the lithium-mineralized dikes were submitted to the ALS Chemex laboratory, in Val d'Or, Que., and the results are pending.

The technical contents of this release were approved by Dr. 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.

About Alix Resources

Alix Resources is a junior mining exploration company with active lithium projects in Nevada, Mexico and Ontario.

We seek Safe Harbor.

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