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Alix Resources Corp (3)
Symbol AIX
Shares Issued 51,081,941
Close 2016-09-20 C$ 0.06
Market Cap C$ 3,064,916
Recent Sedar Documents

Alix samples up to 1.33 wt. % Li2O at La Corne 2

2016-09-20 10:13 ET - News Release

Mr. Michael England reports

ALIX ANNOUNCES SIGNIFICANT LITHIUM ASSAY VALUES ON THE LA CORNE 2 PROPERTY (WEST CANADA LITHIUM), QUEBEC

Alix Resources Corp. has provided significant lithium values from its preliminary channel sampling of newly discovered spodumene-bearing granitic pegmatites dikes exposed in the southern part of the company's La Corne 2 property located adjacent and on strike with the Chinese-based Jilin Jien Nickel Industry Co. Quebec lithium mine property, in the Preissac-Lacorne area, Abitibi, Quebec.

Significant lithium concentrations obtained from three sites are reproduced in the table.

Sample No.   Site   Li2O (wt. %)

274-A          1        1.05    
274-B          1        1.33    
209            1        0.28    
257            2        0.66    
260-3          2        0.86    
267            2        0.74    
164            3        0.51    

RB Energy, the former owner of the Quebec lithium mine, reported measured and indicated resources of 29.3 million tonnes grading 1.19 per cent Li2O and 20.9 million tonnes of inferred resources grading 1.15 per cent Li2O, respectively (source: NI 43-101 technical report filed by Canada Lithium on SEDAR, June 8, 2011).

Mike England, president and chief executive officer of Alix Resources Corp., commented: "With the receipt of strong lithium values in our newly discovered spodumene dike showings, less than 1,700 metres from a former lithium producer, is very encouraging. The company is fast-tracking a diamond drill program to test multiple spodumene showings, with permitting initiated and drill contractors being contacted."

Dr. Michael Boily, the company's qualified person, summarized: "Preliminary investigations show the two principal sites (1 and 2) 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 m along strike, whereas the other area presents a dike or dikes striking 127 degrees with a length of 130 m. 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."

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

We seek Safe Harbor.

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