12:54:27 EDT Wed 24 Apr 2024
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Alix Resources Corp (3)
Symbol AIX
Shares Issued 51,281,941
Close 2016-10-19 C$ 0.065
Market Cap C$ 3,333,326
Recent Sedar Documents

Alix samples up to 1,190 ppm Li at Electra

2016-10-20 08:27 ET - News Release

Mr. Michael England reports

ALIX PROVIDES NEW DATA ON THE AGUA FRIA LITHIUM-RICH CLAY ZONE WITHIN THE ELECTRA PROJECT, SONORA, MEXICO

Alix Resources Corp. has provided a follow-up on the exploration work carried out on the new Agua Fria lithium-rich clay discovery that constitutes part of the Electra project, Sonora, Mexico.

The lithium-bearing sediments have now been traced along strike for approximately 4.5 kilometres with maximum widths up to 800 m.

Results from 35 additional samples yielded values ranging from 235 to 1,190 parts per million lithium and averaging 625 ppm Li, with three assay values over 1,000 ppm. The high lithium concentrations are associated with grey- and white-coloured clay-rich sedimentary beds dipping shallowly to the east and capped with basaltic flows. This sequence is similar to that found on the nearby La Ventana property held by Bacanora and REM.

The continuing work at Agua Fria will help better understand the geological setting and outline the sites of high-grade lithium mineralization lying within this important assemblage of lithium-bearing sediments.

Mike England, president of Alix, stated, "We are pleased to have found higher grades and increased the size of the new Agua Fria discovery and are very excited to keep advancing the property."

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.

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