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Alix Reports 3,762 Ppm Lithium at White Basin, Nevada
by @fscwire on May 15, 2017
Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to report it has begun exploration at its 100%-held White Basin lithium property in Nevada. The White Basin property includes 25 unpatented mineral claims comprising 500 acres and is located roughly 75 kilometers northeast of Las Vegas. Sampling on the property has returned values as high as 3,762ppm Li from six composite samples of the Horse Spring Formation. The Horse Spring Formation is Oligocene-Miocene in age and includes clay-rich, altered volcanic units with historic reports of elevated lithium (Brenner-Tourtelot and Glanzman, 1978, Energy 3, 255-262). Sampling by the Company has confirmed elevated lithium with results provided in the table below.
Sample Number
UTM Easting/Northing*
Description
Lithium, ppm**
S#2:LV
721505/4026514, 721486/4026659, 721515/4026804,
721698/4026819, 721775/4026607
Five sampling sites of calcareous playa lake units of Horse Spring Fm., collected by digging 30cm into the formation surface, then homogenized before assay.
3,762
S#1.LV
717621/4026824, 717551/4027292, 717725/4027010, 717608/4027443, 717889/4027073, 717989/4027010, 718130/4026836
Seven sampling sites of calcareous playa lake units of Horse Spring Formation, collected 30cm into the formation surface, then homogenized before assay.
2,093
S#3-LV
721322/4026892 to
721267/4027094
Sampling sites of calcareous playa lake units of Horse Spring Formation, collected 30cm into the formation surface, then homogenized before assay.
1,549
LV#8
721689/4026618
Calcareous Horse Spring Fm., from an outcrop ledge.
878
LVJH#1
721505/4026467
Calcareous Horse Spring Fm., collected from a drainage exposure.
838
LVJH#2
721613/4026625
Calcareous Horse Spring Fm., collected from a drainage exposure.
310
*UTM Zone 11S. **Lithium assays were obtained by arc spectrometry at Reed Laboratories (Carlsbad, CA) from 100mg aliquots. Standards and blanks were not included with the samples.
Alix President Michael England states, “We are very pleased that preliminary sampling of the White Basin property is demonstrating economic lithium potential. These results are some of the highest grades in Nevada. Based on these positive results our field crew continues to systematically sample the property, with additional results expected in the coming weeks.”
The Company is also pleased to announce the appointment of Dr. Tom E. McCandless as Technical Advisor to Alix. Dr. McCandless has over 35 years of mineral exploration experience including eight years in lithium exploration. He is president of MCC Geoscience Inc. and also holds the position of Adjunct Professor in Geochemistry at the University of Arizona and University of Alberta.
The technical contents of this release were approved by Dr. Tom E. McCandless, P.Geo., Technical Advisor to Alix and a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report and Dr. McCandless has not verified the technical data disclosed in this release.
About Alix Resources
Alix Resources is a project generator in the junior mining exploration business focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.
ON BEHALF OF THE BOARD
“Michael England”
Michael England, President, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/alix05152017.pdf
Source: Alix Resources Corp. (TSX Venture:AIX)
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