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Re: ICEQUITY post# 227

Saturday, 04/14/2012 11:21:45 AM

Saturday, April 14, 2012 11:21:45 AM

Post# of 265
INTRODUCING ALIX RESOURCES
Alix Resources Ltd. is a Canadian-based junior exploration company listed on the TSX Venture Exchange under the symbol "AIX", as well as the Frankfurt Exchange under the symbol "37N". Alix has a portfolio of projects, including an impressive land package with 21 square miles of claims in close proximity to Sumitomo's Pogo Mine.

LATEST UPDATES
2012-03-19 ALIX EXPANDS MONEY ROCK / WEST POGO PROJECT TO 21 SQUARE MILES OF GOLD-PROSPECTIVE TERRAIN
2012-03-05 ALIX ADDS TO MONEY ROCK LAND PACKAGE NEAR POGO THROUGH OPTION WITH CORVUS GOLD
2012-02-24 ALIX ANNOUNCES PRIVATE PLACEMENT OFFERING

PROJECTS MAP
Select a property from the map above to view an in-depth overview of the property.


Letter of intent on April 5, 2012 with Goldspan Resources Inc. which will allow Goldspan to obtain up to a sixty (60%) ownership interest in the 24,500 acre Golden Zone property in Alaska. The LOI requires Goldspan to spend $3.5 million over the next three years for exploration and development, make cash payments to Alix of $1,000,000, assume the balance of cash and share payments required by Alix to the Owners for full exercise of the Original Option, plus pay an estimated $250,000 for ongoing maintenance fees. The property is located along the south flank of the Alaska Range 15 miles west of the Parks Highway, approximately halfway between the cities of Anchorage and Fairbanks. This transaction is subject to TSX Venture approval.




Golden Zone property in Alaska.

The Golden Zone gold-silver-copper deposit is located on the south flank of the Alaska Range in the Valdez Creek Mining District, about 12 miles west of the Parks Highway on State of Alaska owned lands. Lode gold was first discovered at the Golden Zone in 1907 by prospectors following placer gold up what was to later be named Bryn Mawr Creek, a tributary of the West Fork of the Chulitna River. Exploration of the hard-rock potential at the Golden Zone dates back to about 1914-15 when trenches and short underground workings were driven on the Riverside and Breccia Pipe prospects. The Breccia Pipe prospect was active in the late 1930s when more underground workings were driven and about 20 core drill holes were drilled from underground stations; this work culminated in a brief period of production in 1941. The prospect was then inactive until 1971. Intensive work renewed at the Golden Zone in 1988 and from then through 2010 a series of junior and major companies drilled over 200 holes (mostly core) totaling about 25,000 meters (81,000 feet) on the several prospects on the property although the vast majority of this work was done on the Golden Zone breccia pipe deposit.

Alix Resources optioned the 24,500-acre Golden Zone property in the fall of 2010. Alix then commissioned a report by Norwest Corporation containing a revised resource model and N.I. 43-101 compliant resource estimate for the Golden Zone Breccia Pipe by Norwest Corporation indicating the breccia pipe deposit to contain, at a 1.0 g/T Au cut-off, 3,169,331 tonnes (3,486,250 tons) of measured and indicated material averaging 3.02 g/T Au and containing 279,162 ounces of gold, 1,523,671 ounces of silver and 3,233 tonnes (3,556 tons; 7,112,00 lbs) of copper. The deposit's "global resource" at a 0.5 g/T Au cut-off is 10,264,327 tonnes (11,294,000 tons) of measured, indicated and inferred material averaging 1.44 g/T Au and containing 431,389 ounces of gold, 2,214,517 ounces of silver and 6,081 tonnes (6,689 ton; 13,378,000 lbs) of copper. The table below shows the Norwest report's resource totals as measured, indicated and inferred totals at 0.5 and 1.0 g/T Au cut-offs. A complete table of the 43-101 compliant resource estimate at several cut-offs is shown on Alix' website at www.alixresources.com.





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http://www.alixresources.com/index.php?page=projects&project=1