Thursday, October 20, 2016 11:04:45 AM
"Alix Provides New Data on the Agua Fria Lithium-Rich Clay Zone Within the Electra Project, Sonora, Mexico
V.AIX | 32 minutes ago
Vancouver, British Columbia--(Newsfile Corp. - October 20, 2016) - ALIX RESOURCES CORP. (TSXV: AIX) (FSE: 37N) ("Alix" or the "Company") is pleased to provide 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 km with maximum widths up to 800m.
Results from 35 additional samples yielded values ranging from 235 to 1,190 ppm Li and averaging 625 ppm Li, with three assay values over 1,000 ppm. The high lithium concentrations are associated with grey and white colored 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 ongoing 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, states: "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 Michel Boily, PhD, P.Geo 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 mineral exploration company focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM