Alix Discovers 4 New Lithium Mineralized Zones on the La Corne 2 Located in the Preissac-Lacorne Area in Abitibi
Vancouver - Alix Resources Corp. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce its exploration program revealed four new mineralized zones located in the southern part of the La Corne 2 property where spodumene-bearing granitic pegmatite dykes are exposed. The property is located adjacent and on strike with the Chinese-based Jilin Jien Nickel Industry Co. (“Jilin”) Quebec Lithium Mine property.Mike England, President and CEO of Alix Resources Corp. commented “This discovery is very significant for Alix as it gives us a clear indication that we have mineralized lithium zones on our property and provides clear guidance on our exploration program. These mineralized dykes appear to be along strike of the past producing Quebec Lithium Mine. Our business model is to acquire and explore lithium assets which have historical lithium resources or are near past producing. Once we have received the assay results from our recent grab and channel sampling program we will determine our next steps which will likely include more detailed mapping and geophysical surveys to unveil further mineralized zones followed by a drilling campaign on the more prospective targets.”
The initial program consisted of preliminary mapping of the principal exposed lithologies with an emphasis on granitic pegmatite dykes. Grab and channel sampling of spodumene-bearing granitic pegmatite dykes and other potential Li-bearing pegmatites was conducted.
Based on the positive geological observations from the recent program, the company is fast tracking the permitting of a maiden Phase 1 diamond drill program on these targets.
Two principal sites are characterized by spodumene-rich, moderately to steeply dipping dykes or a principal anastomosed dyke. One area exposes a dyke or a series of dykes striking 310° and extending for 230 m along strike, whereas the other area presents a dyke or dykes striking 127° with a length of 130 m. The new pegmatites sites are situated along the northwestern extension of the Quebec Lithium Mine spodumene-rich dyke swarm. The spodumene-bearing dykes 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. Grab and channel samples of the Li-mineralized dykes were submitted to the ALS Chemex Laboratory, in Val d’Or, Qc and the results are pending.
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 mining exploration company focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company. The Company now has active lithium projects in Nevada, Mexico and Ontario.
ON BEHALF OF THE BOARD
“Michael England”
Michael England, President, CEO, Director
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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).
Source: Alix Resources Corp. (TSX Venture:AIX)