Alix Resources Expands Money Rock/west Pogo Project to 21 Square Miles of Gold-Prospective Terrain
19.03.2012 | Marketwire
VANCOUVER, 03/19/12 - Alix Resources Corp. ("Alix" or the "Company") (TSX VENTURE: AIX) (FRANKFURT: 37N) is pleased to announce that it has acquired the previously unclaimed ground between its Money Rock claims, creating a contiguous land position for Money Rock of 3,497 hectares. Combining these claims with ground acquired in the recent option agreement with Corvus Gold, Inc. (see Alix news release, March 5th, 2012), the Company now controls 21 square miles (5,439 hectares) of State of Alaska Mining Claims, just 3.5km (two miles) west of the Sumitomo Minerals Pogo Mine.At Pogo, the best gold mineralization occurs in Paleozoic to late-Cretaceous orthogneiss and paragneiss country rocks intruded by late Cretaceous tonalite to granite. The newly-acquired Money Rock claims share the same geology, with most of the ground consisting of orthogneiss and paragneiss similar to that which is mapped at the Pogo Mine (from Werdon et al., 2004, Alaska Div. of Geol. & Geophys. Surv. Rept. Of Inv. 2004-1B, 19p.).
The new claims were acquired from the same vendors as the original Money Rock acquisition and fall under the same terms, whereby Alix has an option to earn 100% interest in the property by making cash payments totalling USD $210,000 over six years. The option is subject to a 2% NSR, which can be reduced to 1% through a USD $1M payment.
Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 43-101, has reviewed the technical information contained in this release.
Alix Resources Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information we invite you to visit us at www.alixresources.com.
ON BEHALF OF THE BOARD
Michael England
President
Forward-Looking Statement: Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Alix Resources Corp. Actual results may differ materially from those currently anticipated in such statements.
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.
Contacts:
Alix Resources Corp.
Michael England, President
1-604-683-3995 or Toll Free: 1-888-945-4770
1-604-683-3988 (FAX)
www.alixresources.com