Alix Announces Significant Lithium Assay Values on the La Corne 2 Property (West Canada Lithium), Quebec
September 20, 2016 (Source) — ALIX RESOURCES CORP. (TSXV: AIX) (FSE: 37N) (“Alix” or the “Company”) is pleased to announce significant lithium values from its preliminary channel sampling of newly discovered spodumene-bearing granitic pegmatites dykes exposed in the southern part of our La Corne 2 property located adjacent and on strike with the Chinese-based Jilin Jien Nickel Industry Co. (“Jilin”) Quebec Lithium Mine property, in the Preissac -Lacorne Area, Abitibi, Quebec.
Significant lithium concentrations obtained from three sites are reproduced in the table below:
|Sample no.||Site||Li2O (wt. %)|
RB Energy, the former owner of the Quebec Lithium mine, reported measured and indicated resources of 29.3 Mt grading 1.19% Li2O and 20.9 Mt of inferred resources grading 1.15% Li2O, respectively (source: NI43-101 Technical Report filed by Canada Lithium ,on SEDAR, June 8, 2011).
Mike England, President and CEO of Alix Resources Corp. commented: “With the receipt of strong lithium values in our newly discovered spodumene dyke showings, less than 1,700 meters from a former lithium producer, is very encouraging. The Company is fast-tracking a diamond drill program to test multiple spodumene showings, with permitting initiated and drill contractors being contacted.
Dr. Boily, the Company’s Qualified Person summarized: Preliminary investigations show the two principal sites (1 and 2) 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.”
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.
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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, President, CEO, Director
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).
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