ALIX to Commence Sampling Program on Newly Acquired Lithium Projects in the Preissac-Lacorne Complex of the Abitibi Greenstone Belt, Quebec
June 9, 2016 (Source) — ALIX RESOURCES CORP. (“Alix” or the “Company”) (TSX-V: AIX) (37N.F–FRANKFURT) announces a crew will be mobilized in the coming days on select areas of the newly acquired portfolio of lithium properties in the Preissac-Lacorne plutonic complex of the Abitibi Greenstone Belt, province of Quebec. The goal of the program is to help prioritize prospective areas by sampling and mapping the spodumene-bearing pegmatites that are reported on the four properties. This first sampling program, in conjunction with compilation of existing data, will optimize future exploration programs.
The core of the claim group is located 40 km northeast of the mining town of Val d’Or. The recorded mineral claims extend 30 km east-west by 15 km north-south. The properties are accessible by a network of paved roads connecting to the main 117 Highway linking Val d’Or to Rouyn-Noranda. The region holds several precious and base metals mines and possesses all the infrastructures and workforce necessary to support a mining operation.
Mike England, President and CEO of Alix Resources Corp. commented: “We are pleased to be able to get a first pass ground program started immediately in an effort to get a head start on an exciting upcoming summer for Alix.”
The Company further announces the resignation of Casey Lewis from its board of directors. Alix wishes Mr. Lewis well in his future endeavours and will continue to work together as circumstances permit.
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 Mexico, Ontario and Quebec.
ON BEHALF OF THE BOARD
Get our daily investorintel update
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).
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>