News June 3, '09
Alix Resources (AIX-V) and Geo Minerals (GM-V) company personnel will conduct field visit to their Red Deer Lake and Hudson Bay coal projects during the week of June 8, 2009. The site visits are designed to determine drillsite locations for upcoming drill programs on each property. Paul Gray, P.Geo and board member of Geo Minerals, will be overseeing the drillsite selection process and a representative of Corepro Drilling Inc., who will be carrying out the drill program on the two properties, will also be involved.
The Red Deer Lake Coal Property is situated in Manitoba, on the Manitoba Saskatchewan border, approximately 30 kilometres from Goldsource Mines Inc (GXS-V) recent "Split Leaf" discovery of 35 meters of coal in Saskatchewan and approximately 5 kilometres from Westcore Energy Ltd.'s (WTR-V) recent "Black Diamond Property" discovery which reported 33 meters of coal in their April 9, 2009 News Release. The Red Deer Lake Coal Property is comprised of 31,904 hectares (78,836.5 acres) of prospective coal ground that lies between Goldsource Mines Inc.'s Saskatchewan Border property and their Pine River property located in Manitoba, all within Goldsource's projected "Durango Coal trend".
The Hudson Bay Coal Property comprises approximately 11,500 acres of highly prospective coal prospecting permits of which the closest boundary is approximately four kilometers from the Goldsource Mines Property which hosts their new Split-Leaf coal discovery.
The Companies are awaiting analysis of coal samples taken from their recent successful drill program at Wapawekka Lake. Samples were sent to Loring Laboratories in Alberta where they will be tested by initial proximate analyses (ash content, fixed carbon values, moisture, thermal energy and sulphur content). Results from these analyses will be announced when received.
Alix and Geo have also been working to arrange a joint exploration program this summer with a number of other public companies with adjoining properties to their Wapawekka Lake Coal Property where coal intersections of up to 16 metres (52.5 feet) and 7.5 metres (24.6 feet) were discovered. The Companies anticipate a joint drilling program will take place in and around the Wapawekka Lake Coal Project in July, 2009. The technical contents of this release were approved by Geo Minerals director, and qualified person as defined by National Instrument 43-101, Paul Gray, P.Geo. For further information we invite you to visit our Companies websites located at www.alixresources.com and www.geominerals.com. |
