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To: howestreetbull who wrote (33573)9/1/2017 8:15:36 AM
From: howestreetbullRead Replies (1) of 202374
 
AIX.v Lithium/Cobalt Jrs $ABR.v $PE.v $BCN.v $NEV.v $DJI.v $LIX.v $AIX.v $DGO.v $NMX.v $LAC.t $SIE.V $UMB.c $SRJ.v $FAT.c $GSW.v $CUZ.v

by @fscwire on September 1, 2017
Alix Defines Lithium Target Over 2.5 Kilometer Strike Length on the Agua Fria Project, Sonora Mexico


Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce the completion of its drill program on the Electra Project in the Agua Fria property located in Sonora, Mexico, in partnership with Lithium Australia. In total 16 RC holes were completed totaling 1762 meters of drill material on multiple targets (Table 2). Highlight of the exploration program includes the discovery of the “West Flank” lithium zone, which extends in a NNW-SSE direction for nearly 2.5 km on the western portion of the Agua Fria concession.



The “West Flank” lithium target is the most significant target and is defined by



  • A surface grid sampling completed in May 2017 (rock chip sampling), with 33 samples returning Li assays around 1,000 ppm out of 187 samples in total;


  • Three trenches undergoing systematic and continuous sampling yielding 949 ppm Li over 31 m, 954 ppm Li over 25 m and 928 ppm Li over 43 m, respectively.


  • RC drill holes collared on the West Flank Target produced: 1,058 ppm Li over 33 m from the collar (AF-17-01), 1,031 ppm Li over 48 m form 63 meters (AF-17-02), 917 ppm Li over 30 m from 27 meters (AF-17-03), and 1,050 ppm Li over 24 m from the collar (AF-17-14) (see Table 1).


  • RC drill holes sunk on the edge (east side) of the West Flank Target revealed assay values of 867 ppm Li over 24 m from the collar (AF-17-11), and 816 ppm Li over 45 m from the collar (AF-17-12) (see Table 1), Other RC drill holes did not provide significant results.


  • HOLE_ID

    From (m)

    To (m)

    Interval (m)

    Li (ppm)











    AF-17-001

    3.0

    85.0

    82.0

    938

    Incl.

    3.0

    36.0

    33.0

    1058



    54.0

    75.0

    21.0

    1043



    AF-17-002

    63.0

    138.0

    75.0

    966



    AF-17-003

    27.0

    57.0

    30.0

    917



    AF-17-004

    3.0

    36.0

    33.0

    991

    AF-17-004

    57.0

    78.0

    21.0

    986



    AF-17-005

    72.0

    96.0

    24.0

    906



    AF-17-008

    27.0

    84.0

    57.0

    719



    AF-17-012

    0.0

    45.0

    45.0

    816



    AF-17-014

    0.0

    90.0

    90.0

    904

    Incl.

    0.0

    24.0

    24.0

    1050











    Table 1



  • The West Flank lithium zone is 25 -50 m-thick, shallow dipping and provides the best potential to define a resource of significant tonnage near surface. Future efforts will be devoted to the West Flank target to establish the stratigraphic control of higher lithium concentrations.


  • New metallurgical testing, revealed acid leaching at 50°C achieving 99% extraction of Li in four hours with no roasting and expensive reagents required. A large sample is currently being collected for further metallurgical studies.



  • In addition to significant Li values, the clay horizons at Agua Fria are characterized by anomalous potassium values, an element which may be recoverable as potassium sulphate, a major component of “NPK” fertilizers. This potentially adds a valuable by-product.


  • HOLE_ID

    Easting

    Northing*

    Elevation (m)

    Azimuth (°)

    Plunge (°)

    Depth (m)

    AF-17-001

    682027

    3235939

    758

    0

    -90

    126

    AF-17-002

    682199

    3235770

    752

    0

    -90

    141

    AF-17-003

    681854

    3236357

    728

    0

    -90

    115

    AF-17-004

    682053

    3236785

    742

    0

    -90

    120

    AF-17-005

    681763

    3237198

    740

    0

    -90

    126

    AF-17-006

    681821

    3239308

    803

    0

    -90

    108

    AF-17-007

    681554

    3239389

    801

    0

    -90

    108

    AF-17-008

    681501

    3238640

    780

    0

    -90

    141

    AF-17-009

    681455

    3239070

    783

    0

    -90

    90

    AF-17-010

    681364

    3239645

    800

    0

    -90

    87

    AF-17-011

    681588

    3236557

    722

    0

    -90

    72

    AF-17-012

    681611

    3236748

    733

    0

    -90

    90

    AF-17-013

    682330

    3235134

    712

    0

    -90

    126

    AF-17-014

    682228

    3235462

    730

    0

    -90

    141

    AF-17-015

    681283

    3239605

    800

    0

    -90

    87

    AF-17-016

    681278

    3239747

    800

    0

    -90

    84

    *WGS84; Zone 12N


    Table 2


    QA/QC Protocol



    Alix Resources implemented a QA/QC program during the drilling at Aqua Fria. Drill samples were collected on 3 m intervals, the equivalent of one sample per drill rod. The entire sample was collected using buckets and sacks to catch as much of the fine fraction as possible. Samples were weighed, split using a riffle splitter to obtain a 5 kg sample in micro-pore bags to be sent to the ALS Hermosillo Laboratory. A representative sample was also collected for the chip tray and Z-300 on site analysis. Surface and trench samples were collected using grub hoes and/or shovels, providing 3-5 kg samples which were put in a plastic bag, tagged and sealed before being transported to the laboratory. Samples were shipped from the site directly to ALS laboratory and transported by Alix representatives.



    Preparation package PREP-31 was requested which includes crushing at 70% <2mm and reduction to a pulp 85% <75um. Pulps were sent to the Vancouver ALS laboratory where they underwent dissolution by 4 acid digestion (perchloric, nitric, hydrofluoric and hydrochloric acids) and analyzed by inductively coupled plasma- atomic emission spectrometry for 48 elements: Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr (package ME-MS6). Blanks, standards and duplicates were inserted every 10th sample in the following sequence: duplicate, standard GTA-07, blank, duplicate, standard GTA-02, blank. Blanks were sourced locally from a clay unit that averaged 26 ppm Li, Duplicates were taken on site with the riffle splitter. Standards were provided by Geostats PTY LTD.



    Lithium mineralization on the Agua Fria project occurs in a similar geological context to that of the nearby Sonora lithium project, owned by Bacanora Minerals Ltd. and Rare Earth Minerals PLC (REM). The Sonora lithium project, has established an indicated mineral resources4.5 Mt (LCE) and 2.7 Mt of inferred mineral resource, in accordance with NI 43-101 norm.



    Mike England, president of Alix, stated: "We are very pleased with the results of the recent RC drill program and the ongoing metallurgical studies, directed by our partner Lithium Australia. With a focus on outlining higher grades in the West Flank zone and the encouraging beneficiation strategies, it is our objective to define an economic lithium resource, similar in grade and size to that of the Bacanora/REM La Ventana deposit."



    Cautionary statement: Although geological similarities are interpreted between Alix’s Agua Fria and Bacanora Sonora project, readers are cautioned that the Company has not discovered nor defined a similar deposit, nor completed a prefeasibility or feasibility study which establishes mineral reserves with demonstrated economic and technical viabilities.



    The technical contents of this release were approved by Dr. Michel Boily, PGeo, 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 world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.



    ON BEHALF OF THE BOARD



    Michael England



    Michael England, President, CEO, Director



    FOR FURTHER INFORMATION, PLEASE CONTACT:



    Telephone: 1-604-683-3995

    Toll Free: 1-888-945-4770



    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.

    To view this press release as a PDF file, click onto the following link:
    public://news_release_pdf/Alix09012017.pdf

    Source: Alix Resources Corp. (TSX Venture:AIX)

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