DGAP-News
Alix and Lithium Australia Move Towards Drill Phase at Agua Fria Lithium Discovery, Mexico
DGAP-News: Alix Resources Corp. / Key word(s): Miscellaneous
Alix and Lithium Australia Move Towards Drill Phase at Agua Fria Lithium
Discovery, Mexico
11.11.2016 / 14:00
The issuer is solely responsible for the content of this announcement.
Alix and Lithium Australia Move Towards Drill Phase at Agua Fria Lithium
Discovery, Mexico
11.11.2016 / 14:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2016) - ALIX
RESOURCES CORP. (TSXV: AIX) (FSE: 37N) ('Alix' or the 'Company') is pleased
to report the completion l of a Phase 2 budget with their Joint Venture
partner, Lithium Australia, NL to initiate a drill program at its newly
discovered Agua Fria site containing lithium-rich clay formations that
constitute part of the Electra project, Sonora, Mexico.
Highlights of the Agua Fria discovery include:
- Significant lithium-rich clay layers identified southwest of the large
Tule Concession (Electra Project)
- Clay horizons traced for approximately 4.5 km on strike, with
indications of width attaining over 800 m.
- Apparent thickness of target layers reaching 20-30 metres
- Assays up to 1,190ppm Li. Additional assays pending
- Successful concession applications accepted
- The new concession included three ranches and Alix is currently
negotiating for drill permitting, to be followed by environmental
studies. There are no Ejido (community) surface (owner/co-op) rights
requirements tied to the new concession application
Alix geologists have just returned from Agua Fria where they carried out
follow-up work aiming to better understand the factors controlling the
distribution of >1000ppm lithium, to expand areas of known higher grade
mineralization with channel sampling and sample additional prospective beds
within the Agua Fria basin. The investigated area is at a sufficient
development stage to consider the definition of drill targets.
Thirty one samples have been submitted to ALS Chemex in Hermosillo
requesting the 4-acid method (ME-MS61) and the previously used ME-MS41 on 8
duplicate samples to provide some data comparison. The high lithium
concentrations are associated with grey, brown and white colored clay-rich
sedimentary beds dipping shallowly to the east and capped with basaltic
flows. This sequence is similar to that found on the nearby La Ventana
property held by Bacanora Minerals and REM.
Under the terms of the option and joint venture agreement, between the
Company and Lithium Australia NL (LIT) to jointly explore and develop the
Electra Project (comprising the Tule, and Tecolote concession applications,
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2016) - ALIX
RESOURCES CORP. (TSXV: AIX) (FSE: 37N) ('Alix' or the 'Company') is pleased
to report the completion l of a Phase 2 budget with their Joint Venture
partner, Lithium Australia, NL to initiate a drill program at its newly
discovered Agua Fria site containing lithium-rich clay formations that
constitute part of the Electra project, Sonora, Mexico.
Highlights of the Agua Fria discovery include:
- Significant lithium-rich clay layers identified southwest of the large
Tule Concession (Electra Project)
- Clay horizons traced for approximately 4.5 km on strike, with
indications of width attaining over 800 m.
- Apparent thickness of target layers reaching 20-30 metres
- Assays up to 1,190ppm Li. Additional assays pending
- Successful concession applications accepted
- The new concession included three ranches and Alix is currently
negotiating for drill permitting, to be followed by environmental
studies. There are no Ejido (community) surface (owner/co-op) rights
requirements tied to the new concession application
Alix geologists have just returned from Agua Fria where they carried out
follow-up work aiming to better understand the factors controlling the
distribution of >1000ppm lithium, to expand areas of known higher grade
mineralization with channel sampling and sample additional prospective beds
within the Agua Fria basin. The investigated area is at a sufficient
development stage to consider the definition of drill targets.
Thirty one samples have been submitted to ALS Chemex in Hermosillo
requesting the 4-acid method (ME-MS61) and the previously used ME-MS41 on 8
duplicate samples to provide some data comparison. The high lithium
concentrations are associated with grey, brown and white colored clay-rich
sedimentary beds dipping shallowly to the east and capped with basaltic
flows. This sequence is similar to that found on the nearby La Ventana
property held by Bacanora Minerals and REM.
Under the terms of the option and joint venture agreement, between the
Company and Lithium Australia NL (LIT) to jointly explore and develop the
Electra Project (comprising the Tule, and Tecolote concession applications,
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte