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    DGAP-News  593  0 Kommentare 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.

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    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,
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    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. …