Alix Discovers Lithium on Electra Project Adjoining Bacanora's "Sonora Lithium Project" Located in Sonora, Mexico

Press Releases |

VANCOUVER, BRITISH COLUMBIA--(Jan. 6, 2016) - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) announces the discovery of a lithium-bearing, clay-rich showing in a sequence of sedimentary-volcanic rocks located on the Company's northern Tecolote Concession, which adjoins Bacanora Minerals Ltd. and Rare Earths Minerals PLC (REM)'s Buenavista concession located in Sonora, Mexico.

Alix's Tecolote Concession, located approximately five kilometres NNE of Bacanora/REM's Buenavista Concession, yielded samples moderately to strongly anomalous in lithium, with highlights including 211.0, 162.5, and 71.2 ppm Li. Comparably, historical lithium values discovered by US Borax (RTZ subsidiary) on the northern part of the Buenavista Concession ranged from 121 to 276 ppm Li, with higher lithium values (+1,000 ppm Lithium) found in the central portion of the concession (see Bacanora 43-101 at www.bacanoraminerals.com/reports/pdf/ni43101sonora.pdf).

Alix is also pleased to report the discovery of sedimentary beds on its Tule Concession similar to, on trend and correlate with, geological units which host Bacanora's La Ventana deposit (see PR dated December 10, 2015). The exploration program completed by Alix on the property in December included sampling which returned moderately anomalous lithium values from the portion of the concession area that Alix has prospected to date.

Mike England, President of Alix states, "The lithium numbers from the clays on our Tecolote Concession are consistent with historic sampling carried out by US Borax (which first discovered lithium in the area) on the northern part of the Buenavista Concession, now currently held by Bacanora/REM. This is an important discovery for Alix as it shows we have encountered indicators similar to those seen on the Buenavista lithium concession."

The technical contents of this release were approved by Mr. Case Lewis, a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

ON BEHALF OF THE BOARD

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).

Contact Information

  • Alix Resources Corp.
    Michael England
    President, CEO, Director
    1-604-683-3995 or Toll Free: 1-888-945-4770
    604-683-3988 (FAX)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Nano One Materials Corp.

Nano One Materials Corp is a technology company. The Company manufactures storage materials for lithium ion batteries.

Private Markets

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…