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Alix Resources Corp.
Summary
| Project: | Electra | |
|---|---|---|
| Deposit: | Agua Fria | |
| Location: | Mexico | |
| Commodities: | Lithium | |
| Date: | 4/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-4-2017: Alix Resources Corp. announces an Exploration/Drilling Update report for its Agua Fria deposit at the Electra project. JV with Lithium Australia - Drilling results incl. 33m @ 1058ppm Li from 3m. ALIX RESOURCES CORP. (“Alix” or the “Company”) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michel Boily (Not stated) | |
| ABSTRACT: | ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce the results of the first reverse circulation (“RC”) hole which intersected two intervals of +1,000 parts per million (“ppm”) lithium (Li) on the Agua Fria target, of the Electra Project in Sonora, Mexico. Mike England, president of Alix, stated: "We are very pleased with the results from the first drill hole and the drill progress to date the Agua Fria lithium clay targets. With an international team of Canadian, Australian and Mexican personnel, the objective is to discover lithium-rich clay deposits similar in grade and size to that of the Bacanora/REM La Vantana deposit." The first vertical hole, AF-17-001, was drilled to a depth of 126 meters. Drilling on the Agua Fria project is progressing well with five completed holes totaling 625 meters. Assays have only been received for hole AF-17-001. The Agua Fria project envisions a 3,000 meters reverse circulation drilling program investigating a 5 kilometer-long sedimentary unit hosting lithium-enriched clay layers. | |
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