Alix and Lithium Australia Move towards Drill Phase at Agua Fria Lithium Discovery, Mexico

http://www.fscwire.com/newsrelease/alix-and-lithium-australia-move-towards-drill-phase-agua-fria-lithium-discovery-mexico

Vancouver, British Columbia (FSCwire)ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) 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

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