Alix Intersects + 1,000 ppm Lithium in the 1st Drill Hole on its Agua Fria Lithium Project, Sonora Mexico

http://www.fscwire.com/newsrelease/alix-intersects-1000-ppm-lithium-1st-drill-hole-its-agua-fria-lithium-project-sonora

Vancouver, British Columbia (FSCwire)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. Highlights to date include:

 

  • The first vertical hole, AF-17-001, was drilled to a depth of 126 meters, intersecting two intervals of +1,000 ppm Li in clay-bearing volcanogenic sediments, including 33meters from 3 to 36 meters averaging 1058ppm Li, and 21meters from 54 to 75 meters averaging 1043ppm Li.

 

  • Assays over 1,000 ppm are significant, and represent the cut-off grade used by SRK Consulting (UK) Limited on the neighboring La Ventana lithium deposit, owned jointly by Bacanora Minerals Limited (70%) and Rare Earth Minerals PLC (30%);

 

  • 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 projects is being undertaken by a local drilling contractor using a tracked mounted RC rig. The project is staffed by a multinational crew from Canada, Australia and Mexico;

 

  • The Agua Fria project is believed to be the first, comprehensive, fielding test of a portable Laser Induced Breakdown Spectroscopy (LIBS) using a SciAps Z300 instrument pre-calibrated for material type and lithium grade to provide “real time” assay verification.

 

  • Li assays have been received from one drill hole (AF-17-001), and the initial correlation between obtained laboratory values to concentrations determined by the SciAps Z300 instrument is relatively good and very encouraging. Additional applications are being considered to expedite other targets;

 

  • 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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