Alix Resources Corp.

Published : June 30th, 2016

ALIX IDENTIFIES LITHIUM-BEARING, CLAY-RICH SEDIMENATRY ASSEMBLAGE OVER A 1.1 KM DISTANCE AT THE ELECTRA PROJECT, MEXICO

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Keywords :   9/11 | Canada | G Mexico | Georgia | Junior | Lithium | Mexico | Target |

ALIX IDENTIFIES LITHIUM-BEARING, CLAY-RICH SEDIMENATRY ASSEMBLAGE OVER A 1.1 KM DISTANCE AT THE ELECTRA PROJECT, MEXICO

ALIX IDENTIFIES LITHIUM-BEARING, CLAY-RICH SEDIMENATRY ASSEMBLAGE OVER A 1.1 KM DISTANCE AT THE ELECTRA PROJECT, MEXICO

June 30, 2016, Vancouver, BC, Canada - ALIX RESOURCES CORP. ('Alix' or the 'Company') (AIX-TSX:V) (37N-FRANKFURT) is pleased to announce the assay results of the recent round of sampling at the Electra Project in Sonora, Mexico, where values as high as 246.0 parts per million (ppm) lithium (Li) confirmed a target sedimentary assemblage with the potential of hosting economic lithium-bearing, clay-rich horizons. The Electra lithium project is contiguous to Baconora/REM's Buenavista Lithium project.

Mike England, president of Alix, stated: 'These recent anomalous and enriched lithium values from clay-rich sedimentary sequences on our Tecolote concession are encouraging and bear similarities to Bacanora/REM's early stage findings at Buenavista. Once we receive the results from the next round of sampling we will likely proceed with a drilling program designed to further explore the lithium potential of this property. We are obviously in the right location and the mineralization to date found on the property is very promising to our exploration team. Our drill campaign will likely include a series of shallow drill holes in key geological targets such as the sedimentary assemblage and also in some alluvium-covered areas. The objective is to discover lithium-rich clay layers similar to that of the Bacanora/REM Buenavista deposit.'

Previous work carried out last December on the Electra lithium project led to the discovery of a lithium-bearing, clay-rich showing on the company's northern Tecolote concession adjoining the Bacanora Minerals Ltd. (BCN-TSX:V) and Rare Earths Minerals PLC (REM-LON))'s Buenavista concessions (PR 2016-01-06). Reverse circulation drilling by Bacanora/REM's on the Buenavista concession has discovered a clay-rich layers (the Buenavista Li deposit) in a sedimentary sequence over an area of 6 by 1.25 km (BCN PR, 2014-11-03).

Alix geologists, along with a contracted geologist with previous working experience on Bacanora/REM's Buenavista concession, revisited the showing discovered in December on the Tecolote concession, which returned a peak value of 211.0 ppm Li. Geological mapping and prospecting identified a distinct, sedimentary package containing clay-rich layers. This target area has been designated the 'Central Basin'.

In total, 42 samples were collected from claystones, sandstones and siltstones exposed in the target sedimentary sequence, yielding and average Li value of 167 ppm and a peak concentration of 272 ppm, which is considered very anomalous.

The sampling program identified two target areas located in the Central Basin and underlain by the target sedimentary sequence. The first target, the eastern area, is approximately 1,100 m long by 250 to 400 m wide. The second target area is located east of the Barisuqe river and 700 m SW of the first target and measures roughly 400 by 150 m. The zone in between the targets has also been mapped and is covered by extensive, thin alluvial sediments that may be underlain by the same prospective sedimentary sequence.

Both target areas in the Central Basin are likely to be expanded given the relatively flat-lying nature of the sedimentary beds and extensive, thin alluvial cover. Additional sampling and geological mapping has been completed and assays are pending.

On Bacanora/REM's Buenavista concession, the lithium-bearing clay-rich layers were little exposed and required drilling to define and understand the sedimentary stratigraphy.

Management has also determined to not proceed with the previously announced (see PR Jan 11, 2016) acquisition of the Gran 2 property.

The technical contents of this release were approved by Michel Boily, PhD, P.Geo a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

About Alix Resources

Alix Resources is a junior mining exploration company focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.

ON BEHALF OF THE BOARD
'Michael England'
Michael England, President, CEO, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Canada | Georgia | Mexico | All
Gold and Silver Prices for these countries : Canada | Georgia | Mexico | All

Alix Resources Corp.

EXPLORATION STAGE
CODE : AIX.V
ISIN : CA01642R2019
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Alix Res. is a exploration company based in Canada.

Its main exploration properties are DIVIDE and KAMISHAK in USA and WHITE GOLD, RED DEER LAKE, SASKASHEWAN and ARCADIA in Canada.

Alix Res. is listed in Canada. Its market capitalisation is CA$ 19.5 millions as of today (US$ 15.3 millions, € 13.0 millions).

Its stock quote reached its highest recent level on March 11, 2011 at CA$ 3.00, and its lowest recent point on October 27, 2017 at CA$ 0.03.

Alix Res. has 72 170 000 shares outstanding.

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Financings of Alix Resources Corp.
4/27/2011Announces Closing of Over-Subscribed Private Placement
Project news of Alix Resources Corp.
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5/29/2008(Arcadia) to Begin Drilling at Arcadia Property
Corporate news of Alix Resources Corp.
7/28/2016INITIAL SAMPLE RESULTS ON THE PREISSAC - LA CORNE PROPERTIES...
7/6/2016ALIX COMPLETES SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM PR...
7/5/2016ALIX APPOINTS DR. MICHEL BOILY TO ITS BOARD OF DIRECTORS
6/30/2016ALIX IDENTIFIES LITHIUM-BEARING, CLAY-RICH SEDIMENATRY ASSEM...
6/9/2016ALIX TO COMMENCE SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM ...
6/5/2016Test News Release
5/18/2016Call on partly paid shares LITCC
4/21/2016ALIX SET OPTIONS
4/15/2016ALIX CLOSES PRIVATE PLACEMENT
4/15/2016ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY
1/22/2016ALIX APPOINTS DR. MICHEL BOILY TO ADVISORY BOARD
11/4/2015Alix to Commence Work on Newly Acquired Project Adjoining Ba...
11/4/2015ALIX ACQUIRES 22,625 HECTARES ADJOINING BACANORA'S "SONORA L...
10/28/2015Alix Acquires 22,625 Hectares Adjoining Bacanora's "Sonora L...
7/8/2015MOVES-AlixPartners appoints Kathryn Koorenny general counsel
10/6/2014Alix Encounters Promising Gold and Copper Values at Sheslay ...
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3/20/2013High Grade Golden Granite Project Moving Forward
2/19/2013Reports Positive Assays for First Phase of Sampling at Golde...
1/29/2013Completes First Phase of Sampling and Mapping at Golden Gran...
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1/8/2013Stakes Additional Land at Golden Granite, Yavapai County, Ar...
11/5/2012Acquires Golden Granite Gold Property, Yavapai County, Arizo...
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9/18/2012Receives Positive Drill Results for the Money Rock / West Po...
7/11/2011Mobilizes Drill to Golden Zone Property, Alaska, for 2011 Pr...
6/14/2011Initiates 2011 Work at Golden Zone Property, Alaska
6/6/2011Caribou Commences Mobilization and Work Programs on Yukon Go...
3/3/2011Signs Drill Contract for 2011 Work at the Golden Zone Proper...
1/31/2011Acquires Yukon Gold, Silver and Base Metal Properties From S...
2/12/2009AND GEO SECURE DRILL PERMITS ON MANITOBA COAL PROPERTY AND A...
11/6/2008and Geo Announce Agreement With NuCoal Energy Corp. For Pros...
7/29/2008ANNOUNCES THE COMPLETION OF FIELD PROGRAM AT FOG LAKE PROSPE...
7/22/2008GEO AND ALIX RESOURCES ANNOUNCE HISTORICAL POTASH HOLE PLUS ...
6/25/2008 gets priority on Saskatchewan coal permits
6/13/2008And Geo Minerals buys potash rights in Saskatchewan
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