Alix High Grade Golden Granite Project Moving Forward
Published : March 20, 2013
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Keywords :   G Mexico | Gold | Gold Mine | Market | Mexico | Report | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2013) - ALIX RESOURCES CORP. ("Alix" or the "Company") (News - Market indicators)(FRANKFURT:37N) announces that it has filed a Notice of Intent with the US Bureau of Land Management to undertake drilling on its 100%-owned Golden Granite Project in western Arizona. Alix has submitted a plan to drill up to 1,200 meters (4,000 ft.) of HQ diameter core from seven collars along 1.2 kilometers of pre-existing roads that parallel the historic workings. The program will test for down-dip and along-strike continuity of several, high-grade gold veins on the property, and for a bulk-tonnage gold potential similar to Newmont's 8 Moz. La Herradura gold mine located 215 kilometers to the south in Sonora, Mexico. Both Golden Granite and La Herradura host gold mineralization in ~1.7 billion year-old metaigneous and metasedimentary rocks.

At Golden Granite, twelve channel samples collected on outcrops from the Big Stick Mine over a distance of 350 feet averaged 0.388 opt Au across an average sample width of 2.34 feet, and visible gold was reported in the wall rock (Gray, D.S., 1985, Report on the geological mapping and sampling program, Santa Maria - Homestake Mine properties, 39p.). Recent sampling of the Big Stick South vein returned 3.29 g/t Au over 10 meters in a composite chip sample of the footwall (see Alix news release, February 19th, 2013). The Homestake Mine Vein located 1,200 feet east of Big Stick is reported to be up to ten feet wide underground, averaging 0.411 opt Au for fifteen channel samples across an average sample width of 4.29 feet (Gray, 1986). 

A track-mounted drill operated by Altar Drilling Inc. has been secured for the project. It is anticipated that the permitting process for drilling should not take longer than several weeks.

Mike England states, "This is an excellent opportunity to demonstrate both the continuity of the high-grade veins on the property as well as testing the potential to develop the tonnage necessary to move the project along towards a development plan. The holes will be located to simultaneously test for a very large bulk-tonnage system hosted in the wall rock of the veins, similar to that at Newmont's La Herradura gold mine." 

Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 43-101, has reviewed the technical information contained in this release.

Alix Resources is a junior exploration company actively seeking mineral opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.

ON BEHALF OF THE BOARD

Michael England, President

Neither 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.

Alix Resources Corp.
Michael England
President
1-604-683-3995 or Toll Free: 1-888-945-4770
www.alixresources.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : 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.
7/20/2011CARIBOU AND ALIX INCREASE LAND POSITION AROUND WELLGREEN PRO...
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 ...
10/22/2013Locates Operating Mill for Testing Bulk Samples From Its San...
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...
1/16/2013Signs Definitive Agreement for Santa Maria Mine, Site Visit ...
1/8/2013Stakes Additional Land at Golden Granite, Yavapai County, Ar...
11/5/2012Acquires Golden Granite Gold Property, Yavapai County, Arizo...
9/27/2012Review of Cache Gold Property, Nunavut Demonstrates Signific...
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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