Alix Signs Drill Contract for 2011 Work at the Golden Zone Property, Alaska; Plans for a 2500-Meter Drill Program
Published : March 03, 2011

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Market | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2011) - ALIX RESOURCES CORP. (News - Market indicators)(FRANKFURT:37N) ("Alix" or the "Company") is pleased to announce the signing of a contract with Core-One Drilling Inc. of Delta, Colorado, for Diamond drilling at the Company's flagship Golden Zone property this upcoming field season.

The Golden Zone property in the Valdez Creek Mining District in south-central Alaska hosts the Golden Zone Breccia Pipe and several other intrusion-related gold-copper prospects and showings. Alix recently announced the release of a revised resource model and N.I. 43-101 compliant resource estimate for the Breccia Pipe by Norwest Corporation (see Alix News, January 20, 2011). The revised estimate indicated the Breccia Pipe deposit contains, at a 1 g/T Au cut-off, 3,169,331 tonnes (3,486,250 tons) of measured and indicated resource averaging 3.02 grams per ton gold and containing 279,166 ounces of gold, 1,523,657 ounces of silver and 3,233 tonnes (3,556 tons) of copper. At a 0.5 g/T cut-off, the Breccia Pipe contains 6,333,100 tonnes (6,966,410 tons) of measured and indicated resource averaging 1.89 grams per ton gold and containing 349,320 ounces of gold, 1,926,596 ounces of silver and 4,940 tonnes (5,434 tons) of copper. The Golden Zone Breccia Pipe crops out near the top of a ridge, and the vast majority, if not all, of these resources should be amenable to surface mining means.

The 2011 contract with Core-One calls for a minimum of 1500 meters of HQ core drilling - Alix anticipates drilling 2500 meters or more on the property this summer. A preliminary $1.5 million is currently budgeted for Alix's 2011 program at the Golden Zone property with work scheduled to start in late May or early June.

While the Golden Zone Breccia Pipe is by far the best known and most thoroughly explored mineral deposit on the property, several other intrusion-related gold-copper prospects and showings have also been identified in past work. The 2011 drilling will include one deep hole of approximately 500 meters aimed to pass "down the throat" of the Breccia Pipe to collect material for future metallurgical testing and to test the environs in the presumed lower regions of the pipe and possibly below it.

"It will be exciting to test the lower regions of the Breccia Pipe and maybe also get into the rocks from which this significant gold-copper deposit is sourced," said David Hedderly-Smith, Ph.D., P.G. Dr. Hedderly-Smith is a Director of Alix and a Qualified Person as defined by NI 43-101 and also prepared and approved the geological and technical information contained in this release.

The bulk of the 2011 drilling, however, will be directed to assess several other prospects, including porphyry-type mineralization, skarn and other carbonate replacements, and veins and shear zones, occurring in three parallel north-northwest trending fault-bounded mineral corridors on the 24,500-acre (10,000-hectare) property. Previous work at the property has identified over a dozen known gold prospects along this 13-kilometer (8-mile) trend stretching from the Riverside prospect on the northeast to the Cohio showing on the southwest. Targets likely to be drilled include the high-grade Wells vein at the Riverside prospect (see Alix news, October 6, 2010), a gold skarn target at the North Long Creek Prospect and a porphyry/breccia pipe target at the GAS prospect.

"We are extremely pleased to have our drilling contract for the upcoming season in hand at this relatively early date. We are also in the process of hiring technical personnel and lining up the logistics for this year's work," said Mike England, President and CEO of Alix. "With Norwest's revised 43-101 resource estimate behind us, we can now focus our attention on assessing the "blue sky" potential for discovery and delineation of additional areas of gold-copper mineralization at the Golden Zone. We're looking forward to a very successful season."

Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all its 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.

For more information, please contact

Alix Resources Corp.
Michael England
President
1-604-683-3995 or Toll Free: 1-888-945-4770
604-683-3988 (FAX)
www.alixresources.com

Alix Resources Corp.

EXPLORATION STAGE
CODE : AIX.V
ISIN : CA01642R2019
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (AIX.V)
0.270+0.00%
TSX-V
CA$ 0.270
12/05 15:56 -
0%
Prev close Open
0.270 0.270
Low High
0.265 0.285
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.270 -%
Volume 1 month var.
275,847 -%
24hGold TrendPower© : -9
Produces
Develops
Explores for Coal - Copper - Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/6/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 8.24+1.85%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.98+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.84+0.13%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.52+0.78%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.68-3.40%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02-37.50%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.54-1.67%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.48+2.44%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+1.72%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+84.85%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.85+5.11%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 72.08+1.61%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.05+6.67%Trend Power :