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Alix Initiates 2011 Work at Golden Zone Property, Alaska
Published : June 14, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2011) - ALIX RESOURCES CORP. ("Alix" or the "Company") (News - Market indicators)(FRANKFURT:37N) is pleased to announce that the mobilization for its 2011 geologic and drill program at the Company's flagship Golden Zone gold-silver-copper property in the Valdez Creek Mining District in south-central Alaska is underway. The geologic crew moved onto the property the first week of June in preparation for the drill's arrival in early July.

The Golden Zone property consists of 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 January 20, 2011 news release) indicating the deposit to contain, at a 1 g/T cut-off, 3,169,331 tonnes (3,486,250 tons) of measured and indicated resource averaging 3.02 grams per ton 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 and containing 349,320 ounces of gold, 1,926,596 ounces of silver and 4,940 tonnes (5,434 tons) of copper. Most of these resources are within170 meters (550 feet) of the surface and should be exploitable by surface mining techniques.

A drilling contract with Core-One Drilling Inc. of Delta, Colorado, calls for a minimum of 1,500 meters (4,920 feet) of HQ core drilling; Alix anticipates drilling 2,500 meters (8,200 feet) or more on the property this summer with $1.5 million currently budgeted for the 2011 Golden Zone program. A deep (approximately 500 meters (1,640 feet)) hole is intended to test the area beneath the Breccia Pipe from which the gold-copper deposit is presumably sourced. Several other drill holes will target a number of smaller but potentially higher grade targets that might add exploitable resources to the property and at least two prospectively large tonnage "porphyry-type" targets. The geologic crew will also be conducting geologic mapping and soil and stream sediment sampling programs to identify other target areas on the 9,700-hectare (24,000-acre) property. Work by Alix this summer will also include the completion of a 400 meter (1,300-foot) airstrip near the camp on the property, as well as a year of baseline water sampling in anticipation of upcoming permitting requirements for the project. A preliminary economic assessment/ prefeasibility study on the existing resource is planned for the winter of 2011-2012.

"We're very pleased to finally be on the ground at Golden Zone and to get a chance for our geologic team to build on the resources there," said Michael England, President of Alix. "While the resources already delineated at Golden Zone are certainly significant, we are very hopeful of adding to them with this year's work."

Alix' 2011 program will be directed by 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. Dr. Hedderly-Smith will be aided by Dr. Charles C. Hawley, another Alix Director. Dr. Hawley has been associated with the development of the Golden Zone property for nearly 40 years.

Alix Resources Corp. 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.

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

Alix Resources Corp.

EXPLORATEUR
CODE : AIX.V
ISIN : CA01642R2019
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Alix Res. est une société d’exploration minière basée au Canada.

Ses principaux projets en exploration sont DIVIDE et KAMISHAK en USA et WHITE GOLD, RED DEER LAKE, SASKASHEWAN et ARCADIA au Canada.

Alix Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 19,5 millions CA$ (15,3 millions US$, 13,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 11 mars 2011 à 3,00 CA$, et son plus bas niveau récent le 27 octobre 2017 à 0,03 CA$.

Alix Res. possède 72 170 000 actions en circulation.

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Financements de Alix Resources Corp.
27/04/2011Announces Closing of Over-Subscribed Private Placement
Projets de Alix Resources Corp.
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29/05/2008(Arcadia) to Begin Drilling at Arcadia Property
Communiqués de Presse de Alix Resources Corp.
28/07/2016INITIAL SAMPLE RESULTS ON THE PREISSAC - LA CORNE PROPERTIES...
06/07/2016ALIX COMPLETES SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM PR...
05/07/2016ALIX APPOINTS DR. MICHEL BOILY TO ITS BOARD OF DIRECTORS
30/06/2016ALIX IDENTIFIES LITHIUM-BEARING, CLAY-RICH SEDIMENATRY ASSEM...
09/06/2016ALIX TO COMMENCE SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM ...
05/06/2016Test News Release
18/05/2016Call on partly paid shares LITCC
21/04/2016ALIX SET OPTIONS
15/04/2016ALIX CLOSES PRIVATE PLACEMENT
15/04/2016ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY
22/01/2016ALIX APPOINTS DR. MICHEL BOILY TO ADVISORY BOARD
04/11/2015Alix to Commence Work on Newly Acquired Project Adjoining Ba...
04/11/2015ALIX ACQUIRES 22,625 HECTARES ADJOINING BACANORA'S "SONORA L...
28/10/2015Alix Acquires 22,625 Hectares Adjoining Bacanora's "Sonora L...
08/07/2015MOVES-AlixPartners appoints Kathryn Koorenny general counsel
06/10/2014Alix Encounters Promising Gold and Copper Values at Sheslay ...
22/10/2013Locates Operating Mill for Testing Bulk Samples From Its San...
20/03/2013High Grade Golden Granite Project Moving Forward
19/02/2013Reports Positive Assays for First Phase of Sampling at Golde...
29/01/2013Completes First Phase of Sampling and Mapping at Golden Gran...
16/01/2013Signs Definitive Agreement for Santa Maria Mine, Site Visit ...
08/01/2013Stakes Additional Land at Golden Granite, Yavapai County, Ar...
05/11/2012Acquires Golden Granite Gold Property, Yavapai County, Arizo...
27/09/2012Review of Cache Gold Property, Nunavut Demonstrates Signific...
18/09/2012Receives Positive Drill Results for the Money Rock / West Po...
11/07/2011Mobilizes Drill to Golden Zone Property, Alaska, for 2011 Pr...
14/06/2011Initiates 2011 Work at Golden Zone Property, Alaska
06/06/2011Caribou Commences Mobilization and Work Programs on Yukon Go...
03/03/2011Signs Drill Contract for 2011 Work at the Golden Zone Proper...
31/01/2011Acquires Yukon Gold, Silver and Base Metal Properties From S...
12/02/2009AND GEO SECURE DRILL PERMITS ON MANITOBA COAL PROPERTY AND A...
06/11/2008and Geo Announce Agreement With NuCoal Energy Corp. For Pros...
29/07/2008ANNOUNCES THE COMPLETION OF FIELD PROGRAM AT FOG LAKE PROSPE...
22/07/2008GEO AND ALIX RESOURCES ANNOUNCE HISTORICAL POTASH HOLE PLUS ...
25/06/2008 gets priority on Saskatchewan coal permits
13/06/2008And Geo Minerals buys potash rights in Saskatchewan
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