Alix Resources to acquire claims next to Pivert/Rose
2010-01-22 14:30 ET - News Release
Mr. Michael England reports
ALIX SIGNS AGREEMENT FOR CLAIMS ADJOINING FIRST GOLD EXPLORATION INC.'S RARE METALS PROPERTY IN QUEBEC
Alix Resources Corp. has entered into an agreement to acquire a100-per-cent interest in ground applied for adjacent to First GoldExploration Pivert/Rose property.
The three separate claim groups are attached First Gold's Pivert/Roseproperty, bordering on the north, northeast and east. The three claimblocks total approximately 920 hectares. The ground has been appliedfor through GESTIM, and the applications have been paid and theapplications have been acknowledged as received by the Quebec Ministeredes Ressources Naturelles et de la Faune.
The claims applied for cover the same general geology as groundowned by First Gold as outlined on the GESTIM on-line staking service.
Terms of the deal call for Alix to pay the vendor a total of$50,000 and two million shares of the company on claim applicationapproval and TSX Venture approval.
First Gold Exploration announced in Stockwatch on Jan. 21, 2010, the following results from the Pivert/Rose property:
- Non-chosen grab sample No. 430917:
- 4.6 per cent Li2O;
- 390 grams per tonne (g/t) rubidium (Rb);
- 51.4 g/t tantalum (Ta);
- 67.7 g/t niobium (Nb);
- 106.5 g/t gallium (Ga);
- 90 g/t beryllium (Be);
- Non-chosen grab sample No. 430918:
- 3.17 per cent Li2O;
- 1,290 g/t Rb;
- 44.3 g/t Ta;
- 72.6 g/t Nb;
- 92.9 g/t Ga;
- 65.1 g/t Be.
President Mike England states, "We are very excited about the prospectsthis opportunity presents to us in a region that has garnered muchrecent market attention in the very hot rare earth elements market."
