Welcome To The Alix Resources Corp HUB On AGORACOM
Alix has a portfolio of projects, including an impressive land package with 21 square miles of claims in close proximity to Sumitomo's Pogo Mine.
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash


AGORACOM WIRE - WEDNESDAY MAY 23RD


LOMIKO METALS - Graphite and Zinc Price Outlook is Favourable Through 2013  Read More 

  • Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.
  • The price for flake graphite is $ 1,500 - 3,000 per tonne depending on flake size and grade.

Lomiko Metals is a *Sponsor  |  Visit the Lomiko Metals HUB 

AGORACOM LAUNCHES FACEBOOK HUB Facebook closes at $34, below IPO price ... Now What?  ... BUY? SELL? GO TO HUB

GOT GRAPHITE? AGORACOM Graphite Stocks Blog Visit Blog

2.46 MILLION OUNCES PGM + GOLD - Pacific North West Capital Corp (TSX:PFN) Read More AGORACOM Twitter: On Palladium Equivalent, PFN  has 3.94M ounce M&I resource http://stks.co/3uSb Anglo Platinum a major shareholder *CLIENT

 

 

Message: NR from Feb. 2 Alix acquires claims in BC

Ballerina
Rank: [?]
President
Points: [?]
7871
Rating: [?]
Votes: 127 Score: 3.3
  • Currently 3.3/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

NR from Feb. 2 Alix acquires claims in BC

posted on Feb 09, 10 01:17PM
Alix Acquires Claims in B.C. With 2.04% Rare Earth Oxides Across 15 Meters
Alix Acquires Claims in B.C. With 2.04% Rare Earth Oxides Across 15 Meters

VANCOUVER, BRITISH COLUMBIA, Feb. 2, 2010 (Marketwire) -- ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) has entered into an agreement to acquire a block of claims totalling approximately 450 hectares in British Columbia which host a historic BC Minfile Rare Earth Oxide (REO) occurrence. BC Minfile reports that "a sample of chips taken at random across a 15 metre section returned... 2.04%REO" (Minister of Mines Annual Report 1965 p.266).

The second claim block consists of 2,100 hectares contiguous to and adjoining ground recently acquired by International Montoro Resources Inc. (TSX-V.IMT) and 1 kilometre from Spectrum Mining Corp's recently reported rare earth discovery. These claims are located approximately 80 km northeast of Prince George, B.C. and are northeast of Spectrum's "Main Showing".

In late October, Spectrum Mining reported significant rare earth element mineralization on its Wicheeda carbonatite-syenite breccia intrusive complex rare earth discovery. Highlights of Spectrum drilling included a 48.64 metre interval which averaged 3.55% rare earth elements ("REE"), a 72.0 metre interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in three separate drill holes. In 2009, eleven NTW diamond drill holes totalling 1835 m were drilled in the "Main Zone" from 2 new drilling platforms on Wicheeda. Spectrum reported that all eleven drill holes intersected significant rare earth mineralization and the Wicheeda deposit remains open in all directions.

To acquire 100% of these claims Alix will pay to the vendor $1,500 plus 500,000 common shares of Alix Resources, subject to TSX Venture approval.

REO's are members of the Oxide Class and contain, as a significant portion of their chemistries, members of the so called rare earth elements (REE's). REE's are critical components in many high-tech applications including hybrid motor vehicles, flat screen monitors, high-power magnets, consumable electronics (Blackberries, iPods, DVDs, cellular phones), green energy technology, fibre optics, super alloys for the aerospace and building industries, medical and dental lasers, the use in high-tech strategic military and defense weaponry. Although demand for REE's is growing rapidly, over 90 percent of global production is controlled by China, which has recently imposed restrictions on their exports.

Alix also announces that John Oness has resigned as a director and wishes him well in his future endeavours.

The company is pleased to welcome John Masters to the board. Mr. Masters is currently the Chief Financial Officer of Geo Minerals Ltd., has years of experience with public companies and is an integral part of the day to day operations of Alix.

Alix Resources is a junior exploration company actively seeking mineral and energy 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.

Source: Marketwire Canada (February 2, 2010 - 11:36 AM EST)

News by QuoteMedia
www.quotemedia.com

New Message

Please login to post a reply

AGORACOM Quick Tips

Small & Micro Cap 2.0 Blog by George Tsiolis ... Read it Now
Watch
Today's Show
in 00:00:000

President's D.D.

New feature: Hub Presidents can add important links here.