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Alix, Geo Minerals locate coal seam near Wapawekka Lake...
Nov 03, 2008 09:36AM
Alix, Geo Minerals locate coal seam near Wapawekka Lake
Alix Resources Corp (C:AIX) Shares Issued 27,649,968 Last Close 10/30/2008 $0.065 Monday November 03 2008 - News Release
Also Geo Minerals Ltd (C:GM) News Release
Mr. Michael England of Alix reports
ALIX AND GEO ANNOUNCE FINDINGS OF RECENT GEOLOGICAL RECONNAISSANCE ON SASKATCHEWAN COAL PROPERTY
Alix Resources Corp. and Geo Minerals Ltd. have provided this update on the recent geological reconnaissance completed by company geologists on the Wapawekka Lake coal outcrops first priority coal dispositions area in Saskatchewan, northwest of the recent Goldsource Mines Inc. (GXS) coal discovery.
The geologists located the southwesternmost outcrop in the bank of Wapawekka Lake. A coal seam is exposed in the walls of a nearby open pit area, approximately 200 to 300 metres south of the coal outcrop in the banks of the lake. The coal seam exposed in the pit area walls appears continuous and is most likely the outcropping coal seam observed in the banks of the lakeshore. Due to the oxidized state of the coal samples, plans to test the quality will be deferred until unoxidized coal is obtained by way of drilling.
The company has been in the process of prioritizing drill targets and will announce drilling dates in the near future.
The area south of Wapawekka Lake and the shores of Wapawekka Lake have been identified by Pearson in 1961, and reported by Pearson in "silica sand and coal occurrences on Wapawekka Lake" as being of Cretaceous age. Within this report, Pearson states, "The coal outcrops at Wapawekka lake ... may indicate the northern edge of a coal field lying to the south, southwest and west of Wapawekka Lake." Subsequent to this report, Anglo American drilled an exploratory hole outside of the acquisition area in 1969, 18 miles due south of the Wapawekka Lake outcrops that intercepted 80 feet of coal at a depth of 627 feet, reported in assessment report 73I0001.
The technical contents of this release were approved by Geo Minerals director and Alix Resources advisory board member and qualified person as defined by National Instrument 43-101, Marvin Mitchell, PEng.