Alix Increases Land Position at Sheslay
14 Febrero 2014 - 5:01AM
Marketwired
Alix Increases Land Position at Sheslay
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 14, 2014) - ALIX
RESOURCES CORP. ("Alix" or the "Company")
(TSX-VENTURE:AIX)(FRANKFURT:37N) announces it has acquired
additional claims in the highly prospective Sheslay Valley region
of northwestern British Columbia. The Halt claims cover 993
hectares and were acquired from a third party vendor, and
additional mineral tenures totaling 2,193 hectares were also staked
by the Company. Collectively, the new acquisitions will be called
the Sheslay South Fork Project, which lies east of and contiguous
to a large land position held by Teck Resources Ltd., and southeast
of claims that were previously acquired by the Company (see
news release, February 5, 2014).
The Halt claims cover two Minfile showings, the VI and the Halt
prospects. The Halt showing is reportedly underlain by upper
Triassic Stuhini Group dacite and andesite, which have been
silicified and weathered (Geological and Geochemical Report on
the Halt Property, 1982, Minfile #10423, 27p.). The VI showing
is also underlain by upper Triassic Stuhini Group feldspar
porphyry, augite porphyry basalt flows, tuff and argillite that
have been intruded by a late Triassic and early Jurassic diorite to
granodiorite stock (1990 Geological and Geochemical Report on
the JC1-5 Claims, 1991, Minfile #21209, 36p.). The
newly-staked claims are located to the south of the Halt showing,
covering southerly tributaries of the Tahlian River. These claims
enclose several British Columbia government regional stream
sediment sample locations that are anomalous in gold (>11ppb
Au).
"We are very excited to have acquired these claims in a rapidly
emerging copper-gold porphyry district with two discoveries in the
last four months," stated Mike England, President of Alix
Resources. "We are presently reviewing historical data for the
project, and we anticipate an active exploration program in the
coming field season as portions of the Halt claims are
road-accessible via the old Golden Bear Mine access road. Alix is
also assessing additional possible acquisitions in the Sheslay
Valley, an under-explored region that will be a major focus of
exploration in British Columbia in 2014."
Purchase price of the Halt Property, from an arm's-length
vendor, is $200,000 and two million shares, over three years for a
100% interest, less a 1% Net Smelter Royalty (NSR), that can be
purchased at the Company's option for $1.0 million. Purchase price
of the newly-staked claims, from a non arms-length vendor, is three
million shares.
The Company further announces that it has arranged a
non-brokered private placement of 10 million units ("Units") at a
price of $0.05 per Unit for aggregate gross proceeds of $500,000
(the "Offering"). Each Unit will be comprised of one common share
("Share") and one Share purchase warrant of the Company
("Warrant"). Each whole warrant entitles the holder to purchase an
additional share at a price of $0.06 per share for a period of 12
months. Proceeds will be used for the Company's short term payables
and for general working capital.
The private placement is subject to TSX Venture Exchange
acceptance.
Finder's fees may be payable on the private placement, subject
to the policies of the TSX Venture Exchange.
The technical contents of this release were approved by Tom E.
McCandless, Ph.D., P.Geo., technical advisor to Alix and a
qualified person as defined by National Instrument 43-101. The
properties have not been the subject of a National Instrument
43-101 report, and Dr. McCandless has not verified the technical
data disclosed in this release.
Alix Resources is a junior exploration company actively seeking
mineral 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.
Alix Resources Corp.Michael EnglandPresidentTelephone:
1-604-683-3995 or Toll Free:
1-888-945-4770www.alixresources.com
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