Alix Initiates Maiden Drill Program ON Its Agua Fria Lithium Project, Sonora Mexico
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Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
ALIX INITIATES MAIDEN DRILL PROGRAM ON ITS AGUA FRIA LITHIUM PROJECT,
SONORA MEXICO
March 27 th, 2017 , Vancouver, BC, Canada –ALIX RESOURCES CORP. (“Alix” or the
“Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce the commencement of the
maiden drill program, in partnership with Lithium Australia (49%), on its Agua Fria property, Electra
Project located in Sonora, Mexico. The planned program envisions approximately 3,000 meters of
reverse circulation drilling over a 5 kilometer prospective strike length of sedimentary units hosting
lithium-enriched clay horizons. Lithium mineralization on the Agua Fria project is similar to that of the
nearby Sonora lithium project, owned by Bacanora Minerals Ltd. (BCN-TSX:V), and Rare Earth
Minerals PLC (REM).
Highlights of the Agua Fria project include:
- Trench samples demonstrating elevated lithium grades (up to 1,340 ppm)
- Lithium-mineralized clays have been sampled and mapped for over five kilometers on strike
- Metallurgical testing is in progress under the direction of Lithium Australia . The metallurgy
shows good potential to develop simple beneficiation strategies to recover lith ium-bearing
components from the “clay” material, directed at producing a higher grade concentrate prior to
process, subsequently reducing the treatment costs.
- This drill program is believed to be the first, “field test” application of Laser Induced Breakdown
Spectroscopy (LIBS) technology, developed in conjointly by Lithium Australia and Sc i-aps.
This new technology will allow for real-time field analysis of drill cuttings
- Lithium Australia is the funding partner with Alix, and has increased its equity position to 49%
on the Electra Project, which includes the Agua Fria property.
- In addition to significant lithium values, the clay horizons at Agua Fria are anomalous in
potassium. On the nearby La Vantaa deposit, Bacanora reports indicate potassium (K) sulfate
(K2SiO4), as a valued by-product to their economic models, expected to be sold as a high-quality
Sulfate of Potash ("SPO") fertilizer.
Mike England, President of Alix, stated: "We are very pleased to be initiating the maiden drill program
on the Agua Fria lithium clays discovery. With a n international team of Canadian, Australian and
Mexican personnel, the objective is to discover lithium -rich clay deposits similar in grade and size to
that of the Bacanora/REM La Vantana deposit."
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The technical contents of this release were approved by Dr. Michel Boily, PGeo, a qualified person as
defined by National Instrument 43 -101. The properties have not been the subject of a National
Instrument 43-101 report.
The Company further announces the resignation of Christopher Ecclestone as its CEO. Mr. Ecclestone
will remain with the Company in an Advisory Board role.
About Alix Resources
Alix Resources is a junior mining exploration company focused on seeking and acquiring world class
lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the
Company.
ON BEHALF OF THE BOARD
“Michael England”
Michael England, President, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions. Such forward -looking statements reflect
management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors
are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date
hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or
revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by
these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).