AIX

ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N)
is pleased to announce the completion of its 2012 exploration program at the
Money Rock / West Pogo gold project, located 80 kilometers southeast of
Fairbanks, Alaska. Two NQ core drill holes were completed on the West Pogo
portion of the project, and two were completed at Money Rock for a total
meterage of 1,474 meters (4,835.5 ft.). The four inclined holes tested the
subsurface expression of a surface rock and soil gold anomaly that extends for
over 1,000 meters (3,000 ft.) across both properties, and all holes encountered
zones of hydrothermal alteration and sulfide mineralization. The project is
located only 3.5 kilometers (two miles) west of the Pogo Mine, operated by
Sumitomo Metals Corp. and producing nearly 400,000 ounces of gold each year
(Alaska Division of Geological and Geophysical Surveys Special Report 65, 2011).



At West Pogo, drillhole WP-12-01 was collared on the northern edge of the
claims, and drillhole WP-12-02 was collared 832 meters (2,730 ft.) to the
east-northeast. As reported previously, two drillholes on the West Pogo portion
of the project encountered metagranite with sericite-altered, iron-stained zones
of brecciation and veining with arsenopyrite +/- pyrite that appeared to
increase with depth (see news release, July 25, 2012). 


At Money Rock, the first drillhole was collared 732 meters (2,400 ft.)
north-northeast of WP-12-02 and drilled to the southeast. Drillhole MR-12-01
encountered paragneiss from surface to 59 meters (195 ft.), followed by
alternating intervals of metagranite from 59-268 meters (195-881 ft.),
paragneiss from 268-308 meters (881-1,011 ft.), metagranite from 308-328 meters
(1,011-1,077 ft.), and paragneiss to the end of the hole from 328-401 meters
(1,314 ft.). Drillhole MR-12-02 was drilled from the same collar and directed to
the east-southeast, encountering mixed paragneiss and metagranite from surface
to 46 meters (150 ft.), followed by metagranite from 46-110 meters (150-360
ft.), paragneiss from 110-137 meters (360-450 ft.), and metagranite to the end
of the hole from 137-463 meters (450-1519.5 ft.). Both drillholes exhibit broad
zones of sericite-carbonate-silica alteration with arsenopyrite and other
sulfides in veins and as disseminations. Collectively, all four holes have
demonstrated continuous alteration and mineralization at depth beneath the 1,000
meter long surface gold anomaly. More detailed descriptions will be provided as
logs are completed and complete assays are received in the coming weeks. The
exploration program also included the collection of 31 silt, 387 soil, and 119
rock samples over the project area. 


Alix is exploring the West Pogo part of the project under an agreement with
Corvus Gold Inc. (TSX:KOR) whereby Alix will complete USD $5M in work on the
project and pay $125,000 over five years to earn a 60% interest in the project
(see news release March 5th, 2012).


Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 43-101, has
reviewed the technical information contained in this release. 


Alix Resources Corp. is a junior exploration company actively seeking and
developing mineral opportunities for the benefit of all its stakeholders.
www.alixresources.com.


Corvus Gold Inc. is a resource exploration company focused in Nevada, Alaska and
Canada which controls a number of exploration projects representing a spectrum
of early-stage to advanced gold projects. www.corvusgold.com.


ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement:

Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Alix Resources
Corp. Actual results may differ materially from those currently anticipated in
such statements.

Grafico Azioni Alix Resources Corp. (TSXV:AIX)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Alix Resources Corp. (TSXV:AIX)
Storico
Da Lug 2023 a Lug 2024