Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce the acquisition of a 100% interest in a newly staked property located in southern Nevada from arm’s length vendors. The property comprises 15 unpatented mineral claims located on BLM (Bureau of Land Management) ground comprising 300 acres, as well as 10 newly located unpatented mineral claims comprising 200 acres to give a total acreage of 500 acres.
Alix is an active explorer of lithium in clay and hectorite host rocks, with an active project in Sonora, Mexico currently being drilled (see PR dated March 27, 2017). The Company’s Joint Venture partner on the Agua Fria Project (Electra) is global lithium developer Lithium Australia NL, whom are developing the Sileach™ processing approach for recovering lithium from silicate minerals including spodumene and mica.
President Mike England states, “This property represents a significant opportunity for the Company based on our knowledge and experience dealing with lithium in hectorites and our association with Lithium Australia. It is early days on this project; field crews are on site and more information will be forthcoming in the near future.”
Cumulative terms of the deal call for the Company to pay USD $112,500 in cash consideration, issue one million common shares and incur a total of USD $250,000 of work expenditures on the property. A two percent NSR will be granted to the vendors, one percent can be purchased back by the Company for USD $1,000,000.
Alix Resources is a junior mining exploration company focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.
