Alix Resources Acquires 22,635 Hectares Next to Bacanora Minerals's Sonora Lithium Project
Alix Resources (TSXV:AIX) has acquired two exploration concession applications in Mexico comprising 22,625 hectares. The property adjoins the Sonora lithium project, owned by Bacanora Minerals (TSXV:BCN,LSE:BCN) and Rare Earth Minerals (LSE:REM) Minerals.
Alix Resources (TSXV:AIX) has acquired two exploration concession applications in Mexico comprising 22,625 hectares. The property adjoins the Sonora lithium project, owned by Bacanora Minerals (TSXV:BCN,LSE:BCN) and Rare Earth Minerals (LSE:REM).
As quoted in the press release:
The concessions being acquired by Alix target extensions of lithium-bearing host horizons contiguous to the Sonora Lithium Project owned by Bacanora Minerals Ltd. (BCN) and Rare Earths Minerals PLC (REM) (a partnership known as BCN/REM). The 2010 greenfield lithium discovery at BCN/REM’s property is now being fast-tracked to production. The Sonora Lithium Project is comprised of a lithium resource hosted in hectorite and polylithionite clays within a volcano-sedimentary sequence.
Alix Resources is acquiring a 100% interest in the two concession applications, “Tule” and “Tecolote”, via a Mexican company based in Hermosillo, Sonora, Mexico. The Mexican company has submitted applications for the concessions with the Mexican Mining Authority.
Alix Resources president, Mike England, said:
Alix’s Mexican consultants have succeeded in acquiring the only readily available ground on the inferred lithium trends and contiguous to BCM-REM Sonora Project. Our concessions are extremely well situated and, being on the same trend as Bacanora’s growing deposit, have us eager to commence work in the coming weeks.