Alix Acquires Yukon Properties From Strategic Metals Ltd

- January 31st, 2011

Alix Resources (CVE:AIX) announced that it has signed an agreement with Strategic Metals (CVE:SMD) to earn a 100% interest in a portfolio of five properties located in Yukon Territory.

Alix Resources (TSXV:AIX) announced that it has signed an agreement with Strategic Metals (TSXV:SMD) to earn a 100% interest in a portfolio of five properties located in Yukon Territory.

The press release is quoted as saying:

Corky is located 125 kilometers northwest, and Meloy is located 80 kilometers north-northwest, of the community of Haines Junction. Both are copper-gold prospects with potential molybdenum (Corky) and tungsten (Meloy) credits. They are both porphyry targets associated with high level granitic intrusions. The 750 hectare Corky property has seen limited geophysical surveys and drilling, with eight drill holes totaling only 800 meters. Meloy covers 850 hectares, and has not been drill tested. Both properties warrant detailed soil geochemical sampling and geophysical surveys to define targets for drill testing.

Doug Eaton, President and CEO of Strategic Metals Ltd., said:

“We are excited to have Alix, with its team of very qualified geologists, join us in advancing these quality projects. Exploration in the Yukon is expected to be at record levels this year and we anticipate many new discoveries will be made,”

To access the full release , click here. 

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