Resource News

TSXV:AIX

Alix Resources Corp (TSXV:AIX) announced the assay results of the recent round of sampling at the Electra Project in Sonora, Mexico, where values as high as 246.0 parts per million lithium confirmed a target sedimentary assemblage with the potential of hosting economic lithium-bearing, clay-rich horizons.

Alix Resources Corp (TSXV:AIX) announced the assay results of the recent round of sampling at the Electra Project in Sonora, Mexico, where values as high as 246.0 parts per million lithium confirmed a target sedimentary assemblage with the potential of hosting economic lithium-bearing, clay-rich horizons. The Electra lithium project is contiguous to Baconora/REM’s Buenavista Lithium project.
As quoted in the press release:

In total, 42 samples were collected from claystones, sandstones and siltstones exposed in the target sedimentary sequence, yielding and average Li value of 167 ppm and a peak concentration of 272 ppm, which is considered very anomalous.

The sampling program identified two target areas located in the Central Basin and underlain by the target sedimentary sequence. The first target, the eastern area, is approximately 1,100 m long by 250 to 400 m wide. The second target area is located east of the Barisuqe river and 700 m SW of the first target and measures roughly 400 by 150 m. The zone in between the targets has also been mapped and is covered by extensive, thin alluvial sediments that may be underlain by the same prospective sedimentary sequence.

Both target areas in the Central Basin are likely to be expanded given the relatively flat-lying nature of the sedimentary beds and extensive, thin alluvial cover. Additional sampling and geological mapping has been completed and assays are pending.

Connect with Alix Resources Corp (TSXV:AIX) to receive an Investor Presentation.

MARKETS

Markets
TSX19119.63+258.27
TSXV623.05+5.79
DOW31097.26+321.83
S&P 5003825.33+39.95
NASD11127.85+99.11
ASX6539.90-28.20

COMMODITIES

Commodities
Gold1808.82+0.41
Silver19.98+0.13
Copper3.57-0.14
Palladium1934.21-10.79
Platinum887.00+1.00
Oil110.66+4.90
Heating Oil3.94+0.11
Natural Gas5.88+0.26

DOWNLOAD FREE REPORTS

×