Alix Resources announces that it has begun its 2012 exploration and drilling programs at its Money Rock and West Pogo gold projects, located 3.5 kilometers (2 miles) to the west of Sumitomo Metals Corp's Pogo Mine. Sumitomo produces an annual average of just under 400,000 ounces of gold at Pogo (Alaska Division of Geological and Geophysical Surveys Special Report 65, 2011).
Alix Resources announces it has signed a letter of intent on April 5, 2012 with Goldspan Resources Inc. which will allow Goldspan to obtain up to a sixty (60%) ownership interest in the 24,500 acre Golden Zone property in Alaska. The LOI requires Goldspan to spend $3.5 million over the next three years for exploration and development, make cash payments to Alix of $1,000,000, assume the balance of cash and share payments [...]
Alix Resources is pleased to announce that it has acquired the previously unclaimed ground between its Money Rock claims, creating a contiguous land position for Money Rock of 3,497 hectares. Combining these claims with ground acquired in the recent option agreement with Corvus Gold, Inc. (see Alix news release, March 5th, 2012), the Company now controls 21 square miles (5,439 hectares) of State of Alaska Mining Claims [...]
Alix announces it has entered into an agreement with Corvus Gold to option Corvus' 1950 hectare West Pogo (WP) project in Alaska. With the addition of the Corvus ground to Alix' adjacent Money Rock project the Company now controls some 2980 hectares of State of Alaska Mining Claims in this important area just three and a half kilometers (two miles) west of Sumitomo Minerals' Pogo Mine. The Pogo Mine road and power line [...]
Alix Resources is pleased to announce that all data from the Company's 2011 work at the Golden Zone gold-silver-copper property in the Valdez Creek Mining District in south-central Alaska are now in-hand and being reviewed by company geologists and consultants. Prospects on the property that were drilled in 2011 included the Riverside, Breccia Pipe, GAS, Long Creek and BLT prospects. Gold mineralization was found at all [...]
Caribou Copper Resources and Alix Resources are pleased to announce that the 2011 work program has been completed on the Vault Property located 140 kilometers northwest of Haines Junction in the Whitehorse Mining District of South-Western Yukon, and within 500 meters of the Wellgreen platinum group element project that is presently under resource evaluation by Prophecy Platinum Corp. (TSX VENTURE: NKL). Detailed mapping [...]
Alix Resources is pleased to announce results from 2011 drilling at the Golden Zone Breccia Pipe deposit at the company's gold-silver-copper property in the Valdez Creek Mining District in south-central Alaska. Two HQ diamond drill holes were drilled in 2011 at the Breccia Pipe deposit at the 10,000 hectare (24,500-acre) property. Drill Hole GZBX11-003 intercepted 256.0 meters (840 feet) from the surface to a depth of [...]
Alix Resoureces is pleased to announce results from 2011 drilling at the Riverside prospect at the Company's Golden Zone gold-silver-copper property in the Valdez Creek Mining District in south-central Alaska. Two HQ diamond drill holes were drilled at the Lower Riverside prospect at the north end of the 10,000 hectare (24,500-acre) property. Both holes encountered the Wells vein, a quartz-sulfide replacement vein in [...]
Alix Resources is pleased to announce that the company has completed its 2011 field program at the Golden Zone property in the Valdez Creek Mining District in south-central Alaska. The 2011 program consisted of mapping of geology and hydrothermal alteration at several of the prospects on the property, completion of a reconnaissance stream sediment sampling program for the 24,500-acre (10,000-hectare) property, collection [...]
Alix Resources and Caribou Copper Resources are pleased to announce that detailed mapping has identified additional mineralized outcrops on the Vault Property, located 140 kilometers northwest of Haines Junction in the Yukon. Detailed mapping has been completed over the southeastern one-third of the Vault Property by UTM Exploration, Inc. (Smithers, B.C.), on behalf of the joint venture. The detailed mapping has confirmed [...]
Alix Resources is pleased to announce the completion of two deep holes into the Breccia Pipe deposit at the Golden Zone property in the Valdez Creek Mining District in south-central Alaska. The two holes were designed to test the mineralized breccia pipe at depth and to provide mineralized material for future continued metallurgical testing. Both of the holes encountered significant zones of extreme visible [...]
Alix Resources and Caribou Copper Resources are pleased to announce positive assays from rock samples collected on the Corky Property, located 125 kilometers northwest of Haines Junction in the Whitehorse Mining District of Yukon. Assay results confirm the presence of copper mineralization both visually and from preliminary assay results. Complete assays with up to 2.14 wt.% Cu and 2.14 g/t Au have now been received.