At Pogo, the best gold mineralization occurs in Paleozoic to late-Cretaceous orthogneiss and paragneiss country rocks intruded by late Cretaceous tonalite to granite. The newly-acquired Money Rock claims share the same geology, with most of the ground consisting of orthogneiss and paragneiss similar to that which is mapped at the Pogo Mine (from Werdon et al., 2004, Alaska Div. of Geol. & Geophys. Surv. Rept. Of Inv. 2004-1B, 19p.).
The new claims were acquired from the same vendors as the original Money Rock acquisition and fall under the same terms, whereby Alix has an option to earn 100% interest in the property by making cash payments totalling USD $210,000 over six years. The option is subject to a 2% NSR, which can be reduced to 1% through a USD $1M payment.
Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 43-101, has reviewed the technical information contained in this release.
Alix Resources Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information we invite you to visit us at www.alixresources.com.