VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/03/12 -- ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) announces that it has completed phase one sampling 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, where an annual average of just under 400,000 ounces of gold is produced (Alaska Division of Geological and Geophysical Surveys Special Report 65, 2011). Over 300 samples have been collected to date, including 210 soil, 34 stream sediment, and 82 rock grab samples. Drilling has now commenced as well with Core One Drilling (Delta, Colorado) engaged to complete the 1,800 meter (6,000 ft) core drill program.
The Money Rock/West Pogo ground shares very similar geology to that at Pogo. Previous work at West Pogo identified two zones of gold mineralization from rock-chip grab samples with up to 118.5g/T gold. Drilling has begun at West Pogo within the largest of these two zones, and is designed to test for potential mineralization along roughly NW-trending structures identified through re-interpretation of geophysical data for the area. The exploration samples have been submitted for assay to ALS Minerals, with results expected in the coming weeks. The results will be used to guide the phase two exploration program.
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 and developing mineral opportunities for the benefit of all its stakeholders. www.alixresources.com