More land acquiredHope it doesn't affect the slide down to 6 cents :) at least for a while.
Alix and Cloudbreak acquire more land near Underworld
2009-07-29 05:29 ET - News Release
Also News Release (C-CDB) Cloudbreak Resources Ltd
Mr. Michael England of Alix reports
ALIX AND CLOUDBREAK ACQUIRE MORE LAND IN YUKON'S WHITE GOLD DISTRICT
AlixResources Corp. and Cloudbreak Resources Ltd. have collectivelyacquired a further 125 claims in the vicinity of Underworld's WhiteGold discovery in the Yukon.
As announced in Stockwatch on July7, 2009, Alix and Cloudbreak entered into a joint venture agreement tojointly acquire and perform work programs in the White Gold district.These new claims bring the total claim count to approximately 150claims, or 3,105 hectares, making this land position one of the largestin the vicinity of Underworld's White Gold discovery of 103 metres of3.4 grams per tonne gold (see news release issued in Stockwatch on May26, 2009).
Terms of the deal are: Alix and Cloudbreak shall issueto the vendor, Blair Naughty, 2.5 million shares and $25,000 from eachcompany, issue a 3-per-cent net smelter return royalty with 1-per-centpurchasable for $1-million at any time plus commit to spend $250,000 inyear one.
Alix and Cloudbreak are in the process now ofperforming a systematic geological and geochemical survey of theinitial claim block (see news release issued in Stockwatch on July 22,2009).
It is the intention of the companies to continue surfaceexploration programs on all the claims with the goal of beginning adrill program this summer.