Alix Lithium surrounded by $250m cap REM/BCN In particular the most recently acquired higher-grade Gran 2 Buenavista concession.
Tecolote Concession: Northern concession comprising 4,500 hectares covering the N-S extension of the Megalit target of the BCN/REM Buenavista concession
Tule Concession
Alix's Tule Concession represents the southern portion of the Electra Project and comprises 18,125 hectares (approximately 15 kilometers east-west by 12 kilometers north-south). Recent BCN/REM presentations illustrate a series of four lithium-bearing beds that are interpreted to extend for several kilometers to the south of the BCN/REM property. Alix's Tule Concession covers the extension of three of these lithium-bearing horizons.
The mineralized trend on the BCN/REM property has been interpreted to extend approximately 15 kilometres SSE from the La Ventana Lithium Deposit to the location of another lithium prospect, and at least an additional 12 kilometers from this point, towards the Alix Tule Concession.
Tecolote Concession
Alix's Tecolote Concession is the northern component of the Electra Project and is located north of the Buenavista Concession at BCN/REM's Sonora Project and north of the village of Huasabas. The concession covers approximately 4,500 hectares. Intercepts from 11 of the 24 reverse-circulation (RC) holes drilled at the Buenavista Concession returned values in excess of 1,018 ppm Li and as high as 2,210 ppm Li (equivalent to 0.54% and 1.18% LCE, respectively) in a lithium-rich stratigraphic trend interpreted by Bacanora to extend north, through Alix's Tecolote concession (Bacanora PR, Jan 14, 2015). Alix's Tecolote concession covers approximately 7 kilometers of this interpreted stratigraphic trend.
The host rocks on BCN/REM's Buenavista concession are calcareous, fine-grained sandstone to mudstone intercalated with tuffaceous bands that are locally gypsiferous. The stratigraphic controls and strong bedding of the volcano-sedimentary sequences are projected to be traceable for long distances north of Buenavista concession.