Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Imagine Lithium Inc. V.ILI

Alternate Symbol(s):  ARXRF

Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in 2023. Imagine has launched a property wide exploration program on the ~18.8k ha Jackpot project.


TSXV:ILI - Post by User

Bullboard Posts
Post by Boxcar1964on Sep 09, 2016 8:37am
186 Views
Post# 25221067

Alix Discovers 4 New Lithium Mineralized Zones on the La Cor

Alix Discovers 4 New Lithium Mineralized Zones on the La Cor

Alix Discovers 4 New Lithium Mineralized Zones on the La Corne 2 (West Canada Lithium) Located in the Preissac-Lacorne Area in Abitibi, Quebec


Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce its exploration program revealed four new mineralized zones located in the southern part of the La Corne 2 property where spodumene-bearing granitic pegmatite dykes are exposed. The property is located adjacent and on strike with the Chinese-based Jilin Jien Nickel Industry Co. (“Jilin”) Quebec Lithium Mine property.

Mike England, President and CEO of Alix Resources Corp. commented “This discovery is very significant for Alix as it gives us a clear indication that we have mineralized lithium zones on our property and provides clear guidance on our exploration program. These mineralized dykes appear to be along strike of the past producing Quebec Lithium Mine. Our business model is to acquire and explore lithium assets which have historical lithium resources or are near past producing. Once we have received the assay results from our recent grab and channel sampling program we will determine our next steps which will likely include more detailed mapping and geophysical surveys to unveil further mineralized zones followed by a drilling campaign on the more prospective targets.”

The initial program consisted of preliminary mapping of the principal exposed lithologies with an emphasis on granitic pegmatite dykes. Grab and channel sampling of spodumene-bearing granitic pegmatite dykes and other potential Li-bearing pegmatites was conducted.

Based on the positive geological observations from the recent program, the company is fast tracking the permitting of a maiden Phase 1 diamond drill program on these targets.

Two principal sites are characterized by spodumene-rich, moderately to steeply dipping dykes or a principal anastomosed dyke. One area exposes a dyke or a series of dykes striking 310° and extending for 230 m along strike, whereas the other area presents a dyke or dykes striking 127° with a length of 130 m. The new pegmatites sites are situated along the northwestern extension of the Quebec Lithium Mine spodumene-rich dyke swarm. The spodumene-bearing dykes present a similar mineralogy to that of their Quebec Lithium counterparts: quartz, feldspar, spodumene, biotite-muscovite, with accessory pink-yellow garnet, colombo-tantalite and molybdenite. Grab and channel samples of the Li-mineralized dykes were submitted to the ALS Chemex Laboratory, in Val d’Or, Qc and the results are pending.

The technical contents of this release were approved by Michel Boily, PhD, P.Geo a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.


Read more at https://www.stockhouse.com/news/press-releases/2016/09/09/alix-discovers-4-new-lithium-mineralized-zones-on-the-la-corne-2-west-canada#IHPCUzwh3dXbLiJU.99

Bullboard Posts