Lithium grades up to 1,200 ppm Li along 4.5km strikeFrom last month's news release regarding flagship Electra project, for anyone new to Alix:
The lithium-bearing sediments have now been traced along strike for approximately 4.5 km with maximum widths up to 800m.
Results from 35 additional samples yielded values ranging from 235 to 1,190 ppm Li and averaging 625 ppm Li, with three assay values over 1,000 ppm. The high lithium concentrations are associated with grey and white colored clay-rich sedimentary beds dipping shallowly to the east and capped with basaltic flows. This sequence is similar to that found on the nearby La Ventana property held by Bacanora and REM.
The ongoing work at Agua Fria will help better understand the geological setting and outline the sites of high-grade lithium mineralization lying within this important assemblage of lithium-bearing sediments.
Mike England, president of Alix, states: "We are pleased to have found higher grades and increased the size of the new Agua Fria discovery and are very excited to keep advancing the property.”
Worth bearing in mind that lithium neighbours REM & BCN are worth a combined $200+ million.
Alix current market cap = $4 million
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Read more at https://www.stockhouse.com/companies/bullboard/v.aix/alix-resources-corp?postid=25365302#87ErEZe3meQMWvMq.99