Marketwire
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 7, 2013) - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) is pleased to announce that it has acquired the Windy Tungsten deposit, located 15 kilometers north of Cassiar in British Columbia. The Windy Property has seen several separate massive sulfide, molybdenite and tungsten exploration programs over the years that include reports of 0.70% WO3 in surface sampling and historic drilling that intersected 0.49% WO3 over 16.7 meters and 0.57% WO3 over 4.7 meters in two diamond drill holes (Kuhn, 1979, B.C. Mineral Resources Assessment report #7520, 27p).
The Windy Project covers 1,500 contiguous hectares and is underlain by lower Cambrian clastic and carbonate units, intruded by the 100 million-year old quartz monzonite to granodiorite Cassiar batholith. The sedimentary units dip to the east to form the western limb of a syncline. Mineralization on the property includes several sulfide-bearing skarns, associated with a quartz feldspar porphyry, with Cu, Zn, Ag occurring as sulfides, and W as scheelite in the skarns. Locally, skarn alteration has affected much of the sedimentary package with found up to 200 meters from the intrusive-sedimentary contact. Recent soil sampling by UTM Exploration Services Ltd. (Smithers, B.C.) identified distinct areas of anomalous metals on the claims, including Zn in a linear zone on the eastern edge, Cu, Mo and W in the north-central portion, and a multi-element anomaly (Cu-As-Sb-W-Zn) that includes up to 1.82 ppm Au in the southwestern portion of the claims (Kuhn, 1979, B.C. Mineral Resources Assessment report #7520, 27p.; Driver and others, 1999, GSA Bull.112, No.7, p.1119-1133).
President and CEO Michael England states, "Prior exploration on Windy has focused was focused largely on the tungsten but both historic and recent work has demonstrated polymetallic potential. The Company intends to synthesize the various mineralization types into a consistent model that will guide our exploration efforts. Exploration can be carried out efficiently and economically, with most of the property accessible by vehicle. Additionally, the recession of glacial ice has exposed additional mineralization at surface in the western portion of the property. An extensive mapping and prospecting program is planned for the property, coupled with airborne geophysics to identify subsurface geology and potential drill targets."
The technical contents of this release were approved by Marvin A. Mitchell, P. Eng., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Mr. Mitchell has not verified the technical data disclosed in this release.
Alix Resources is a junior exploration company actively seeking mineral opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.
ON BEHALF OF THE BOARD
Michael England, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Alix Resources Corp. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.