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February 21st, 2014, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces it has acquired 1,889 hectares of claims contiguous to the entire northern border of Prosper Gold Corp.’s (PGX-TSX:V) Sheslay Cu-Au Porphyry Project located in northwestern British Columbia. The central and northern parts of Prosper’s Sheslay project include three Cu-Au porphyry targets - the advanced Star, the North Star and the East Star, each located within approximately one kilometer of each other. The claims are also contiguous with the northwestern corner of Garibaldi Resources Corp.’s (GGI-TSX:V) Grizzly Property as well as the northern boundary of Doubleview Capital Corp.’s (DBV-TSX:V) Hat Property.
The Company now holds 6,785 hectares of prospective claims in the Sheslay Valley, making it one of the largest landholders in a potential new world class mining camp.
“Alix is extremely pleased to have acquired these very strategic claims in the most exciting new exploration area of British Columbia where drilling discoveries have recently been announced on two separate properties,” stated Mike England, President of Alix Resources. "We continue to compile historical data for the region and anticipate an active exploration program in the coming field season.”
Terms of this acquisition with an arms-length party, over a 3-year term, include the payment of one million common shares of the Company, cash payments totaling $40,000 plus $134,000 in exploration expenditures A 2% NSR will also be granted with an option to purchase 1% back for one million dollars.
This transaction is subject to TSX Venture Exchange acceptance.
The technical contents of this release were approved by Dr. Dave Hedderly-Smith. Ph.D., P.Geo., technical advisor to Alix and a Qualified Person as defined by National Instrument 43-101.
Alix Resources is a junior exploration company focused on the emerging Sheslay Valley district. For further information please visit the Alix web site at www.AlixResources.com.
ON BEHALF OF THE BOARD
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Toll Free: 1-888-945-4770
Neither 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.