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October 14, 2016, Vancouver, BC, Canada –ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to report significant milestones achieved on its Tecolote concession, Electra Project located in Sonora, Mexico. The Company has previously confirmed a target sedimentary assemblage with the potential of hosting economic lithium-bearing, clay-rich horizons (Press Release June 30, 2016).
The Company’s geologists are currently reviewing RC drill bids and scheduling activities related to the Phase 1 drill program, and the Company is in consultation with its Joint Venture (and funding) partner, Lithium Australia.
Mike England, president of Alix, stated: "We are very pleased to have both community support and environmental permits in hand to allow us to initiate a maiden Phase 1 RC drill program on the Tecolote concession, with the support of our partners, Lithium Australia. The drill program will include a series of shallow drill holes in the recognized sedimentary assemblage and also in some alluvium-covered areas. The objective is to discover lithium-rich clay layers similar to that of the Bacanora/REM Buenavista deposit."
Adrian Griffin of Lithium Australia commented: “The significant opportunity afforded by near-surface mineralization of this type is of great importance to our global exploration efforts. We had no hesitation supporting the Alix exploration plan and look forward to a successful outcome.”
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.
The Company further announces the resignation of David Lajack from its Board of Directors. Mr. Lajack will stay involved with the Company on its Advisory Board.
About Alix Resources
Alix Resources is a junior mining exploration company focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.
ON BEHALF OF THE BOARD
Michael England, President, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
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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.