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ALIX AND MILLROCK ANNOUNCE EXPLORATION PROGRAM PLAN FOR
DIVIDE PROJECT, NOME, ALASKA
February 19, 2008, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N – FRANKFURT) along with its partner Millrock Resources Inc. is pleased to announce its plans for the 2008 exploration program at the Divide Project, near Nome, Alaska.
Millrock will operate the exploration program that is expected to cost approximately $1.5 million, with costs borne equally by the partners. The program will consist of:
Philip St. George, Vice-president of exploration for Millrock, states: “The Divide Project offers an excellent opportunity to develop a high grade, near-surface gold resource. There is a lot of gold in this mineralizing system. The key to discovery of an economically exploitable resource at Divide is identifying places where structures intersect brittle rock units conducive to formation of large vein systems and stockworks. The aggressive program we have planned will determine whether such zones are present on the property.”
The ground magnetic survey will be carried out in March, when snow conditions will permit rapid data collection. The survey data will aid in identification and tracing of structures, lithologic units, and alteration zones in an early June field mapping program. Reverse circulation drilling and trenching will also commence in June. The initial target area will be the Stoneman prospect. At this location, visible gold is observed at surface in talus and weathered, broken bedrock. Further along strike, previous trench sampling returned values of 16.21 g/t Au over 16.76 m. However, drill holes immediately undercutting the trench did not provide results of similar magnitude. To resolve the discrepancy, and to expose the mineralization for thorough observation and evaluation, the company will excavate a large trench or open cut. A bulldozer will be used to strip overburden, and an excavator used to dig trenches across the mineralized zone. Explosives will be used if necessary to expose fresh rock. Channel sampling will be achieved with a diamond saw. The zone will be undercut with a series of relatively closely spaced reverse circulation drill holes. The objective of this portion of the program is to determine if a high grade chute is present in the vein system, and if so, to delineate the resource. If the results warrant, a bulk sample will be collected in a contingent, late season program.
A core rig will be used to test at various places along the southern soil anomaly, and along projections of both anomalies beneath deeper cover.
The Divide Property is located in the prolific Cape Nome mining district about 45 kilometres north of Nome, Alaska. Access to the property is via the Nome-Taylor highway which crosses the eastern boundary of the 1,424 ha claim block. Millrock can earn a 50% interest in the project from Alix by paying 50% of all costs associated with the Divide Option, and a total of USD500,000 over a five year period. Additionally Millrock will issue 500,000 common shares to Alix. Millrock is the exploration operator.
Underlain by structurally deformed, retrograde greenschist facies metasediments (turbidites and related deep water sediments); the rocks at the Divide Property are of late Proterozoic to Paleozoic age. These same rocks are the source of the alluvial gold deposits of the Nome camp, where approximately five million ounces of gold has been produced by placer mining methods. The Rock Creek Mine, a lode mine currently being commissioned by NovaGold Resources Inc., is located approximately 33 kilometres to the southwest. Gold mineralization at Rock Creek is hosted in a similar geological setting to that at Divide.
For further information we invite you to visit us at www.alixresources.com.
Alix is a junior mineral exploration company focused on acquiring potential world class properties in North America.