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ARCADIA DRILLING COMMENCES
May 29, 2008, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N – FRANKFURT) announces today that the camp is now set up on Arcadia and drilling is about to commence. Bolero Resources (BRU-TSX:V)(U7N – Frankfurt) has the right to earn 50% on the Arcadia Property.
The Arcadia property represents an Archean lode-gold deposit located on the Arctic Ocean in Canada's Nunavut territory, west of Bathurst Inlet and 140 kilometres west of Miramar Mining's Hope Bay greenstone belt. The property has a historic resource estimate of 640,650 tonnes averaging 7.2 grams per tonne gold (containing about 148,000 ounces of gold) in the north-central vein and 139,524 tonnes averaging 8.6 g/t gold (or 38,600 contained ounces of gold) in the Fred vein reported. These resource estimates were completed prior to 2001 and without a compliant technical report and in a manner inconsistent with National Instrument 43-101 and other disclosure requirements.
Dean Besserer, P.Geo of Apex Geological Services in Edmonton, and a qualified person as defined by NI 43-101, has approved the technical information in this release and is the qualified person for this project.
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.