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Message: Announces Positive Drill and Trench Results at Divide Project, Nome Alaska
| January 26, 2009 | ||
| Alix Announces Positive Drill and Trench Results at Divide Project, Nome Alaska | ||
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2009) - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) along with partner Millrock Resources Inc. (TSX VENTURE:MRO) are pleased to announce results from trenching and drilling at the Divide Project, near Nome, Alaska. Drill highlights of the program include: - 15.24 meters grading 3.1 g/t gold in hole DIV3004 - 1.52 meters grading 9.9 g/t gold in hole DIV3019 - 10.67 meters grading 1.2 g/t gold in hole DIV3002 - 6.10 meters grading 1.8 g/t gold in hole DIV3012 Trench highlights include: - 22.86 meters grading 2.2 g/t gold in trench DIV2016T - 16.76 meters grading 1.5 g/t gold in trench DIV2008T - 15.24 meters grading 1.1 g/t gold in trench DIV2012T "We are pleased with the outcome of the Divide 2008 exploration program. The results indicate the presence of minable grades of gold over the entire strike length of drilling for more than 1.4 kilometers," commented Gregory Beischer, Millrock President & CEO. "Encouraging near-surface intersections of gold mineralization were realized in 18 of the 21 short holes drilled and in 19 of the 21 trenches excavated. The drill and trench results are helping our geologists hone in on areas where resources can be defined with additional drilling. We will plan an aggressive exploration program for 2009 in which we will test for continuity between these drill intersections, at depth and along strike." The Divide 2008 exploration program, consisted of geological mapping, drilling of twenty-two reverse circulation holes totaling 2,656.3 meters and excavation of twenty-four trenches totaling 1,243.6 meters. The drilling and trenching successfully tested a previously identified, strong gold - arsenic soil anomaly that measures over 2,600 meters long and 660 meters wide. Geological mapping identified a strong east-west structural trend with veining that is interpreted to control thicker, higher grade zones. Future work on the Divide claims will be greatly aided by the overall results of the 2008 exploration program. The following table summarizes most of the mineralized intersections identified during the Divide 2008 drilling program using a cutoff grade of 0.5 g/t. From To Length Au HoleID (m) (m) (m) (g/t) ----------------------------------------------- DIV3001 47.24 53.34 6.1 1 DIV3002 53.34 64.01 10.67 1.2 DIV3003 9.14 13.72 4.57 1.4 DIV3003 91.44 99.06 7.62 1 DIV3004 67.06 82.3 15.24 3.1 including 70.1 73.15 3.05 11.8 DIV3005 111.25 114.3 3.05 1.1 DIV3006 18.29 19.81 1.52 2.5 DIV3009 19.81 27.43 7.62 1.4 DIV3009 76.2 77.72 1.52 3.8 DIV3012 7.62 13.72 6.1 1.8 including 7.62 9.14 1.52 5.9 DIV3012 73.15 80.77 7.62 1.4 DIV3017 59.44 64.01 4.57 1.3 DIV3018 9.14 13.72 4.57 0.8 DIV3019 97.54 99.06 1.52 9.9 From To Length Au HoleID (m) (m) (m) (g/t) ----------------------------------------------- DIV2002T 38.1 39.62 1.52 2.1 DIV2003T 15.24 16.76 1.52 3.3 DIV2005T 1.52 3.05 1.52 2.2 DIV2006T 7.62 9.14 1.52 5.3 DIV2007T 35.05 41.15 6.1 1 DIV2008T 4.57 7.62 3.05 1.3 DIV2008T 19.81 36.58 16.76 1.5 Including 22.86 27.43 4.57 2.6 DIV2008T 42.67 44.2 1.52 5.2 DIV2009T 7.62 9.14 1.52 3.2 DIV2010T 24.38 32 7.62 1.3 DIV2012T 18.29 33.53 15.24 1.1 DIV2014T 13.72 15.24 1.52 3.9 DIV2016T 3.05 10.67 7.62 1.6 DIV2016T 13.72 36.58 22.86 2.2 DIV2017T 36.58 39.62 3.05 1.5 DIV2018T 13.72 16.76 3.05 1.1 DIV2018T 19.81 22.86 3.05 1.4 DIV2020T 10.67 12.19 1.52 2.1 The Divide Property is located in the prolific Cape Nome mining district about 45 kilometers 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. Alix is jointly exploring the property with Millrock and the two companies will each hold a 50% interest once the terms of an underlying option agreement have been met. The rocks at the Divide Property are underlain by structurally deformed, retrograde greenschist facies metasediments (turbidites and related deep water sediments) and are of late Proterozoic to Paleozoic age. These same types of rocks are the source of the alluvial gold deposits of the Nome camp, where approximately 5 million ounces of gold has been produced by placer mining methods. The Rock Creek Mine, located approximately 33 kilometers to the southwest of the Divide Property, hosts gold mineralization in a similar geological setting and is potentially being developed by NovaGold Resources Inc. The 2008 exploration program at the Divide Project was supervised by Gregory Beischer, Millrock's President and Chief Executive Officer and a Qualified Person as defined by NI 43-101, who also prepared and approved the information contained in this release. Mineralized intervals were sampled and placed in sealed bags and delivered to Alaska Assay Lab in Fairbanks, Alaska for analysis. Each sample was screened for metallics and a 1000-gram aliquot was used for a fire assay. A sample quality control/quality assurance program was conducted and successfully determined the acceptability of the Divide 2008 exploration program results. For further information we invite you to visit us at www.alixresources.com. Alix is a junior mineral exploration company focused on acquiring and developing potential world-class properties in North America. ON BEHALF OF THE BOARD Michael England, President |
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