Alix Resources Corp.
TSX VENTURE : AIX
FRANKFURT : 37N

Alix Resources Corp.

October 22, 2013 13:59 ET

Alix Locates Operating Mill for Testing Bulk Samples From Its Santa Maria-Homestake Gold Mine, Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 22, 2013) - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) is pleased to announce that it has engaged an operating mill to process bulk samples from its Golden Granite project in northwestern Arizona. The mill is located in Aguila, Arizona, along well-established paved highways and only 100 miles (160 km) from the Golden Granite project. The Golden Granite project includes the historic Big Stick Mine, a high-grade quartz vein system with reported grades of over 13 grams per tonne Au (0.4 oz/ton) over one meter widths (L.A. Smith, 1958. Arizona Dept. of Mineral Resources, Field Engineers Report, 1p.), and over eight grams per tonne gold in recent grab samples of fractured, limonitic granite outcrop. The historic Santa Maria-Homestake Mine, operated as recently as the mid-1980's with gold grades of 3.5-13 g/t (0.1-0.38 oz/ton) was subsequently added to the Golden Granite project (see news release January 16, 2013). Data for the Santa Maria-Homestake Mine suggests that underground workings are in place to exploit a vein up to three feet in width, whose length and vertical extent are not known (Gray, D.S., 1985, Report on the geological mapping and sampling program, Santa Maria - Homestake Mine properties).

The Aguila mill is designed to reduce six-inch diameter rock (15 cm) to -100 mesh pulp through a jaw crusher, roll crusher and ball mill circuit, with a gold concentrate generated from the pulp through a series of Wilfley tables. The mill has a processing capacity of 50 tons (imperial) per day. The concentrate will be treated at a separate facility to separate the gold into bullion. The Company is investigating the possibility of re-starting the mining operation and bulk samples will be processed through the Aguila Mill as a part of that investigation (see news release, January 8, 2013).

The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.

Alix Resources is a junior exploration company actively seeking mineral opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.

ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement:

Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Alix Resources Corp. Actual results may differ materially from those currently anticipated in such statements. 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.

Contact Information

  • Alix Resources Corp.
    Michael England
    President
    1-604-683-3995 or Toll Free: 1-888-945-4770
    1-604-683-3988 (FAX)
    www.alixresources.com