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

Alix Resources Corp.

February 19, 2013 08:00 ET

Alix Reports Positive Assays for First Phase of Sampling at Golden Granite, Yavapai County, Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2013) - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) is pleased to announce results for its first phase of mapping and sampling at the Golden Granite Property, located 112 kilometers (70 miles) northwest of Phoenix along Highway 93. The 518 hectare (1,280 acre) property includes the historic Big Stick Mine, and the Santa Maria - Homestake Mine which was acquired last month (see Alix news release, January 16th, 2013). Composite chip sampling returned 3.29 grams per tonne (g/t) gold over 10 meters, and two sets of three contiguous samples averaged 0.30 g/t Au over 27.5 meters, and 0.21 g/t Au over 45.5 meters.

Roughly 365 hectares (900 acres) of the project area have been mapped, and 19 composite chip samples were collected over the same area. The mapping has revealed that in detail, Proterozoic exposures are a mixture of granite, gneiss and schist. Younger cover in the area consists of Tertiary volcanic and sedimentary rocks, and Quaternary cover. Composite chip sampling focused on exposures of iron-oxide stained and variably fractured granite. The samples were submitted to ALS Minerals (North Vancouver, B.C.) for gold assay using protocol Au-SCR24. Half of the samples returned assays >0.2 g/t Au. Sample details and results are listed in the table below.

Sample
wt.,
kg
Sample
length,
m

Au,
g/t
Sample
wt.,
kg
Sample
length,
m

Au,
g/t
6.56 10 3.29 9.02 7.5 0.63
11.38 27.5 0.30* 6.69 8.1 0.36
26.11 45.5 0.21* 3.39 3 0.26
*weighted average of three samples.

Alix President and CEO Mike England states, "The phase-one sampling is widely-spaced and reconnaissance in nature, but the results demonstrate that our claim position lies within a gold-enriched region. We intend to follow up with more intensive sampling and mapping in the coming weeks."

Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 43-101, has reviewed the technical information contained in this release.

Alix Resources is a junior exploration company actively seeking mineral 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

Neither 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.
    1-604-683-3995 or Toll Free: 1-888-945-4770
    1-604-683-3988 (FAX)
    www.alixresources.com