Alix Acquires Claims in B.C. With 2.04% Rare Earth Oxides Across 15 Metersadmin
ALIX RESOURCES CORP. has entered into an agreement to acquire a block of claims totalling approximately 450 hectares in British Columbia which host a historic BC Minfile Rare Earth Oxide (REO) occurrence. BC Minfile reports that “a sample of chips taken at random across a 15 metre section returned… 2.04%REO” (Minister of Mines Annual Report 1965 p.266).
The second claim block consists of 2,100 hectares contiguous to and adjoining ground recently acquired by International Montoro Resources Inc. (TSX-V.IMT) and 1 kilometre from Spectrum Mining Corp’s recently reported rare earth discovery. These claims are located approximately 80 km northeast of Prince George, B.C. and are northeast of Spectrum’s “Main Showing”.
In late October, Spectrum Mining reported significant rare earth element mineralization on its Wicheeda carbonatite-syenite breccia intrusive complex rare earth discovery. Highlights of Spectrum drilling included a 48.64 metre interval which averaged 3.55% rare earth elements (“REE”), a 72.0 metre interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in three separate drill holes. In 2009, eleven NTW diamond drill holes totalling 1835 m were drilled in the “Main Zone” from 2 new drilling platforms on Wicheeda. Spectrum reported that all eleven drill holes intersected significant rare earth mineralization and the Wicheeda deposit remains open in all directions.
To acquire 100% of these claims Alix will pay to the vendor $1,500 plus 500,000 common shares of Alix Resources, subject to TSX Venture approval.
REO’s are members of the Oxide Class and contain, as a significant portion of their chemistries, members of the so called rare earth elements (REE’s). REE’s are critical components in many high-tech applications including hybrid motor vehicles, flat screen monitors, high-power magnets, consumable electronics (Blackberries, iPods, DVDs, cellular phones), green energy technology, fibre optics, super alloys for the aerospace and building industries, medical and dental lasers, the use in high-tech strategic military and defense weaponry. Although demand for REE’s is growing rapidly, over 90 percent of global production is controlled by China, which has recently imposed restrictions on their exports.
Alix also announces that John Oness has resigned as a director and wishes him well in his future endeavours.
The company is pleased to welcome John Masters to the board. Mr. Masters is currently the Chief Financial Officer of Geo Minerals Ltd., has years of experience with public companies and is an integral part of the day to day operations of Alix.
Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.