Business
Alix and Cloudbreak Acquire More Land in Yukon's White Gold District
Alix and Cloudbreak Acquire More Land in Yukon's White Gold District
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[{"type":"text","content":"\nAlix and Cloudbreak Acquire More Land in Yukon's White Gold District\n\n\n Aug. 12, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- ALIX RESOURCES CORP. (TSX VENTURE:AIX)(FRANKFURT:37N) and CLOUDBREAK RESOURCES LTD. (TSX VENTURE:CDB)(FRANKFURT:C6K) (The \"Companies\") announce they have increased their land position in the vicinity of Underworld's (UW-TSX:V) White Gold discovery in the Yukon by optioning approximately 150 new claims in addition to the approximate 145 claims already held.\n\nTerms of the deal are: Alix and Cloudbreak have committed to a minimum $20,000 ground program on the new ground picked subject to this agreement. For this the vendor will transfer all remaining claims (approximately 45) attached to the recently announced \"Lucky\" acquisition. This will bring the total \"Lucky\" claims to approximately 170. Upon performing the required work program, the Companies then will have the option to acquire the 2 new claim blocks consisting of an 88 claim block and a 25 claim block by issuing to the vendor, Mr. Blair Naughty, 1 million shares of Alix Resources and 1.25 million shares from Cloudbreak; $37,500 from each Company; a 3% NSR with 1% purchasable for $1,000,000 at any time plus commit to spend $250,000 in year one. \nThis transaction is subject to TSX Venture approval. \nAlix and Cloudbreak are currently awaiting results from a systematic geological and geochemical survey carried out on the initial claim block (see PR July 22, 2009). \nIt is the intention of the Companies to continue surface exploration programs on all the claims with the goal of beginning a drill program this summer. \nFor further information please visit the Companies websites located at www.alixresources.com and www.cloudbreakresources.com. \nSOURCE: Alix Resources Corp. \nAlix Resources Corp. Michael England President 1-604-683-3995 or Toll Free: 1-888-945-4770 www.alixresources.com Cloudbreak Resources Ltd. Richard Macey President 1-604-669-0401 www.cloudbreakresources.com\n\n\n\n","length":2152,"tagName":"div"}]