Business
Alix and Cloudbreak to Combine Yukon Properties and Jointly Explore
Alix and Cloudbreak to Combine Yukon Properties and Jointly Explore
About this update from Imagine Lithium Inc
[{"type":"text","content":"\nAlix and Cloudbreak to Combine Yukon Properties and Jointly Explore\n\n\n Jul. 7, 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 that they have entered into a joint venture agreement with regards to the Companies recent acquisitions in the Yukon. Each Company will be responsible for 50% of all expenditures and work programs and will be joint operators of the combined property.\n\nThe lode quartz mineral claims, adjacent to the White Gold Property held by Underworld Resources Inc. (TSX VENTURE: UW) located in the Yukon, have been acquired by both Alix (see PR June 11th, 2009) and Cloudbreak (see PR June 15th, 2009). The combined 25 claims total approximately 1,000 hectares and are tagged directly to the east of Underworld's White Gold Project and approximately 4 km from the recently announced (May 26, 2009) discovery of 103 meters of 3.4 g/t Au. \nThe Companies will continue to seek additional claims in the area. \nAlix and Cloudbreak are now arranging to mobilize a field crew to the property as soon as possible to begin a systematic geological and geochemical survey of the claim block. This work will include detailed silt sampling of streams, along with rock and soil sampling and geologic mapping. It is the intention of the Companies to begin the surface exploration program as quickly as possible with the goal of beginning a drill program this summer. \nThe technical contents of this release were approved by Alix Advisory Board member and qualified person as defined by National Instrument 43-101, Dr. Tom McCandless, P.Geo. \nFor further information please visit the Companies websites located at www.alixresources.com and www.cloudbreakresources.com. \nON BEHALF OF THE BOARD \nMichael England, President Alix Resources \nRichard Macey, President Cloudbreak Resources \nNeither 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. \nContacts: Alix 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.cloudbreakresour...