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Alix and Lithium Australia Move Towards Drill Phase at Agua Fria Lithium Discovery, Mexico
VANCOUVER, BC / ACCESSWIRE / November 11, 2016 / ALIX RESOURCES CORP. (TSXV: AIX) (FSE: 37N) ...
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[{"type":"text","content":"Alix and Lithium Australia Move Towards Drill Phase at Agua Fria Lithium Discovery, MexicoVANCOUVER, BC / ACCESSWIRE / November 11, 2016 / ALIX RESOURCES CORP. (TSXV: AIX) (FSE: 37N) (\"Alix\" or the \"Company\") is pleased to report the completion l of a Phase 2 budget with their Joint Venture partner, Lithium Australia, NL to initiate a drill program at its newly discovered Agua Fria site containing lithium-rich clay formations that constitute part of the Electra project, Sonora, Mexico.\nHighlights of the Agua Fria discovery include:\n\n Significant lithium-rich clay layers identified southwest of the large Tule Concession (Electra Project) \n Clay horizons traced for approximately 4.5 km on strike, with indications of width attaining over 800 m. \n Apparent thickness of target layers reaching 20-30 metres \n Assays up to 1,190ppm Li. Additional assays pending \n Successful concession applications accepted \n The new concession included three ranches and Alix is currently negotiating for drill permitting, to be followed by environmental studies. There are no Ejido (community) surface (owner/co-op) rights requirements tied to the new concession application \n\nAlix geologists have just returned from Agua Fria where they carried out follow-up work aiming to better understand the factors controlling the distribution of >1000ppm lithium, to expand areas of known higher grade mineralization with channel sampling and sample additional prospective beds within the Agua Fria basin. The investigated area is at a sufficient development stage to consider the definition of drill targets.\nThirty one samples have been submitted to ALS Chemex in Hermosillo requesting the 4-acid method (ME-MS61) and the previously used ME-MS41 on 8 duplicate samples to provide some data comparison. The high lithium concentrations are associated with grey, brown and white colored clay-rich sedimentary beds dipping shallowly to the east and capped with basaltic flows. This sequence is similar to that found on the nearby La Ventana property held by Bacanora Minerals and REM.\nUnder the terms of the option and joint venture agreement, between the Company and Lithium Australia NL (LIT) to jointly explore and develop the Electra Project (comprising the Tule, and Tecolote concession applications, and the Agua Fria discovery area), an agreed upon Phase 2 comprise...