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Alix and Millrock Announce the Start of Exploration at the Divide Project, Seward Peninsula, Alaska
Alix and Millrock Announce the Start of Exploration at the Divide Project, Seward Peninsula, Alaska
About this update from Imagine Lithium Inc
[{"type":"text","content":"Alix and Millrock Announce the Start of Exploration at the Divide Project, Seward Peninsula, Alaska\n\n\n\nAlix and Millrock Announce the Start of Exploration at the Divide Project, Seward Peninsula, Alaska\n\nVancouver, British Columbia CANADA, June 16, 2008 /FSC/ - Alix Resources Corp. (AIX - TSX Venture, 37N - FWB), along with its partner Millrock Resources Inc. (Millrock) is pleased to announce the commencement of its 2008 exploration program at the Divide Project, near Nome, Alaska. \n\nMillrock will operate the exploration program. The total project budget is $1.5 million, with costs borne equally by the partners. The program will consist of:\n\n * Lithological and structural mapping \n * Reverse Circulation drilling of ~ 3,600 meters in 25 to 30 holes\n * Trenching and channel sampling \n\nPhilip St. George, Vice-President of Exploration for Millrock, states: \"The Divide Project offers an excellent opportunity to develop a high grade, near-surface gold resource. There is a lot of gold in this mineralizing system. The key to discovery of an economically exploitable resource at Divide is identifying places where structures intersect brittle rock units conducive to formation of large vein systems and stockworks. The aggressive program we are about to embark upon will determine whether such zones are present on the property.\"\n\nThe initial target area will be the Stoneman prospect. At this location, visible gold is observed at surface in talus and weathered, broken bedrock. At the Saddle Zone, one kilometer to the southwest, previous trench sampling returned values of 16.21 g/t gold over 16.76 m. However, holes drilled by prior operators immediately undercutting the trench did not provide results of similar magnitude. To resolve the discrepancy, and to expose the mineralization for thorough observation and evaluation, the company will excavate a large trench or open cut. An excavator will be used to strip overburden, and explosives will be used to expose fresh bedrock, and clearly expose the mineralization for channel sampling. The Stoneman and Saddle zones will be undercut with a series of relatively closely spaced reverse circulation drill holes. The objective of this portion o...