Business
Alix Resources Drills 33 Metres of 1,058 ppm Lithium at Agua Fria Project
Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce the completion of its
About this update from Imagine Lithium Inc
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce the completion of its drill program on the Electra Project in the Agua Fria property located in Sonora, Mexico, in partnership with Lithium Australia. In total 16 RC holes were completed totaling 1762 meters of drill material on multiple targets (Table 2). Highlight of the exploration program includes the discovery of the “West Flank” lithium zone, which extends in a NNW-SSE direction for nearly 2.5 km on the western portion of the Agua Fria concession. The “West Flank” lithium target is the most significant target and is defined by A surface grid sampling completed in May 2017 (rock chip sampling), with 33 samples returning Li assays around 1,000 ppm out of 187 samples in total; Three trenches undergoing systematic and continuous sampling yielding 949 ppm Li over 31 m, 954 ppm Li over 25 m and 928 ppm Li over 43 m, respectively. RC drill holes collared on the West Flank Target produced: 1,058 ppm Li over 33 m from the collar (AF-17-01), 1,031 ppm Li over 48 m form 63 meters (AF-17-02), 917 ppm Li over 30 m from 27 meters (AF-17-03), and 1,050 ppm Li over 24 m from the collar (AF-17-14) (see Table 1). RC drill holes sunk on the edge (east side) of the West Flank Target revealed assay values of 867 ppm Li over 24 m from the collar (AF-17-11), and 816 ppm Li over 45 m from the collar (AF-17-12) (see Table 1), Other RC drill holes did not provide significant results. HOLE_ID From (m) To (m) Interval (m) Li (ppm) AF-17-001 3.0 85.0 82.0 938 Incl. 3.0 36.0 33.0 1058 54.0 75.0 21.0 1043 AF-17-002 63.0 138.0 75.0 966 AF-17-003 27.0 57.0 30.0 917 AF-17-004 3.0 36.0 33.0 991 AF-17-004 57.0 78.0 21.0 986 AF-17-005 72.0 96.0 24.0 906 AF-17-008 27.0 84.0 57.0 719 AF-17-012 0.0 45.0 45.0 816 AF-17-014 0.0 90.0 90.0 904 Incl. 0.0 24.0 24.0 1050 The West Flank lithium zone is 25 -50 m-thick, shallow dipping and provides the best potential to define a resource of significant tonnage near surface. Future efforts will be devoted to the West Flank target to establish the stratigraphic control of higher lithium concentrations. New metallurgical testing, revealed acid leaching at 50°...