Business
Arcadia Drilling Commences
Arcadia Drilling Commences
About this update from Imagine Lithium Inc
[{"type":"text","content":"Arcadia Drilling Commences\n\n\n\nArcadia Drilling Commences\n\nVancouver, British Columbia CANADA, May 29, 2008 /FSC/ - Alix Resources Corp. (AIX - TSX Venture, 37N - FWB), announces today that the camp is now set up on Arcadia and drilling is about to commence. Bolero Resources (BRU-TSX:V)(U7N - Frankfurt) has the right to earn 50% on the Arcadia Property.\n\nThe Arcadia property represents an Archean lode-gold deposit located on the Arctic Ocean in Canada's Nunavut territory, west of Bathurst Inlet and 140 kilometres west of Miramar Mining's Hope Bay greenstone belt. The property has a historic resource estimate of 640,650 tonnes averaging 7.2 grams per tonne gold (containing about 148,000 ounces of gold) in the north-central vein and 139,524 tonnes averaging 8.6 g/t gold (or 38,600 contained ounces of gold) in the Fred vein reported. These resource estimates were completed prior to 2001 and without a compliant technical report and in a manner inconsistent with National Instrument 43-101 and other disclosure requirements. \n\nDean Besserer, P.Geo of Apex Geological Services in Edmonton, and a qualified person as defined by NI 43-101, has approved the technical information in this release and is the qualified person for this project.\n\nFor further information we invite you to visit us at www.alixresources.com.\n\nAlix is a junior mineral exploration company focused on acquiring and developing potential world-class properties in North America. \n\nON BEHALF OF THE BOARD\nSigned \"Michael England\" \nMichael England, President\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\nTelephone: 1-604-683-3995 - Toll Free: 1-888-945-4770\nFacsimile: 1-604-683-3988\n\nThe TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release. \n\n\nSource: Alix Resources Corp. (AIX - TSX-V, 37N - FWB) http://www.alixresources.com\nMaximum News Dissemination by Filing Services Canada Inc.\nPh: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com\n\n\n","length":2511,"tagName":"div"}]