[Marinir] {Disarmed} Corrected: News! Alix Drills For Gold - Free 3rd Party Report Inside

Wed Jul 25 15:35:01 CEST 2012

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http://www.alixresources.com/ 

ALIX COMPLETES FIRST PHASE, STARTS SECOND PHASE OF DRILLING AT THE MONEY 
ROCK / WEST POGO GOLD PROJECT, ALASKA 

http://www.infostockbiz.com/Alix-FP.pdf 

Financial Press Report - Click Here for Free Report 

http://www.infostockbiz.com/Alix-FP.pdf 

ALIX RESOURCES CORP. (TSX-V: AIX 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=AIX&region=C&lookup=symbol&snapshot=default 

) (37N–Frankfurt) announces that it has completed phase one drilling at 
its Money Rock / West Pogo gold project, located 80 kilometers southeast 
of Fairbanks, Alaska. Phase one drilling focused on the West Pogo 
portion of the project, with two NQ core holes completed for a 
cumulative total meterage of 610 meters (2,002 ft.). Both holes 
encountered metagranite with broad intervals of brecciation, including 
zones of iron-stained sericite alteration and arsenopyrite. At the Pogo 
Mine, located 3.5 kilometers east of the project and operated by 
Sumitomo Metals Corp., an average of just under 400,000 ounces of gold 
is produced each year (Alaska Division of Geological and Geophysical 
Surveys Special Report 65, 2011). 

Drillhole WP-12-01 was collared in a broad northeast-trending area of 
anomalous gold, defined by surface rock and soil assays on the northern 
edge of the West Pogo claims. Previously, a northwest-oriented, inclined 
hole was drilled in 2003 by AngloGold Ashanti (USA) Exploration Inc. at 
the same site, and encountered wide zones of low-grade gold 
mineralization. In the present program, the inclined drillhole was 
northeast-oriented, designed to intersect a northwest-trending fabric at 
depth that was identified after re-assessment of geophysical data for 
the West Pogo property. After passing through 44 meters (144 ft.) of 
mostly paragneiss, the drill encountered metagranite with 
sericite-altered, iron-stained zones of brecciation and veining with 
arsenopyrite or pyrite that appear to increase with depth to the end of 
the hole at 321 meters (1,055 ft.). 

Drillhole WP-12-02 was collared 832 meters (2,730 ft.) east-northeast of 
the first hole, and oriented northwest to test the eastern end of the 
NE-trending anomaly, where gold-in-soil values range from 20 ppb up to 
163 ppb Au and a float grab sample of silicified metagranite returned 
2.12 g/t Au. The drillhole immediately encountered silicified 
metagranite with a similar style of alteration as observed in WP-12-01 
down to 150 meters (500 ft.), where increasingly abundant intervals of 
brecciated and silicified metagranite with zones of arsenopyrite and 
pyrite plus traces of chalcopyrite occur. These zones increase in width 
and intensity of sulfide mineralization to the end of the hole at 289 
meters (947 ft.). Details of the interval lengths and intensity of 
sulfide mineralization will become available as the logging is finalized 
on WP-12-02. 

Core is being sawed in half and sampled at roughly one meter intervals, 
then delivered by truck to ALS-Chemex (Fairbanks, Alaska) for sample 
preparation, after which sample pulps are shipped to the ALS Minerals 
facility in North Vancouver, B.C. for assay. Gold assays are by fire 
assay with AAS finish (ALS protocol Au-AA24), and trace elements by 
ICP-AES after nitric aqua regia digestion (ALS protocol ME-ICP41). The 
samples are being submitted with in-house and/or certified gold 
standards inserted into the sample stream. 

In phase two of the program, a third drillhole (MR-12-01) will be 
positioned 719 meters (2,360 ft.) north-northeast of WP-12-02, and 
oriented to the southeast, to test the extent and dimensions of 
mineralization encountered in the second drillhole. 

Alix is exploring the West Pogo part of the project under an agreement 
with Corvus Gold Inc. (TSE:KOR) whereby Alix will complete USD $5M in 
work on the project and pay $125,000 over five years to earn a 60% 
interest in the project (see news release March 5th, 2012). 

Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 
43-101, has reviewed the technical information contained in this 
release. 

Alix Resources Corp. is a junior exploration company actively seeking 
and developing mineral opportunities for the benefit of all its 
stakeholders. www.alixresources.com 

http://www.alixresources.com 

. 

Corvus Gold Inc. is a resource exploration company focused in Nevada, 
Alaska and Canada which controls a number of exploration projects 
representing a spectrum of early-stage to advanced gold projects. 
www.corvusgold.com 

http://www.corvusgold.com 

. 

ON BEHALF OF THE BOARD 

Michael England, President 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Telephone: 1-604-683-3995 

Toll Free: 1-888-945-4770 

Forward-Looking Statement: 

Some statements in this news release contain forward-looking information 
that involves inherent risk and uncertainty affecting the business of 
Alix Resources Corp.. Actual results may differ materially from those 
currently anticipated in such statements. Neither the 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. 

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