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  • Past News


    July 19, 2011, VANCOUVER, B.C.– ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT)  is pleased to announce that the 2011 drill program at the company's Golden Zone gold-silver-copper property in the Valdez Creek Mining District in south-central Alaska has begun. 

    The first hole at Golden Zone will be targeted at the Wells vein on the Lower Riverside prospect at the north end of the 10,000 hectare (24,500-acre) property.  The Wells vein was re-excavated in 2006 by Hidefield Gold who held the property at the time.  Five chip/channel samples taken by Hidefield across the 1.5-meter (5-foot) vein returned the following analyses:

      --  25.9 gm/T (0.75 opt) across 0.79 meters (2.6 feet) 
      --  34.6 gm/T (1.01 opt) across 1.49 meters (4.9 feet) 
      --  0.1 gm/T (0.003 opt) across 0.98 meters (3.2 feet) 
      --  30.9 gm/T (0.90 opt) across 1.40 meters (4.6 feet) 
      --  25.9 gm/T (0.75 opt) across 0.79 meters (2.6 feet) 

    (see Alix news, October 6, 2010).    The Wells vein has never been drilled, and Alix's first 2011 hole will be targeted to intersect the vein at a depth of about 30 meters (100 feet) below Hidefield's 2006 trench.  Pending results of that hole, an IP/resistivity anomaly further below the trench may be targeted with an additional hole or holes.

    Alix's second target area will be the base of the Golden Zone Breccia Pipe.  In January of 2010 Alix announced the release of a revised resource model and N.I. 43-101 compliant resource estimate for the Breccia Pipe by Norwest Corporation (see Alix News, January 20, 2011) indicating the deposit to contain, at a 1.0 g/T cut-off,  3,169,331 tonnes (3,486,250 tons) of measured and indicated resource averaging 3.02 grams per ton and containing 279,166 ounces of gold, 1,523,657 ounces of silver and 3,233 tonnes (3,556 tons) of copper.  Almost all of these resources are within 200 meters (600 feet) of the surface, and the base of the pipe has not been drilled.  Alix will attempt to drill a roughly 500-meter (1500-foot) hole "down the throat" of the breccia pipe to test and sample the presumed source area of the gold-silver-copper mineralization. 

    Alix's geologic crew has been on the property since the first week of June and has been reviewing historic data and re-mapping geology and hydrothermal alteration to refine specific drill targets at several potentially large-volume porpyhry gold-copper prospects on the property.  The crew has prioritized two such prospects at the GAS and South Long Creek prospects and is formulating plans to drill these targets.  Additional drilling in 2011 may target several smaller, potentially high-grade prospects on the property. 

    The 2011 drilling contract with Core-One Drilling Inc. of Delta, Colorado, calls for a minimum of 1500 meters of HQ core drilling; Alix anticipates drilling 2000 to 2500 meters on the property this summer with $1.5 million currently budgeted for the 2011 Golden Zone program. 

    Alix' 2011 program is be directed by David Hedderly-Smith, Ph.D, P.G., who is a Director of Alix and a Qualified Person as defined by NI 43-101 and who also prepared and approved the geological and technical information contained in this release.  Dr. Hedderly-Smith will be aided by Dr. Charles C. Hawley, another Alix Director and Q.P.  Dr. Hawley has been associated with the development of the Golden Zone property for nearly 40 years.

    Alix Resources Corp. is a junior exploration company actively seeking base and precious metal venture opportunities for the benefit of all its stakeholders. For further information we invite you to visit us at


    Michael England, President


    Telephone: 1-604-683-3995

    Toll Free: 1-888-945-4770

    Neither 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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