Alix Stakes Additional Land at Golden Granite, Yavapai County, Arizona/Investigates Possibility of Re-Starting Mining Operation

Alix Resources Corp. AIX
1/8/2013 8:00:51 AM
Alix Stakes Additional Land at Golden Granite, Yavapai County, Arizona/Investigates Possibility of Re-Starting Mining Operation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2013) -ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) is pleased to provide an update on the Golden Granite lode gold property, located 112 kilometers (70 miles) northwest of Phoenix along Highway 93. The 600-acre Golden Granite property was acquired in November 2012 and includes the historic Big Stick Mine with high-grade quartz veins reporting historic grades of 13 g/t Au (0.4 oz/ton) over one meter widths (see Alix news release, November 5th, 2012). Subsequently the Company signed a LOI for claims covering the Santa Maria - Homestake Mine that covers 220 acres and is contiguous with the Golden Granite property. These properties and additional claims presently being staked will be known collectively as the Golden Granite Project. Gold mineralization on the project is hosted in a series of quartz veins in Precambrian igneous rocks of the Yavapai Terrane, a Proterozoic crustal domain that comprises much of northwestern Arizona.

Historic data for the Santa Maria - Homestake Mine is under review, and indicates that extensive underground workings are in place to exploit a vein up to three feet in width and whose length and vertical extent are not known. Limited mining took place in the mid-1900's and as recently as the mid-1980's with gold grades of 3.5-13 g/t (0.1-0.38 oz/ton) (Gray, D.S., 1985, Report on the geological mapping and sampling program, Santa Maria - Homestake Mine properties). Much of the mine infrastructure is still present on site, and Company is investigating the possibility of re-starting the mining operation.

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 is a junior exploration company actively seeking mineral opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.

ON BEHALF OF THE BOARD

Michael England, President