Acquisition of Yukon Claim Adjoining Major High Grade Gold Discovery Positions Alix Resources as Exceptional Risk-Reward Scenario
New York, NY (PRWEB) June 17, 2009 -- Mining MarketWatch Journal has published a review on Alix Resources Corp. (TSX VENTURE: AIX)(Frankfurt: 37N) offering insight and opportunity afforded investors. Alix Resources has acquired the Yukon property adjoining Undedworld's (UW) White Gold project which is producing a continued stream of outstanding gold discovery results that increase the inherent value of AIX.V with each announcement. Additionally AIX.V is well diversified with two other gold projects of significance and has a 2009 exploration/drill program on prime Saskatchewan coal ground ideally positioned in the coal trend beside Goldsource who experienced outstanding technical and market success in their coal exploration efforts within the last year.
The full review and valuation commentary may be found at: http://miningmarketwatch.net/aix.htm online.
Excerpts:
The inherent value of Alix Resources Corp. (TSX-V: AIX) increases with each announcement of further high grade gold discovery results by its neighbour, Underworld Resources (UW), as AIX.V possesses a highly desirable ~500 hectare claim adjoining the Underworld White Gold Project in the Yukon. The 100% owned claims of Alix Resources are uniquely positioned, less than 4 km from significant results by UW including 103 meters of 3.4 g/t Au among others. Near term catalysts exist for AIX.V on two fronts: 1) an exploration team set to commence mapping and geo chemical work on the Yukon gold claims adjoining Undeworld beginning in July 2009, and 2) AIX.V also has a 2009 exploration/drill program on prime coal ground in Saskatchewan and Manitoba Canada right beside Goldsource. AIX.V is ideally positioned in the coal trend with superior technical characteristics conducive to finding a deltic-sequence for quality thermal coal similar in size or even larger than what Goldsource found on the same trend. Additionally they are in a position to begin defining a coal resource near Wapawekka Lake Sask. where AIX.V has established a 'coal field' having intercepted 52 feet (16m) and 24 feet (7.5m) coal seams. Alix resources also has two other noteworthy gold projects including one with a non compliant NI43-101 resource of 180K oz.
The risk-reward characteristics are highly advantageous for investors establishing a long position in AIX.V as the current market cap of AIX.V relative to the inherent value of their gold and coal projects seem disproportionate, aforementioned near term catalysts are imminent, and a continued stream of favourable news from Underworld will drive the AIX.V claims up in value. AIX.V appears undervalued with only ~47M shares outstanding and trading under CDN$0.15.
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. The term investment advisory refers to the fact the reader is being advised there is a publication on an item that is also an investment, and not advice to buy or sell. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.
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