Alix and Cloudbreak to JV in White Gold District


Alix Resources Corp. and Cloudbreak Resources Ltd. have entered into a joint venture agreement with regard to their recent acquisitions in the Yukon. Each company will be responsible for 50 per cent of all expenditures and work programs, and will be joint operators of the combined property.

The lode quartz mineral claims, adjacent to the White gold property held by Underworld Resources Inc. located in the Yukon, have been acquired by both Alix¬† and Cloudbreak. The combined 25 claims total approximately 1,000 hectares, and are tagged directly to the east of Underworld’s White gold project and approximately four kilometres from the recently announced discovery of 103 metres of 3.4 grams per tonne gold.

The companies will continue to seek additional claims in the area.

Alix and Cloudbreak are now arranging to mobilize a field crew to the property as soon as possible to begin a systematic geological and geochemical survey of the claim block. This work will include detailed silt sampling of streams, along with rock and soil sampling and geologic mapping. It is the intention of the companies to begin the surface exploration program as quickly as possible with the goal of beginning a drill program this summer.

The technical contents of this release were approved by Alix advisory board member and qualified person as defined by National Instrument 43-101, Dr. Tom McCandless, PGeo.

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