Alix and Cloudbreak Acquire More Land in Yukon’s White Gold District

Alix Resources Corp. and Cloudbreak Resources Ltd. have increased their land position in the vicinity of Underworld Resources Inc.’s white gold discovery in the Yukon by optioning approximately 150 new claims in addition to the approximate 145 claims already held.

Terms of the deal are that Alix and Cloudbreak have committed to a minimum $20,000 ground program on the new ground picked subject to this agreement. For this the vendor will transfer all remaining claims (approximately 45) attached to the recently announced “Lucky” acquisition. This will bring the total “Lucky” claims to approximately 170. Upon performing the required work program, the companies then will have the option to acquire the two new claim blocks consisting of an 88-claim block and a 25-claim block by issuing to the vendor, Mr. Blair Naughty, one million shares of Alix Resources and 1.25 million shares from Cloudbreak; $37,500 from each company; a 3 per cent NSR with one per cent purchasable for $1-million at any time plus commit to spend $250,000 in year one.

Be Sociable, Share!

, , , ,

Comments are closed.