Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 12, 2011) –ALIX RESOURCES CORP. (“Alix” or the “Company”) (TSX VENTURE:AIX)(FRANKFURT:37N) is pleased to announce results from 2011 drilling at the Golden Zone Breccia Pipe deposit at the company’s gold-silver-copper property in the Valdez Creek Mining District in south-central Alaska.
Two HQ diamond drill holes were drilled in 2011 at the Breccia Pipe deposit at the 10,000 hectare (24,500-acre) property. Drill Hole GZBX11-003 intercepted 256.0 meters (840 feet) from the surface to a depth of 256.0 meters grading 1.50 g/T Au, 12.15 g/T Ag and 0.11% Cu. Drill Hole GZBX11-004 encountered 92.9 meters (305 feet) from depths of 105.2 to 198.1 meters grading 1.39 g/T Au, 6.15 g/T Ag and 0.06% Cu. The table below includes these data from these two sections and also composites of higher grade intercepts within them.
