Alix Resources Corp. (AIX.V) has signed a letter of intent 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.
AIX has jumped 11% to 5 cents, moving further away from year low $0.025.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
