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ALIX AND GEO SIGN AGREEMENT WITH NUCOAL FOR TORCH RIVER PROPERTY IN SASKATCHEWAN
February 4th, 2009, VANCOUVER, B.C. - ALIX RESOURCES CORP (AIX-TSX:V) and GEO MINERALS LTD. (GM-TSX:V) (The "Companies") are pleased to announce that, pursuant to their agreement with Nucoal Energy Corp. previously announced on November 5, 2008, Alix and Geo have exercised an option to acquire an undivided 60% interest, and up to 80% upon completion of a feasibility study, in mineral interests located in the Torch River area of the Province of Saskatchewan. Coal Prospecting Permits with respect to these Torch River claims have been issued by Saskatchewan Ministry of Energy and Resources.
The Torch River ground represents area covered by 7 townships, 64,512 hectares or 159,344 acres, approximately 98 coal prospecting permits. The ground is adjacent to Weststar (WER-TSX:V) announced "18 metre property" located immediately to the East and adjacent to North American Gem's (NAG-TSX:V) ground located to the south and west.
As reported, Geo and Alix are well positioned in Saskatchewan, with interests in areas under permit including the Wapawekka Lake area north of Goldsource Mines' (GXS-TSX:V) recently announced Ballantyne permits; ground adjacent to the North American Gem's (NAG-TSX:V) Adamas discovery; ground to the north of Goldsource Mines Border property and ground covering the Montreal Lake historical coal intercepts previously announced.
The Torch River interests are in addition to other interests that Geo and Alix also have under agreement with Nucoal, including coal interests located on the Manitoba side of the Goldsource Mines (GXS-TSX:V) Border property.
For further information we invite you to visit us at www.alixresources.com and www.geominerals.ca.
Alix Resources and Geo Minerals are each junior exploration companies actively seeking mineral and energy opportunities for the benefit of all our stakeholders.
ON BEHALF OF THE BOARD
Signed "Michael England"
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
- 2010-08-26 NuCoal's 2010 AGM will be held at 11:00AM on Thursday September 23rd at the Saskatoon Club in the Main Dining Room.
