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Published in House and Home on Thursday, October 8th 2009 at 11:28 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2009) - ALIX RESOURCES CORP. (TSX VENTURE:AIX) and GEO MINERALS LTD. (TSX VENTURE:GM) (The "Companies") are pleased to announce that Phase II drilling is scheduled to commence within 21 days on the Companies' Red Deer Lake Coal Property located in Manitoba adjacent to Goldsource's "Border Property" and directly south of Westcore's "Hudson Bay North Property". Borehole licenses to allow drilling on the Companies' "Red Deer Lake" Property have now been received from the Manitoba Mines Branch and CorePro Drilling Inc. has been contracted to perform the drilling.
This permit block is located immediately west of Goldsource's Border Property and is considered one of the highest priority targets of the Companies' portfolio of coal properties. Due to the regional southwest dip of the lower Cretaceous Mannville units and the potential for coal to occur at shallower depths to the northeast, the northern portion of the Red Deer Lake block will be the main focus area of this drilling campaign.
The proposed drilling program follows on the March 2009, Red Deer Lake Phase I drilling program and calls for up to 24 drill holes, to be drilled by CorePro Drilling Inc. These drillholes are targeted to test the Cretaceous Mannville Formation that is covered by the Manitoba Coal Property and where Goldsource discovered the Durango Coal seam.
As announced November 5, 2008, in an agreement with a Saskatchewan based private company, NuCoal Energy Corp., the Companies have the right to acquire up to an 80% interest in 31,904 hectares (78,836.5 acres) of prospective coal ground adjoining Goldsource Mines Inc "Border Coal Discovery" Property.
Paul D. Gray, P.Geo., Director of Geo Minerals and Q.P. as defined by N.I. 43-101, will be the lead geologist on this program and has read and approved the contents of this news release.
For further information we invite you to visit the Companies' websites located at [ www.alixresources.com ] and [ http://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 BOARDS
Signed "Michael England"
Michael England, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.