Ben Ainsworth, President and CEO of Alpha Minerals reports,
Thursday July 18, 2013. Alpha Minerals Inc. (TSX.V: AMW) ("Alpha” or "the Company") and its 50% Joint Venture partner Fission Uranium Corp. are pleased to announce partial results of its first hole of the summer drill season, testing the western extension of the R390E zone, at Patterson Lake South. Hole PLS13-072 (drilling still in progress), has so far returned a broad 85.5m interval (62.0m – 147.5m) of variably radioactive mineralization including a total of 18.93m of off-scale (>9999 cps) radioactivity in numerous narrower intervals throughout.
The hole is located 15m grid west of hole PLS13-061, previously the western-most hole testing the R390E zone. Scintillometer results for hole PLS13-072 overall are stronger, wider, more continuous and contain significantly more off-scale radioactivity than PLS13-061 (see news release dated April 3, 2013). Drilling of hole PLS13-072 is still in progress at a depth of 185.1m, but temporarily on-hold for mechanical reasons and is awaiting replacement.
Key Technical Details
The relevant geological features of the hole are as follows:
|Collar||* Hand-held Scintillomenter Results On Mineralized Drillcore (>300 cps / >1.0M minimum)||Sandstone
From - To
|Hole ID||Grid Line||Az||Dip||From (m)||To (m)||Width (m)||CPS Peak Range|
|PLS13-072||345E||0||-89||62.0||147.5||85.5||<300 - >9999||N / A||55.7||180.0|
|69.0||85.5||16.5||1100 - >9999|
|92.6||99.5||6.9||5000 - >9999|
|157.5||162.5||5.0||<300 - 8600|
|169.5||172.0||2.5||<300 - 720|
A $6.95M, 44 hole, 11,000m drill program and ground geophysics surveys continues at PLS.
Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held Exploranium GR-110G total count gamma-ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.
All holes are planned to be radiometrically surveyed using a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in high grade mineralized zones. The Triple Gamma probe is preferred in zones of high grade mineralization.
Split core samples from the mineralized section of core will be taken continuously through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes U3O8 (wt %) and fire assay for gold. All samples sent for analysis will include a 63 element ICP-OES, uranium by ICP-MS and boron. Assay results will be released when received.
For additional comments about the Summer 2013 Program, please watch a video HERE
Patterson Lake South Property
The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint Venture held by Alpha Minerals Inc (AMW) and Fission Uranium (FCU). The Joint Venture property is 100% owned with no underlying royalties or vendor payments. Alpha returns as the Operator of the Joint Venture in 2014. The property is accessible by road with primary access from all-weather Highway 955, which runs 74km north to the former Cluff Lake mine, (>60M lbs of U3O8 produced from multiple open pit and underground mines), and passes through the claims covering the UEX-Areva Shea Creek discoveries located 58km to the north, currently under active exploration and development.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of Alpha Minerals Inc, by Garrett Ainsworth, P.Geo., Vice President Exploration, a qualified person.
On behalf of the Board of Directors of Alpha Minerals Inc.
President, CEO and Director
For corporate communications please contact:
Robert (Bob) Meister
Alpha Minerals Inc.
Phone: (604) 629-0293
Toll Free: 1-866-629-0293
Please refer to the Alpha Minerals Inc. website (www.alphaminerals.ca) for the video and further updated information.
Neither the 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.
This press release contains "forward-looking information" that is based on Alpha’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Alpha’s development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Alpha’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Alpha disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.