Shareholder Updates

Continued from: http://skyharbourltd.com/investor_info/update/index.php?&content_id=382

R780E Zone

The R780E zone refers to the zone of mineralization currently defined over 60m of strike length between line 750E (hole PLS13-109) and line 810E (PLS13-108).  Six additional holes were drilled on the R780E zone since the last update (see news release September 12, 2013), for a total of 12 holes presently defining the R780E zone. 

Line 750E: 

·         Drillhole PLS13-109 was collared as a vertical hole and drilled to a depth of 401.0m.  The collar is located approximately 30m grid west of PLS13-060. Basement was intersected at 58.3m.  A quartzitic gneiss is present from 58.3m to 103.4m.  From 103.4m to 337.6m the lithology is dominantly pelitic gneiss with multiple intervals of undifferentiated mylonites (from 1.8m to 9.9m wide) and cataclasites.  From 337.6m to the end of hole depth of 401.0m a semi-pelitic gneiss dominates.  Anomalous radioactivity occurs from 105.5m coincident with the transition from quartzitic to pelitic gneiss.  A total composite of 99.5m of mineralization within a 229.0m section (105.5m to 334.5m) occurs in several variably radioactive mineralized intervals ranging in width from 0.5m to 34.0m.  A total composite of 6.87m of off-scale radioactivity occurs in several discrete intervals ranging from 0.12m to 3.28m wide.

Line 765E:  Two vertically collared holes were drilled on line 765E

·         Drillhole PLS13-105 was collared as a vertical hole and drilled to a depth of 419.0m.  The collar is located approximately 15m grid west of PLS13-080. Basement was intersected at 55.0m.  A quartzitic gneiss is present from 55.0m to 109.2m.  From 109.2m to 296.6m lithology is dominantly pelitic gneiss with multiple intervals of undifferentiated mylonites (from 1.3m to 13.9m wide).  From 296.6m to the end of hole depth of 419.0m a semipelitic gneiss dominates.  Anomalous radioactivity occurs from 106.5m coincident with the transition from quartzitic to pelitic gneiss.  A total composite of 46.5m of mineralization within a 224.0m section (106.5m to 330.5m) occurs in several variably radioactive mineralized intervals ranging in width from 0.5m to 18.5m.  A total composite of 1.64m of off-scale radioactivity occurs in several discrete intervals ranging from 0.15m to 1.06m wide.

·         Drillhole PLS13-107 was collared as a vertical hole and drilled to a depth of 402.0m.  The collar is located approximately 15m grid west of PLS13-060. Basement was intersected at 56.0m.  A quartzitic gneiss is present from 56.0m to 183.8m, which encompasses a pelitic gneiss unit from 67.8m to 128.6m.  From 183.8m to 283.0m lithology is dominantly pelitic gneiss with a 41.5m wide interval of undifferentiated mylonites (233.7m to 275.2m).  A semipelitic gneiss dominates from 283.0m to the end of hole depth of 402.0m.  Anomalous radioactivity starts at 138.5m within the quartzitic gneiss.  A total composite of 63.5m of mineralization within a 193.5m section (138.5m to 332.0m) occurs in several variably radioactive mineralized intervals ranging in width from 0.5m to 24.5m.  A total composite of 1.04m of off-scale radioactivity occurs in several discrete intervals ranging from 0.13m to 0.5m wide.

Line 795E: 

·         Drillhole PLS13-097 was collared as a vertical hole and drilled to a depth of 356.0m.  The collar is located approximately 15m grid east of PLS13-060. Basement was intersected at 55.8m.  A quartzitic gneiss with minor pegmatite and mylonite intervals is present from 55.8m to 183.9m that encompasses a pelitic gneiss unit from 76.6m to 85.4m.  From 183.9m to the end of hole depth of 356.0m lithology is dominantly pelitic gneiss with occasional intervals of undifferentiated mylonites (1.1m to 2.4m wide).  Anomalous radioactivity begins at 74.5m in proximity to the contact between the quartzitic gneiss and pelitic gneiss.  A total composite of 82.0m of mineralization within a 180.0m section (74.5m to 254.5m) occurs in several variably radioactive mineralized intervals ranging in width from 0.5m to 49.5m.  A total composite of 6.48m of off-scale radioactivity occurs in several discrete intervals ranging from 0.1m to 3.63m wide.

Line 810E:  Two vertically collared holes were drilled on line 810E

·         Drillhole PLS13-101 was collared as a vertical hole and drilled to a depth of 350.0m.  The collar is located approximately 15m grid east of PLS13-097. Basement was intersected at 67.4m, which is 11.8m deeper than the depth of basement intersected in PLS13-097, which may represent an important structural feature.  From 67.4m to 192.6m lithology is pelitic gneiss with occasional pegmatite injections up to 2.2m thick.  Semipelitic gneiss was intersected from 192.6m to 275.6m, which is underlain by pelitic gneiss to 334.7m.  From 334.7m to the end of hole depth of 350.0m a semipelitic gneiss dominates.  Anomalous radioactivity starts at 69.5m within a pelitic gneiss, which is an unusually shallow depth to mineralization for the R780E zone.  A total composite of 96.0m of mineralization within a 230.0m section (69.5m to 299.5m) occurs in several variably radioactive mineralized intervals ranging in width from 0.5m to 35.0m.  A total composite of 0.51m of off-scale radioactivity occurs in several discrete narrow intervals ranging from 0.10m to 0.17m wide.

·         Drillhole PLS13-108 was collared as a vertical hole and drilled to a depth of 392.0m.  The collar is located approximately 10m grid north of PLS13-101. Basement was intersected at 58.3m, which is 9.1m shallower than the depth of basement intersected in PLS13-101.  An alternating sequence of quartzitic and pelitic gneiss was encountered from 58.3m to 206.1m, which is underlain by semipelitic gneiss to 230.3m.  From 230.3m to 332.4m lithology is dominantly pelitic gneiss with occasional intervals of undifferentiated mylonites (4.1m to 11.9m wide).  From 332.4m to the end of hole depth of 392.0m a semipelitic gneiss dominates.  Anomalous radioactivity begins at 80.5m within the pelitic gneiss. A total composite of 105.5m of mineralization within a 195.5m section (80.5m to 276.0m) occurs in several variably radioactive mineralized intervals ranging in width from 0.5m to 21.5m.  A total composite of 3.25m of off-scale radioactivity occurs in several discrete intervals ranging from 0.14m to 0.75m wide. 

R780E Drill Hole Table

	Collar			* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)				Devonian Sandstone	Basement Unconformity	Total Drillhole
Hole ID	Grid Line	Az	Dip	From (m)	To (m)	Width (m)	CPS Peak Range	From – To (m)	Depth (m)	Depth (m)
PLS13-097	795E	351	-86	74.5	75.5	1.0	540 – 770	No Sandstone	55.8	356.0
				77.5	81.5	4.0	<300 – 1500
				83.5	84.0	0.5	460
				90.5	91.5	1.0	810 – 900
				117.5	167.0	49.5	<300 – >9999
				169.0	176.0	7.0	<300 – 8100
				179.5	180.5	1.0	390 – 9700
				182.5	188.5	6.0	300 – 850
				204.5	206.0	1.5	300 – 850
				220.0	222.0	2.0	320 – 8400
				228.5	234.5	6.0	340 – >9999
				241.0	243.0	2.0	<300 – 560
				254.0	254.5	0.5	820
PLS13-101	810E	23	-87	69.5	70.5	1.0	460 – 520	No Sandstone	67.4	350.0
				78.0	84.0	6.0	<300 – 3100
				94.5	96.0	1.5	350 – 710
				103.0	138.0	35.0	<300 – 9200
				141.5	159.5	18.0	<300 – 5700
				163.0	174.5	11.5	<300 – 9900
				179.0	196.0	17.0	<300 – >9999
				226.0	227.0	1.0	550 – >9999
				230.0	230.5	0.5	1100
				251.0	251.5	0.5	470
				290.5	292.0	1.5	640 – 1300
				297.0	299.5	2.5	<300 – 550
PLS13-105	765E	70	-87	106.5	110.0	3.5	<300 – 3200	No Sandstone	55.0	419.0
				113.0	131.5	18.5	<300 – >9999
				145.5	151.5	6.0	<300 – 2000
				189.0	192.5	3.5	<300 – >9999
				195.0	197.5	2.5	850 – >9999
				203.5	205.0	1.5	460 – 2000
				210.5	211.5	1.0	1300 – 5000
				245.0	246.0	1.0	960 – 1200
				249.0	249.5	0.5	1100
				252.5	253.5	1.0	380 – 860
				263.5	264.5	1.0	730 – 3000
				282.0	283.0	1.0	440 – 640
				320.5	321.0	0.5	350
				325.5	330.5	5.0	<300 – 580
PLS13-107	765E	49	-89	138.5	163.0	24.5	<300 – 8400	No Sandstone	56.0	402.0
				166.0	167.5	1.5	<300 – 510
				171.5	175.0	3.5	<300 – >9999
				178.5	179.5	1.0	930 – 9200
				192.5	199.0	6.5	<300 – 7200
				203.5	204.0	0.5	1000
				207.0	207.5	0.5	1200
				221.0	221.5	0.5	410
				251.5	265.0	13.5	<300 – 6400
				267.5	274.5	7.0	<300 – 8000
				289.0	290.0	1.0	1300 – 1800
				306.5	309.5	3	<300 – 980
				331.5	332.0	0.5	330
PLS13-108	810E	271	-83	80.5	82.0	1.5	360 – 570	No Sandstone	58.3	392.0
				88.0	88.5	0.5	380
				91.0	112.5	21.5	<300 – 1200
				115.5	130.0	14.5	<300 – 1600
				132.5	149.0	16.5	<300 – 2400
				152.0	172.0	20.0	<300 – >9999
				174.5	195.5	21.0	<300 – >9999
				201.0	202.0	1.0	860 – 1700
				217.0	217.5	0.5	460
				228.0	234.5	6.5	<300 – >9999
				256.5	257.5	0.5	370
				268.0	269.0	1.0	1600 – 6300
				275.5	276.0	0.5	1600
PLS13-109	750E	309	-89	105.5	116.0	10.5	<300 – >9999	No Sandstone	56.0	401.0
				136.0	170.0	34.0	<300 – >9999
				173.5	174.0	0.5	760
				177.5	182.0	4.5	<300 – 4000
				186.0	186.5	0.5	350
				191.5	193.5	2.0	<300 – 5900
				197.0	212.0	15.0	<300 – >9999
				251.0	251.5	0.5	530
				266.5	267.5	1.0	400 – 490
				274.5	292.0	17.5	<300 – 4000
				294.5	296.5	2.0	370 – 440
				300.0	309.5	9.5	<300 – 5200
				332.5	334.5	2.0	320 – 720

*Scintillometer Instrument: GR-110G

Line 1155E

Line 1155E is located approximately 195m grid east of the R945E zone.  Drilling of two holes (PLS13-090 and 103) was a follow-up test of a subtle radon in water anomaly identified during the Phase 2 EIC radon in water and sediment survey completed during April 2013, by RadonEx Exploration Management of St. Lazare, Quebec.  This anomaly lies along an ENE trend, in proximity to the PL-3B EM conductor and on trend with the five PLS mineralized zones (R00E, R390E, R585E, R780E, and R945E) that remain open in all directions.  Drilling on line 1155E extends the mineralization at PLS to a 1.23km strike length.  Although neither drill hole encountered strong mineralization, both encountered significant widths of anomalous radioactivity in a geologic setting similar to the high-grade zones to the west.  The very large mineralizing system at PLS remains open to the east, which reinforces that further drilling is required from the ice surface available during the 2014 drill to evaluate line 1155E.

Line 1155E:  Two vertically collared holes were drilled on line 1155E

·         Drillhole PLS13-090 was collared as a vertical hole and drilled to a depth of 323.0m.  Basement was intersected at 62.0m.  A quartzitic gneiss is present from 62.0m to 96.7m.  From 96.7m to 314.3m the lithology is comprised of alternating sequences of pelitic, quartzitic, and semipelitic units. A diabase unit was encountered from 314.3m to the end of hole depth of 323.0m.  A weak radioactive mineralized interval is present over a continuous 12.5m interval from 189.5m to 202.0m within a semipelitic gneiss, with a range of <300 to 1600 cps.

·         Drillhole PLS13-103 was collared as a vertical hole and drilled to a depth of 427.0m.  The collar was located 10m south of PLS13-090.  Quartzitic gneiss was encountered from 62.4m to 111.7m, which was underlain by alternating pelitic gneiss, mylonite, and semipelitic gneiss units to 304.6m.  From 304.6m to the end of hole depth of 427.0m a semipelitic gneiss dominates.  A total composite of 15.5m of mineralization within a 34.5m section (175.0m to 209.5m) occurs in several weakly radioactive mineralized intervals ranging in width from 1.0m to 6.5m. A deeper and narrow 1.0m weakly radioactive interval was intersected at 365.5m. 

Line 1155E Drill Hole Table

	Hole Location			* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)				Devonian Sandstone	Basement Unconformity	Total Drillhole
Hole ID	Grid Line	Az	Dip	From (m)	To (m)	Width (m)	CPS Peak Range	From – To (m)	Depth (m)	Depth (m)
PLS13-090	1155E	180	-89	189.5	202.0	12.5	<300 – 1600	No Sandstone	62.0	323.0
PLS13-103	1155E	347	-88	175.0	177.5	2.5	360 – 550	No Sandstone	62.4	427.0
				188.0	193.5	5.5	<300 – 770
				197.5	204.0	6.5	<300 – 560
				208.5	209.5	1.0	420 – 570
				365.5	366.5	1.0	320

*Scintillometer Instrument: GR-110G

A $9.2M, 14,700m drill program and ground geophysics surveys continues at PLS.  Barge-based lake drilling is now complete. The program’s remaining holes will be land-based.

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, like the down hole gamma probe 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. 

Radiometric surveys are planned for all holes using a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in high grade mineralized zones.

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 U 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 corporate video at the Alpha Minerals website: http://www.alphaminerals.ca/corporate-videos/

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. For the present work, the exploration is still being operated as a Joint Venture under the direction of the Joint Venture Management Committee with Fission Uranium acting as the operator.

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. 
“Ben Ainsworth”
PEng BC/SK, President, CEO and Director

 

For corporate communications please contact:
Robert (Bob) Meister
Alpha Minerals Inc.
Suite 408 – 1199 West Pender St. Vancouver, B.C., V6E 2R1 Phone:  (604) 629-0293 Fax:  (604) 684-9365
Toll Free: 1-866-629-0293
Email: info@alphaminerals.ca

Trading Symbol:  TSX-V – AMW
Frankfurt: E2GA

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.