Alpha Exploration to Start Work at Middle Lake Property, Athabasca Basin, Saskatchewan
January 20 2014 - 7:35AM
ALPHA EXPLORATION INC. ("
Alpha"
or the "
Company") (TSX-V:AEX) is pleased to
announce that its winter 2014 exploration program comprising
gravity surveying and diamond drilling will begin shortly on the
Middle Lake property (80% Alpha Exploration Inc. and 20% Acme
Resources Inc.). The property comprises a total of 2416 ha within
one mineral disposition. A temporary work camp has been established
5 km from the property. MWH Geo-Surveys Ltd. of Vernon, BC has
been contracted to complete approximately 1600 stations on three
different grids. Newmac Industries Ltd. of Prince Albert, SK
has been contracted for a 20-hole, 2,000 m drill program to test
gravity, radon and geochemical anomalies close to the former Cluff
Lake mining production site of AREVA .
The property is situated adjacent to the decommissioned Cluff
Lake Mine property, where significant bedrock uranium
mineralization was identified to within approximately 800 m of the
Middle Lake property. Comprehensive historical exploration
results have established a favourable setting for the presence of
Cluff Lake-style uranium deposits within the property. Three
uraniferous boulder and radon trains were established by AREVA
through historical geochemical surveys and glacial studies, which
include:
- Hubert Lake-Skull Lake Train (west grid)
- Lac Andros-Middle Lake Train (central grid)
- Janus Lake-Placide Lake Train (east grid)
Each train has potential to have significant mineralized
sources. Thanks to the Alpha Minerals-Fission Energy Joint Venture
uranium discovery on and adjacent to Patterson Lake, the target to
attain success with this project as a standalone project is now
more easily achieved.
The bedrock source of the historical uraniferous boulders is
anticipated to be at the top of bedrock, which is covered by
overburden that is 5 to 20 m thick. All three of these boulder
trains are associated with uranium mineralized basement and
Athabasca Group sandstone boulders at their down ice
terminus. The Hubert Lake-Skull Lake Train is thought to be
associated with the Donna boulder field, which is "a group of about
200 mineralized boulders containing up to 25% uranium, that were
discovered during routine ground prospecting" (GAC Special Volume
29, The Carswell Structure Uranium Deposits, Saskatchewan, Laine,
Alonso, Svab, 1985).
Assessment reports from AREVA describe exploration work, which
lead to discovery of several Cluff Lake deposits by drilling
up-ice, generally northeast from uranium boulder clusters, to
locate sources in several discrete deposits. A fairly regular
separation of 2 to 3 km is indicated between boulder fields and the
bedrock uranium sources that were located, which is fairly
consistent with a "skip distance" from overburden up to 20 m
thick.
Potential bedrock sources of the uraniferous boulders are
modeled upon the Cluff Lake-style deposits located within basement
core of the Carswell Structure possibly associated with Athabasca
sandstone inliers, and at the Carswell basement core-Athabasca
Group contact. Electromagnetic (EM) conductors are not seen as
an essential exploration target on the property, as the deposits at
Cluff Lake contained lesser quantities of graphite and pyrite
compared to the Patterson Lake South ("PLS") mineralized
zones and Key Lake deposits. Transition areas from high to low
magnetic susceptibility are considered a favourable setting for
uranium mineralization as this may represent granitic to granitic
pegmatite domes in contact with quartzofeldspathic and pelitic
gneisses. Additionally, structures that act as boundaries
between low magnetic and moderately magnetic zones are targeted;
and are significant because boulders of mineralized meta-sediments
(low magnetic response) and mineralized intrusives (moderate to
high magnetic signature) were found during historical boulder
prospecting work.
The geological setting of the basement core within the property
is similar to the N and R zones (Cluff Lake mineralized zones)
where quartzofeldspathic and (+/- graphite) pelitic gneisses are
intruded by pegmatites; as confirmed through historical
drilling. Drill hole CAR-38 (located on the property 230m west
from Middle Lake) encountered peak radioactivity over 900 cps (from
a background of 50 to 70 cps in bedrock) at a depth of 13 m
associated with a lithological contact between an altered
quartz-feldspar granofel and graphitic pelitic gneiss. All
historical drill holes within the basement core on the property
encountered Cluff Breccia and tectonic breccia, and drill hole
CAR-41 (located 350 m northwest of Middle Lake) intersected large
zones of mylonite and tectonic breccia.
RadonEx carried out a radon sampling in the summer of 2013,
which was strategically located to cover the up-ice head of the
historical Hubert Lake-Skull Lake and Andros Lake-Middle Lake
radon-uraniferous boulder trains as the west and central grids,
respectively. Drill target locations will be finalized as the
gravity survey data is available.
Current maps and information on Alpha Exploration and the Middle
Lake Property, can be found on the Company's website at
www.alpha-aex.com.
About Alpha Exploration Inc.
Alpha Exploration Inc. is a mineral exploration company whose
principal focus is the exploration and development of its Mikwam
Gold property in Ontario, and uranium properties in the Athabasca
Basin in northern Saskatchewan, Canada. Common Shares are listed on
the TSX Venture Exchange under the symbol "AEX". Additional
information about Alpha is available on Alpha's website at
www.alpha-aex.com or under its profile on SEDAR at
www.sedar.com.
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
Exploration Inc., by Garrett Ainsworth, P.Geo., Vice President
Exploration, a qualified person.
On behalf of the Board of Directors of Alpha Exploration
Inc.
"Ben
Ainsworth"
President, CEO and Director
For corporate communications
please contact: |
|
|
|
Robert (Bob) Meister |
|
Alpha Exploration Inc. |
|
TF: 1-866-629-8368 |
|
Trading Symbol: TSX-V –
AEX |
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.
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 exploration and
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
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