Alpha Reports Step-Out Drilling Hits Composite Total of 21.65m "Off-Scale" Radioactivity Within 70.0m of Mineralization at R3...
July 29 2013 - 2:06AM
Marketwired Canada
Alpha Minerals Inc. (TSX VENTURE:AMW), (the "Company" or "Alpha"), ") and its
50% Joint Venture partner Fission Uranium Corp. are pleased to announce results
for an additional two holes drilled on the R390E Zone. Holes PLS13-073 and
PLS13-075 tested the eastern and western extension of zone respectively and both
intersected mineralization. The strike length of the R390E zone has now been
increased to 105m at an early stage of the summer drill program. At 21.65m
off-scale (greater than 9999 cps) mineralization, PLS13-075 represents the
largest accumulation of discrete off-scale mineralized intervals in any drill
hole at PLS to date. Drilling of hole PLS13-075 is still in progress at a depth
of 188.0m, and it is expected that the main zone of mineralization has been
intersected and reported in this news release.
PLS13-075 Drilling Highlights include:
-- Extends strike length of R390E zone to 105m
-- 21.65m total off-scale radioactivity in several discrete intervals
including
-- 16.7m of continuous off-scale (greater than 9999 cps) (73.5m -
90.2m)
-- 82.0m of variable strength basement mineralization in two zones,
separated by only 2.5m of barren rock
-- The upper zone (57.5m - 127.5m), which includes the 21.65m of total
composite off-scale, reported variable weak to strong radioactivity
-- The lower zone (130.0m - 142.0m) reported weak to moderate radioactivity
-- Multiple narrow anomalous radioactive intervals present from 146.5m to
162.5m
R390E Zone:
Line 330E: Drill hole PLS13-075 (drilling is still in progress) was collared as
a vertical hole. The hole is still in progress at a depth of 188.0m. The hole is
collared 15m grid west of PLS13-072. Two main zones of mineralization were
intersected (70.0m and 12.0m wide respectively), separated by 2.5m of
unmineralized rock. The upper zone (57.5m - 127.5m) is characterized by variably
weak to strong radioactivity throughout. A total cumulative of 21.65m of
off-scale radioactivity (greater than 9999 cps) was intersected throughout, with
the largest discrete interval measuring 16.7m (73.5m - 90.2m). The lower zone
(130.0m - 142.0m) is characterized as weak to moderate radioactivity throughout.
Several additional narrow intervals of generally weak mineralization were
present from 146.5m to 162.5m (see Table 1), including a 2.5m wide interval
(146.5m - 149.0m of weak to strong mineralization including a narrow 0.15m wide
interval of off-scale (greater than 9999 cps) radioactivity at 147.13m. A thin
cap of Devonian sandstone was encountered from 47.0m to 49.3m, overlying a
quartzitic gneiss to a depth of 55.6m. The quartzitic gneiss was underlain by a
foliated and locally faulted strongly altered locally strongly graphitic pelitic
gneiss. Foliation is generally moderate to steep to core axis at 020 degrees to
048 degrees. The hole is still in progress at a depth of 188.0m. Moderate to
strong clay alteration is present from 49.3m to 162.5m.
Line 435E: Drillhole PLS13-073 was collared as a vertical hole. The hole was
drilled to a depth of 248.0m. The hole is collared 15m grid east of PLS13-066.
Two zones of mineralization were intersected (19.5m and 11.0m wide
respectively), separated by 21.0m of unmineralized rock. The upper zone (102.0m
- 121.5m) is characterized by variably weak to moderate radioactivity
throughout. A narrow 0.1m wide interval of off-scale radioactivity (greater than
9999 cps) was intersected at 107.79m. The lower zone (142.5m - 153.5m) is
characterized as weak to locally strong radioactivity throughout. A narrow 0.33m
wide interval of off-scale radioactivity (greater than 9999 cps) was intersected
at 138.1m. A thin cap of Devonian sandstone was encountered from 50.0m to 53.0m,
overlying a quartz-feldspar granofel to a depth of 90.1m. The quartz-feldspar
granofel was underlain by alternating sequence of pelitic gneiss and mylonites
to the end of hole depth of 248.0m. The foliated pelitic gneiss and mylonite
sequence is moderately clay altered to 226.0m and sulphide bearing from 235.5m
to 248.0m. Foliation is generally steep to core axis at 010 degrees to 040
degrees. The hole was terminated at a depth of 248.0m in unaltered sulphide
bearing pelitic gneiss. It appears that this drill hole tested south of the
upper pelitic gneiss and quartz-feldspar granofel contact, which has been the
optimal area for intersecting high grade mineralization in the R390E zone.
Stepping out to the north of drill hole PLS13-073 should test this highly
prospective zone.
R390E
----------------------------------------------------------------------------
Devon- Base-
ian ment
(i) Hand-held Scintillometer Sand- Uncon- Total
Results On Mineralized stone for- Drill-
Drillcore (greater than 300 From - mity hole
cps / greater than 0.5m To Depth Depth
Collar minimum) (m) (m) (m)
-------------------------------------------
Wid- CPS
Grid From To th Peak
Hole ID Line Az Dip (m) (m) (m) Range
----------------------------------------------------------------------------
less than
300 -
PLS13- greater 50.0 -
073 435E 132 -89 102.0 121.5 19.5 than 9999 53.0 53.0 248.0
------------------------------
less than
300 -
greater
142.5 153.5 11.0 than 9999
----------------------------------------------------------------------------
less than
300 -
PLS13- greater 47.0 -
075 330E 0 -90 57.5 127.5 70.0 than 9999 49.3 49.3 188.0
------------------------------
580 -
greater
67.5 90.5 23.0 than 9999
------------------------------
less than
130.0 142.0 12.0 300 - 6800
------------------------------
less than
300 -
greater
146.5 149.0 2.5 than 9999
------------------------------
151.0 153.0 2.0 400 - 1800
------------------------------
157.0 157.5 0.5 1000
------------------------------
less than
160.0 162.5 2.5 300 - 3600
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G
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: https://www.youtube.com/watch?v=FkZgVf4aazo
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, (greater than 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"
------------------------------------
President, CEO and Director
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Alpha Minerals Inc.
Robert (Bob) Meister
Vancouver, BC
(604) 629-0293
Toll Free: 1-866-629-0293
info@alphaminerals.ca
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