Alpha JV Drilling Extends Mineralization at R00E Zone, Patterson Lake South, Athabasca Basin
August 08 2013 - 6:30AM
Marketwired Canada
Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA), (the "Company" or
"Alpha"), and its 50% Joint Venture partner Fission Uranium Corp. are pleased to
announce results for an additional four holes drilled on the R00E Zone.
PLS13-079 is of particular note. With an 18.5m wide mineralized zone with a
total of 4.94m composite "off-scale", including a continuous 4.63m interval of
continuous "off-scale", it surpasses hole 054 to the north on line 015E and is
further evidence of the high-grade potential of the zone. These holes add to the
overall area of mineralization at the R00E Zone.
Hole PLS13-074 tested the western extent of R00E while PLS13-076, PLS13-077 and
PLS13-079 tested the central area of the zone. All four holes intersected
varying degrees of mineralization.
Drilling Highlights include:
-- PLS13-079 (line 015E) intersected 18.5m of mineralization (82.5m -
101.0m) with a composite total of 4.94m "off-scale" radioactivity
including a 4.63m section of continuous off-scale radioactivity
-- PLS13-077 (line 000W) intersected two wide mineralized intervals (59.0m
- 70.5m and 73.5m - 88.5m) of weak-to-moderate radioactivity separated
by 3m of barren rock
R00E Zone: Four close spaced holes were completed on lines 075W, 030W, 000W and
015E of the R00E zone. Interpretation so far shows mineralization to be focused
in a footwall steeply south dipping package of E-NE trending pelitic gneiss
sandwiched between a semi-pelitic rock to the north and a quartz-feldspar gneiss
to the south. This lithologic package appears to be parallel along strike to the
approx. 073 degrees oriented basement EM conductor identified from airborne and
ground geophysics surveys.
As was the case with previous drill results from the R00E zone, the main
mineralized horizon appears to be structurally controlled and generally flat
lying within the pelitic (+/- graphite) unit, with the upper level of the
mineralized zone occurring at or near the top of the Archean basement rocks,
either within or immediately below a thin veneer or Devonian sandstone.
This mineralization in the Devonian sandstone veneer appears to be part of a
debris flow or turbidite sediment with angular clasts of uranium that may have
been derived from a high energy erosion of mineralization exposed at the top of
a body of basement mineralization on the floor of the Devonian sea. It does not
have the characterisitics of hydrothermal mineralization such as is seen in the
basement mineralization elsewhere.
The Devonian cover appears to be patchy and the uranium boulders in the boulder
field down ice did not show any evidence of association with Devonian sandstone
lithologies. This is significant as it opens the possibility that the source of
the uranium boulders may be located in a nearby window in the Devonian veneer
where basement mineralization was scoured by the overriding till sheet as it was
pushed towards the west -South-West by the ice.
The uranium mineralization encountered to date in the 3 zones of high grade
mineralization was not the source of the large uranium boulder field down Ice.
Mineralization has been traced along strike from line 075W to line 060E. The
zone remains open along strike both to the west and east and width
(north-south).
Line 075W
One vertical drill hole (PLS13-074) was collared 15m grid west of PLS13-049
(1.93% U3O8 over 18.5m) and intersected two narrow weakly mineralized intervals
(65.0m - 66.0m and 105.0m to 106.0m). Further drilling on this line is required
to determine if the high-grade mineralization seen in PLS13-049 continues to
line 075W.
Line 030W
One vertical drill hole (PLS13-076) was collared 10m south of PLS13-037 (7.25m @
2.25% U3O8). The hole intersected a 14.0m wide zone of weak to moderate
radioactivity (177.5m - 191.5m) relatively deep in the hole. The location of
this mineralization fits with the model showing a steep dip to the
mineralization in the southern-most hanging wall, paralleling the lithologic
contact between the pelitic gneiss and the quartz feldspar gneiss.
Line 000W
Angle hole PLS13-077 was collared at 338 degrees azimuth and a dip of -84
degrees designed to test for the continuation of mineralization 15m north of
PLS12-023 (0.27% U3O8 over 9.5m). The hole intersected two zones of weak to
moderate radioactive mineralization: an 11.5m wide upper zone (59.0m - 70.5m)
and a 15.0m wide lower zone (73.5m - 88.5m). Lithology consists of a 5.4m veneer
of Devonian sandstone (56.0m - 61.4m) directly overlying a pelitic gneiss.
Pelitic gneiss was encountered from 61.4m to 80.1m and a the footwall
semipelitic gneiss from 80.1m to 259.5m (EOH). Mineralization is dominantly
hosted within the pelitic gneiss but continues into the footwall semipelitic
gneiss.
Line 015E
Angle hole PLS13-079 was collared at an 028 degrees azimuth and a dip of -75
degrees to test for mineralization on line 015E, approximately 10m south of
PLS13-054 (11.5m @ 0.28% U3O8). The hole intersected a 18.5m interval of weak to
strong radioactive mineralization (82.5m - 101.0m) including two discrete
intervals of "off-scale" (greater than 9999 cps) radioactivity totaling a
composite of 4.94m. This high-grade mineralization extends the high-grade
intersection intersected in hole PLS13-059 a further 8m to 15m to the south, and
continues to open up the potential of this area.
Table 1
R00E
----------------------------------------------------------------------------
(i) Hand-held
Scintillometer Results On Basement Total
Mineralized Drillcore Devonian Uncon- Drill
(greater than 300 cps / Sandstone formity -hole
greater than 1.0M From - To Depth Depth
Collar minimum) (m) (m) (m)
----------------------------------------
CPS
Grid From To Width Peak
Hole ID Line Az Dip (m) (m) (m) Range
----------------------------------------------------------------------------
PLS13- 550 - 60.9 -
074 075W 76 -89 65.0 66.0 1.0 1050 66.0 66.0 203.0
105.0 106.0 1.0 370
----------------------------------------------------------------------------
less
than
PLS13- 300 - 54.0 -
076 030W 61 -89 177.5 191.5 14.0 2700 61.4 61.4 267.0
----------------------------------------------------------------------------
PLS13- 340 - 56.0 -
077 000W 338 -84 59.0 70.5 11.5 7500 61.4 61.4 259.5
less
than
300 -
73.5 88.5 15.0 4000
----------------------------------------------------------------------------
330 -
greater
PLS13- than No
079 015E 28 -75 82.5 101.0 18.5 9999 Sandstone 59.0 218.0
5700 -
greater
than
91.0 97.5 6.5 9999
300 -
119.0 121.0 2.0 490
----------------------------------------------------------------------------
(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.
Down hole radiometric surveys are planned for all drill holes, using a total
counts Mount Sopris 2GHF-1000 Triple Gamma probe. This unit can carry out more
accurate measurements in high grade mineralized zones than the unit used in the
earlier part of the drill campaign 2011-winter 2012.
Drill 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 corporate
video at the Alpha Minerals website: http://www.alphaminerals.ca.
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,
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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
Suite 408 - 1199 West Pender St. Vancouver, B.C., V6E 2R1
(604) 629-0293 / Toll Free: 1-866-629-0293
(604) 684-9365 (FAX)
info@alphaminerals.ca
www.alphaminerals.ca
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