Alpha JV Drills 3rd Radon Zone at PLS and Expands Mineralized Strike Length to 1.02km, Athabasca Basin, Saskatchewan
August 15 2013 - 9:52AM
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 the discovery of a fourth zone of uranium mineralization and off-scale
radioactivity located 165m grid-east of the R780E zone on its Patterson Lake
South ("PLS") property in the Athabasca Basin, Saskatchewan. This fourth zone is
referred to as the R945E zone. There are now four mineralized zones on strike
with each other along a 1.02km trend.
Hole PLS13-084, drilled on section line 945E, has returned 2.7m total composite
off-scale (greater than 9999 cps) mineralization, within 18.0m mineralization.
The hole is still in progress at a depth of 302.0m and further material
information as warranted will be provided as it becomes available.
PLS13-084 Drilling Highlights so far include:
-- 165m grid east step out testing a radon in water anomaly along strike of
other zones on the property;
-- Moderate to locally strong mineralization present in multiple discrete
intervals from 0.5m to 35.5m wide from vertical depth of 104.5m -
255.5m;
-- 18.0m wide interval (234.0m - 252.0m) with 2.7m wide total composite
off-scale (greater than 9999 cps) mineralization in several discrete
intervals including a 1.0m wide interval of continuous off-scale
mineralization (247.0m - 248.0m);
The recently released drill hole PLS13-080 which intersected 48.5m of nearly
continuous mineralization (see News Release August 12, 2013) was the fourth and
by far the strongest drill hole of a four-hole drill fence at the R780E zone.
Similarly, the full potential of the mineralization described in this news
release will not be fully realized until a complete fence of holes is completed
across the radon anomaly at 945E. The significant breadth of mineralization in
drill hole PLS13-084 will be aggressively followed up.
R945E Zone:
The R945E zone discovery was the result of follow-up by drilling of a radon in
water anomaly identified during the Phase 2 EIC Radon In Water and Radon in
Sediment Survey Program completed during April 2013, by RadonEx Exploration
Management. The radon anomaly is the strongest radon in water anomaly to date
(see News Release May 6, 2013). This anomaly lies along a ENE trend, parallel to
the PL-3B EM conductor.
Hole PLS13-084 was collared as a vertical hole and tested the center of the 945E
radon in water anomaly. Moderately anomalous and intermittent radioactivity was
encountered from 104.5m to 139.5m in intervals up to 7.0m wide. From 159.5m to
255.5m anomalous radioactivity is more persistent occurring in discrete
intervals of moderate to locally strong radioactivity ranging in width from 0.5m
to 35.5m. The most robust mineralization is present in a 18.0m interval from
234.0m to 252.0m which is moderately to strongly radioactive throughout
including several narrow intervals from 0.1m to 1.0m wide of off-scale (greater
than 9999 cps) mineralization totaling a composite of 2.7m. Basement bedrock was
encountered at 59.0m below the surface. The upper part of the lithologic
sequence (59.0m to 132.4m) is comprised of alternating quartzitic and pelitic
gneiss transitioning to a dominantly pelitic gneiss sequence from 132.4m to
221.8m. Below 221.8m the package is comprised of alternating pelitic,
semipelitic and quartzitic gneiss. The hole is presently at 302.0m and drilling
is still in progress.
Table 1 (results to date)
R945E
---------------------------------------------------------------------------
(i) Hand-held Scintillometer
Results On
Mineralized Drillcore
(greater than 300 cps /
Collar greater than 0.5M minimum) Devon- Base-
-------------- ------------------------------ ian ment
Sand- Unconf- Drill-
CPS stone ormity hole
Grid From To Width Peak From-To Depth Depth
Hole ID Line Az Dip (m) (m) (m) Range (m) (m) (m)
---------------------------------------------------------------------------
PLS13-084 945E 0 -90 104.5 108.5 4.0 less than N/A 59.0 302.0
300 - 800
119.0 119.5 0.5 360
132.5 139.5 7.0 less than
300 - 1500
159.5 195.0 35.5 less than
300 - 3700
198.0 205.0 7.0 less than
300 - 5100
209.5 222.0 12.5 less than
300 - 4500
225.0 225.5 0.5 750
228.5 229.5 1.0 550 - 880
234.0 252.0 18.0 less than
300 - 9999
255.0 255.5 0.5 650
---------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G
The Joint Venture recognizes the radon in water and radon in sediment surveys as
an effective tool to help prioritize targets along a prospective trend, but also
notes that not all well mineralized holes have a radon anomaly immediately
above. Additional drilling will help establish this relationship.
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 drill 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.
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
(604) 629-0293 or Toll Free: 1-866-629-0293
(604) 684-9365 (FAX)
info@alphaminerals.ca
www.alphaminerals.ca
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