Alpha Minerals JV Hits 47m Mineralization Including 5.27m Total Composite "Off-Scale" to Expand R390e Zone at Patterson Lake ...
August 22 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 five holes drilled on the R390E Zone. Since
the winter 2013 drill program the R390E zone has doubled in strike length to
120m. The reported drill holes in this news release are highlighted by
PLS13-086, which intersected a 47.0m wide mineralized zone, including a total of
5.27m composite "off-scale", it appears more robust than hole PLS13-061 drilled
10m to the north on line 360E and is further evidence of the high-grade
potential of the zone.
Several holes are reported in this news release that have no Devonian Sandstone
intersections. This makes the R390E Zone a potential candidate area for one of
the bedrock sources of the large uranium boulder field. Of additional note is
hole PLS13-083, a 15m step out hole to the west of hole PLS13-075, which
reported 61.5m total composite mineralization in several intervals over a width
of 105.5m (53.0m to 158.5m).
Holes PLS13-078, PLS13-081, PLS13-083, PLS13-085 and PLS13-086 tested lines
435E, 405E, 315E, 330E and 360E of the R390E zone respectively and all
intersected relatively wide zones of mineralization of varying degrees of
radioactivity.
Drilling Highlights include:
-- Extend strike length of R390E zone to 120m
-- PLS13-086 (line 350E) intersected 47m of mineralization (75.0m -
122.0m), including:
-- 5.27m total composite off-scale (greater than 9999 cps), including:
-- 3.0m of continuous off-scale (greater than 9999 cps) (101.0m -
104.0m)
-- PLS13-083 (line 315E) intersected 61.5m total composite of variably
radioactive mineralization over a 105.5m wide interval (53.0m - 158.5m).
Clay alteration from 53 m to 192. Includes some poor core recovery where
the hand held scintillometer results are moderate and the down hole
gamma probe results show strongly anomalous values over a 1.0 m interval
from 80.0m - 81.0m within an interval from 80.0m - 83.0m where core
recovery was estimated at 48.7%.
-- PLS13-078 (line 435E) intersected 42.0m total composite of variably
radioactive mineralization over a 60.5m wide interval (75.0m to 135.5m)
-- Upper Zone: 31.5m mineralization (85.0m - 166.5m), including:
-- 1.25m total composite off-scale (greater than 9999 cps) (97.0m -
98.0m)
-- Lower Zone: 10.0m mineralization (125.5m - 135.5m)
-- PLS13-085 (line 330E) intersected 36.0m total composite of variably
radioactive mineralization in several intervals over a 55.5m wide
interval (58.5m - 114.0m), including:
-- 22.5m of variably radioactive mineralization (82.0m - 104.5m),
including:
-- 2.16m total composite off-scale (greater than 9999 cps) (85.5m to
87.81m)
-- PLS13-081 (line 405E) intersected 25.5m of variably radioactive
mineralization (105.0m - 130.5m)
R390E Zone:
Line 315E: Drill hole PLS13-083 was collared as a vertical hole. The collar is
located approximately 15m grid west from hole PLS13-075 (see news release July
29, 2013). Weakly anomalous radioactivity starts immediately in the basement
rocks at 53.0m increasing in intensity below 55.0m. Several variably moderate to
strong radioactive mineralized intervals ranging in width from 0.5m to 17.5m
wide were intersected over a 105.5m span from 53.0m to 158.5m. Occasional narrow
intervals of off-scale (greater than 9999 cps) radioactivity were intersected
raging in widths from 0.1m to 0.35m wide each. Overburden continued to 53.0m and
no Devonian sandstone was observed. From 53.0m to 178.1m, bedrock consists of
alternating pelitic and quartz-feldspar gneiss. A diabase dyke is present from
178.1m to 186.0m and semipelitic gneiss from 186.0m to the end of hole depth of
278.0m. Moderate clay alteration is present from 53.0m to 192.0m. Downhole
triple gamma probe results show that a 1.0m wide interval (80.0m - 81.0m) of
strongly anomalous gamma counts (16,981 cps - 52,841 cps) was intersected
downhole but corresponding hand scintillometer results from this interval are
weak at 330cps - 760 cps. This discrepancy is explained due to poor recovery
(48.7% recovery) in this moderately clay altered interval from 80.0m - 83.0m.
Line 330E: Drill hole PLS13-085 was collared as a vertical hole. The collar is
located approximately 10m grid north of PLS13-075. Several variably radioactive
mineralized intervals ranging in width from 2.5m to 22.5m wide were intersected
over a 55.5m span from 58.5m to 114.0m. The main zone of mineralization occurs
over a 22.5m wide interval (82.0m - 104.5m) and is characterized by variably
moderate to strong radioactivity including a total composite of 2.16m of
off-scale (greater than 9999 cps) radioactivity. Bedrock was encountered at
57.0m and comprised pelitic gneiss from 57.0m to 140.0m transitioning to
dominantly semipelitic gneiss from 140.0m to the end of hole depth of 224.0m.
Line 360E: Drill hole PLS13-086 was collared as a vertical hole. The collar is
located approximately 10m grid south of PLS13-061 (23.5m with 1.39% U3O8, see
News Release June 03, 2013). A 47.0m wide mineralized interval of variably weak
to strong radioactivity was intersected (75.0m - 122.0m). A total composite of
5.27m of off-scale (greater than 9999 cps) radioactivity was intersected in
several intervals from 0.14m to 3.0m wide. Bedrock was encountered at 50.0m and
is comprised of a quartzitic gneiss to 74.5m and alternating pelitic gneiss and
undifferentiated mylonites to 207.7m. From 207.7m to the end of hole depth of
263.0m a semipelitic gneiss was encountered. Moderate to strong clay alteration
is present from 50.0m to 208.7m with localized occurrences of sulphide
(pyrite?).
Line 405E: Drill hole PLS13-081 was collared as a vertical hole. The collar is
located approximately 10m grid north of PLS13-064 (10.5m with 0.43% U3O8, see
news release June 03, 2013). A 25.5m wide mineralized interval (105.0m to
130.5m) of variably weak to moderate radioactivity was intersected. The hole
deviated to the south with the net result being the mineralized zone is within a
few meters of the same zone intersected in PLS13-064. A thin layer of Devonian
sandstone was intersected from 49.5m to 51.5m. Basement rocks consist primarily
of semipelitic gneiss throughout. A 5.0m wide Diabase dyke was intersected from
58.4m to 63.4m.
Line 435E: Drill hole PLS13-078 was collared as a vertical hole. The collar is
located approximately 10m grid north of PLS13-073 (see news release Jul 29,
2013). A total mineralized composite of 42.5m of moderate to locally strong
radioactivity over two main intervals over a 50.5m span was encountered in 3
intervals (85.0m - 135.5m) ranging from 0.5m to 31.5m wide. A 31.5m interval of
mineralization is characterized by moderate to strong radioactivity including a
total composite of 1.25m of off-scale (greater than 9999 cps) radioactivity. The
mineralization on PLS13-078 appears to be up-dip by about 17m from hole
PLS13-073. Devonian sandstone was intersected from 50.0m to 53.5m. Basement
rocks consist of an alternating pelitic gneiss and undifferentiated mylonite
sequence from 53.5m to 120.5m, transitioning to a semipelitic gneiss below
120.5m to the end of hole depth at 224.0m. Moderately pervasive clay alteration
is present from 53.5m to 142.0m.
R390E
----------------------------------------------------------------------------
(i) Hand-held Scintillometer Results
On Mineralized Drillcore
(greater than 300 cps / greater than 0.5M
Collar minimum)
------------------------------------------------------------------
Grid From To Width CPS Peak
Hole ID Line Az Dip (m) (m) (m) Range
----------------------------------------------------------------------------
less than 300 -
PLS13-078 435E 222 -84 85.0 116.5 31.5 greater than 9999
122.0 122.5 0.5 320
125.5 135.5 10.0 less than 300 - 5900
----------------------------------------------------------------------------
PLS13-081 405E 142 -84 105.0 130.5 25.5 less than 300 - 7300
----------------------------------------------------------------------------
less than 300 -
PLS13-083 315E 84 -88 53.0 70.5 17.5 greater than 9999
73.5 74.0 0.5 560
77.0 82.5 5.5 less than 300 - 760
91.0 92.5 1.5 1800 - 6300
105.5 108.0 2.5 300 - 1900
110.5 114.0 3.5 400 - 8400
120.5 127.0 6.5 less than 300 - 7700
less than 300 -
129.0 145.5 16.5 greater than 9999
less than 300 -
151.0 158.5 7.5 greater than 9999
----------------------------------------------------------------------------
PLS13-085 330E 0 -90 58.5 64.0 5.5 less than 300 - 2800
67.5 70.0 2.5 380 - 650
less than 300 -
82.0 104.5 22.5 greater than 9999
109.0 114.0 5.0 410 - 1200
178.0 178.5 0.5 580
----------------------------------------------------------------------------
less than 300 -
PLS13-086 360E 283 -86 75.0 122.0 47.0 greater than 9999
530 - greater than
99.0 121.5 22.5 9999
151.5 154.0 2.5 less than 300 - 770
173.5 174.5 1.0 390 - 640
178.0 178.5 0.5 350
----------------------------------------------------------------------------
R390E
----------------------------------------------------------------------------
Devonian Basement Total
Sandstone Unconformity Drillhole
From - Depth Depth
Hole ID To (m) (m) (m)
----------------------------------------------------------------------------
PLS13-078 50.0 - 53.5 53.5 224.0
----------------------------------------------------------------------------
PLS13-081 49.5 - 51.5 51.5 230.0
----------------------------------------------------------------------------
PLS13-083 No Sandstone 53.0 278.0
----------------------------------------------------------------------------
PLS13-085 No Sandstone 57.0 224.0
----------------------------------------------------------------------------
PLS13-086 No Sandstone 50.0 263.0
----------------------------------------------------------------------------
(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.
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 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.
Updated maps can be found on the Company's website at
http://www.alphaminerals.ca/projects-mainmenu-6/gold-projects-mainmenu-30/patterson-lake-south.
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
(604) 629-0293
Toll Free: 1-866-629-0293
(604) 684-9365 (FAX)
info@alphaminerals.ca
www.alphaminerals.ca
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