VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 12, 2013) - Alpha Minerals Inc. (TSX VENTURE:AMW), (the "Company" or "Alpha"), and its 50% Joint Venture partner Fission Uranium Corp. are pleased to announce the results from two new mineralized holes from the R780E zone at its Patterson Lake South ("PLS") property in the Athabasca Basin, Saskatchewan. Of particular note is PLS13-082, located 15m east and 10m north of hole PLS13-080 (13.41m of total composite off-scale…see August 12, 2013 news release) which returned 4.7m total composite off-scale (>9999 cps) mineralization, in 35.0m mineralization.
Drilling Highlights include:
- PLS13-082: Multiple intervals of moderate to strongly radioactive mineralization within 120m section (118.5m to 238.5m) in widths ranging from 1.0m to 35.0m including:
- 35m of moderate to strong continuous mineralization (146.5m to 185.5m), including:
- 4.7m total composite off-scale radioactivity
The R780E zone discovery was the result of follow-up by drilling of a radon in water anomaly identified during the January - February 2013 survey. The radon anomaly is on trend to the E-NE from the R00E and R390E zones, and is situated within a resistivity low corridor proximal to an inferred north-south cross cutting structure.
Hole PLS13-082 (line 795E) was collared as a vertical hole and completed to a depth of 380.0m. The hole is collared 15m grid east of hole PLS13-055, but deviated considerably to the S-SW where mineralization was intersected grid east of hole PLS13-060 (which intersected multiple zones of basement mineralization including 7.0m @ 1.22% U3O8 (see news release June 5, 2013). The hole is located to the east of a north-south fault as interpreted from resistivity geophysical data. Multiple zones of mineralization were intersected in the basement lithology within a 120.0m section between 118.5m - 238.5m, ranging in width from 1.0m to 35.0m. The main interval of mineralization is over a width of 35.0m (146.5m - 181.5m) which is characterized by variably moderate to strong radioactivity throughout, with occasional narrow intervals. A total composite of 4.7m of "off-scale" (>9999 cps) radioactivity is present in several discrete intervals ranging in width from 0.2 to 3.0m. The top of the basement was encountered at 55.3m depth. From 55.3m - 150.3m the rocks consist primarily of a moderately to steeply dipping foliated quartzitic gneiss. From 150.3m - 214.7m the rocks comprise of generally steeply dipping and strongly foliated alternating sequences of quartzitic and pelitic gneiss. From 214.7m to 380.0m (EOH) the basement rock transitions into primarily pelitic gneiss, locally sulphide bearing from 256.5m to 338.0m. Downhole surveys show the hole trace to have deviated to ~-86° to the south resulting in the mineralized intervals intersected approximately 15m south of the collar.
Hole PLS13-089 (line 765E) was collared as a vertical hole and completed to a depth of 393.0m, but deviated significantly to the S-SE. The hole is collared 15m grid west of hole PLS13-080, which intersected multiple zones of basement mineralization including a 48.5m (122.5m - 171.0m) wide broad zone of variable radioactivity from moderate-to-strong comprised of 4 intervals each separated by narrow intervals of barren rock (1.5m - 2.5m wide...see news release August 12, 2013). Multiple zones of generally weak to moderately radioactive mineralization, ranging in widths from 0.5m to 16.5m wide, were intersected in the basement lithology within a 126.5m section between 97.5m - 224.0m. A 0.16m interval of off-scale (>9999 cps) radioactivity was encountered within a narrow 1.5m wide mineralized zone (179.5m to 181.0m). The top of the basement rocks were encountered at 54.2m depth. Basement rocks from 54.2m to the end of hole depth of 393.0m consist primarily of alternating quartzitic and pelitic gneiss. Downhole surveys show the hole to have deviated significantly to the southeast resulting in the mineralized intersection being intersected several meters to the south of the mineralization in hole PLS13-080 rather than a test on strike to the west as intended.
|** Hole Location||* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)||Devonian |
|Hole ID||Grid |
|From - |
|PLS13-082||795E||188||-86||118.5||126.0||7.5||<300 - 500||No Sandstone||55.3||380.0|
|141.0||144.5||3.5||<300 - 820|
|146.5||181.5||35.0||<300 - >9999|
|217.0||218.5||1.5||<300 - 1200|
|223.0||224.0||1.0||630 - 3100|
|228.5||232.5||4.0||<300 - 1500|
|237.0||238.5||1.5||1000 - 4200|
|108.0||114.5||6.5||<300 - 980|
|131.0||132.0||1.0||300 - 570|
|142.5||147.5||5.0||<300 - 1800|
|150.0||166.5||16.5||<300 - 3200|
|169.5||170.5||1.0||770 - 3200|
|179.5||181.0||1.5||740 - >9999|
|198.5||206.5||8.0||<300 - 6500|
|223.0||224.0||1.0||600 - 1300|
|311.5||313.5||2.0||<300 - 490|
|* Scintillometer Instrument: GR-110G|
|** Azi / Dip at 50m Depth|
A $6.95M, 44 hole, 11,000m drill program and ground geophysics surveys continues at PLS. As of September 11, 2013, a total of 7745.9m has been drilled in 25 holes by casing the overburden with an RC rig, and coring the bedrock with a diamond rig.
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, like the down hole gamma probe 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 U 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 may return as the Operator of the Joint Venture in 2014. For the present work, the exploration is being operated under the direction of the Joint Venture Management Committee and further work is still planned for targets on land to the SW of the discovery zone R00E.
The property is accessible by road with primary access from all-weather Highway 955, which runs 74km north to the former Cluff Lake mine, (>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, PEng BC/SK, President, CEO and Director
Please refer to the Alpha Minerals Inc. website (www.alphaminerals.ca) for the video and further updated information.
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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.