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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Alpha Minerals | TSXV:AMW | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
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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 (greater than 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
R780E Zone:
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" (greater than 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 approx. -86 degrees 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 (greater than 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.
R780E
----------------------------------------------------------------------------
(i) Hand-held Scintillometer
Results On Mineralized Base- Total
Drillcore (greater than 300 ment Drill
(ii) Hole cps / greater than 0.5M Devonian Uncon- -
Location minimum) Sandstone formity hole
------------------------------------------
Grid CPS
Lin From To Width Peak From - Depth Depth
Hole ID e Az Dip (m) (m) (m) Range To (m) (m) (m)
----------------------------------------------------------------------------
less than No
PLS13-082 795E 188 -86 118.5 126.0 7.5 300 - 500 Sandstone 55.3 380.0
less than
141.0 144.5 3.5 300 - 820
less than
300 -
greater
146.5 181.5 35.0 than 9999
less than
217.0 218.5 1.5 300 - 1200
223.0 224.0 1.0 630 - 3100
less than
228.5 232.5 4.0 300 - 1500
1000 -
237.0 238.5 1.5 4200
----------------------------------------------------------------------------
No
PLS13-089 765E 117 -83 97.5 98.0 0.5 2500 Sandstone 54.2 393.0
less than
108.0 114.5 6.5 300 - 980
131.0 132.0 1.0 300 - 570
less than
142.5 147.5 5.0 300 - 1800
less than
150.0 166.5 16.5 300 - 3200
169.5 170.5 1.0 770 - 3200
740 -
greater
179.5 181.0 1.5 than 9999
less than
198.5 206.5 8.0 300 - 6500
223.0 224.0 1.0 600 - 1300
less than
311.5 313.5 2.0 300 - 490
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G
(ii) 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, (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, 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.
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:
For corporate communications 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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