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AMW Alpha Minerals

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Share Name Share Symbol Market Type
Alpha Minerals TSXV:AMW TSX Venture Common Stock
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Alpha Minerals JV Intersects 34.5m of 8.15% U3O8 Starting at 61.0m in Drill Hole PLS13-072 at PLS, Athabasca Basin

25/09/2013 11:30am

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
report assay results from holes PLS13-072 (line 345E) and PLS13-073 (line 435E)
drilled on the Western and Eastern regions of the R390E zone, at their Patterson
Lake South (PLS) property, Saskatchewan. The main zone of mineralization for
PLS13-072 returned an interval of 8.15% U3O8 over 34.5m, including a higher
grade core of 19.28% U3O8 over 7.5m. With an overall Grade x Thickness (GT)
value of 281.2 for the near surface interval, this hole ranks amongst the best
mineralized holes to date at PLS. 


Assay Highlights



--  PLS13-072 
    --  34.5m @ 8.15% U3O8 (61.0m - 95.5m) with GT 281.2, including: 
        --  7.50m @ 19.28% U3O8 (65.5m - 73.0m) 
        --  21.53% U3O8 over 4m (91.0m - 95.0m) 
    --  Highest assay of 47.0% U3O8 (68.5m - 69.0m) 



Composited U3O8 mineralized intervals are summarized in Table 1 below. Samples
from the drill core are split in half on site. Where possible, samples are
standardized at 0.5m down-hole intervals. One-half of the split sample is sent
to the laboratory for analysis and the other half remains on site for reference.
All depth measurements reported, including sample and interval widths are
down-hole, core interval measurements and true thickness are yet to be
determined.


Table 1



----------------------------------------------------------------------------
Zone                                  From         To   Interval        U3O8
            Hole ID   Grid Line        (m)        (m)        (m)       (wt%)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
R390E     PLS13-072        330E      61.00      95.50      34.50        8.15
                                     65.50      73.00       7.50       19.28
                                     91.00      95.00       4.00       21.53
----------------------------------------------------------------------------
                                     98.50     109.50      11.00        0.58
                                    112.00     116.00       4.00        0.46
                                    119.50     122.50       3.00        0.81
                                    125.00     133.50       8.50        0.57
                                    125.00     127.50       2.50        1.61
                                    137.00     143.50       6.50        2.22
                                    142.00     143.00       1.00       10.65
                                    155.00     158.00       3.00        0.56
                                    166.00     166.50       0.50        0.12
       ---------------------------------------------------------------------
          PLS13-073        435E     102.00     121.50      19.50        0.25
                                    105.50     108.50       3.00        0.92
                                    132.50     142.50      10.00        0.59
                                    137.50     138.50       1.00        4.81
----------------------------------------------------------------------------
Composite Parameters                                                        
1. Minimum Thickness: 0.50m                                                 
2. Grade Cut-Off: 0.05 U3O8 (wt%)                                           
3. Maximum Internal Dilution: 2.00m                                         



Drillhole PLS13-072 (line 330E) was collared as a vertical hole and was
completed at a depth of 209.0m. Mineralized zones as defined by assays of
greater than 0.05% U3O8 over greater than 0.5m are present in discrete intervals
over a 105.5m wide section (61.0m - 166.5m) each ranging in width from 0.5m to
34.5m wide. The main mineralized horizon was encountered from 61.0m - 95.5m and
returned a composited interval of 8.15% U3O8 over 34.5m, including a high-grade
core (65.5m - 73.0m) that returned 19.28% U3O8 over 7.5m. Basement bedrock was
encountered at 55.7m depth, immediately below the overburden with no Devonian
sandstone encountered above the basement. From 55.7m to 163.0m basement
lithology consists of alternating sequences of moderate-to-steeply dipping
pelitic gneiss and mylonites. Below 163.0m, the basement transitions to a
semi-pelitic gneiss. 


Drillhole PLS13-073 (line 435E) was collared as a vertical hole and was
completed at a depth of 248.0m. Two zones of mineralization were intersected:
19.5m @ 0.25% U3O8 (102.0m - 121.5m) and 10.0m @ 0.59% U3O8 (132.5m to 142.5m. A
thin cap of Devonian sandstone was encountered from 50.0m to 53.0m, overlying a
quartz-feldspar granofel to a depth of 90.1m. The quartz-feldspar granofel was
underlain by alternating sequence of pelitic gneiss and mylonites to the end of
hole depth of 248.0m. The foliated pelitic gneiss and mylonite sequence is
moderately clay altered to 226.0m and sulphide bearing from 235.5m to 248.0m.


For additional comments about the Summer 2013 Program, please watch a corporate
video at the Alpha Minerals website:
http://www.alphaminerals.ca/corporate-videos/


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. For the present
work, the exploration is still being operated as a Joint Venture under the
direction of the Joint Venture Management Committee with Fission Uranium acting
as the operator and further work is still planned by the Joint Venture Committee
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: 
Robert (Bob) Meister
Alpha Minerals Inc.
(604) 629-0293
(604) 684-9365 (FAX)
Toll Free: 1-866-629-0293
info@alphaminerals.ca

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