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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
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Alpha Minerals JV Intersects Significant Mineralization at Radon Anomaly on Line 585E: Expanding Potential at PLS, Athabasca ...

23/09/2013 8:00am

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 intersection of significant mineralization at the first drill hole
on line 585E, which targeted a radon in water anomaly in the current drill
programme, on its Patterson Lake South ("PLS") property in the Athabasca Basin,
Saskatchewan. 


This first hole on line 585E, PLS13-098, intersected 76.0m total composite
mineralization within 107.5m section (62.5m - 170.0m), including 7.62m total
composite off-scale radioactivity. This drill hole on line 585E is located
approximately halfway between the R390E and R780E zones or 150m grid east of the
edge of the R390E Zone (PLS13-078 on line 435E, see news release August 22,
2013). This is the fourth successful test of Radon targets from the survey
carried out by RadonEx earlier in 2013 for the Joint Venture. These add to the
original discovery area and the JV now has five areas of mineralization on
strike along a 1.02 km trend.


Drilling Highlights drill hole PLS13-098 include:



--  PLS13-098 represents a Potential 5th high grade Zone, located halfway
    between R390E and R780E zones along the PL-3B EM conductor trend 
    
--  76.0m of total composite mineralization at shallow depth within 107.5m
    section (62.5m - 170.0m) 
    
--  7.62m of off-scale in several narrow discrete intervals ranging from
    0.09m to 2.21m each 



Line 585E Area

The Line 585E Area is defined by one drill hole (PLS13-098), and is located
approximately 150m grid east of the easternmost defined edge of the R390E zone.
The hole was targeted on a radon in water anomaly along the northern edge of the
low resistivity feature, which is associated with the mineralized east-northeast
trending pelitic corridor (the PL-3B EM conductor), and its coincident radon in
water and sediment anomalies. The geologic setting of the Line 585E Area is
similar to the R00E, R390E, R780E, and R945E zones, consisting of mineralization
primarily associated with sequences of steeply south dipping pelitic lithology
with localized mylonites and cataclasites. 


Hole PLS13-098 (line 585E) was collared as a vertical hole and completed to a
depth of 317.0m. The hole is located approximately 150m grid east of hole
PLS13-078 (42.0m of total composite mineralization with 1.25m total composite
off-scale - (see news release August 22, 2013). A number of discrete intervals
of variably radioactive mineralization occur from 62.0m to 283.0m. The most
significant mineralization occurs within a 107.5m section (62.5m to 170.0m) in
widths ranging from 1.5m to 33.5m. Four of these intervals contain discrete
intervals of off-scale (greater than 9999 cps) radioactivity from 0.09m to 2.21m
wide, for a total measured composite of 7.62m of off-scale radioactivity. The
intervals of 123.0m - 139.5m and 145.5m - 149.5m are the strongest mineralized
sections, containing the majority of the off-scale radioactivity. 


Basement bedrock was encountered at 62.4m below the surface. Pelitic gneiss
occurs from 62.4m to 277.2m. From 277.2m to the end of hole depth of 317.0m
basement is comprised of a semipelitic gneiss. Strong mylonites and cataclasites
are present from 105.0m to 115.5m, dipping at 10 degrees to 40 degrees to core
axis. Moderate to strong chlorite alteration is present from 62.4m to 117.1m and
moderate to strong clay alteration from 117.1m to 171.4m. Weak to moderate
chlorite alteration is present from 171.4m to 317.0m 


R585E



----------------------------------------------------------------------------
                                     (i) Hand-held Scintillometer Results On
                               Mineralized Drillcore (greater than 300 cps /
                       Collar                    greater than 0.5M minimum)
          ------------------------------------------------------------------
               Grid              From      To    Width                      
Hole ID        Line   Az  Dip     (m)     (m)      (m)        CPS Peak Range
----------------------------------------------------------------------------
PLS13-098      585E  175  -89    62.5    64.0      1.5             400 - 850
                                                            less than 300 -
                                 67.0   100.5     33.5    greater than 9999
                                103.5   105.0      1.5             350 - 650
                                111.0   120.5      9.5 less than 300 - 2200
                                                            less than 300 -
                                123.0   139.5     16.5    greater than 9999
                                                         1000 - greater than
                                145.5   149.5      4.0                  9999
                                                            less than 300 -
                                160.5   170.0      9.5    greater than 9999
                                198.0   199.5      1.5             310 - 440
                                282.5   283.0      0.5                   380
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G                                      

----------------------------------------------------------------
                                                                
                    Devonian          Basement                  
                   Sandstone      Unconformity   Total Drillhole
                                                                
Hole ID        From - To (m)         Depth (m)         Depth (m)
----------------------------------------------------------------
PLS13-098              N / A              62.4             317.0
                                                                
                                                                
                                                                
                                                                
                                                                
                                                                
                                                                
                                                                
----------------------------------------------------------------
(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, 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/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: 
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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