ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

AMW Alpha Minerals

0.00
0.00 (0.00%)
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 Reports Recently Discovered R600W Zone Expands to 30m Strike Length at PLS, Athabasca Basin

27/11/2013 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 results for the final eleven holes of the current program at their
Patterson Lake South (PLS) property in Canada's Athabasca Basin. The holes
tested land-based targets west of the initial discovery zone. Holes PLS13-123
and PLS13-124 at the recently discovered sixth zone - R600W - returned
significant radioactivity. Their location confirms continuity of the zone over a
30m strike length (585W to 615W). The zone remains open in all directions.
Assays for 40 holes from the summer program are still pending. 


Drilling Highlights include:



--  PLS13-124 (line 615W) 
    --  37.0m total composite mineralization (within 97.5m - 208.5m) 
        
--  PLS13-123 (line 585W) 
    --  32.5m total composite mineralization (within 95.0m - 163.5m) 
        
--  Current drilling ends with 1.77km strike length of mineralized trend and
    six zones along trend 



Nine additional regional holes were drilled along or proximal to the
southernmost PL-3B resistivity corridor, west of the Discovery zone (R00E),
between lines 150W and 840W; PLS13-110, PLS13-111, PLS13-112, PLS13-113,
PLS13-114, PLS13-115, PLS13-117, PLS13-119 and PLS13-120. Drill hole PLS13-110
(line 405W) intersected anomalous radioactivity up to 1,227 cps from 96.6m to
98.6m as observed with the down hole triple gamma probe (2GHF-1000), however,
drill core was not recovered to confirm whether the radioactivity was within the
overburden or bedrock. 


The remainder of the regional drill holes did not intersect anomalous
radioactivity, but the geology, alteration, and structure showed a favorable
environment for more basement-hosted uranium mineralization along the conductor
corridor. Specifically, prospective pelitic gneiss (+/- graphite and sulphides),
varying degrees of localized hydrothermal alteration, and shear and brittle
fault zones were encountered. Particularly in light of the results of the newly
discovered R600W zone, further drilling is warranted to evaluate this land based
area for additional mineralization.


Ben Ainsworth, President of Alpha Minerals Inc comments that: "The Joint Venture
has achieved in this 12 month program of drilling almost what was completed in 4
years of work on Hathor's Roughrider discovery. Alpha management is very pleased
with the close working of the two JV partners which ESO Uranium Corp initiated
with Strathmore Minerals Corp in January 2007 and continued with the transition
to Fission Energy, the Spinco of the Canadian assets of Strathmore, that has
allowed this to happen. These last holes indicate how important it is to
continue to maintain a disciplined and tight drill pattern with proper
instruction to drill crews, who have completed a remarkable program this year,
as to where to start coring when the overburden thickness is reasonably
predictable and allows this." 


Summer Drilling Highlights to date include:



--  16,485m drilled and 53 completed drill holes (assays from 40 drill holes
    still pending and to be announced) 
--  Strike length of mineralized trend: 1.77km with 6 zones along trend 
    --  1.77km from PLS13-124 (line 615W) to PLS13-103 (line 1155E) 
--  38 holes, primarily lake-based barge collared holes along the 1,140m
    trend from lines 075W to 955E: 
    --  100% mineralization hit rate 
    --  Expansion of the three known high-grade zones (R00E, R390E and
        R780E) 
    --  Discovery of two new high-grade zones (R585E and R945E) and one area
        of potential continuation of the mineralized system at line 1155E 
--  15 land-based holes including discovery of the R600W zone 
    --  9 regional holes testing or proximal to the PL-3B EM conductor and
        coincident radon in soil gas anomalies 
    --  6 holes delineating the R600W zone which remains open in all
        directions 



R600W Zone

The R600W zone discovery was the result of follow-up by drilling of a radon in
soil gas anomaly identified by RadonEx during the summer program. The radon
anomaly is located between 540W and 630W and may be associated with inferred
north-south cross cutting structures. This anomaly lies along an ENE trend,
parallel and just north of the PL-3B EM conductor.


PLS13-123 (line 585W) was collared as a vertical hole and completed to a depth
of 260.0m. Five intervals of weak to locally moderate radioactivity were
encountered ranging in width from 1.0m to 20.0m wide, for a total composite of
32.5m of mineralization within a 68.5m section (95.0m to 163.5m). Basement rock
was encountered at 100.0m depth, directly below a 9.3m wide horizon of Devonian
sandstone. Pelitic gneiss was encountered from 100.0m to 179.8m transitioning to
a semipelitic gneiss from 179.8m to the end of hole depth of 260.0m. Sulphide
mineralization was present from 132.8m to 165.4m.


PLS13-124 (line 615W) was collared as a vertical hole and completed to a depth
of 257.0m. A total composite of 37.5m of mineralization within 8 discrete
intervals of variably weak to moderate radioactive mineralization was
intersected within a 111.0m section (97.5m to 208.5m), in interval widths
ranging from 0.5m to 11.5m. The upper part of the basement lithologic sequence
(99.0m to 213.5m) is comprised primarily of pelitic gneiss with several
intervals of mylonites from approximately 2m to 5m wide. From 213.5m to the end
of hole depth of 257.0m, basement is predominantly a semipelitic gneiss. 




R600W Zone                                                                  
----------------------------------------------------------------------------
                     (i) Hand-held Scintillometer                           
                        Results On Mineralized                              
                      Drillcore (greater than 300 Devonian Basement   Total 
                        cps / greater than 0.5M     Sand-   Uncon-   Drill- 
           Collar              minimum)             stone   formity   hole  
----------------------------------------------------------------------------
        Grid          From    To Width   CPS Peak   From -    Depth    Depth
Hole ID Line  Az Dip   (m)   (m)   (m)      Range   To (m)      (m)      (m)
----------------------------------------------------------------------------
PLS13-                                  less than  90.7 -                  
 123    585W  83 -87  95.0 115.0  20.0 300 - 1200    100.0    100.0    260.0
                                        less than                          
                     132.5 140.0   7.5 300 - 5100                           
                     142.5 145.0   2.5 320 - 2300                           
                     158.5 160.0   1.5  350 - 980                           
                     162.5 163.5   1.0  340 - 360                           
----------------------------------------------------------------------------
PLS13-                                              97.5 -                  
 124    615W 200 -89  97.5 104.0   6.5 450 - 5500     99.0     99.0    257.0
                     107.0 109.0   2.0 700 - 2000                           
                                        less than                          
                     114.0 121.5   7.5 300 - 1300                           
                                        less than                          
                     139.0 144.5   5.5 300 - 1000                           
                                        less than                          
                     147.5 150.0   2.5  300 - 700                           
                     184.5 185.0   0.5        470                           
                     187.5 188.5   1.0  360 - 460                           
                                        less than                          
                     197.0 208.5  11.5 300 - 2500                           
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G                                      



Regional Holes

Nine land-based drill holes (PLS13-110, 111, 112, 113, 114, 115, 117, 119 and
120) were drilled west of the R00E zone, along the same geophysics defined
lithologic corridor (PL-3B EM conductor) which hosts the R00E, R390E, R585E,
R780E and R945E zones, between lines 150W and 840W. The holes were targeted to
test the east-northeast trending corridor in conjunction with interpreted cross
cutting north-south faults, and in particular where radon anomalies were
located. All holes intersected varying amounts of pelitic gneiss with associated
localized development of weak to moderate clay alteration, overlying a
semipelitic gneiss. In addition, a common feature to most holes was an
intersection of a diabase dyke, ranging in widths from 2.1m to 17.1m wide. Drill
hole PLS13-110 (line 405W) intersected anomalous radioactivity up to 1,227 cps
from 96.6m to 98.6m as observed with the down hole triple gamma probe
(2GHF-1000), however, drill core was not recovered to confirm whether the
radioactivity was within the overburden or bedrock.


Anomalous radioactivity was not encountered in the other regional drill holes.
However, varying degrees of secondary hydrothermal alteration and favourable
structure were observed in all holes, which strengthens the understanding and
potential for basement hosted mineralization along the land-based western strike
extension of the PL-3B corridor. 


PLS13-120 (line 150W) was collared as s steeply dipping north oriented hole,
completed to 161.0m. Bedrock was encountered at 66.8m depth and consisted of a
pelitic gneiss to 118.3m transitioning to a semipelitic gneiss from 118.3m to
150.3m. Diabase was encountered from 150.3m to the end of hole depth of 161.0m.
Weak clay alteration was encountered throughout.


PLS13-119 (line 195W) was collared as a steeply dipping north oriented hole,
completed to 227.0m. Bedrock was encountered at 62.7m and consisted of a pelitic
gneiss to 193.7m, transitioning to a semipelitic gneiss from 193.7m to the end
of hole depth of 227.0m. Weak to locally moderate clay alteration was
encountered throughout.


PLS13-115 (line 360W) was collared as a steep dipping east oriented hole,
completed to a depth of 251.0m. Bedrock was encountered at 81.7m and consisted
of a quartzitic gneiss to 119.3m, overlying a dominantly pelitic gneiss to
226.4m. Diabase was encountered from 226.4m to 230.6m, overlying a semipelitic
gneiss from 230.6m to the end of hole depth 251.0m. Moderate to locally strong
clay alteration was present from 81.7m to 145.1m. Sulphide mineralization was
present from 156.7m to 224.2m. 


PLS13-117 (line 360W) was collared 10m grid north of PLS13-115 as a steep
dipping north oriented hole, completed to a depth of 221.0m. Bedrock was
intersected at 83.1m and consisted of a pelitic gneiss to 160.1m. Diabase was
intersected from 160.1m to 167.5m, overlying a semipelitic gneiss from 167.5m to
the end of hole depth of 221.0m. Moderate to strong clay alteration was present
from 83.1m to 111.6m.


PLS13-110 (line 405W) was collared as a steep dipping east oriented, completed
to a depth of 251.0m. Bedrock was anticipated at a down hole depth ranging
between 80.0m to 90.0m, and instead was encountered at 116.6m as a narrow 0.3m
pelitic gneiss interval overlying semipelitic gneiss from 116.9m to 223.7m. A
wide intersection of Diabase was encountered from 223.7m to 240.8m, which was
underlain by semipelitic gneiss to the end of hole depth of 251.0m. Weak
pervasive clay alteration was encountered from 122.0m to 251.0m. 


The down hole triple gamma probe (2GHF-1000) results suggest bedrock was
actually encountered at a depth of 92.3m. Anomalous radioactivity from the gamma
probe results showed up to 1,227 cps from 96.6m to 98.6m, which would have been
mineralized bedrock if drill core from this interval was not lost. It is likely
that soft pelitic bedrock was washed away and not recovered from 92.3m to 116.6m
during drilling.


PLS13-111 (line 405W) was collared 20m grid south of PLS13-110 as a steep
dipping north oriented hole, completed to a depth of 254.0m. Bedrock was
anticipated at a down hole depth ranging between 80.0m to 90.0m, and instead was
encountered at 101.0m as pelitic gneiss to 219.6m transitioning to a semipelitic
gneiss to the end of hole depth of 254.0m. Diabase was intersected from 221.8m
to 226.8m. Weak pervasive clay alteration, locally hematized was present
throughout. An interval with sulphide mineralization was encountered from 134.6m
to 164.7m.


The down hole triple gamma probe (2GHF-1000) results suggest bedrock was
actually encountered at a depth of 87.0m. It is likely that soft pelitic bedrock
was washed away and not recovered from 87.0m to 101.0m during drilling.


PLS13-113 (line 405W) was collared 20m grid south of PLS13-111 as a steep
north-east oriented hole, completed to a depth of 272.8m. Bedrock was
intersected at an anticipated depth of 85.0m and consisted of a quartzitic
gneiss to 102.3m overlying a pelitic gneiss from 102.3m to 264.4m. A semipelitic
gneiss was intersected from 264.4m to the end of hole depth of 272.8m. Weak
pervasive clay alteration is present throughout most of the basement. Local
intervals with sulphide mineralization were intersected between 215.8m and
254.7m.


PLS13-114 (line 705W) was collared as a steep dipping northwest oriented hole
completed to a depth of 206.0m. Bedrock was intersected at 104.2m and consisted
of pelitic gneiss to 124.9m. From 124.9m to the end of hole depth of 206.0m
basement lithology is primarily a semipelitic gneiss with localized quartzitic
granofels. Diabase was intersected from 142.7m to 154.3m. Moderate to strong
clay alteration, locally hematitic, is present from 104.2m to 124.9m.


PLS13-112 (line 840W) was collared as a steep dipping north-east oriented hole
completed to a depth of 248.0m. Basement was intersected at 104.1m and consisted
of pelitic gneiss to 145.1m, with a mylonitic interval from 119.5m to 122.4m.
From 145.1m to 234.7m the basement consists of primarily a semipelitic gneiss
with a 5.1m mylonitic interval from 190.4m to 195.5m. Diabase was encountered
from 234.7m to 236.8m. From 236.8m to the end of hole depth of 248.0m the
basement was comprised of a quartz-feldspar gneiss. Moderate to locally strong
clay alteration was present from 100.9m to 223.0m. 




Regional West                                                               
----------------------------------------------------------------------------
                              (i) Hand-held                                 
                        Scintillometer Results On                           
                          Mineralized Drillcore                             
                         (greater than 300 cps /   Devonian  Basement  Total
                            greater than 0.5M       Sand-     Uncon-  Drill-
             Collar              minimum)           stone    formity   hole 
----------------------------------------------------------------------------
        Grid            From  To Width   CPS Peak From - To            Depth
Hole ID Line    Az  Dip  (m) (m)   (m)      Range       (m) Depth (m)    (m)
----------------------------------------------------------------------------
PLS13-                             No Significant        No                 
 110    405W   352  -83             Radioactivity Sandstone     116.6  251.0
----------------------------------------------------------------------------
PLS13-                             No Significant        No                 
 111    405W    18  -87             Radioactivity Sandstone     101.0  254.0
----------------------------------------------------------------------------
PLS13-                             No Significant   100.9 -                 
 112    840W   315  -68             Radioactivity     104.1     104.1  248.0
----------------------------------------------------------------------------
PLS13-                             No Significant        No                 
 113    405W    49  -84             Radioactivity Sandstone      85.0  272.8
----------------------------------------------------------------------------
PLS13-                             No Significant   104.1 -                 
 114    705W   332  -73             Radioactivity     104.2     104.2  206.0
----------------------------------------------------------------------------
PLS13-                             No Significant        No                 
 115    360W   356  -81             Radioactivity Sandstone      81.7  251.0
----------------------------------------------------------------------------
PLS13-                             No Significant    80.0 -                 
 117    360W   338  -74             Radioactivity      83.1      83.1  221.0
----------------------------------------------------------------------------
PLS13-                             No Significant    59.7 -                 
 119    195W   334  -79             Radioactivity      62.7      62.7  227.0
----------------------------------------------------------------------------
PLS13-                             No Significant        No                 
 120    150W   334  -78             Radioactivity Sandstone      66.8  161.0
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G                                      



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. 


All holes are planned to be radiometrically surveyed using a Mount Sopris
2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in
high grade mineralized zones. The Triple Gamma probe is preferred in zones of
high grade mineralization.


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/corporate-videos/


Patterson Lake South Property

The 31,000 hectare (76,000 acres) PLS project 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. 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

1 Year Alpha Minerals Chart

1 Year Alpha Minerals Chart

1 Month Alpha Minerals Chart

1 Month Alpha Minerals Chart

Your Recent History

Delayed Upgrade Clock