Alpha Minerals Inc.: 57.5 Meters with High Grade Uranium in Hole PLS 13-038 Located 385 Meters East of Discovery Area
(Thomson Reuters ONE) -
Alpha Minerals Inc. (TSX-V: AMW), (the "Company" or "Alpha"), and its Joint
Venture partner Fission Energy Corp (TSX-V:FIS) are pleased to release
additional results from the Patterson Lake, Saskatchewan, core drill program.
Hole PLS 13-038, located along the same conductor as adjacent to the Discovery
(see News Release Nov 5, 2012), but 385 meters to the East, intersected two high
grade zones within an overall Upper Zone of 57.5 meters of strong mineralization
and also a Lower Zone of 15.5 meters thickness of intermittent uranium
mineralization.
Due to the materiality of the most recent drilling of a target 385 meters east
of the first discovery area, it was considered appropriate to release this
information immediately. Results of delineation drilling west of the first
discovery area and drilling in the area of targets on the lake on lines line
90E and 105E will be released shortly when data compiling is completed.
An ongoing field program is in progress. Core drilling continues to delineate
and define the mineralized region identified during the summer 2012 program.
The drill hole location was selected from anomalous results in a recently
completed radon survey of lake water. The survey results of note were as
follows. RadonEx Exploration Management of Montreal were contracted to conduct
a 191 station Lake Water and Sediment Radon survey over Patterson Lake, on
strike to the east of the November 2012 discovery area. Station spacing was
generally 20m on 60m lines. Of note, 3 broad anomalous area were identified,
with values up to 11.4 pCi/L; A)90m x 70m (L165E - L255E) and B) 240m x 140m
(L300E 0 L540E). Drill hole PLS13-038 was targeted to test anomaly B. The
third anomaly is located approximately 2.2km east of discovery hole PLS13-022
and will be drilled during this program.
The higher grade intervals in the drill hole are shown on the attached strip log
showing the rock types on the left columns and the gamma counts per second in
the solid red area of the strip log. The highest point reading of the high grade
was 76,233 cps. The high grade section within the Upper Zone includes:
20 meters from 87 -107 meters down hole greater than 10,000 cps
Including: 9 meters from 96 -105 meters down hole greater than 45,000 cps
(see Gamma Log attached below)
PLS13-038 intersected a thin cap of probable Devonian Sandstone that overlies
the semi-pelite gneiss hanging wall constraining an intercalated package of
pelite and graphitic pelite gneiss. Occasional pegmatite injections were
observed throughout the pelite, graphitic pelite, and semi-pelite units. Strong
visible mineralization occurs as flecks, blebs, clots, veins, and semi-massive
intervals of pitchblende. Of note, wormhole style mineralization was observed
for the first time. Moderate to strong clay, chlorite, and hematite alteration
were observed throughout the mineralization.
The reader is cautioned that the cps 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 normally variable and
associated with visible pitchblende mineralization. All intersections are down-
hole, core interval measurements and true thickness is yet to be determined.
The Gamma Log attached below was the result of a radiometric surveyed with the
Mount Sopris 2GHF-1000 Triple Gamma probe over the highly radioactive zones.
This tool can return more accurate measurements in high grade mineralized zones
and samples a larger volume of rock than the hand held scintillometer.
Patterson Lake South Property
The 31,039 hectare PLS project is a 50%/50% Joint Venture held by Alpha Minerals
Inc. (AMW) and Fission Energy Corp. (FIS). Fission is the Operator. PLS is
accessible by road via all-weather Highway 955, which runs north to the former
Cluff Lake mine, (>60M lbs of U3O8 produced), and passes through the nearby UEX-
Areva Shea Creek discoveries located 50km to the north, currently under active
exploration and development. Updated maps highlighting the successful fall 2012
drill program at PLS can be found on the Company's website:
www.alphaminerals.ca.
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 the company by Garrett Ainsworth, P.Geo BC,
Vice President of Exploration for Alpha Minerals Inc., a qualified person for
the Company.
On behalf of the Board of Directors of Alpha Minerals Inc.
"Ben Ainsworth"
President, CEO and Director
For corporate communications please contact:
Robert (Bob) Meister
Alpha Minerals Inc..
Vancouver, BC
Phone: (604) 629-0293
Toll Free: 1-866-629-U3O8 (8368)
either 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.
Additional Results:
http://hugin.info/156057/R/1679377/548379.JPG
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Alpha Minerals Inc. via Thomson Reuters ONE
[HUG#1679377]
Unternehmensinformation / Kurzprofil:
Datum: 19.02.2013 - 17:33 Uhr
Sprache: Deutsch
News-ID 230987
Anzahl Zeichen: 8508
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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