Alpha Minerals JV has Strike Length Extension of the R390E Zone to 255m at PLS, Athabasca Basin
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/27/13 -- 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 an additional eight holes drilled on the R390E zone. With a new strike length of approximately 255m, the R390E zone has more than quadrupled in length since the winter 2013 program. Holes PLS13-095 and PLS13-102 are of particular note with 61.5m (within 61.5m to 158.5m depth interval) and 59.0m (within 93.0m to 186m depth interval) total composite mineralization respectively, including narrow intervals of "off-scale" radioactivity.
Holes PLS13-087A, PLS13-088, PLS13-091, PLS13-093, PLS13-094, PLS13-095, PLS13-100 and PLS13-102 tested lines 225E, 300E, 450E and 480E of the R390E zone. All holes intersected zones of mineralization with varying degrees of radioactivity.
Drilling Highlights include:
Drill hole PLS13-091 intersected mineralization approximately 20m south of the PL-3B ground EM conductor axis. This is the first mineralized intersection south of the ground conductor axis, and increases the possibility of extending the zone laterally to the south along the entire length of the corridor as it becomes further delineated.
R390E Zone:
These new drill holes represent shallow, very broad intervals of radioactivity and, importantly, extend the R390E zone an additional 90m west and 45m east from previous delineation. The relevant geological features of the holes are as follows:
Line 225E: Two vertically collared holes were drilled on and close to line 225E.
Drill hole PLS13-091 is located close to line 225E and was drilled further south on the prospective corridor than previously tested in the R390E zone. This drill hole intersected anomalous radioactive mineralization about 20m south of the PL-3B ground EM conductor.
Line 300E: Two vertically collared holes were drilled on line 300E.
A vertical offset of 7.1m from the top of basement rocks appears to exist between PLS13-095 and -102, which are located 10m apart. This is the first time at PLS that a vertical offset of this magnitude has been observed in basement rocks across such a short horizontal distance, and, if this offset is a true measurement, it may represent an important structural feature related to uranium mineralization.
Line 315E:
Line 450E: Two vertically collared holes were drilled on line 450E.
Line 480E:
R390E zone
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:
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 () 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.
Contacts:
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)
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Datum: 27.09.2013 - 10:30 Uhr
Sprache: Deutsch
News-ID 300838
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