Alpha Develops Uranium Targets for Summer Work Programme at Carpenter Lake, Athabasca Basin, Saskatchewan
24 7월 2014 - 10:02PM
ALPHA EXPLORATION INC. ("
Alpha"
or the "Company") (TSX-V:AEX) is pleased to announce that its
summer exploration program has commenced at the Carpenter Lake
Project ("Carpenter Lake", or the "Property") in northern
Saskatchewan, Canada. The property is under an option agreement
from Noka Resources Inc. (TSX-V:NX). Details of the agreement are
on the Company's website. Alpha is the Operator for exploration at
Carpenter Lake.
Carpenter Lake lies approximately 85 km west of the
past-producing Key Lake uranium mine along the Cable Bay shear
zone, straddling the south-central rim of the Athabasca Basin and
comprises a total of 20,637 hectares within five contiguous mineral
dispositions.
A detailed, low-altitude, airborne gamma spectrometer survey has
just been completed over the property by Goldak Airborne Surveys
(the "Goldak Survey"). The Goldak Survey has outlined several areas
within the Property that show radioactive anomalies attributed to
uranium.
A prospecting program has commenced at Carpenter Lake, to follow
up on the results of the Goldak Survey, and previously flown V-TEM
and magnetometer surveys (see Alpha's news release dated February
3, 2014). Detailed radon-in-soil and soil geochemical surveys will
also be done, to enhance targets established from geochemical
surveys conducted during the recently completed 2014 winter program
(see Alpha's News Release dated May 21, 2014).
The radon-in-water and lake sediment uranium anomalies
identified in the winter 2014 surveys are important indicators for
locating potential buried uranium mineralization or uranium boulder
fields in a "down-ice" direction from potential bedrock sources of
uranium. Overall, field work this summer will focus on those areas
with the strongest integration of airborne radiometric anomalies,
geochemical anomalies and the location of cross-cutting features on
regional conductors, as defined by the recent airborne VTEM
survey.
About Alpha Exploration Inc.
Alpha is a mineral exploration company whose principals were
involved in the discovery and development of world-class uranium
deposits in northern Saskatchewan, Canada, namely the Roughrider
and the Patterson Lake South deposits. The Company began in late
2013 as a spin-out from the takeover of Alpha Minerals Inc. by
Fission Uranium Corp. with its main focus on the exploration and
development of its Mikwam Gold Property in Ontario, Canada, and
that focus has shifted to the exploration of Saskatchewan uranium
properties. Discovery Consultants of Vernon, BC have been engaged
by Alpha to manage current programs, bringing depth to the Company
with their broad experience in uranium and gold exploration.
Common Shares of Alpha are listed on the TSX Venture Exchange
under the symbol "AEX". Additional information
about Alpha is available on Alpha's website at www.alpha-aex.com or
under its profile on SEDAR at www.sedar.com.
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 and confirmed on behalf of
Alpha Exploration Inc. by Ben Ainsworth, P.Eng., SK., a Qualified
Person.
On behalf of the Board of Directors of Alpha Exploration
Inc.
"Ben Ainsworth" President, CEO and Director
For corporate communications please contact:
Robert (Bob)
Meister |
Alpha Exploration Inc. |
Trading Symbol: |
TSX-V – AEX |
|
Frankfurt: E2GA |
Neither 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 exploration and
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
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