Alpha Minerals JV Confirms Significant Mineralization with Strong "Off-Scale" Radioactivity at R945E Zone at PLS Project
16 9월 2013 - 7:30PM
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 from two additional holes drilled (PLS13-092 and 096) on the
R945E zone at its Patterson Lake South ("PLS") property in Canada's Athabasca
Basin. PLS13-096 returned 103.5m total composite mineralization (within depths
of 94.0 to 317.5m), including 9.92m total composite off-scale (greater than 9999
cps) recorded within several intervals including a discrete 3.19m of continuous
off-scale. These are the widest continuous and strongest results encountered to
date at the R945E zone. The Joint Venture has now hit significant off-scale
mineralization at all four zones at PLS (R00E, R390E, R780E, and R945E).
Drilling Highlights include:
-- PLS13-096: Multiple intervals of variable-strength mineralization that
yield a total composite of 103.5m mineralization within a 223.5m section
(94.0 to 317.5m), where barren intervals range from widths of 2.0 to
19.0m. Mineralized widths range from 0.5 to 42.5m and are highlighted
by:
-- 42.5m of continuous, variable-strength mineralization (135.5m to
178.0m), including:
-- 3.21m of total composite off-scale (greater than 9999 cps)
radioactivity in several intervals
-- 14.5m of continuous, variable-strength mineralization (249.0m -
263.5m) including:
-- 4.39m of total composite off-scale (greater than 9999 cps)
radioactivity in several discrete intervals including a discrete
3.19m of continuous off-scale starting at 253.0m
R945E Zone:
The R945E zone discovery was the result of drill testing a radon in water
anomaly identified during the partial infill coverage survey of the Radon in
Water and Radon in Sediment Survey Program completed in April 2013 by RadonEx.
The radon anomaly is the strongest radon in water anomaly to date at Patterson
Lake South (see News Release May 6, 2013). This anomaly lies along an ENE trend,
parallel to the southern-most EM conductor, PL-3BM.
Hole PLS13-092 (line 945E) was collared as a vertical hole and completed to a
depth of 377.0m. Moderate to locally strongly anomalous and intermittent
radioactivity was encountered between the depths of 157.5 to 318.0m in intervals
ranging from 0.5m up to 16.0m wide. The best grade radioactivity is present in a
16.0m interval from 163.0 to 179.0m which is moderate to locally strongly
radioactive throughout including several narrow intervals from 0.2 to 0.5m wide
of off-scale (greater than 9999 cps) totaling a composite of 0.9m. Basement
bedrock was encountered at 59.0m below the surface. The basement lithology is
comprised of alternating sequences of predominantly pelitic and psammitic
gneiss. A diabase unit was intersected from 362.8 to 377.0m the end of hole
depth.
Hole PLS13-096 (line 930E) was collared as a vertical hole and completed to a
depth of 365.0m. The hole is located approximately 15m grid west of hole
PLS13-084 (18.0m of radioactive mineralization with 2.7m total composite
off-scale (see news release August 15, 2013). A total of 17 discrete intervals
of moderate to strongly radioactive mineralization within a 223.5m section
(94.0m to 317.5m) in widths ranging from 0.5m to 42.5m. Four of these intervals
contain discrete intervals of off-scale (greater than 9999 cps) radioactivity
from 0.1 to 3.19m wide, for a total measured composite of 9.92m of off-scale
radioactivity. Basement bedrock was encountered at 56.5m below the surface. The
upper part of the lithologic sequence (56.5m to 84.1m) is comprised of a
quartzitic gneiss. From 84.1 to 276.7m pelitic gneiss dominates with local
narrow intervals (0.9m to 9.4m wide) of undifferentiated mylonites,
transitioning to a semi-pelitic gneiss from 276.7m to 365.0m to the end of hole
depth. Moderate chlorite alteration is present throughout the hole from 56.5m to
136.0m, with hematitic clay dominating from 136.0m to 175.4m. Sulphide bearing
intervals occur from 175.4m to 241.6m.
Table 1
R945E
----------------------------------------------------------------------------
(i) Hand-held Scintillometer Results On
Mineralized Drillcore (greater than 300 cps /
(ii) Hole Location greater than 0.5M minimum)
-----------------------------------------------------------------
Hole ID Grid From To Width
Line Az Dip (m) (m) (m) CPS Peak Range
----------------------------------------------------------------------------
PLS13-092 945E 145 -88 157.5 160.5 3.0 less than 300 - 1400
less than 300 -
163.0 179.0 16.0 greater than 9999
192.5 203.5 11.0 less than 300 - 1800
224.5 225.0 0.5 700
238.0 240.5 2.5 460 - 2500
257.5 260.0 2.5 less than 300 - 560
263.5 264.0 0.5 1000
290.0 291.5 1.5 400 - 640
316.0 318.0 2.0 less than 300 - 470
----------------------------------------------------------------------------
PLS13-096 930E 269 -89 94.0 94.5 0.5 340
97.5 105.5 8.0 less than 300 - 3800
111.5 114.0 2.5 less than 300 - 510
130.0 130.5 0.5 310
133.0 133.5 0.5 300
less than 300 -
135.5 178.0 42.5 greater than 9999
182.0 183.0 1.0 2200 - 2400
310 - greater than
185.5 197.0 11.5 9999
204.0 209.0 5.0 less than 300 - 7600
219.0 220.0 1.0 470 - 1300
223.5 225.0 1.5 450 - 1900
less than 300 -
235.5 246.0 10.5 greater than 9999
less than 300 -
249.0 263.5 14.5 greater than 9999
280.0 280.5 0.5 430
286.0 287.0 1.0 390 - 490
296.0 297.5 1.5 320 - 650
316.5 317.5 1.0 300 - 360
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G
(ii) Azi / Dip at 50m Depth
R945E
--------------------------------------------------------
Devonian Basement Total
Sandstone Unconformity Drillhole
Hole ID From - To (m) Depth (m) Depth (m)
--------------------------------------------------------
PLS13-092 No Sandstone 59.0 377.0
--------------------------------------------------------
PLS13-096 No Sandstone 56.5 365.0
--------------------------------------------------------
(i) Scintillometer Instrument: GR-110G
(ii) Azi / Dip at 50m Depth
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.
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. Alpha may return
as the Operator of the Joint Venture in 2014. For the present work, the
exploration is being operated under the direction of the Joint Venture
Management Committee and further work is still planned 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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