Alpha - Noka Commence Airborne VTEM Survey at Carpenter Lake Property, Athabasca Basin, Saskatchewan
03 February 2014 - 11:35PM
ALPHA EXPLORATION INC. ("
Alpha"
or the "
Company") (TSX-V:AEX) is pleased to
announce that an airborne VTEM and magnetic survey has begun at
Carpenter Lake, Athabasca Basin, Saskatchewan as part of Alpha's
60% option in on the Carpenter Lake property from Noka Resources
Inc. (TSX-V:NX). The VTEM and magnetic survey will cover an
approximate 19 km strike length of the Cable Bay Shear Zone (CBSZ),
and comprises 1,892 line-kms on lines spaced 100 m apart within the
20,637 hectare property.
Upon further review of historical assessment records, additional
electromagnetic (EM) conductors were found perpendicular and cross
cutting the 225 degree trending CBSZ. It was determined that E-W
flight lines would be ideal in locating both conductive
trends. Offsets and sudden bends in EM conductors along with
abnormally weak or strong conductivity will be prioritized for
further follow up.
The Carpenter property was reviewed by the Alpha technical team,
and was found prospective based on the following attributes:
- A major regional shear zone with known uranium enrichment – the
Cable Bay Shear Zone (CBSZ);
- Presence of conductive graphitic pelites as defined by airborne
and ground electromagnetic (EM) surveys, which are confirmed by
diamond drilling;
- The historical EM surveys show favourable cross cutting
structures disrupting the conductors of the CBSZ;
- Anomalous airborne radiometric signatures for uranium are
associated with the CBSZ conductor system, and strongly anomalous
uranium values in historical lake sediment results;
- Underexplored area, including several high priority geophysical
targets associated with geochemical indicators for uranium
mineralization on the Property.
The airborne VTEM and magnetic surveys are anticipated to be
completed in 10 to 14 days. Further work in winter 2014 will
include sampling for radon in lake water and sediments by RadonEx
of St Lazare, Quebec. Additional work for the spring and
summer 2014 is being planned to include airborne radiometrics,
ground prospecting and geochemical sampling.
About Alpha Exploration Inc.
Alpha Exploration Inc. is a mineral exploration company whose
principal focus is the exploration and development of its Mikwam
Gold property in Ontario, and uranium properties in the Athabasca
Basin in northern Saskatchewan, Canada. Common Shares 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 on behalf of Alpha
Exploration Inc. by Garrett Ainsworth, P.Geo., Vice President
Exploration, 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. |
|
info@alpha-aex.xom |
|
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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