Alpha Minerals JV has Strike Length Extension of the R390E Zone to 255m at PLS, Athabasca Basin
27 September 2013 - 8:30PM
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 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:
-- Increased strike length of the R390E zone from 60m at the end of the
winter 2013 drill program to presently 255m and remains open
-- The width of the R390E zone also remains open with line (390E) showing a
width of over 40m
-- PLS13-095 (line 300E) intersected 61.5m total composite mineralization
within a 97.0m section (61.5m to 158.5m), including narrow intervals of
off-scale
-- PLS13-102 (line 300E) intersected 59.0m total composite mineralization
within a 93.0m section (93.0m to 186.0m), including narrow intervals of
off-scale
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.
-- Drillhole PLS13-091 was collared as a vertical hole and drilled to a
depth of 373.0m. The collar is located approximately 105m grid west and
30m grid south of hole PLS13-075. The hole was collared to test a
coincident radon in water and sediment anomaly. Bedrock was encountered
at 53.5m depth. A locally pegmatite rich quartzitic gneiss was
encountered from 53.5m to 234.3m. From 234.3m to the end of hole depth
of 373.0m the lithology transitions to a dominantly pelitic gneiss with
local mylonites. Two narrow intervals of weakly anomalous radioactivity
were intersected between 258.0m to 272.5m (1.5m and 4.0m wide
respectively) occurring within the pelitic gneiss. It is interpreted
that this hole intersected the quartzitic gneiss hanging wall and
pelitic gneiss contact too deep to hit the stronger mineralization
generally seen associated with the PL-3B corridor.
-- Drillhole PLS13-093 was collared as a vertical hole and drilled to a
depth of 278.0m. Similar to hole -091, this drill hole was designed to
test a coincident radon in water and sediment anomaly, but testing
further up-dip to the north within the prospective pelitic corridor.
Pelitic gneiss was encountered at the top of the basement at 50.4m,
continuing to 171.1m, then transitioning to a semipelitic gneiss to the
end of hole depth of 278.0m. Four narrow zones of anomalous moderate
radioactive mineralization were intersected in widths ranging from 0.50m
to 5.0m, from 117.0m to 148.5m.
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.
-- Drillhole PLS13-095 is located approximately 30m grid west from hole
PLS13-075 (see news release July 29, 2013). Devonian sandstone was
encountered from 47.6m to 51.7m, which was underlain with a basement
sequence comprising an intercalated mixture of mylonite, semipelitic
gneiss, pelitic gneiss, and quartzitic gneiss to 68.1m. From 68.1m to
137.6m the lithology is dominantly a pelitic gneiss with alternating
sequences of mylonites and cataclasites. From 137.6m to the end of drill
hole depth of 275.0m the lithology is a semipelitic gneiss. Anomalous
radioactivity begins at 61.5m coincident with the first appearance of
pelitic gneiss. A total composite of 61.5m of mineralization within a
97.0m section (61.5m to 158.5m) occurs in several variably radioactive
mineralized intervals ranging in width from 1.5m to 33.0m. Two narrow
intervals of off-scale radioactivity were intersected (0.49m and 0.19m
respectively).
-- Drillhole PLS13-102 was collared 10m south of hole -095. Devonian
sandstone was encountered from 58.3m to 58.8m, which is underlain by
quartzitic gneiss to 63.1m. From 63.1m to 218.7m the lithology is
dominantly a pelitic gneiss with alternating sequences of mylonites and
cataclasites. From 218.7m to the end of drill hole depth of 275.0m the
lithology is a semipelitic gneiss. A broad zone of anomalous radioactive
mineralization comprised of several intervals ranging in width of from
0.5m to 29.0m for a total composite interval of 65.0m was intersected
over a 93.0m wide section (93.0m to 186.0m). The intervals are separated
by barren sections in intervals from 2.0m to 6.0m wide. Two narrow
intervals of off-scale radioactivity were intersected (0.24m and 0.1m
wide respectively).
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:
-- Drillhole PLS13-087A was collared as a vertical hole and drilled to a
depth of 227.0m. The collar is located approximately 15m grid west of
PLS13-075. Basement was intersected at 50.9m, immediately below a narrow
0.9m wide veneer of Devonian sandstone. Lithology consists of a pelitic
gneiss from 50.9m to 87.5m, and a semipelitic gneiss from 87.5m to the
end of hole depth of 227.0m. Mineralization starts at the top of the
basement and extends 0.4m up into the overlying Devonian sandstone unit.
A total composite of 44.5m of mineralization within a 68.5m section
(50.5m to 119.0m) occurs in several variably radioactive mineralized
intervals ranging in width from 1.0m to 17.0m, separated by barren
intervals ranging from 2.5m to 9.5m wide. A narrow occurrence of off-
scale radioactivity (0.25m wide) was intersected at 74.08m depth.
Line 450E: Two vertically collared holes were drilled on line 450E.
-- Drillhole PLS13-094 is located approximately 15m grid east from hole
PLS13-073 (see news release Sept 25, 2013) and drilled to a depth of
272.3m. Devonian sandstone was encountered from 50.7m to 53.4m. Basement
was intersected at 53.4m, with a quartzitic gneiss from 53.4m to 103.6m.
From 103.6m to the end of hole depth of 272.3m the basement is comprised
dominantly of a pelitic gneiss, with localized mylonites and pegmatite-
rich sections. A total composite of 24.0m of mineralization within a
55.5m section (105.5m to 161.0m) occurs in several variably radioactive
mineralized intervals ranging in width from 0.5m to 12.0m. A narrow
(0.15m wide) interval of off-scale radioactivity was encountered at
131.35m.
-- Drillhole PLS13-100 was collared 10m grid north of hole PLS13-094.
Devonian sandstone was encountered from 53.0m to 53.3m. Pelitic gneiss
was intersected from 53.3m to 59.2m, which is underlain by semipelitic
gneiss to 74.0m. From 74.0m to 219.0m the basement is comprised
dominantly of alternating pelitic gneiss and mylonite with localized
cataclasites. Semipelitic gneiss was encountered from 219.0m to the end
of hole depth of 263.0m. A broad zone of anomalous radioactive
mineralization comprised of several mineralized intervals ranging in
width of from 2.0m to 20.0m for a total composite of 57.5m of
mineralization intersected over a 104.0m wide section (53.0m to 157.0m).
The mineralized intervals are separated by barren sections that range
from 3.0m to 26.0m wide. Two narrow intervals of off-scale radioactivity
were intersected (0.2m and 0.34m wide respectively).
Line 480E:
-- Drillhole PLS13-088 was collared as a vertical hole and completed to a
depth of 296.0m. The collar is located approximately 30m grid east of
PLS13-094. Devonian sandstone was intersected from 53.0m to 54.3m.
Basement rocks consist of pelitic gneiss from 53.4m to 210.0m with
several undifferentiated mylonite sequences throughout. The rock
transitions into a semipelitic gneiss from 210.0m to the end of hole
depth of 296.0m. A broad 160.0m section (54.0m to 214.0m) hosts
alternating mineralized and barren intervals with mineralized zones
ranging from 0.5m to 23.5m separated by barren intervals ranging from
2.5m to 40.0m wide. A narrow interval (0.12m) of off-scale radioactivity
was intersected at 148.77m.
R390E zone
----------------------------------------------------------------------------
(i) Hand-held Scintillometer
Results On Mineralized Base-
Drillcore (greater than 300 ment Total
cps / greater than 0.5M Devonian Uncon- Drill-
Collar minimum) Sandstone formity hole
-------------------------------------------
CPS
Hole Grid From To Width Peak From - Depth Depth
ID Line Az Dip (m) (m) (m) Range To (m) (m) (m)
----------------------------------------------------------------------------
PLS13- less than 50.0 -
087A 315E 151 -85 50.5 55.5 5.0 300 - 7100 50.9 50.9 227.0
58.0 62.0 4.0 305 - 630
less than
300 -
greater
68.5 83.0 14.5 than 9999
less than
85.5 88.5 3.0 300 - 490
less than
98.0 115.0 17.0 300 - 2100
118.0 119.0 1.0 350 - 1200
----------------------------------------------------------------------------
PLS13- 53.0 -
088 480E 82 -84 54.0 54.5 0.5 800 54.3 54.3 296.0
less than
62.0 77.0 15.0 300 - 1500
less than
80.0 103.5 23.5 300 - 9800
135.0 143.0 8.0 400 - 8100
440 -
greater
148.5 149.5 1.0 than 9999
152.0 155.0 3.0 330 - 3800
158.5 159.0 0.5 390
162.5 168.0 5.5 360 - 3600
less than
208.0 214.0 6.0 300 - 3000
----------------------------------------------------------------------------
PLS13- No
091 225E 102 -89 258.0 259.5 1.5 380 - 620 Sandstone 53.5 373.0
less than
268.5 272.5 4.0 300 - 1000
----------------------------------------------------------------------------
PLS13- No
093 225E 232 -86 117.0 118.0 1.0 360 - 420 Sandstone 50.4 278.0
124.0 125.0 1.0 420 - 1100
less than
134.5 139.5 5.0 300 - 3300
148.0 148.5 0.5 340
----------------------------------------------------------------------------
PLS13- less than 50.7 -
094 450E 216 -88 105.5 115.5 10.0 300 - 2800 53.4 53.4 272.3
less than
300 -
greater
130.0 142.0 12.0 than 9999
151.5 152.5 1.0 300 - 320
156.5 157.0 0.5 310
160.5 161.0 0.5 350
less than
193.0 194.5 1.5 300 - 450
----------------------------------------------------------------------------
PLS13- 47.6 -
095 300E 37 -87 61.5 63.0 1.5 320 - 1000 51.7 51.7 275.0
less than
300 -
greater
68.0 79.5 11.5 than 9999
less than
300 -
greater
93.5 100.5 7.0 than 9999
less than
104.5 111.5 7.0 300 - 2000
less than
116.0 149.0 33.0 300 - 5800
less than
155.0 158.5 3.5 300 - 660
----------------------------------------------------------------------------
790 -
PLS13- greater 53.0 -
100 450E 351 -86 53.0 59.0 6.0 than 9999 53.3 53.3 263.0
less than
85.0 94.5 9.5 300 - 4200
less than
99.5 119.5 20.0 300 - 8000
less than
122.5 131.0 8.5 300 - 1200
less than
300 -
greater
134.0 142.5 8.5 than 9999
less than
146.5 149.5 3.0 300 - 420
155.0 157.0 2.0 880 - 3000
----------------------------------------------------------------------------
PLS13- less than 58.3 -
102 300E 2 -89 93.0 98.0 5.0 300 - 710 58.8 58.8 275.0
less than
103.0 132.0 29.0 300 - 6000
less than
300 -
greater
137.5 148.0 10.5 than 9999
less than
154.0 163.5 9.5 300 - 5300
167.0 167.5 0.5 1000
171.5 175.5 4.0 850 - 8000
less than
300 -
greater
179.5 186.0 6.5 than 9999
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G
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/corporate-videos/
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 (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:
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)
info@alphaminerals.ca
www.alphaminerals.ca
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