Alpha Minerals Inc.: 57.5 Meters with High Grade Uranium in Hole PLS 13-038 Located 385 Meters East of Discovery Area
19 Febbraio 2013 - 5:33PM
Alpha Minerals
Inc. (TSX-V: AMW), (the "Company" or "Alpha"), and its Joint
Venture partner Fission Energy Corp (TSX-V:FIS) are pleased to
release additional results from the Patterson Lake, Saskatchewan,
core drill program. Hole PLS 13-038, located along the same
conductor as adjacent to the Discovery (see News Release Nov 5,
2012), but 385 meters to the East, intersected two high grade zones
within an overall Upper Zone of 57.5 meters of strong
mineralization and also a Lower Zone of 15.5 meters thickness of
intermittent uranium mineralization.
Due to the materiality of the most
recent drilling of a target 385 meters east of the first discovery
area, it was considered appropriate to release this information
immediately. Results of delineation drilling west of the first
discovery area and drilling in the area of targets on the lake on
lines line 90E and 105E will be released shortly when data
compiling is completed.
An ongoing field program is in
progress. Core drilling continues to delineate and define the
mineralized region identified during the summer 2012 program.
The drill hole location was
selected from anomalous results in a recently completed radon
survey of lake water. The survey results of note were as follows.
RadonEx Exploration Management of Montreal were contracted to
conduct a 191 station Lake Water and Sediment Radon survey over
Patterson Lake, on strike to the east of the November 2012
discovery area. Station spacing was generally 20m on 60m lines.
Of note, 3 broad anomalous area were identified, with values
up to 11.4 pCi/L; A)90m x 70m (L165E - L255E) and B) 240m x 140m
(L300E 0 L540E). Drill hole PLS13-038 was targeted to test
anomaly B. The third anomaly is located approximately 2.2km
east of discovery hole PLS13-022 and will be drilled during this
program.
The higher grade intervals in the
drill hole are shown on the attached strip log showing the rock
types on the left columns and the gamma counts per second in the
solid red area of the strip log. The highest point reading of the
high grade was 76,233 cps. The high grade section within the Upper
Zone includes:
|
20 meters from 87 -107 meters down hole greater than
10,000 cps |
Including: |
9 meters from 96 -105 meters down hole greater than
45,000 cps |
(see Gamma Log attached
below) |
PLS13-038
intersected a thin cap of probable Devonian Sandstone that overlies
the semi-pelite gneiss hanging wall constraining an intercalated
package of pelite and graphitic pelite gneiss. Occasional
pegmatite injections were observed throughout the pelite, graphitic
pelite, and semi-pelite units. Strong visible mineralization
occurs as flecks, blebs, clots, veins, and semi-massive intervals
of pitchblende. Of note, wormhole style mineralization was
observed for the first time. Moderate to strong clay,
chlorite, and hematite alteration were observed throughout the
mineralization.
The reader is
cautioned that the cps 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 normally variable and associated with
visible pitchblende mineralization. All intersections are
down-hole, core interval measurements and true thickness is yet to
be determined.
The Gamma Log attached below was
the result of a radiometric surveyed with the Mount Sopris
2GHF-1000 Triple Gamma probe over the highly radioactive zones.
This tool can return more accurate measurements in high grade
mineralized zones and samples a larger volume of rock than the hand
held scintillometer.
Patterson Lake South
Property
The 31,039 hectare PLS project is
a 50%/50% Joint Venture held by Alpha Minerals Inc. (AMW) and
Fission Energy Corp. (FIS). Fission is the Operator. PLS is
accessible by road via all-weather Highway 955, which runs north to
the former Cluff Lake mine, (>60M lbs of U3O8 produced), and
passes through the nearby UEX-Areva Shea Creek discoveries located
50km to the north, currently under active exploration and
development. Updated maps highlighting the successful fall 2012
drill program at PLS can be found on the Company's website:
www.alphaminerals.ca.
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 the company by Garrett Ainsworth, P.Geo BC,
Vice President of Exploration for Alpha Minerals Inc., a qualified
person for the Company.
On behalf of the Board of
Directors of Alpha Minerals Inc.
"Ben Ainsworth"
President, CEO and Director
For corporate communications
please contact:
|
Robert (Bob) Meister |
|
Alpha Minerals Inc.. |
|
Vancouver, BC |
|
Phone: (604) 629-0293 |
|
Toll Free: 1-866-629-U3O8
(8368) |
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Source: Alpha Minerals Inc. via Thomson Reuters ONE
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