COQUITLAM, BC, May 27 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) today
reported on its exploration plans to follow once the spring thaw passes and
the land has dried sufficiently on its 100%-owned Lustdust property, located
in central British Columbia.
Analysis of the 400-line kilometres of heli-borne magnetics surveyed over
the eastern half the Lustdust property including the Kwanika South and North
areas as well as the Glover Stock, which was undertaken in March 2008, has
defined several new anomalies. These anomalies will be investigated further
during the summer program.
Drilling the new anomalies off the northern and western edges of the
Glover Stock has the potential to discover additional mineralization similar
to the Canyon Creek Skarn and Skarn Extension Zones. Anomalies in the Kwanika
South and North areas will be used in conjunction with Induced Polarization
data gathered in 2007 to define porphyry copper-gold drill targets adjacent to
the Kwanika property belonging to Serengeti Resources Inc.
The design of 2008 field program will be finalized when the geophysical
data has been completely integrated with the drilling database and will
commence when ground conditions permit.
The expected NI 43-101 Technical Report and Resource Estimate of the
Canyon Creek Skarn has not yet been received. The Canyon Creek Skarn and Skarn
Extension are characterized by gold-copper-silver mineralization hosted in
limestone and phyllites of the Cache Creek Terrane proximal to the Pinchi
Fault. Alpha Gold has provided a complete geological database to GeoSim
Services Inc. of Vancouver for computer modeling using Surpac software. Tight
work schedules have hindered progress on the report which is now expected to
be delivered to Alpha Gold in complete form in July.
"Delays with the 43-101 report are frustrating, but are hardly uncommon
in our industry. Unfortunately, in these cases we are at the mercy of the
experts who have the experience to operate the specialty software," explained
George Whatley, President.
Daryl J. Hanson, P.Eng., is the Company's "Qualified Person" under
National Instrument 43-101 and is responsible for the technical aspects of
this release.
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company whose 100%-owned Lustdust
Property is advantageously situated with nearby road and rail access in
central British Columbia. Lustdust consists of 17 contiguous mineral claims
covering 8,560 hectares and contains ten(10) known mineralized zones,
including: the gold-copper-silver Canyon Creek Skarn(1) and Skarn
Extension(2); Porphyry Molybdenum(3) zone; the Number 3(4), 4B(5), East(6) and
GD(7) zones of base and precious metal rich sulphide manto; the Bralorne Takla
Mercury Mine(8); the exploratory tunnels of the Takla Silver Mine(9)
(BCMINFILE 093N009), a developed prospect that contains high grade gold-silver
veins; and Carlin-style mineralization in the Valley(10) zone. Alpha Gold
Corporation has approximately 36.8 million shares issued and outstanding, and
approximately $4 million in cash on hand. Shares are listed on the TSX Venture
Exchange under the symbol "ALQ".Should you wish to receive Company news via email, please contact
sasha@chfir.com and specify "Alpha Gold News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content
of this news release.Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
For further information: George Whatley, President, Alpha Gold Corp., T:
(604) 939-7943, E: alpha-gold@shaw.ca, www.alphagold.bc.ca; Cathy Hume, CEO,
CHF Investor Relations, T: (416) 868-1079 x231, E: cathy@chfir.com; Sasha
Abrams, Associate, Account Manager, CHF Investor Relations, T: (416) 868-1079
x246, E: sasha@chfir.com