COQUITLAM, BC, Feb. 25 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) today
announced that diamond drill hole LM07-01 intersected core that represents a
new band of skarn related to the Canyon Creek Skarn Extension Zone at the
Company's 100%-owned Lustdust property, in central British Columbia. 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.
The hole was drilled 200 metres west of the Canyon Creek Skarn Extension
at the eastern contact with the Glover Stock. Mineralized skarn was
intersected from 278.0 m to 291.5 metres downhole, where the entire
13.5 metres averaged 0.739 g/t Au, 13.9 g/t Ag, and 0.65% Cu including
3.0 metres that averaged 1.508 g/t Au, 26.2 g/t Ag, and 1.13% Cu.
"Hitting skarn in this hole opens up the entire north end of the Lustdust
property for further exploration," explained George Whatley, President.
Drilling more holes to the north and south of hole DDH LM07-01 are
recommended to determine the potential continuity, extent and nature of the
skarn mineralization there.
Drilling this winter in the South Kwanika Valley anomaly encountered long
intercepts of anomalous gold-arsenic mineralization and provided important
geological information on this area that has never been drilled before.
Valuable insight has been gained that will guide the next phases of drilling
on this anomaly. As per the Company's December 10, 2007, release "Hole
LKS07-03 was collared to test the down-dip extent and tenor of the trench
mineralization. It returned a 21.0 metre interval, from 17.0 to 38.0
down-hole, of anomalous gold, arsenic and antimony (the true width of this
horizon is unknown at the present time)."
By early March, Alpha will be conducting 400-line kilometres of
heli-borne magnetics that will cover the Kwanika South and North areas and the
north end of the Glover Stock. This survey, undertaken in conjunction with
Serengeti Resources Inc., will help define intrusive plugs that are related to
both skarn and porphyry-style mineralization. Alpha and Serengeti will share
the results of this survey and previous IP surveys to better define porphyry
copper-gold drill targets in the Kwanika Valley.
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. Sample analysis was conducted at the ALS Chemex Laboratory in
Vancouver, B.C. Quality control consisted of inserting standards and blanks
into the sample stream.
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 $3.8 million in cash on hand. Shares are listed on the TSX
Venture Exchange under the symbol "ALQ".
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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:
For further information: George Whatley, President, Alpha Gold Corp., T:
(604) 939-7943, E: firstname.lastname@example.org, www.alphagold.bc.ca -or- Cathy Hume,
CEO, CHF Investor Relations, T: (416) 868-1079, x231, E: email@example.com,