VANCOUVER, April 16 /CNW/ - Alpha Gold Corporation (TSX Venture: ALQ)
today reported that the Company has plans to investigate an area which
intercepted molybdenum in four widely spaced drill holes in 2001 just west of
the Canyon Creek Skarn (CCS) on its 100%-owned Lustdust Property, central B.C.
President George Whatley explained the new initiative, "When we found the
molybdenum in the westernmost holes in 2000, we had been testing the western
extent of our high grade gold-copper skarn. Since moly was yielding less than
US$3.00 a pound in 2000, we did not place any importance on our moly
discovery. Today, with molybdenum at over US$30.00, our viewpoint has
The molybdenum mineralization was encountered in two areas : (i) west of
the CCS hosted in quartz monzonite; and also (ii) intruding into the CCS.
Assayed intersections included a highlight of 8.83 m (29.0 ft) of 0.26% Mo,
including 1.12 m (3.7 ft) of 0.84% Mo. The 2001 exploration programi was
supervised by Dr. Peter Megaw of Imdex Inc., a Qualified Person. All the holes
were drilled to a vertical depth of approximately 400 feet, mineralized over
long intercepts and the overall grades varied from 0.02% to 0.8% Mo. Alpha
Gold has also found molybdenum in many of the skarn assays.
The Company has contracted personnel and secured drilling equipment for
the upcoming exploration program on the Valley Zone and surrounding territory
(see press released dated February 8, 2007). Unprecedented precipitation from
snowfalls this year delayed an earlier entry onto the Lustdust Property.
The anchor assets of Alpha Gold's Lustdust Property are the Canyon Creek
Skarn and Skarn Extension zones, where the majority of their 300 diamond drill
holes have been completed to date. This large, high grade, gold-copper-silver
system has been outlined but remains open along strike to the north and
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company advantageously situated with
nearby road and rail access in central British Columbia. Its 100%-owned
Lustdust Property 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);
and the southern part of the property includes the exploratory tunnels of the
Takla Silver Mine(9) (BCMINFILE 093N009), a developed prospect that contains
high grade gold-silver veins; Carlin-style mineralization in the Valley
Zone(10). Alpha Gold Corporation has approximately 29 million shares issued
and outstanding listed on the TSX Venture Exchange under the symbol "ALQ".
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For further information:
For further information: George Whatley, President, Alpha Gold Corp.,
(604) 939-4083, E: firstname.lastname@example.org, www.alphagold.bc.ca; Cathy Hume, CEO,
CHF Investor Relations, T: (416) 868-1079 x231, E: email@example.com