COQUITLAM, BC, Nov. 6 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) today
announced that the Company will conduct a NI 43-101 compliant resource
calculation of four of the ten known mineralized zones at its 100%-owned
Lustdust property located in north-central B.C. The property consists of
seventeen "cell" claims covering 8,560 hectares and is accessed by
200 kilometres of all-weather road from Fort St. James.
This advanced exploration project consists of four principal zones hosted
in limestone and phyllites of the Cache Creek Terrane proximal to the Pinchi
1) The mineralized bands within the Canyon Creek Skarn zone range from
1 to 20 metres in thickness (drill indicated) and have a defined
extension of 1,000 metres along strike and 600 metres down-dip.
Fifty-eight drill-hole intersections from the skarn average
6.1 metres in length, 1.8% copper, 47 g/t silver and 3.4 g/t gold.
2) The Number 3 carbonate replacement oxide zone is defined along strike
for 300 metres and down-dip for 100 metres from surface. Eleven
drill-hole intersections average 10.7 metres in length, 3.18% zinc,
19 g/t silver and 3.44 g/t gold.
3) The Number 4B carbonate replacement zone has a defined strike length
of 280 metres and extends down-dip 50 metres from surface. Ten drill-
hole intersections from this zone averaged 5.0 metres in length, 8.5%
zinc and 0.74 g/t gold.
4) The past-producing Takla-Silver sulfosalt vein is defined over
500 metres of strike length and 100 metres of down-dip extent.
Fourteen drill-hole intersections average 2.9 metres in length with
weighted average grades of 3.71 g/t gold and 492 g/t silver.
The NI 43-101 Technical Report will summarize the mineral resource at
varying cut-off grades for each of the four zones listed above. The
calculation will be based on the current database containing 276 diamond
drill-holes totaling 55,698 metres which comprises all the drilling up to the
end of October 2007. The Company's Consulting Geologist, Mr. Daryl J. Hanson,
P.Eng., is the Company's "Qualified Person" under NI 43-101 and will be
preparing the Technical Report. Mr. Hanson's knowledge about the geology of
the Lustdust property has been gained over a period of four years managing the
Company's exploration programs. It is anticipated that the Report will be
completed early in 2008.
The Company plans, pending the results of the mineral resource
calculation, to further explore the Canyon Creek Skarn by constructing a
decline and implementing a program of underground diamond drilling. The goal
of the underground program will be to provide sufficient data to upgrade the
mineral resource to a drill indicated category to support a preliminary
Meanwhile, a large systematic exploration program of Induced Polarization
geophysics, soil geochemistry, geological mapping and diamond drilling is
continuing to search for additional mineralization on the claim block on both
sides of the Pinchi Fault. Core samples from 7,010 metres of diamond drilling
on the Kwanika Valley anomalies, the Valley Zone, and the Molybdenum Zone have
been submitted for geochemical analysis.
About Alpha Gold Corporation
Alpha Gold Corporation has approximately 36.8 million shares issued and
outstanding as of August 31, 2007, and is 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: please visit www.alphagold.bc.ca or contact:
George Whatley, President, Alpha Gold Corp., T: (604) 939-7943, E:
firstname.lastname@example.org; Cathy Hume, CEO, CHF Investor Relations, T: (416) 868-1079
x231, E: email@example.com