COQUITLAM, BC, July 6 /CNW/ - Alpha Gold Corporation (TSX-V: ALQ) ("Alpha Gold" or the "Company") today announced that the exploration and up to 15,000 metres of diamond drilling on the Lustdust Project will commence shortly, upon receipt of the final permits.
Richard Beck, Project Manager/Site Supervisor, commented, "The camp is presently being set up and geological drilling will begin mobilizing upon receipt of the permit, which is anticipated to be around July 8th."
The Company is following up on the recently announced independent NI 43-101 compliant resource estimate and technical report prepared by Ron Simpson, GeoSim Services Inc., of the Canyon Creek Skarn (CCS) deposit (please refer to News Release dated June 23, 2010, for full resource disclosure). That report indicated strong potential to add resources along strike and down dip of the CCS.
Initial drilling will concentrate on the Cu-Au-Ag Canyon Creek Skarn Extension zone to the immediate north of the CCS deposit and the silver-zinc-copper 4B manto zone to the immediate south of the CCS zone. These historical zones will be brought up to 43-101 standard through re-logging and re-sampling of old core as well as new drill targets accommodating all QA/QC measures. Extensive manto has been mapped on both sides of the creek with minimal drill testing on the northern extension. A program of geological mapping and prospecting is planned over the area southwest of the 4B zone and north-northwest of the CCS extension zone.
In addition, mapping and prospecting will follow up the CCS deposit area, 2004-2005 soil sample anomalies and the historical Total Field Magnetic ground geophysical survey. These historical surveys illustrate great potential for continued mineralization. Ground truthing of these areas is expected to generate additional 2010 drill targets. Further sampling of the CCS zone historical drill core is slated for the early part of the program in efforts to better define and add to the current resource.
The Lustdust Property is located approximately 200 km north-northeast of Fort St. James, BC, in the Omineca Mining Division. Lustdust is royalty-free and wholly-owned by Alpha Gold Corporation.
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company whose 100%-owned, royalty-free, Lustdust Property is advantageously situated with nearby road and rail access in north-central British Columbia. Lustdust consists of 17 contiguous mineral claims covering 8,560 hectares and contains twelve known mineralized areas, of which the copper-gold-silver Canyon Creek Skarn Deposit has a NI 43-101 compliant resource. Alpha Gold Corporation has approximately 45.8 million shares issued and outstanding, 47.5 million fully diluted. Shares are listed on the TSX Venture Exchange under the symbol "ALQ".
- As per Richard Whatley, MEng, PEng, CEO, President and Director, Alpha Gold Corporation
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SOURCE ALQ Gold Corp.
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