TSX VENTURE SYMBOL: AMW
VANCOUVER, Jan. 2, 2013 /CNW/ - Alpha Minerals Inc ("Alpha" or "the Company"), and its 50% Joint Venture (JV) partner,
Fission Energy Corp. (Fission), are pleased to announce the assay
results from its September 2012 boulder prospecting program. Assays of
37 glacially transported rocks, ranging in size from 1cm to 30cm, were
reported, while 3 samples had insufficient material mass to conduct an
Highlights of the results are as follows:
54% of the high grade boulders returned grades over 10% U3O8, with the highest grade sample assaying at 40.0 % U3O8
78% of the samples returned grades > 1% U3O8
Grade % U308
0.1 - 0.99
1.0 - 9.99
# of Samples
A complete summary of the uranium assays, boulder sizes and sample
depths and a location map can be found on the Company's website: www.alphaminerals.ca
The 2012 discoveries expand the high-grade uranium boulder field
delineated by prospecting and trenching in 2011. The 2012 work also
identified a new area, extending the original area by up to 800m to the
west and 2.5km to the southwest. Several of the known uranium deposits
and mines in the Athabasca Basin have been located by searching "up
ice" (the direction from which the last glacial ice carved across the
bedrock surface) to locate the source. The deposits and/or mines of
Cluff Lake, Key Lake and Midwest Lake are amongst those discoveries.
According to current research, the PLS boulder field appears to be the
largest area of such mineralized boulders in the Athabasca Basin. The
extension of the boulder field to the south-west may represent debris
from another mineralized source in the up-ice direction.
Planning is underway for a two part drill program during the 2013
winter. An aggressive focus will be made in the area of the recent
bedrock discovery of high grade uranium to develop a better measure of
the size and grade of the mineralized area (see news release Dec 05
2012). Much of this drilling will be from lake ice and will look for
extensions of the 2012 discovery and the exposure of high grade uranium
mineralization in the bedrock surface, at shallow depths beneath the
very young (15,000 to 10,000 years old) glacial sediments, which was
the source of the large uranium boulder field.
A wider ranging drill program is contemplated to test several priority
geophysical targets that were identified during the 2011-2012 airborne
and ground geophysical programs. Further ground work will refine these
targets for drill testing.
The boulder and soil samples were analyzed by SRC Geoanalytical
Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of
The uranium assays from surface rock sampling should not be averaged to
determine the average grade of the boulder field as by its very nature
each sample represents a point sample of differing mass that has been
located with a scintillometer and hand digging to excavate the sample.
These samples are surrounded by large amounts of un-mineralized
material and may not be representative of the grade of surrounding
Patterson Lake South Property
The 31,039 hectare PLS project is a 50%/50% Joint Venture held by
Fission Energy Corp. and Alpha Minerals Inc. Fission is the Operator of
the Joint Venture. PLS is accessible by road with primary access from
all-weather Highway 955, which runs north to the former Cluff Lake
mine, (>60M lbs of U3O8 produced), and passes close to the UEX-Areva
Shea Creek discoveries located 50km to the north, currently under
active exploration and development. An updated map highlighting the
assay results from its boulder prospecting program at PLS can be found
on the Company's website at www.alphaminerals.ca.
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the company by
Benjamin Ainsworth, P.Eng BC/SK. President of Alpha Minerals Inc. and a
On behalf of the Board of Directors of Alpha Minerals Inc.
President, CEO and Director
This press release contains "forward-looking information" that is based
on Alpha's current expectations, estimates, forecasts and projections.
This forward-looking information includes, among other things,
statements with respect to Alpha's development plans. The words "will",
"anticipated", "plans" or other similar words and phrases are intended
to identify forward-looking information.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause Alpha's actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
information. Such factors include, but are not limited to:
uncertainties related exploration and development; the ability to raise
sufficient capital to fund exploration and development; changes in
economic conditions or financial markets; increases in input costs;
litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments; technological or operational
difficulties or inability to obtain permits encountered in connection
with exploration activities; and labour relations matters. This list is
not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and
readers should not place undue reliance on such forward-looking
information. Alpha disclaims any intention or obligation to update or
revise forward-looking information, whether as a result of new
information, future events or otherwise.
SOURCE: Alpha Minerals Inc.
For further information:
For corporate communications please contact:
Robert (Bob) Meister
Alpha Minerals Inc.
Phone: (604) 629-0293
Toll Free: 1-866-629-U3O8 (8368)