VANCOUVER, BC, Jan. 23, 2012 /CNW/ - Alpha Gold Corp. (TSXV: ALQ) (the
"Company") is pleased to announce its 2011 exploration program was
successful in providing further indications that Alpha's Lustdust
property has additional mineralization in areas previously explored and
reports additional, noteworthy anomalies in new areas. Program
objectives were to find mineralized rocks, measure structure, and
create a comprehensive geological map of the claims. Click here for a map.
In August 2011, a helicopter-borne ZTEM and aeromagnetic survey was
conducted by Geotech Ltd. in preparation for field work. Soil
sampling, mapping and prospecting was carried out by UTM Exploration
Services Ltd. from mid-August through mid-September. Results of both
efforts were then collated and analyzed.
Historically, Lustdust claims explored were delineated and named as
Zones. Thus, the Lustdust property is known to host six mineralized
corridors and Zones (Canyon Creek Zone Extension, Canyon Creek Skarn
Deposit, the No. 4B Zone, the No. 3 Zone, the No. 2 Zone and the No. 1
Zone) that have an apparent discontinuous strike length of
approximately 7.5 kilometres. The 2011 program questions the
discontinuous designation as the main access road through the claims
has always been used as a reference point when describing Zone
locations. This raises the possibility that the strike length may not
be discontinuous, but may be part of one system.
Soil sampling identified multiple silver, gold and copper anomalies in
the northern reaches of the claims. These anomalies indicate a trend
that is sub-parallel to stratigraphy with a north-northwest strike and
may indicate a major increase in strike length of the Lustdust
Rocks sampled outside the known Canyon Creek Skarn (CCS) Deposit
identified several anomalous gold and silver values, which may indicate
a northern continuation of the mineralizing system. The southern grid
contained a cluster of anomalous values in gold-in-soil in the
northwest area of the grid. While weaker anomalous values continued to
the south-southwest, all of these anomalies were coincident with very
strong silver, zinc, lead and other minerals that may indicate a
significant extension of the No. 1 Zone.
Gold-in-soil anomalies, coincident with multi-element-in-soil anomalies,
may indicate that mineralization follows the strike of bedding to the
south-southeast instead of following the previously mapped and drilled
No. 1 Zone that was originally interpreted to run that runs north and
south. 2011 Prospecting rediscovered the Takla silver vein immediately
southwest of the No. 1 Zone. The measured trend of the vein is
northwest-southeast rather than the north-south orientation previously
thought. A sample taken from this vein graded 88 grams of silver per
tonne and 7.5 grams of gold per tonne, warranting further sampling and
possible drilling as part of the 2012 exploration program.
Additional anomalous values in gold-in-soil extend 750 metres past the
known extent of the No. 1 Zone, which may indicate a considerable
increase in tonnage in the previously proven high grade No. 1 Zone.
Strong, multi-element anomalous soil samples taken to the south and
southwest of the Takla veins may further indicate an increase in the
extent of mineralization in the No. 1 Zone by up to one kilometre to
the south-southwest. Geologists suggest parallel ore shoots in this
Zone may exist.
Mapping and prospecting has confirmed mineralization in the CCS
Extension Zone through to the No. 1 Zone and has helped to give a new
outlook on the mineralizing structure in the No. 1 Zone. Mapping
outside the known deposit has served to identify alteration in
stratigraphy suitable to mineralization.
"The 2011 mapping and soil sampling program has added to the
understanding, both geologically and chemically, of the known Zones and
that mineralization and favourable rock types exist between the Zones,"
commented Carl Pines, CEO. "The exploration program may indicate
extensions to the existing Zones and in particular, to the No. 1
Zone. The potential for continued success in proving up
mineralization and immediate addition of resource tonnage is thought by
the geological team to be considerable."
The geologists have recommended a comprehensive follow-up program, which
the Board has under consideration and upon which the Company will
comment by way of news releases in the future.
Anastasia Ledwon is Alpha Gold's Qualified Person, as defined by
National Instrument 43-101, for the Lustdust Project, and is
responsible for the technical information in this news release and has
reviewed all information in this news release. She is responsible for
verification and quality assurance of the Lustdust Project data and
analytical results. All samples were prepped at AGAT Labs in Terrace,
BC, and sent to the AGAT Lab in Calgary, Alberta for assay using a
standard 46 Element ICP package plus a 30 gram Au fire assay with an AA
finish. Atomic Absorption Analyses were performed on all overlimits.
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 20 contiguous mineral claims covering 9,583 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 47.2 million shares
issued and outstanding, 62.0 million fully diluted. Shares are listed
on the TSX Venture Exchange under the symbol "ALQ".
- Carl Pines, CEO, Director, on behalf of Alpha Gold Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider
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Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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 judgement as
of the date hereof based on information currently available. The
Company does not assume the obligation to update any forward-looking
PDF with caption: "Figure 18, Areas of Interest for Future Exploration.". PDF available at: http://stream1.newswire.ca/media/2012/01/23/20120123_C5884_DOC_EN_9072.pdf
SOURCE Alpha Gold Corp
For further information:
please visit www.alphagold.bc.ca or contact:
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