COQUITLAM, BC, Nov. 11 /CNW/ - Alpha Gold Corporation (TSX-V: ALQ) ("Alpha Gold" or the "Company") today reported that diamond drilling on its 100%-owned Lustdust Property in central British Columbia has been completed, totalling 6,365 metres in 17 holes. Core logging and clean up at the site finished on October 31st.
Richard Whatley, President and CEO, explained, "Snow began to fall on the property as we were wrapping up there. I'm very satisfied with the efficiency and economy demonstrated by our geological consultants, Hungry Hill, during this campaign. We averaged drill costs of only $205 per metre which is exceptional."
The completed program of diamond drilling was modified somewhat from what the Company had announced in its news release of June 3, 2009. Instead, the campaign's goals were narrowed to one - to ensure that compliant data needed for a resource estimate of the Canyon Creek Skarn (CCS) Zone was obtained.
Drillholes LD-2009-01 to LD-2009-03 were re-drills of historical holes
that had no existing downhole survey data. These holes were re-drilled to
establish the actual movement of the drillhole to depth in order to
better understand where the main deposit is situated and to better
establish "typical" movement of drillholes in the areas that still do not
have downhole survey data. Drillholes from 1997, 1999 and 2000 were re-
drilled with downhole survey data.
Drillholes LD-2009-04 to LD-2009-08 established further geological and
mineralogical control through infill drilling within the CCS Zone.
Drillholes LD-2009-09 and LD-2009-12 are step-out holes aimed to prove up
the extension of mineralization to depth.
Drillholes LD-2009-10 and LD-2009-11 are infill holes to the southern
most portion of the CCS Zone where both drillholes test for the possible
continuation of the CCS Zone into the 4B Zone (mantos zone).
Drillholes LD-2009-13 and LD-2009-14 test the northern extension of the
CCS Zone and infill an area of geological and mineralogical interest.
Drillhole LD-2009-15 tests the skarn immediately north of the Canyon
Creek while infilling an area of great interest.
Drillhole LD-2009-16 and LD-2000-17 test the skarn and associated
mineralization to depth.
On visual inspection, the rocks encountered were identical to past years' drilling campaigns. That is Glover stock intrusives and dyking to the west, siliceous phyllites to the immediate east of the Glover Stock, argillites, garnet skarns and massive sulphides at contacts with intrusive rocks and silceous phyllites. Mineralization patterns seen support the Company's expectations by showing an abundance of pyrite, both massive and disseminated, chalcopyrite, sphalerite, galena, arsenopyrite and pyrrhotite with an array of skarn associated calc-silicate mineral assemblages. Copper, Zinc, Molybdenum, Silver and Gold are all associated with these abundances.
"Assay results are anticipated in about four to eight weeks' time," added Mr. Whatley. Drill cores have been sent to ALS Chemex Laboratory in Vancouver, B.C., for assaying.
Real time GPS data collection was completed across the board in this campaign for all historical and current drill collar locations within the CCS Zone. It is believed that the GPS and assay data resulting from 2009's drilling, when combined with the existing catalogue, will be sufficient to support a stand alone NI 43-101 compliant resource estimate on the CCS.
Quality control consisted of inserting standards, blanks, and duplicates into the sample stream. As well, the Company has submitted approximately 5% of historical samples, taken from within the CCS zone, for testing at another laboratory other than ALS Chemex as re-checks.
Richard Whatley, MEng, PEng, acted as the Company's Qualified Person as defined by National Instrument 43-101 during the drilling program and has reviewed and approved the contents of this news release.
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company whose 100%-owned Lustdust Property is advantageously situated with nearby road and rail access in central British Columbia. Lustdust 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); the exploratory tunnels of the Takla Silver Mine(9) (BCMINFILE 093N009), a developed prospect that contains high grade gold-silver veins; and Carlin-style mineralization in the Valley(10) zone. Alpha Gold Corporation has approximately 36.9 million shares issued and outstanding, 38.6 million fully diluted. Shares are listed on the TSX Venture Exchange under the symbol "ALQ".
Should you wish to receive Company news via email, please contact firstname.lastname@example.org and specify "Alpha Gold News" in the subject line.
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.
SOURCE ALQ Gold Corp.
For further information: For further information: please visit www.alphagold.bc.ca or contact: CHF Investor Relations, Cathy Hume, CEO, T: (416) 868-1079 x231, E: email@example.com; or Christopher Haldane, Account Manager, T: (416) 868-1079 x237, E: firstname.lastname@example.org