COQUITLAM, BC, Dec. 10 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) today
announced preliminary trenching and diamond drilling results from the Kwanika
South IP anomaly at its 100%-owned Lustdust property in central B.C. Eleven
holes totalling 2,757 metres, and 40 metres of trenching were completed to
test a portion of a coincident chargeability and resistivity anomaly (Kwanika
The trench encountered disseminated pyrite and arsenopyrite in an altered
phyllite (metatuff) over its entire length of 40 metres. Three chip samples
taken perpendicular to the foliation returned anomalous gold values together
with anomalous arsenic and antimony.
On visual inspection, five of the eleven diamond drill-holes intersected
multiple altered phyllite horizons with disseminated pyrite and arsenopyrite
mineralization but only partial results of one hole's assays have been
returned. Hole LKS07-03 was collared to test the down-dip extent and tenor of
the trench mineralization. It returned a 21.0 metre interval, from 17.0 to
38.0 down-hole, of anomalous gold, arsenic and antimony (the true width of
this horizon is unknown at the present time). Assay results from the remainder
of LKS07-03 and the other four holes will be released once they become
The observed mineralization is hosted within a thick sequence of
silicified limestone and graphitic sediments and is believed to have a distal,
genetic connection to the Canyon Creek Skarn Zone.
Alpha Gold President and CEO George Whatley explained, "We are very
encouraged by the preliminary results in this partial hole drilled in the
southern anomaly (approximate dimensions are 300 m by 2,000 m). We were
working up at Lustdust virtually non-stop from May to November. The majority
of the territory required a great deal of planning and preparatory work to be
done before we drill-tested these new targets. Only a very small portion of
the Kwanika South Anomaly has been drilled to date. We are awaiting all our
assay results in order to analyze and determine where to drill test next."
Daryl J. Hanson, P.Eng., is the Company's "Qualified Person" under
National Instrument 43-101 and is responsible for the technical aspects of
this release. Sample analysis was conducted at the ALS Chemex Laboratory in
Vancouver, B.C. Quality control consisted of inserting standards and blanks
into the sample stream.
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 36.8 million shares issued and outstanding and
approximately $4 million in cash on hand. Shares are listed on the TSX Venture
Exchange under the symbol "ALQ".
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Statements in this release that are forward-looking statements are
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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: George Whatley, President, Alpha Gold Corp., T:
(604) 939-7943, E: firstname.lastname@example.org, www.alphagold.bc.ca; or Cathy Hume,
CEO, CHF Investor Relations, T: (416) 868-1079 x231, E: email@example.com,