COQUITLAM, BC, June 3 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) today
announced that a drill program of approximately 5,000 metres is slated to
begin in early August 2009. Exploration in 2009 will initially focus on the
Canyon Creek Skarn ("CCS").
The goal of the 2009 exploration program is to focus on targets that
indicate the potential for new discoveries and some infill drilling that, if
successful, will result in expanding the current resource and possibly
demonstrating continuity or expansion of other zones.
The design and logistics of 2009 field program will be finalized when all
historical property data has been completely integrated into the drilling
database and will commence when ground conditions permit. "Once permits are in
place and drill targets have been finalized, we will have a drill turning on
the property," explained Richard Whatley, President and CEO.
Geophysical, geochemical and geological data are being compiled by Hungry
Hill Geological Ltd., the Company's new Geological Consultant, and all
historical data re-analyzed in order to generate targets in and around the CCS
and the Glover Stock. Diamond drilling using NQ core size on the CCS will
focus on three priority areas: (i) infill drilling to better establish the
resource parameters of CCS mineralized body needed for an NI 43-101 resource
calculation; (ii) new step-out targets that have the potential to extend the
existing CCS mineralized zone; and (iii) test drilling skarn-like geophysical
and geochemical anomalies that have been, and may still be, identified.
During this season, aerial orthophotography of the Lustdust Property and
real time GPS surveying of all drill collars are proposed which will add to
the reconnaissance for advancing the potential of the CCS.
The total cost of the 2009 drill program is estimated to be C$1.3
million. There is C$3 million in the treasury.
It is expected that upon completion of the 2009 drill program, a stand
alone resource estimate can be re-initiated on the CCS. Earlier work on an NI
43-101 compliant estimate was discontinued due to insufficient drill data and
downhole geophysics to meet NI 43-101 criteria.
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
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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
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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: please visit www.alphagold.bc.ca or contact:
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