Trading Symbol TSX-V - AMW
VANCOUVER, Nov. 28, 2012 /CNW/ - Alpha Minerals Inc. (formerly ESO Uranium Corp.) (TSX-V: AMW), (the "Company" or "Alpha"), is pleased to announce the appointment of Dr Michael Gunning to its Board of Directors. In a planned build out of the Management team of the Company, he will also serve as lead Technical Advisor, in support of advancing the Company's recent discovery at Patterson Lake, Athabasca Basin, Saskatchewan.
Dr Gunning brings a very diverse and valuable range of experience and proven leadership to Alpha from his 25 years in the mineral exploration and geological research sectors. Most recently as former President and CEO of Hathor Exploration Ltd, he successfully transitioned the Company from the grass roots discovery to the definition of a uranium deposit with truly world class attributes, and steered it's eventual sale to Rio Tinto Plc., a leading producer in the global uranium sector.
Ben Ainsworth, President, Alpha Minerals Inc. comments: "This is a critical first step required for Alpha to carry on a successful exploration effort on the Patterson Lake South Joint Venture with Fission Energy and its other uranium interests in the Athabasca Basin. Dr. Gunning will be a critical voice in advising the Board, and management, as to the technical approach to understanding and advancing Patterson Lake, an early stage but promising discovery in the well-established and preeminent high grade uranium district in the world. I look forward to again working again with Michael, having seen his proven ability to lead so effectively the team at Hathor.
Dr Gunning attained an Honours BSc degree in geology from UBC, followed by a time in the junior gold exploration sector, and onto mineral deposit research and regional mapping with the British Columbia Geological Survey and Geological Survey of Canada, all towards completing MSc and PhD degrees at the University of Western Ontario. Following work with Teck Resources in base metal exploration in North and South America, he joined the Saskatchewan Geology survey as lead Mineral Deposits Research Geologist. Dr. Gunning is extensively published, has presented at numerous technical and investor conferences, and is past-President of the SEG Student Chapter at Western, and Geological Society of Saskatchewan.
Dr Gunning is granted 100,000 options today at the last market closing price of $1.69 and these options will be exercisable for 5 years. Additional compensation has been agreed upon, in light of the Company's option structure.
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.
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For corporate communications please contact:
Robert (Bob) Meister
Alpha Minerals Inc.
Phone: (604) 629-0293
Toll Free: 1-866-629-0293