Discovery Hole at Patterson Lake South: High Radioactivity and Massive Pitchblende in Core
Trading Symbol TSX-V – AMW
VANCOUVER, Nov. 5, 2012 /PRNewswire/ – Alpha Minerals Inc. (formerly ESO Uranium Corp.) (TSX-V: AMW), (the “Company” or “Alpha”), and its Joint Venture partner, Fission
Energy Corp (TSX-V:FIS) report that core drilling on the Patterson Lake
South project (“PLS”) located in the Athabasca Basin area of northern
Saskatchewan, has intersected a 6.0 metre wide interval of high grade
mineralization with visible massive pitchblende in veins (up to 21
centimetres wide), blebs and flecks.
This high grade mineralization occurs at shallow depth in basement rocks
in diamond drill hole PLS12-022. This hole is still in progress. The
strongly radioactive interval occurs within the top 21.0 metres (69
feet) of basement core.
-- Discovery hole PLS12-022, a vertical hole collared 10 metres north of hole PLS12-016 intersected anomalous radioactivity in the bedrock over a 21 metres interval (57.5 - 78.5 metres), with a 6.0 metre wide interval of continuous strong radioactivity (71.0 - 77.0 metres). -- The unconformity with the Archean basement and probable Devonian sandstone overlying it was encountered at 59.53 metres depth. -- The 4.24 metre intersection of Devonian sandstone included 1.73 metre intersection with 1,400 counts per second ("cps") radioactivity lying unconformably on the Archean basement rocks. -- Elevated radioactivity continues in the upper basement drill core to 78.5 metres. -- A second radioactive interval has been intersected from 166 metres to 177 metres depth as drilling continues. -- Discovery hole PLS12-022 is located approximately 3.8 kilometres northeast of the high grade radioactive boulder field, where assays returned values up to 39.6% U3O8 (see news release July 27, 2011).
Ben Ainsworth, President, Alpha Minerals Inc. commented: “This is the most significant discovery of new mineralization in the
southwest Athabasca Basin area since Cluff Lake and Shea Creek. We have
achieved this discovery with good science and the hard work of an
exploration team and its contractors who pushed their limits to get
here. The departments of the Provincial Government that regulate and
support our work have been a key reason for our continued enthusiasm
for this project in the mine-friendly jurisdiction of Saskatchewan.”
Natural gamma radiation in drill core that is reported in this news
release was measured in “cps” using a hand held Exploranium GR-110G
total count gamma-ray scintillometer. The degree of radioactivity
within the discovery interval is variable and associated with uranium
mineralization as pitchblende.
The reader is cautioned that these scintillometer readings are not
directly or uniformly related to uranium grades of the rock sample
measured, and should be used only as an indication of the presence of
The degree of radioactivity within this interval is highly variable and
associated with visible pitchblende mineralization. Core recovery is
generally very good between 91.9 – 100%. The 21.0 metre wide zone of
alteration and elevated radioactivity can be described as greater than
300 cps, with discrete intervals of high radioactivity greater than
9,999 cps. All intersections are down-hole, core interval measurements
and true thickness is yet to be determined.
An ongoing field program is in progress. This includes 8 holes of
approximately 1,600 metres of core drilling following up geophysics and
geologic targets, including the prospective PL-3B conductor, as well as
12 holes of approximately 1,440 metres of dual rotary (“DR”) drilling
evaluating overburden near the boulder field. (see news release October
All holes will be radiometrically surveyed with a Mount Sopris 2GHF-1000
Triple Gamma probe, which allows for accurate measurements in high
grade mineralized zones. This probe will be used if high grade
mineralization is encountered in subsequent drill holes.
Split core samples from the mineralized section of core will be taken
continuously through the mineralized intervals and submitted to SRC
Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited
Facility) of Saskatoon, Saskatchewan for analysis, which includes U(3)O(8) (wt %) and fire assay for gold. All samples sent for analysis will
include a 63 element ICP-OES, uranium by ICP-MS and boron. Assay
results will be released when received.
Patterson Lake South Property
The 31,039 hectare PLS project is a 50%-50% Joint Venture held by
Fission Energy Corp. and Alpha Minerals Inc. (TSX: AMW). Fission is the
Operator. PLS is accessible by road with primary access from
all-weather Highway 955, which runs north to the former Cluff Lake
mine, (over 60 million lbs. of U(3)O(8) produced), and passes through the nearby UEX-Areva Shea Creek (more than 90 million lbs U3O8 in resource estimates) discoveries located 50 kilometres to the north, currently under active
exploration and development by Areva Resources Canada and UEX
Corporation. An updated map highlighting the core and dual rotary
drilling programs planned for PLS can be found on the Company’s website
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in
National Instrument 43- 101 and reviewed on behalf of the company by
Benjamin Ainsworth, P.Eng BC/SK, President of Alpha Minerals Inc acting
as the Qualified Person.
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.