Alpha Minerals Inc.
TSX VENTURE : AMW
FRANKFURT : E2GA

Alpha Minerals Inc.

November 12, 2013 03:00 ET

Alpha Minerals JV Reports 16.8m Total Composite Mineralization to Expand New R600W Zone, PLS, Athabasca Basin

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 12, 2013) - Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA) (the "Company" or "Alpha"), and its 50% Joint Venture partner Fission Uranium Corp are pleased to report two additional holes drilled on the R600W Zone at its Patterson Lake South (PLS) property in Canada's Athabasca Basin; PLS13-121 and PLS13-122. The holes expand the new zone by 10m north and 15m east respectively. Of note is hole PLS13-121, which intersected 16.8m total composite mineralization, at shallower depths than hole PLS13-118 (see news release Nov 4th, 2013), and includes a 0.05m horizontal vein of semi-massive pitchblende with accompanying off-scale (>9999 cps) radioactivity.

Drilling Highlights include:

1Hole PLS13-121 (line 600W)

  • 16.8m of total composite mineralization between 98.7m to 196.0m;
  • Mineralization encountered up dip of hole PLS13-118, with stronger radioactivity and a 0.05m horizontal semi-massive pitchblende vein with off-scale radioactivity;
  • Expands the R600W zone by 10m north.

Hole PLS13-122 (line 585W)

  • 8.0m of total composite mineralization between 101.5m to 220.0m
  • Expands the R600W zone by 15m east

R600W Zone:

The R600W zone discovery was the result of follow-up by drilling of a radon in soil gas anomaly identified during the summer program by RadonEx of Montreal. The radon anomaly is located between 540W and 630W and may be associated with inferred north-south cross cutting structures. This anomaly lies along an ENE trend, parallel and just north of the PL-3B EM conductor.

Hole PLS13-121 (line 600W) was collared as a vertical hole and completed to a depth of 248.0m. The hole was drilled 10m grid north of PLS13-118 (see news release November 4, 2013). A total composite of 16.8m of mineralization within 6 discrete intervals of variably weak to moderately radioactive mineralization was intersected from 98.7m to 196.0m, in interval widths ranging from 0.5m to 11.3m. A 0.05m horizontal vein of semi-massive pitchblende with off-scale (>9999 cps) radioactivity was intersected from 106.35m to 106.40m. A narrow 0.3m wide horizon of Devonian sandstone directly overlies the basement from 98.7m to 99.0m. The upper part of the basement lithologic sequence (99.0m to 231.8m) is comprised dominantly of pelitic gneiss, often graphitic and pyritic, with occasional intervals of undifferentiated mylonites and cataclasites ranging from 1.6m to 10.3m wide. A diabase dyke is present from 231.8m to 234.1m. From 234.1m to the end of hole depth at 248.0m a semipelitic gneiss dominates. Moderate clay alteration (locally hematitic) is present throughout from 99.0m to 185.5m. A sulphide-rich section is present from 144.0m to 174.2m.

Hole PLS13-122 (line 585W) was collared as a vertical hole and completed to a depth of 332.0m. The hole was drilled 15m grid east of PLS13-118. Basement was encountered at a depth of 100.0m. A total composite of 8.0m of mineralization within 5 discrete intervals of variably weak to moderately radioactive mineralization was intersected between 101.5m to 220.0m, in interval widths ranging from 0.5m to 4.0m. The upper part of the basement lithologic sequence (100.0m to 149.2m) is comprised of a quartzitic gneiss. From 149.2m to the end of hole depth at 332.0m a pelitic gneiss dominates. Local narrow intervals (1.6m to 3.8m wide) of moderate to steeply dipping mylonites and cataclasites are present between 209.0m to 275.0m.

R600W
Collar * Hand-held Scintillometer Results
On Mineralized Drillcore
(>300 cps / >0.5M minimum)
Devonian
Sandstone
Basement
Unconformity
Total
Drillhole
Hole ID Grid
Line
Az Dip From
(m)
To
(m)
Width
(m)
CPS
Peak Range
From -
To (m)
Depth
(m)
Depth
(m)
PLS13-121 600W 281 -89 98.7 110.0 11.3 <300 - >9999 98.7 - 99.0 99.0 248.0
141.0 144.5 3.5 <300 - 600
150.0 150.5 0.5 530
162.0 162.5 0.5 300
182.5 183.0 0.5 380
195.5 196.0 0.5 790
PLS13-122 585W 197 -86 101.5 103.5 2.0 <300 - 800 No Sandstone 100.0 332.0
106.0 110.0 4.0 <300 - 510
116.0 116.5 0.5 370
158.5 159.5 1.0 430 - 1900
219.5 220.0 0.5 400

* Scintillometer Instrument: Exploranium GR-110G

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held Exploranium GR-110G total count gamma-ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.

All holes are planned to be radiometrically surveyed using a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in high grade mineralized zones. The Triple Gamma probe is preferred in zones of high grade mineralization.

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 for analysis, which includes U3O8 (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.

For additional comments about the Summer 2013 Program, please watch a corporate video at the Alpha Minerals website: http://www.alphaminerals.ca/corporate-videos/

Patterson Lake South Property

The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint Venture held by Alpha Minerals Inc (AMW) and Fission Uranium (FCU). The Joint Venture property is 100% owned with no underlying royalties or vendor payments. For the present work, the exploration is still being operated as a Joint Venture under the direction of the Joint Venture Management Committee with Fission Uranium acting as the operator. Drilling on Land WSW of Discovery Zone R00E continues: Additional funding, designed to extend the land based drilling programme beyond the original budget limits, is showing encouraging initial results, following the closure of the barge based drilling programme.

The property is accessible by road with primary access from all-weather Highway 955, which runs 74km north to the former Cluff Lake mine, (>60M lbs of U3O8 produced from multiple open pit and underground mines), and passes through the claims covering the UEX-Areva Shea Creek discoveries located 58km to the north, currently under active exploration and development.

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 Alpha Minerals Inc, by Garrett Ainsworth, P.Geo., Vice President Exploration, a qualified person.

On behalf of the Board of Directors of Alpha Minerals Inc.

Ben Ainsworth, PEng BC/SK, President, CEO and Director

Please refer to the Alpha Minerals Inc. website (www.alphaminerals.ca) for the video and further updated information.

Neither the 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.

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.

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