SOURCE: Alaska Pacific Energy Corp.

December 12, 2011 21:52 ET

UPDATE: Alaska Pacific Energy Commences Discussions With Its Geological Team About Further Exploration Programs on the Company's Gold Claims

CARLSBAD, CA--(Marketwire - Dec 12, 2011) - Alaska Pacific Energy Corp. (OTCQB: ASKE) (PINKSHEETS: ASKE):

PRELIMINARY DISCUSSIONS HAVE BEGUN WITH MR. AL BEATON P.ENG., THE COMPANY'S GEOLOGICAL ENGINEER, ALONG WITH MR. ROGER McClay, THE COMPANY'S CONSULTING OPERATIONS MANAGER. THEY WILL BE THE PROFESSIONALS WHO WILL INSTITUTE EXPLORATION PROGRAMS ON THE BCT GOLD CLAIMS, LOCATED ON GUN LAKE IN THE HISTORICAL BRALORNE GOLD CAMP. THEY WILL ALSO CONSULT WITH THE COMPANY'S BOARD OF DIRECTORS: HEREWITH ARE BRIEF RESUMES OF OUR GEOLOGICAL TEAM:

Alan Beaton, VP Exploration and Board Member: Mr. Beaton is a senior Mining Engineer with 35 years of professional mining experience in both large and small operations. Allan became a member of the Association of Professional Engineers in 1975 after graduating from St. Francis Xavier University with degrees in Geology and Engineering. Mr. Beaton has vast experience in underground operations including 7 years as mine manager of Erickson Gold Mines. He also served as President and Director of CanAfrican Metals and Mining Corp a TSX-V company. Mr. Beaton is currently President of A.J. Beaton Mining Ltd. and Vicore Mining Developments Ltd. He also works as an independent consulting engineer.

Stanley Roger McClay, Operations Manager: Mr. McClay has over 30 years of experience in international resource exploration and development, acquisitions and mergers. Mr. McClay started in the mining business in 1968 and was active in both open pit mining and exploration. By 1987 he was named president of Thunder Engine Corp which was later sold to Hawker Siddley Aviation. Mr. McClay is past President of Rioro Mining Corp., engaged in exploration and mining development in Ecuador and is past president of Spirit Exploration. He is currently the head of BCT Mining and is Alaskas's exploration manager. Mr. McClay has worked in several countries mining and exploration, and has experience in Tanzania, Sierra Leone, Ecuador, Brazil, and Mexico. Significant work has also been completed throughout Canada including work with Encore Renaissance of Vancouver Canada as an operator.

TECHNICAL DATA:

PILOT MINEFILE
Name PILOT, YPRES Mining Division Lillooet
Status DEVELOPED PROSPECT BCGS Map 092J086
NTS Map 092J15W
Latitude 50º 52' 30" N UTM 10 (NAD 83)
Longitude 122º 53' 25" W Northing 5635930
Easting 507720
Commodities Gold, Silver Deposit Types I01 : Au-quartz veins



Tectonic Belt
Coast Crystalline Terrane Plutonic Rocks
Capsule Geology Hornblende-biotite quartz diorite, a basic phase of the Cretaceous to Tertiary Bendor pluton, occurs in a northwest trending tongue across the property, intruding Mississippian to Jurassic Bridge River Complex (Group) sediments. Quartzite, silicified argillite and foliated tuffs are metamorphosed to lower greenschist grade. The "Pilot shear" hosting the deposit trends southeast at the contact between silicified tuff of the Upper Triassic Noel Formation, Cadwallader Group quartz diorite and Bridge River sediments. The 3-metre wide shear contains a number of narrow, parallel quartz veins altered with sericite and kaolinite. Gold and silver values are continuous along this structure for 300 metres northwest. A chip sample taken over 0.9 metres assayed 11.1 grams per tonne gold and 56.9 grams per tonne silver (Assessment Report 11877). Another similar vein is reported to occur along the same trend about 150 metres west of the Pilot shear. A well maintained portal to the Pilot vein is located near the mouth of Walker Creek on Gun Lake.

The area has not been fully explored and with improving gold prices interest in the area has increased significantly. In its glory days Bralorne Pioneer supported a town of 10,000 residents and provided hundreds of good jobs even at the height of the Great Depression.

Bralorne has a colorful history rich in gold. Bralorne and Pioneer were the most important gold mines in BC for much of the time of the 20th century. Over 3 million ounces of gold was produced until the mine was closed in 1971 due to low gold prices. The mine has opened again and is back in production. Alaska Pacific Energy Corp. looks forward with high anticipation to exploration of its Pilot Gold Claims located near the Bralorne Mining Camp.

Contact Information

  • FOR MORE INFORMATION PLEASE CALL:
    Alaska Pacific Energy Corp.
    1-888-747-9911

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