Alpha: Cable Bay Shear Zone Lights Up With Strongly Anomalous Radon at Carpenter Lake Property, Athabasca Basin, Saskatchewan...
April 14 2014 - 6:30AM
ALPHA EXPLORATION INC. ("
Alpha"
or the "
Company") (TSX-V:AEX) is pleased to
announce that a radon in lake water and sediment survey has been
completed at Carpenter Lake, Athabasca Basin, Saskatchewan as part
of Alpha's Option Agreement to earn a 60% interest in the Carpenter
Lake Property from Noka Resources Inc. (TSX-V:NX). The radon survey
was conducted by RadonEx Exploration Management of St. Lazare,
Quebec, and comprised 895 sample locations over a 16 km strike
length of the Cable Bay Shear Zone ("CBSZ") within six grids (A to
F) on the 20,637 hectare Property.
The radon survey tested electromagnetic ("EM") conductors
covered by water bodies that were confirmed in a detailed airborne
VTEM and magnetic survey completed in February 2014 by Aeroquest
International Limited. Detailed grids were laid out for radon in
lake water and sediment sampling focussed on cross structures
apparent from flexures and breaks in the EM conductors. This is the
same technology developed by Alpha Minerals and RadonEx Management
that the Alpha Joint Venture ("JV") used in the discovery of the
high-grade and shallow uranium mineralization at Patterson Lake
South.
Radon results by each grid follow:
- Grid A shows two trends with weakly to strongly anomalous radon
values within the CBSZ that have strike lengths of over 460 m and
580 m. Radon values range from -40 pCi/L to 67 pCi/L.
- Grid B is located north of the CBSZ, and returned multiple
strongly anomalous radon values associated with kinked VTEM
conductors. Radon values range from -41 pCi/L to 45 pCi/L.
- Grid C contains strongly anomalous radon values within three of
the four lakes tested within the CBSZ. One of these lakes runs
parallel to a VTEM conductor, and shows strong radon values up to
264 pCi/L over a 550 m strike length. Radon values range from
-18 pCi/L to 264 pCi/L.
- Grid D shows strongly anomalous radon values in five out of
five lakes tested within the CBSZ. Radon values range from -31
pCi/L to 59 pCi/L.
- Grid E covers Esker Lake which is situated along the CBSZ, and
shows numerous strong radon anomalies located above VTEM conductors
that range from -40 pCi/L to 108 pCi/L.
- Grid F is located north of the CBSZ on Carpenter Lake, and
shows several strong radon anomalies associated with a broken up
and displaced VTEM conductor. Radon values range from
-27 pCi/L to 337 pCi/L. Carpenter Lake has the highest radon
in water value and historical lake sediment uranium concentration
on the Property.
An updated map showing the Radon In Water and VTEM can be found
at the Alpha website
http://www.alpha-aex.com/project/carpenter-lake/
A total of 60 lake sediment samples were recovered, and have
been submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC
17025: 2005 Accredited Facility) of Saskatoon for analysis, which
includes a 63 element ICP-OES, and uranium by ICP-MS. These
geochemical results will be reported when they become
available.
Summer exploration at Carpenter Lake will include a detailed
high-resolution airborne gamma radiation spectrometric survey
(radiometrics), which has a demonstrated capability to locate near
surface uranium boulders, such as those located by Alpha's VP of
Exploration on the Patterson Lake South (PLS) property in June
2011. Those boulders were located down ice from the very large,
high grade mineralization discovery by Alpha Minerals JV at PLS.
The survey will be covering historical regional scale radiometric
surveys that indicate several anomalous radioactive centres. The
detailed radiometric survey will be followed by ground prospecting,
geochemical and radon sampling.
About Alpha Exploration Inc.
Alpha Exploration Inc. is a mineral exploration company whose
uranium experience was developed with the discovery of the
Roughrider deposits and subsequently the Patterson Lake South
discovery in 2012 via Alpha Mineral's successful JV with Fission
Uranium. The principals of the Company comprise a team that were
involved in the discovery and development of those world class
deposits. The Company started with a principal focus in the
exploration and development of its Mikwam Gold Property in Ontario,
and that focus has been moved to development of uranium properties
in the Athabasca Basin in northern Saskatchewan, Canada. Common
Shares are listed on the TSX Venture Exchange under the symbol
"AEX". Additional information about Alpha is available on Alpha's
website at www.alpha-aex.com or under its profile on SEDAR at
www.sedar.com.
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
Exploration Inc. by Garrett Ainsworth, P.Geo., Vice President
Exploration, a qualified person.
On behalf of the Board of Directors of Alpha
Exploration Inc. |
"Ben Ainsworth" |
President, CEO and Director |
|
For corporate communications please
contact: |
Robert (Bob) Meister |
Alpha Exploration Inc. |
Email: info@alpha-aex.com |
Trading Symbol: TSX-V –
AEX |
Frankfurt: E2GA |
Neither 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 exploration and
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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