VANCOUVER, British Columbia, March 4, 2014 (GLOBE NEWSWIRE) -- ALPHA EXPLORATION INC. ("Alpha" or the "Company") (TSX-V:AEX) is pleased to announce that a radon in lake water and sediment survey has begun 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 will test electromagnetic (EM) conductors that were confirmed in a recently completed airborne VTEM and magnetic survey by Aeroquest International Limited. This is the same technology that the Alpha JV used in the discovery of high-grade uranium mineralization at Patterson Lake South. The radon survey will be conducted by RadonEx Exploration Management of St. Lazare, Quebec, and will comprise approximately 1,000 sample locations over a 16 km strike length of the Cable Bay Shear Zone (CBSZ) on the 20,637 hectare Property.
Preliminary interpretation of the recently flown VTEM and magnetic survey shows numerous offset and disrupted EM conductors within the CBSZ that are associated with cross cutting structures depicted by magnetic lineaments. Graphitic shear zones (often seen as EM conductors) that are cross-cut by faults are seen as the critical framework for the required fluid paths for uranium emplacement. Detailed radon in lake water and sediment sampling will focus on these structural junctions.
Lake sediment samples recovered for radon analysis will also be 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.
Radon sampling is anticipated to be completed in four to five weeks with additional work for the spring and summer 2014 being planned. This includes a detailed high-resolution airborne gamma radiation spectrometric survey (radiometrics), which has a demonstrated capability to locate near surface uranium boulders, followed by ground prospecting and geochemical 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'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.
President, CEO and Director
For corporate communications please contact:
|Robert (Bob) Meister|
|Alpha Exploration Inc.|
|Trading Symbol: TSX-V – AEX|
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.