Alpha Completes Summer Work at Carpenter Lake, Athabasca Basin, Saskatchewan
September 18, 2014 (Source: Newsfile) — Alpha Exploration Inc. (TSXV: AEX) (“Alpha” or the “Company“) is pleased to announce that its summer exploration program has completed at the Carpenter Lake Project (“Carpenter Lake”, or the “Property”), Athabasca Basin, Saskatchewan, Canada.
Work completed by Alpha over the past 6 months includes:
- An airborne time domain EM and horizontal magnetic gradiometer survey (V-TEM) in February, 2014, and a detailed, low-altitude, airborne gamma spectrometer survey by Goldak Airborne Surveys. The integration of these two surveys outlined targets with respect to radioactive anomalies associated with conductors:
- Radon-in-water and radon-in-soil survey in March-April, 2014 (see Alpha’s News Release dated May 21, 2014):
- A boulder prospecting program in August, 2014 to follow-up targets defined from integrated airborne geophysical and ground geochemical anomalies. Prospecting teams supervised by Discovery Consultants worked for three weeks in August and collected a total of 71 rock samples;
- Detailed follow-up radon-in-soil and soil geochemical surveys to enhance targets established from previous surveys in April. Radon work was completed in September by RadonEx.
Alpha continues to compile and integrate all available data from government surveys and historical assessment reports while it awaits geochemical data from work this summer. The Company will evaluate and prioritize potential drill targets later this fall and will release plans for winter work once programs and budgets are approved.
About Carpenter Lake
Carpenter Lake lies approximately 85 km west of the past-producing Key Lake uranium mine along the Cable Bay shear zone, straddling the south-central rim of the Athabasca Basin and comprises a total of 20,637 hectares within five contiguous mineral dispositions. The Property is under an option agreement from Noka Resources Inc. Details of the agreement are on the Company’s website. Alpha is the operator for exploration at Carpenter Lake.
About Alpha Exploration Inc.
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Alpha is a junior mineral exploration company focused on uranium in the Athabasca Basin in northern Saskatchewan, Canada. Its common shares are listed on the TSX Venture Exchange under the symbol “AEX”. The Company actively explores a portfolio of early-stage properties, and continually and proactively reviews opportunities for new properties, whether by staking, joint venture or acquisition.
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 Dr. Michael Gunning, Ph.D., P.Geo./SK a qualified person.
On behalf of the Board of Directors of Alpha Exploration Inc.
Interim CEO and Chairman
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>