Alpha – Noka Commence Airborne VTEM Survey at Carpenter Lake Property, Athabasca Basin, Saskatchewan
February 3, 2014 (Source: Globe Newswire) — ALPHA EXPLORATION INC. (“Alpha” or the “Company“) (TSX-V:AEX) is pleased to announce that an airborne VTEM and magnetic survey has begun at Carpenter Lake, Athabasca Basin, Saskatchewan as part of Alpha’s 60% option in on the Carpenter Lake property from Noka Resources Inc. (TSX-V:NX). The VTEM and magnetic survey will cover an approximate 19 km strike length of the Cable Bay Shear Zone (CBSZ), and comprises 1,892 line-kms on lines spaced 100 m apart within the 20,637 hectare property.
Upon further review of historical assessment records, additional electromagnetic (EM) conductors were found perpendicular and cross cutting the 225 degree trending CBSZ. It was determined that E-W flight lines would be ideal in locating both conductive trends. Offsets and sudden bends in EM conductors along with abnormally weak or strong conductivity will be prioritized for further follow up.
The Carpenter property was reviewed by the Alpha technical team, and was found prospective based on the following attributes:
- A major regional shear zone with known uranium enrichment – the Cable Bay Shear Zone (CBSZ);
- Presence of conductive graphitic pelites as defined by airborne and ground electromagnetic (EM) surveys, which are confirmed by diamond drilling;
- The historical EM surveys show favourable cross cutting structures disrupting the conductors of the CBSZ;
- Anomalous airborne radiometric signatures for uranium are associated with the CBSZ conductor system, and strongly anomalous uranium values in historical lake sediment results;
- Underexplored area, including several high priority geophysical targets associated with geochemical indicators for uranium mineralization on the Property.
The airborne VTEM and magnetic surveys are anticipated to be completed in 10 to 14 days. Further work in winter 2014 will include sampling for radon in lake water and sediments by RadonEx of St Lazare, Quebec. Additional work for the spring and summer 2014 is being planned to include airborne radiometrics, ground prospecting and geochemical sampling.
About Alpha Exploration Inc.
Alpha Exploration Inc. is a mineral exploration company whose principal focus is the exploration and development of its Mikwam Gold property in Ontario, and 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.
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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
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>