Summary of Uranium Discovery Zones
The discovery zone, R00E, is located on land at the west side of Patterson Lake. To date 26 drill holes have intersected significant mineralization starting at depths of approximately 60 meters below surface. The R390E zone is located 390 meters east of the R00E zone, and is within Patterson Lake at water depths of approximately 4.5 m. Significant mineralization was intersected in 11 drill holes starting at 61.5 to 77.0 m from the bottom of the lake. The R390E zone lies within a radon anomaly of over 240 m length and 120 m of width that is not fully tested by drilling. The R780E zone lies 780 m east of the discovery R00E zone, and is within Patterson Lake at water depths of approximately 6.0 m. The R780E zone is defined by 3 fenced drill holes with significant uranium mineralization intersected at depths starting at 103.0 to 149.0 m from the bottom of the lake. Currently, the zones are considered separated by approximately 300 m. This is because drilling has only tested a limited part of the radon anomaly targets and further drilling is needed to define these areas.
Patterson Lake South Property
The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint Venture held by Alpha Minerals Inc (AMW) and Fission Uranium (FCU). The Joint Venture property is 100% owned with no underlying royalties or vendor payments. Alpha returns as the Operator of the Joint Venture in 2014. The property is accessible by road with primary access from all-weather Highway 955, which runs 74km north to the former Cluff Lake mine, (greater than 60M lbs of U3O8 produced from multiple open pit and underground mines), and passes through the claims covering the UEX-Areva Shea Creek discoveries located 58km to the north, currently under active exploration and development.
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 Minerals Inc, by Garrett Ainsworth, P.Geo., Vice President Exploration, a qualified person.
On behalf of the Board of Directors of Alpha Minerals Inc.
Ben Ainsworth, President, CEO and Director
Please refer to the Alpha Minerals Inc. website (www.alphaminerals.ca) for further and updated information.
Neither the 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 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.
Alpha Minerals Inc.
Robert (Bob) Meister
Toll Free: 1-866-629-0293
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