Athabasca Potach Inc.

Published : June 24th, 2013

Alpha Minerals Gold Assays and Important Geochemical Data from PLS Uranium Project=2C Athabasca Basi

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Keywords :   Boron | Canada | Gold | Market | Report | Uranium |
Gold At Patterson Lake South:
PLS13-066:    63.5m @ 1.58 g/t Au
  • including 2.5m @ 8.8 g/t Au
  •       Including an assay of 0.5m @ 35.6 g/t Au
  • Including 2.0m (133.0m � 135.0m) @ 7.5 g/t Au
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Alpha Minerals Gold Assays and Important Geochemical Data from PLS Uranium Project, Athabasca Basin
Monday June 24, 2013. Alpha Minerals Inc. ("Alpha� or "the Company") (TSX.V: AMW) and its 50% Joint Venture partner Fission Uranium Corp. are pleased to report geochemical and gold assay results from the winter 2013 drill program at their Patterson Lake South ("PLS") property � which is host to a high grade uranium discovery. All three zones (R00E, R390E and R780E) had drill holes with strongly anomalous gold values. There is some correlation of uranium values and gold assays and the higher grade gold reported by SRC Geoanalytical Laboratories data occur more frequently with the samples of higher-grade uranium mineralization.
 
Other geochemical data showed low arsenic values associated with the uranium mineralization represented in the set of 117 composited assay intervals reported in this news release (Tables 1, 2, and 3). This has important metallurgical significance as it indicates that the PLS mineralized zones are not likely to have the high arsenic concentrations found in some Athabasca uranium deposits. High arsenic may require special processing and disposal costs. Approximately 87.2% of the samples returned less than 50 ppm arsenic. Of the 12.8% of the remaining samples, all fell within the range of 50-105 ppm arsenic.
 
Of significance for the further exploration of the PLS mineralization, this data set also flags the strongly anomalous boron associated with uranium mineralization. Approximately 70.9% of the composited assay intervals show values of over 150 ppm boron, which is typically related to the hydrothermal alteration that is present within and surrounding the uranium mineralization. The extent of the alteration halo around the mineralization can enlarge the target area and be used as a guide to focus on an area in a suitable geophysical setting, especially if elevated geochemical uranium values are associated with this alteration. Several such targets remain on the PLS property yet to be drill tested, particularly west of the R00E zone along the PL-3B EM conductor.
 
Gold has been reported elsewhere in the Athabasca Basin uranium deposits. At the Cluff Lake Mine (>60 million lbs produced), located 74 kms north of PLS, a gold saving circuit was installed during the operation of the mill. The Saskatchewan Mineral Deposit Index (reports 1150A and 2153) shows Cluff Lake deposits yielded over 16,000 ounces of gold produced in 1987 from the D Zone and Dominique-Janine deposits.  UEX Corporation reported that, locally, high grades of gold are present in the Shea Creek deposits, located 58 kms north of PLS.
 
The strongest gold-bearing intersection was returned from hole PLS13-066, the eastern-most hole drilled on the R390E zone, with an overall grade of 1.58 g/t Au over 63.5m, and including several higher grade intervals (including an assay high of 35.6 g/t Au). Typically gold distribution in the Athabasca uranium deposits is irregular and may be a contributor only if higher grade mineralization is associated with a mineable volume of a uranium deposit. At today�s gold price of about $1,200 per oz, a gram of gold has a gross value of about $38.58 before mining, refining and other costs. This is approximately equivalent to the gross price of a pound of uranium in today�s spot market.
 
Gold Assay Highlights
 
Zone R00E
PLS13-059 (line 030E)
  • 20.5m (65.5m � 86.0m) @ 1.90 g/t Au
Zone R390E
PLS13-066 (line 420E)
  • 63.5m (82.0m � 145.5m) @ 1.58 g/t Au
  • Including 2.5m (88.0m � 90.5m) @ 8.8 g/t Au
  •      Including an assay of 0.5m @ 35.6 g/t Au
  • Including 2.0m (133.0m � 135.0m) @ 7.5 g/t Au
PLS13-051 (line 405E)
  • 53.0m (95.0m � 148.0m) @ 1.02 g/t Au
  • Including 10.5m (107.5m � 118.0m) @ 2.60 g/t Au
Zone R780E
PLS13-060 (line 780E)
  • 7.0m (144.0 m � 151.0m) @ 1.71 g/t Au
  • Including 2.5m (146.5m � 149.0m) @ 4.48 g/t Au
 
Tables 1, 2, and 3 highlight composited gold intersections as they relate to the composited uranium intervals within zones R00E, R390E and R780E.  Note that a concentration of 1000 ppb is equivalent to 1.0 g/t Au.
 
Table 1:  R00E Zone

Zone Hole ID Grid Line   From
  (m)
    To
   (m)
   Interval
     (m)
U3O8 (wt%)   Au  
 (ppb)
    As
 (ppm)
    B 
(ppm)
R00E PLS13-026 025W 63.00 84.50 21.50 0.77 75 12 1096
      73.50 81.50 8.00 1.41 159 13 524
      88.50 89.50 1.00 0.13 5 22 204
  PLS13-027 025W 61.00 98.50 37.50 1.06 100 20 477
      78.00 91.00 13.00 1.97 60 27 619
      106.00 106.50 0.50 0.06 1 12 138
      144.50 145.00 0.50 0.19 14 11 64
  PLS13-028 090E 48.50 52.50 4.00 0.16 16 62 405
  PLS13-029 025W 63.00 93.00 30.00 0.76 20 25 755
      81.50 85.00 3.50 3.57 72 62 732
      88.50 92.00 3.50 2.08 18 53 706
  PLS13-030 090E No significant mineralization
  PLS13-031 025W 68.50 92.00 23.50 0.67 14 17 405
      82.50 90.00 7.50 1.58 24 33 458
  PLS13-032 090E 49.00 50.50 1.50 0.05 5 32 171
  PLS13-033 025W 70.00 72.00 2.00 0.17 4 9 148
      77.00 77.50 0.50 0.06 11 34 282
      86.00 87.50 1.50 0.15 5 15 156
      92.00 93.00 1.00 0.09 2 7 131
  PLS13-034 105E No significant mineralization
  PLS13-035 010W 62.00 71.50 9.50 0.39 15 13 316
      78.00 86.50 8.50 0.96 21 13 489
      81.00 85.50 4.50 1.57 24 11 443
      121.50 122.00 0.50 0.07 49 8 95
  PLS13-036 105E No significant mineralization
  PLS13-037 025W 60.00 62.00 2.00 0.12 4 30 117
      71.00 78.50 7.50 2.25 744 23 433
      74.00 76.00 2.00 7.43 1144 29 621
      83.50 87.50 4.00 0.09 3043 8 62
      105.00 107.00 2.00 6.31 1124 62 257
      109.50 110.00 0.50 0.10 167 5 11
      113.50 116.00 2.50 0.13 103 6 38
      119.00 122.50 3.50 7.27 839 81 252
      120.00 122.00 2.00 12.40 1416 117 371
      124.50 125.00 0.50 0.06 31 7 125
      130.00 130.50 0.50 0.06 10 7 83
      180.00 180.50 0.50 0.07 207 3 85
  PLS13-039 045W 75.50 76.00 0.50 0.06 5 2 634
      125.50 128.50 3.00 0.10 91 6 138
      161.50 162.00 0.50 0.12 1030 7 115
      223.00 223.50 0.50 0.05 623 83 62
      224.00 224.50 0.50 0.07 22 20 163
  PLS13-041 040W 63.50 68.50 5.00 0.13 25 24 502
      75.00 88.50 13.50 5.54 161 38 592
      83.50 87.00 3.50 17.08 538 72 626
  PLS13-043 045W 63.50 65.00 1.50 0.99 269 60 269
      67.50 89.50 22.00 4.80 144 14 594
      83.50 87.50 4.00 20.73 69 31 613
  PLS13-045 045W 64.00 85.00 21.00 0.23 20 13 251
      88.00 89.00 1.00 0.07 2 11 78
  PLS13-047 060W 64.50 68.00 3.50 0.18 101 16 2991
      105.00 105.50 0.50 0.12 55 11 78
  PLS13-049 060W 64.50 83.00 18.50 1.93 198 14 626
      70.00 72.50 2.50 8.04 1068 42 616
  PLS13-050 060W 63.50 65.00 1.50 0.07 4 14 165
  PLS13-052 015E 62.00 72.50 10.50 0.87 197 38 475
      62.50 66.00 3.50 2.01 87 81 798
      75.50 93.50 18.00 3.56 106 56 528
      84.00 88.50 4.50 11.95 124 172 624
  PLS13-054 015E 68.00 79.50 11.50 0.28 405 9 401
  PLS13-056 015E 62.50 71.50 9.00 0.16 28 12 329
  PLS13 -058 010W 63.50 67.50 4.00 0.11 10 26 86
      70.50 87.50 17.00 0.18 9 8 260
  PLS13-059 030E 55.50 62.00 6.50 3.61 580 58 433
      56.50 59.00 2.50 8.99 500 75 603
      65.50 86.00 20.50 8.36 1900 50 518
      74.50 84.00 9.50 17.78 2338 86 661
  PLS13-065 060E 51.00 53.50 2.50 0.12 3 10 995
  PLS13-067 045E 50.50 52.00 1.50 0.09 2 18 106
      61.50 67.50 6.00 4.63 49 46 615
      63.50 67.50 4.00 6.86 57 64 726
      110.00 110.50 0.50 0.05 19 2 33
  PLS13-069 045E 52.00 54.00 2.00 0.29 22 25 441
      57.50 58.00 0.50 0.05 12 4 356
      95.00 95.50 0.50 0.05 10 30 39
      100.50 101.50 1.00 0.06 9 7 207
  PLS13-071 045E No significant mineralization
                       
Composite Parameters
  1. Minimum Thickness: 0.50m
  2. Grade Cut-Off: 0.05 U3O8 (wt%)
  3. Maximum Internal Dilution: 2.00m
  4. Interval based on U3O8 cut-off.  No cut-off used for gold (Au).
 
Table 2:  R390E Zone

Zone Hole ID Grid Line   From
   (m)
   To
   (m)
  Interval
     (m)
 U3O8
(wt%)
  Au    
(ppb)
 As      (ppm)   B        (ppm)
R390E PLS13-038 380E 73.50 74.50 1.00 0.01 6 4 720
      79.50 80.00 0.50 0.05 0 4 863
      87.00 121.00 34.00 4.99 446 52 592
      94.50 107.00 12.50 9.32 1045 75 465
      126.50 144.00 17.50 0.96 1213 36 427
      133.00 138.50 5.50 2.07 1559 57 463
      165.00 168.00 3.00 0.09 79 10 127
      170.50 171.00 0.50 0.15 56 9 171
      174.00 181.00 7.00 0.15 94 25 143
  PLS13-044 390E 56.00 73.00 17.00 0.24 21 9 874
      60.00 61.00 1.00 1.24 6 11 1158
      77.00 83.00 6.00 0.32 31 19 467
      86.00 89.50 3.50 0.38 308 13 337
      96.50 103.50 7.00 0.46 317 11 461
      101.00 102.50 1.50 1.36 825 20 827
  PLS13-046 390E 96.50 98.00 1.50 0.13 4 4 73
      127.50 129.00 1.50 0.04 6 1 103
      206.50 207.50 1.00 0.15 391 49 179
      239.00 240.00 1.00 0.14 244 7 116
      243.50 244.00 0.50 0.16 191 105 271
  PLS13-051 405E 76.00 77.00 1.00 0.10 8 94 758
      79.50 80.00 0.50 0.06 12 16 346
      95.00 148.00 53.00 6.57 1016 53 701
      107.50 118.00 10.50 29.26 2603 147 456
      157.00 159.50 2.50 0.10 205 24 180
  PLS13-053 375E 66.00 115.50 49.50 6.26 556 63 672
      98.50 104.50 6.00 35.00 3231 170 383
      120.00 136.50 16.50 2.63 1510 27 487
      130.00 133.00 3.00 13.19 7228 80 500
      145.00 145.50 0.50 0.14 10 14 152
      160.50 161.00 0.50 0.09 35 31 57
      191.50 192.00 0.50 0.07 57 5 98
      218.50 219.50 1.00 0.07 171 3 163
  PLS13-061 360E 77.00 98.00 21.00 0.26 602 23 633
      92.50 97.50 5.00 0.75 1946 62 866
      102.50 103.50 1.00 0.25 206 13 876
      110.00 133.50 23.50 1.39 1592 26 731
      126.00 132.00 6.00 4.34 3292 69 601
      137.50 140.00 2.50 1.17 1313 46 376
  PLS13-062 375E 51.00 55.00 4.00 0.36 15 51 704
      86.00 98.50 12.50 0.19 357 10 697
  PLS13-064 405E 83.50 84.50 1.00 0.29 104 26 173
      90.50 91.50 1.00 0.11 4 15 108
      95.00 96.00 1.00 0.06 709 21 207
      110.50 121.00 10.50 0.08 456 6 1769
      125.50 136.00 10.50 0.43 616 38 693
      130.00 132.00 2.00 1.37 2594 77 710
  PLS13-066 420E 82.00 145.50 63.50 1.15 1580 32 812
      88.00 90.50 2.50 4.50 8836 75 432
      101.00 107.50 6.50 2.60 1148 41 802
      122.00 124.00 2.00 2.14 6481 37 538
      133.00 135.00 2.00 9.51 7485 92 409
  PLS13-068 390E 96.00 111.00 15.00 0.26 32 11 698
      116.00 117.00 1.00 0.10 11 12 227
  PLS13-070 390E 85.50 89.00 3.50 0.13 13 68 531
Composite Parameters
  1. Minimum Thickness: 0.50m
  2. Grade Cut-Off: 0.05 U3O8 (wt%)
  3. Maximum Internal Dilution: 2.00m
  4. Interval based on U3O8 cut-off.  No cut-off used for gold (Au).
 
Table 3:  R780E Zone

Zone Hole ID Grid Line    From
    (m)
    To
   (m)
  Interval
    (m)
 U3O8
(wt%)
  Au 
(ppb)
  As    (ppm)  B      (ppm)
R780E PLS13-048 780E 155.00 164.50 9.50 0.08 16 5 284
      167.00 173.50 6.50 0.18 9 7 173
      176.00 177.00 1.00 0.07 117 8 86
  PLS13-055 780E 109.50 114.00 4.50 0.40 692 4 394
      117.00 118.00 1.00 0.15 32 6 48
      141.50 145.50 4.00 0.40 563 13 894
      166.00 176.00 10.00 0.57 265 8 263
      173.50 176.00 2.50 1.87 704 15 546
      192.00 192.50 0.50 0.39 1090 18 581
  PLS13-060 780E 133.50 141.00 7.50 0.18 76 7 479
      144.00 151.00 7.00 1.22 1708 12 670
      146.50 149.00 2.50 3.00 4478 31 1058
      154.00 156.50 2.50 0.13 6 3 168
      159.50 175.00 15.50 0.20 51 5 261
      183.00 189.50 6.50 0.39 275 10 272
      193.50 196.50 3.00 0.14 88 1 245
      203.50 209.00 5.50 0.36 247 7 501
      212.00 217.00 5.00 0.36 628 10 353
      221.00 226.50 5.50 0.13 141 5 70
      247.50 248.00 0.50 0.20 65 13 54
      257.50 258.00 0.50 0.38 331 7 136
Composite Parameters
  1. Minimum Thickness: 0.50m
  2. Grade Cut-Off: 0.05 U3O8 (wt%)
  3. Maximum Internal Dilution: 2.00m
  4. Interval based on U3O8 cut-off.  No cut-off used for gold (Au).
 
All depth measurements reported, including sample and interval widths are down-hole, core interval measurements and true thickness are yet to be determined.
 
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, (>60M lbs of U3O8 produced from multiple open pit and underground mines), and passes through the nearby UEX-Areva Shea Creek discoveries located 58km to the north, currently under active exploration and development.
 
Garrett Ainsworth, P.Geo., Vice President Exploration is the Qualified Person as defined by National Instrument 43-101 who was project manager of the winter 2013 work program at Patterson Lake South.  The technical information in this news release has been prepared in accordance with National Instrument 43-101 and reviewed on behalf of Alpha Minerals Inc., by Ben Ainsworth, P.Eng., a Qualified Person.
 
On behalf of the Board of Directors of Alpha Minerals Inc. 
 
�Ben Ainsworth�                
President, CEO and Director
 
For corporate communications please contact:
 
                   Robert (Bob) Meister
                   Alpha Minerals Inc.
                   Vancouver, BC
                   Phone: (604) 629-0293
                   Toll Free: 1-866-629-0293
                     Email: info@alphaminerals.ca
 
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.

 
Copyright � 2013 Alpha Minerals Inc, All rights reserved.
Thank you for your interest and support in Alpha Minerals Inc. (TSX.V : AMW).. All of our email recipients are opt-in/registered people who have requested further information about Alpha Minerals (formerly ESO Uranium) either from our website or through Resource Investing News.
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Athabasca Potach Inc.

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Athabasca is a exploration company based in Canada.

Athabasca holds various exploration projects in Canada.

Its main exploration property is THE BURR PROJECT in Canada.

Athabasca is listed in Canada. Its market capitalisation is CA$ 315.8 millions as of today (US$ 309.2 millions, € 231.9 millions).

Its stock quote reached its highest recent level on May 16, 2008 at CA$ 9.47, and its lowest recent point on December 24, 2008 at CA$ 0.75.

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1/14/2014ALPHA =E2?? NOKA SIGN OPTION AGREEMENT FOR CARPENTER LAKE UR...
12/5/2013Well Known Athabasca Basin Geologist Joins Makena
11/27/2013Alpha Minerals JV Reports Recently Discovered R600W Zone Exp...
11/12/2013Alpha Minerals JV Reports 16.8m Total Composite Mineralizati...
11/4/2013Alpha Minerals JV Reports New Land Discovery Hole Located 52...
10/15/2013Skyharbour Leads Syndicate Uranium Group into Largest Ground...
10/10/2013Western Athabasca Syndicate Identifies Uranium Anomalies at ...
9/27/2013Alpha Minerals JV has Strike Length Extension of the R390E Z...
9/24/2013Noka Resources (NX:TSX-V) Provides Exploration Update on its...
9/16/2013Uranium and the Athabasca Basin
8/15/2013Alpha JV Drills 3rd Radon Zone at PLS and Expands Mineralize...
8/15/2013Alpha Discovers Fourth Zone at PLS to Expand Mineralized Str...
8/9/2013Special: Uranium and the Athabasca Basin
8/8/2013Alpha JV Drilling Extends Mineralization at R00E Zone=2C Pat...
8/8/2013Western Athabasca Syndicate Completes VTEM and Radiometric S...
8/8/2013Western Athabasca Syndicate Completes VTEM and Radiometric S...
8/8/2013Alpha JV Drilling extends Mineralization at R00E Zone=2C Pat...
7/29/2013Significant results in the Athabasca Basin
7/23/2013Western Athabasca Syndicate Extends VTEM Plus Geophysical Co...
7/19/2013“Off-Scale” Radioactivity at Patterson Lake South, Athabasca...
6/24/2013Alpha Minerals Gold Assays and Important Geochemical Data fr...
6/5/2013Alpha Minerals Reports Remaining Assays on R00E=2C R390E and...
5/21/2013Alpha Minerals Agrees to JV Budget for Patterson Lake South=...
5/13/2013Basin Updated: A Review of Saskatchewan Uranium Activity
5/6/2013Alpha Minerals: Radon Survey Confirms 11 Discrete Radon Anom...
5/6/2013Alpha Minerals=3A Radon Survey Confirms 11 Discrete Radon An...
4/11/2013Tad Acquires North Patterson Lake Athabasca Basin Uranium Pr...
4/3/2013Alpha Minerals Extends Strike of R390E Zone to 60 m at Patte...
4/1/2013Alpha Minerals Extends Off=2DScale Radioactivity at R780E Zo...
3/27/2013International Enexco Reports on the Mann Lake Uranium Projec...
3/20/2013Skyharbour Acquires Significant U3O8 Land-Package in Patters...
1/31/2013Mid-Day Breaking News From Alpha Minerals, Intertainment, Ca...
4/23/2012Got Uranium? Looming Supply Crunch & Junior Activity Heat Up...
10/13/2011Mid-Day Breaking News From Pacific North West, Canada Rare E...
8/3/2011Basin Exploration Update - August 1, 2011Recieved:
10/1/2009Potash Announces Resignation of Chief Executive Officer
9/4/2009Shareholders Elect the Alternative Board of Directors
9/1/2009Independent Leading Proxy Advisory Firm Recommends in Favour...
8/28/2009Shareholders should not hand control to former CEO Zhou slat...
7/6/2009Annual Meeting Date of September 3, 2009
6/26/2009Termination of President and Establishment of Special Execut...
5/29/2009Updated Potash Resource Estimate for the Burr Project
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