VANCOUVER, British Columbia, July 24, 2014 (GLOBE NEWSWIRE) -- ALPHA EXPLORATION INC. ("Alpha" or the "Company") (TSX-V:AEX) is pleased to announce that its summer exploration program has commenced at the Carpenter Lake Project ("Carpenter Lake", or the "Property") in northern Saskatchewan, Canada. The property is under an option agreement from Noka Resources Inc. (TSX-V:NX). Details of the agreement are on the Company's website. Alpha is the Operator for exploration at 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.
A detailed, low-altitude, airborne gamma spectrometer survey has just been completed over the property by Goldak Airborne Surveys (the "Goldak Survey"). The Goldak Survey has outlined several areas within the Property that show radioactive anomalies attributed to uranium.
A prospecting program has commenced at Carpenter Lake, to follow up on the results of the Goldak Survey, and previously flown V-TEM and magnetometer surveys (see Alpha's news release dated February 3, 2014). Detailed radon-in-soil and soil geochemical surveys will also be done, to enhance targets established from geochemical surveys conducted during the recently completed 2014 winter program (see Alpha's News Release dated May 21, 2014).
The radon-in-water and lake sediment uranium anomalies identified in the winter 2014 surveys are important indicators for locating potential buried uranium mineralization or uranium boulder fields in a "down-ice" direction from potential bedrock sources of uranium. Overall, field work this summer will focus on those areas with the strongest integration of airborne radiometric anomalies, geochemical anomalies and the location of cross-cutting features on regional conductors, as defined by the recent airborne VTEM survey.
About Alpha Exploration Inc.
Alpha is a mineral exploration company whose principals were involved in the discovery and development of world-class uranium deposits in northern Saskatchewan, Canada, namely the Roughrider and the Patterson Lake South deposits. The Company began in late 2013 as a spin-out from the takeover of Alpha Minerals Inc. by Fission Uranium Corp. with its main focus on the exploration and development of its Mikwam Gold Property in Ontario, Canada, and that focus has shifted to the exploration of Saskatchewan uranium properties. Discovery Consultants of Vernon, BC have been engaged by Alpha to manage current programs, bringing depth to the Company with their broad experience in uranium and gold exploration.
Common Shares of Alpha 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 and confirmed on behalf of Alpha Exploration Inc. by Ben Ainsworth, P.Eng., SK., 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
Source:Alpha Exploration Inc.