VANCOUVER, British Columbia, Jan. 27, 2015 (GLOBE NEWSWIRE) -- ALPHA EXPLORATION INC. ("Alpha" or the "Company") (TSX-V:AEX) is pleased to announce that it has been notified by Interconnect Ventures Corporation ("IVC") (TSX.V:IVC) of the results for the recent diamond drill program at the Donna Property ("Donna", or "Property") located in south-central British Columbia.
Discovery Consultants and Dorado Drilling Ltd. carried out a four hole NQ diamond drill program on behalf of Alpha and IVC for a total of 492 metres in December 2014. Drilling was based on targets generated from an induced polarization ("IP") survey carried out on the Property in 2014. (see Alpha news release dated November 26, 2014).
All four drill holes intersected gold mineralization, including 8.72 g/t Au over 2.0 m (See Photo 1,Table 1). Gold mineralization is associated with semi-massive sulphides including pyrite, arsenopyrite, galena and pyrrhotite which occur along the contact between a diorite intrusion and argillite. This newly discovered gold mineralization is 1.5 kilometres west of the area of historic trenching and drilling, and 350 metres west of the 2010 drilling, this expanded delineation of gold increases significantly the potential of the zone.
Photo 1: DDH 14-21
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Table 1: DDH 14-21
|Sample #||From (m)||To (m)||Width (m)||Au (g/t)|
Complete geochemical data from all four drill holes are provided on the Company's website.
All samples were analyzed at Acme Analytical Labs in Vancouver, BC, which is a certified ISO Laboratory (ISO 9001:2000 and ISO 17025:1999). Analytical precision and accuracy were monitored by the use of duplicates, prep and pulp samples, and by standards.
- The Donna Property is located in the source headwaters of the historic Kettle River and Yeoward Creek placer gold camps.
- The property lies within one of the largest clusters of anomalous values in gold and typical associated pathfinder elements identified in the British Columbia Regional Geochemical Surveys stream sediment program carried out in the joint Federal - Provincial programs from 1985 -1990, with a detailed report published in 1991.
Drilling in 2014 tested targets west of the area of historic trenching and drilling, and upslope of the drainage that yielded gold values of >3 ppm Au from a heavy mineral concentrate. Surface work in 2014 defined several IP chargeability anomalies in the area; follow-up drilling targeted select chargeability highs on the flank of the dioritic intrusion, itself defined by a broad resistivity low (Figure 1).
Figure 1: Location of 2014 Drill Holes, Donna Property
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The mineral potential of the Donna Property has increased significantly. The new drill results indicate that the diorite body is larger than previously known, as is the extent of associated gold mineralization along its southwestern margin. Additional High chargeability and low resistivity anomalies along this margin are largely untested and warrant follow-up drilling (see Figure 1).
About Donna Property
The Donna Property is located in the Monashee Mountains in south-central British Columbia, approximately 65 km east of Vernon. The Property is a contiguous block of seven mineral claims covering 2,298 ha. The Property is 100% owned by Alpha and is currently under option to IVC, whereby IVC has the option to acquire a 70% interest in the Property.
Please see the Company's website at http://www.alpha-aex.com for details of the option agreement, property location maps, and summary exploration figures.
About Alpha Exploration Inc.
Alpha is a mineral exploration company focused on uranium in the Athabasca Basin in northern Saskatchewan, Canada. The Company is based in Vancouver and its common shares are listed on the TSX Venture Exchange under the symbol "AEX". Alpha is well financed to actively explore a portfolio of early-stage properties. Technical reports are available on SEDAR (www.sedar.com) for three of the Company's active properties. Alpha continually and proactively reviews opportunities for new properties, whether by staking, joint venture or acquisition.
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 has been reviewed and approved on behalf of the Company by Thomas H. Carpenter, PGeo, of Discovery Consultants, a qualified person.
On behalf of the Board of Directors of Alpha Exploration Inc.
"Dr. Michael H. Gunning"
President & CEO
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.
CONTACT: For corporate communications please contact: Robert (Bob) Meister Alpha Exploration Inc. firstname.lastname@example.org Trading Symbol: TSX-V - AEXSource:Alpha Exploration Inc.