The Prospector News

Alpha Minerals Agrees to JV Budget for Patterson Lake South, Athabasca Basin, Drill Program

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article






Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA) and its 50% Joint Venture partner Fission Uranium Corp. are pleased to announce that a $6.95 million summer and fall drill program has been set by the companies for their Patterson Lake South property on the southwest side of Saskatchewan’s Athabasca Basin.

This next drill program will focus on continuing delineation of the three uranium zones discovered to date at Patterson Lake South (Zones R00E, R390E and R780E), as well as testing the highest priority radon anomalies developed from the winter 2013 surveys. The summer drill program will utilize two diamond-core drill rigs and an RC rig and three barges.

The radon survey targets were important in the discovery of the first high-grade step out holes drilled at zones R390E and R780E at Patterson Lake South, which included hole PLS13-038 (Alpha news February 19, 2013). The recently announced radon survey results (Alpha news May 6, 2013), an extension of the previous radon survey by Radonex Ltd. at the Patterson Lake South Property, was highlighted by the confirmation of 11 discrete radon anomalies.

Other additional work during this period will include:

--  Sampling for the purpose of metallurgical testing.
--  A start will be made on establishing an environmental base line study in
    order to have independent data recovered over a sufficient time period
    for future environmental reporting purposes.



Key Technical Information

--  The exploration target at PLS is shallow, high-grade uranium
    mineralization hosted in basement rocks at approximately 50m below
    surface (ie. below glacial till and sediments).

--  Uranium intersected to date is 3.8 to 4.6km to northeast of a uranium
    boulder field discovered at in June 2011. This boulder field is one of
    the largest high-grade uranium boulder fields known in the Athabasca
    Basin district.

--  The PLS area remains highly-prospective both in the immediate area of
    the discovery and over several kilometers along the ENE -WSW strike of
    the Conductor Corridor.


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. Fission is the Operator of the Joint Venture until April 1st 2014. The property is accessible by road with primary access from all-weather Highway 955, which runs 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 nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.

Posted May 21, 2013

Share this news article


Ramon Davila Joins Board of Directors of Vangold Mining

VanGold Mining Corp. (TSX-V:VGLD) (OTC PINK:VGLDF) is pleased to ... READ MORE

May 12, 2021

Vanadium One and Glencore Enjoin to Support Development of the Mont Sorcier Iron and Vanadium Project

Chibougamau Independent Mines Inc. (TSX-V:CBG) (Frankfurt:CLL1) (... READ MORE

May 12, 2021

Apollo Signs Definitive Acquisition Agreement to Create Significant US Pure Silver Exploration and Development Company

Apollo Gold & Silver Corp.  (TSX-V: APGO) is pleased to anno... READ MORE

May 12, 2021

Troilus Expands Western Footprint of J Zone; Intersects 2.12 g/t AuEq Over 13 Metres and 1.10 g/t AuEq Over 68 Meters Within 200 Metres of Surface

Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) reports positive dri... READ MORE

May 12, 2021

Hudbay Announces First Quarter 2021 Results

Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) released its first qua... READ MORE

May 12, 2021

Copyright 2021 The Prospector News