Alpha Minerals Inc.: Clarification to Headline
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/25/13 -- Alpha Minerals Inc. (TSX VENTURE: AMW) ("Alpha" or "the Company") would like to clarify the headline on the February 25th, 2013 new release should read "ALPHA EXPANDS DISCOVERY ZONE TO 50M WIDE WITH 4 STEP-OUT HOLES HITTING "OFF-SCALE" RADIOACTIVITY".
The company published the headline "Alpha Expands Discovery Zone To 50m Wide With 5 Step-Out Holes Hitting "OFF-SCALE" Radioactivity" when the number of step-out holes should have read 4 (Four). The discrepancy was due to drill hole PLS13-028, on Line 090E, on the lake, which was drilled 90 meters east of the November discovery area, showing a high counts per second (cps) reading with the down-hole probe but no "off-scale" cps with the handheld scintillometer.
It is believed that the "off-scale" mineralization in that section of drill core was ground up and uranium mineralization was not recovered into the core barrel. This is not an uncommon occurrence when drilling friable or soft mineralization. Because the down hole probe measures a much larger volume of the rock (the gamma radiation due to the mineralization can pass through several inches of the rock surrounding the drill rods), this allows a high reading from the down-hole probe that cannot be measured in the drill core by the handheld scintillometer.
For accuracy and for consistency with our joint venture partner, Alpha Minerals amends its Headline to read "Alpha Expands Discovery Zone To 50m Wide With 4 Step-Out Holes Hitting "OFF-SCALE" Radioactivity".
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.
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.
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.
Contacts:
Alpha Minerals Inc.
Robert (Bob) Meister
(604) 629-0293 OR Toll Free: 1-866-629-0293
info@alphaminerals.ca
www.alphaminerals.ca
