Alpha Exploration Inc. Approves Winter Drill Program at Middle Lake Project, Cluff Lake Area
18.12.2014 | Newsfile
![Alpha Exploration Inc. Approves Winter Drill Program at Middle Lake Project, Cluff Lake Area](https://www.goldseiten.de/media/goldseiten-news.jpg)
The winter program at Middle Lake is planned to include an extension to the ground gravity survey carried out last winter, and approximately 2,500 metres of diamond drilling in up to 25 holes. Mobilization is planned for mid-January, 2015, with ground geophysics expected to begin late in January to better define drill targets. Drilling is scheduled to start in early February and is anticipated to take 4 to 6 weeks to complete. Alpha is currently securing various service and supply contracts for the program.
Further details will be provided in January 2015 when the program commences. Please see the Company’s website at www.alpha-aex.com for property location maps and summary exploration figures for Middle Lake.
About Middle Lake
Middle Lake comprises a total of 2,416 hectares within one mineral disposition. The Property is situated adjacent to the decommissioned Cluff Lake Mine site, where approximately 60 million pounds of uranium were extracted by predecessors of AREVA Resources Canada. Comprehensive historical exploration results, together with the alteration and anomalous uranium mineralization encountered in the 2014 winter drill program have established new targets for drilling for the presence of Cluff Lake-style uranium deposits within the Property.
Middle Lake is a joint venture with Acme Resources Inc. (“Acme”), with Alpha holding an 80 percent working interest and Acme holding a 20 percent carried interest. Please see the Company’s website at www.alpha-aex.com for details of the option agreement. The Property can be accessed by all-weather Highway 955 and connects to a network of historical roads and trails.
About Alpha Exploration Inc.
Alpha is a junior 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 Dr. Michael H. Gunning, PhD, PGeo, , a qualified person.
On behalf of the Board of Directors of Alpha Exploration Inc.
“Michael H. Gunning”
Interim CEO and Chairman
For corporate communications please contact:
Robert (Bob) Meister
Alpha Exploration Inc.
info@alpha-aex.com
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.