Alpha Gold's Results of 2010 Exploration Programs
03 Februar 2011 - 8:52PM
PR Newswire (Canada)
COQUITLAM, BC, Feb. 3 /CNW/ -- COQUITLAM, BC, Feb. 3 /CNW/ - Alpha
Gold Corporation (TSX-V: ALQ) ("Alpha Gold" or the "Company") today
announced the assay results from the 2010 Diamond Drill and
Historical Core Sampling Program on the Company's 100%-owned
Lustdust Property, located in north-central British Columbia. The
2010 exploration program began in July of 2010 and embodied three
objectives: 1. Infill drilling program on the Canyon Creek Skarn
Extension Zone ("CCS Extension Zone"): to enhance the continuity of
the geological and mineralogical modelling of the skarn for the
purpose of possibly adding to the current NI 43-101 compliant
resource estimate (as announced June 2010); 2. Re-log and re-sample
1992 and 1993 drill core program: to add to the QA/QC of a future
4B Zone addition to the resource estimate and to obtain a better
understanding of the rocks and the style of mineralization; 3.
Field sampling program: to obtain samples for areas of geological
interest for the first time from some areas across the property
that have never been sampled. "The majority of the drilling during
the 2010 exploration successfully brought together some continuity
of the existing model," explains Anastasia Ledwon, Alpha Gold's
Qualified Person, as defined by National Instrument 43-101, for the
Lustdust Project. "The results do not indicate additions to the CCS
Extension Zone nor the existing NI 43-101 compliant resource
estimate of the Canyon Creek Skarn Deposit at this point; however,
the 4B zone warrants further interpretation and geological
analysis." Six target regions within the central area of the
property have been identified since 1991. Individually, these zones
lie discontinuously along a NW to NNW attitude but appear to
suggest the potential of all zones being part of a larger system
approximately six km in strike length, with varying widths along
its length and unknown depth. No drill hole to date has tested the
system at depth. Infill Drilling Program: The Infill Drilling
Program was designed to infill areas of the 2004 Canyon Creek Skarn
Extension drill program to improve the geologic model. The drilling
was also planned to follow significant geochemical soil anomalies
and explore the apparent NW plunge of the CCS Deposit.
Fourteen (14) drill holes, totalling 3986.7m, were drilled in the
CCS Extension Zone as follows:
_________________________________________________________________________________
| | | | | | | |Interval| | | | | Hole | GPS | GPS | | |From |
|length | | Au | Ag | |Description|Easting|Northing|Azi-muth|Dip|
(m) |To (m)| (m) |Cu %| g/t | g/t |
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-01 |346895 |6162061 | 0|-90| No significant assay results|
|___________|_______|________|________|___|_______________________________________|
| LD2010-02 |346895 |6162061 | 332|-83| 40| 42| 2| 0.4| 0.55| nil|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-03 |346908 |6162387 | 78|-53| 72| 74| 2|0.69| 2.02| 18.7|
| | | | | |______|______|________|____|_____|_____| | | | | | |
105| 107| 2| nil| 0.53| nil| | | | | |
|______|______|________|____|_____|_____| | | | | | | 117| 119| 2|
nil| 1.19| nil|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-04 |346585 |6163003 | 300|-60| No significant assay
results|
|___________|_______|________|________|___|_______________________________________|
| LD2010-05 |346583 |6163010 | 263|-47| 104| 108|
4|0.39|0.689|23.25|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-06 |346632 |6162980 | 82|-55| No significant assay
results|
|___________|_______|________|________|___|_______________________________________|
| LD2010-07 |346746 |6162832 | 82|-55| No significant assay
results|
|___________|_______|________|________|___|_______________________________________|
| LD2010-08 |346806 |6162700 | 84|-58|179.17|186.95| 7.78| nil|
2.33| nil| | | | | | |______|______|________|____|_____|_____| | |
| | | | 222| 224| 2|0.25| nil| 46.1| | | | | |
|______|______|________|____|_____|_____| | | | | | | 238| 242|
4|0.25| 5.36| nil|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-09 |346846 |6162632 | 85|-65| No significant assay
results|
|___________|_______|________|________|___|_______________________________________|
| LD2010-10 |346932 |6162581 | 85|-65| 68| 76| 8| 0.1| 1.65| nil| |
| | | | |______|______|________|____|_____|_____| | | | | | | 108|
110| 2| nil| 2.99| 20.5|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-11 |347010 |6162149 | 82|-50| 20| 22.12| 2.12|0.44| 0.11|
13.1|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-12 |347010 |6162149 | 82|-70| 31| 34.1| 3.1|0.92|
0.39|26.77| | | | | | |______|______|________|____|_____|_____| | |
| | | |129.27| 138| 8.73|1.56| 1.23|39.65| | | |
|________|___|______|______|________|____|_____|_____| | | | |
including | 137| 138| 1| 6.7| 3.6| 180|
|___________|_______|________|____________|______|______|________|____|_____|_____|
| LD2010-13 |347010 |6162149 | 110|-65| 26.57| 33.4| 6.83| 2|
1.02|52.35|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
| LD2010-14 |347010 |6162149 | 88|-70| 28.96| 33.38|
4.42|1.39|0.394|36.81| | | | | |
|______|______|________|____|_____|_____| | | | | | | 144| 146|
2|0.09| 5.16| 33.6|
|___________|_______|________|________|___|______|______|________|____|_____|_____|
-- Drill holes LD2010-01 and LD2010-02 were both deep target drill
holes testing an apparent NW plunge to the mineralized system of
the Canyon Creek Skarn Deposit ("CCSD"). The area drilled (Figure
2) represents the northernmost boundary of the CCSD and the
beginning of the CCS Extension. Neither drill hole was successful
in discovering continued mineralization to depth. Both drill holes
encountered significant intercepts of barren skarn. -- Drill hole
LD2010-03 was an infill target but also tested a small magnetic low
anomaly similar to the magnetic low anomalies drilled in the CCSD.
The infill drill hole was successful and intersected mineralization
between 72 - 119m. The predicted target depth for mineralization in
agreement with the current mineralization model was between 75-
95m. -- Drill holes LD2010-04 and LD2010-05 targeted the
northernmost region of the extension zone and as well as adding to
the continuity of the current model, these two drillholes
specifically targeted the large Cu/Au geo-chemical soil anomaly
discovered in 2005. Both holes encountered an abundance of angular
to subangular, carbonate-rich, volcaniclastic intercalated with
siliceous phyllite and cut by proximal dyking. Neither hole showed
any significant visual mineralization and only LD2010-05
intersected four (4) metres of moderate mineralization. --
LD2010-06 to LD2010-10 were all pre-determined, infill drill holes
designed to add to the continuity of the model. Holes 06, 07 and 09
exhibited no significant assay results; however, holes 08 and 10
both illustrated corridors of coincident gold values. -- Drill
holes LD2010-11 to LD2010-14 targeted the strongly mineralized
outcrop to the immediate NE of drill holes LD2010-01 and LD2010-02.
This outcrop has an apparent, but not interpreted, coincident
strike to that of the CCS Deposit. In 1999, the outcrop was drilled
from two separate locations with two angled drill holes per pad.
These 1999 drill holes only tested the outcrop to depths of 70.40m.
The 2010 drilling was designed to act, in part, as re-drills to
obtain downhole survey data as well as infill drill and test the
mineralization to depth as interpretations of the current model
suggest the zone is indeed an extension of the CCSD. All four drill
holes successfully encountered mineralized corridors but LD2010-12
showed the greatest potential for a near surface pocket of
considerable grade as it intersected 8.73 metres of 1.56% Cu, 1.23
g/t Au and 39.65 g/t Ag between 129.27 - 138.00m. The final metre
drilled, 137 - 138m EOH, graded 6.7 Cu%, 3.6 g/t Au and 180 g/t Ag.
-- Drill holes LD2010-08 and LD2010-10 did match up well with some
of the 2004 CCS extension zone drilling; however, the
interpretation here is of a short, discontinuous lens of moderate
gold and copper values. Drill holes LD2010-12, 13 and 14, on the
other hand, were discovered to have higher grades of copper and
gold at moderate depths (~120m vertical depth from surface).
LD2010-10 had to be shut down while in strong chalcopyrite
mineralization so the true depth and/or width and the significance
of this mineralization remain uncertain. Re-log and Re-Sample
Program: The re-logging and re-sampling program was conducted on
the recently-found 1992 and 1993 4B Zone drill core. The drill core
was located at the 5km mark along the main access road leading to
the 4B zone. It was neatly stacked on a levelled grassy field in
the middle of the 4B zone drilling area. The boxes were uncovered
and exposed to the elements for almost 20 years. Seven (7) 1992
drill holes were located in good and workable shape, quick logged,
and re-sampled (samples were taken in historical sample locations
with the remaining half core removed from the core box and sent to
the assay lab (this was performed with the intent of comparing the
assay results from 1992-1993 to today), and seventeen (17) 1993
drill holes were located, re-logged and re-sampled. 1992 and
1993 re-sample assay results 2010 are listed below:
_____________________________________________________________________
| | | |Interval| | | | | | |Hole | | |length | Year | | | | |
|Description|From (m)|To (m)| (m) |Drilled|Cu %|Au g/t|Ag g/t|Zn %
|
|___________|________|______|________|_______|____|______|______|_____|
| | 20.10| 21.30| 1.20|2010 |0.12| 1.175| | | |LD1992-23 | | |
|_______|____|______|______|_____| | | | | |1992-93| NA| NA| | |
|___________|________|______|________|_______|____|______|______|_____|
| | 26.20| 27.90| 1.70|2010 |0.05| 1.15| 36.7| | |LD1992-26 | | |
|_______|____|______|______|_____| | | | | |1992-93| NA| NA| NA| |
|___________|________|______|________|_______|____|______|______|_____|
| | 32.40| 34.00| 1.60|2010 |0.19| 0.167| 14.9| | | | | |
|_______|____|______|______|_____| | | | | |1992-93|0.14| NA| 3.6|
| |LD1992-32
|________|______|________|_______|____|______|______|_____| | | |
35.60| 1.60|2010 |0.21| 0.642| 31.8| | | | 34.00| |
|_______|____|______|______|_____| | | | | |1992-93|0.15| NA| 16.8|
|
|___________|________|______|________|_______|____|______|______|_____|
| | 30.20| 31.30| 1.10|2010 | 0.2| 1.19| 31| | |LD1992-34 | | |
|_______|____|______|______|_____| | | | | |1992-93|0.15| NA| 15.9|
|
|___________|________|______|________|_______|____|______|______|_____|
| | 29.53| 30.09| 0.56|2010 | .09| 0.294| 89.8| 22.1| |LD1993-01 |
| | |_______|____|______|______|_____| | | | | |1992-93| NA| 0.278|
50| NA|
|___________|________|______|________|_______|____|______|______|_____|
| | 9.80| 10.15| 0.35|2010 |0.09| 0.317| 10.1|13.15| | | | |
|_______|____|______|______|_____| | | | | |1992-93|0.09| 0.377|
9.4| 2| |
|________|______|________|_______|____|______|______|_____| | | |
13.50| 0.50|2010 |0.06| 0.223| 4.4| | | | 13.00| |
|_______|____|______|______|_____| | | | | |1992-93|0.04| 0.225|
0.9| | |
|________|______|________|_______|____|______|______|_____| | | |
16.15| 1.52|2010 |0.23| 8.25| 43.9| 17.3| |LD1993-14 | 14.63| |
|_______|____|______|______|_____| | | | | |1992-93|0.12| 6.143|
22.4| 2| |
|________|______|________|_______|____|______|______|_____| | | |
16.60| 0.45|2010 |0.39| 0.36| 10.8| | | | 16.15| |
|_______|____|______|______|_____| | | | | |1992-93|0.22| 0.349|
4.6| | |
|________|______|________|_______|____|______|______|_____| | | |
17.00| 0.40|2010 |0.42| 0.69| 79|13.65| | | 16.60| |
|_______|____|______|______|_____| | | | | |1992-93|0.23| 0.981|
50| 2|
|___________|________|______|________|_______|____|______|______|_____|
| | 40.05| 41.85| 1.80|2010 |0.05| 0.342| 9.2| | | | | |
|_______|____|______|______|_____| |LD1993-15 | | | |1992-93|0.03|
0.414| 6| |
|___________|________|______|________|_______|____|______|______|_____|
| | 41.30| 41.90| 0.60|2010 |0.03| 0.37| 59.7|15.95| | | | |
|_______|____|______|______|_____| |LD1993-16 | | | |1992-93|0.02|
0.216| 37| 2|
|___________|________|______|________|_______|____|______|______|_____|
Field Sampling Program: The third and final stage of the 2010
exploration program was to handpick selected areas across the
Lustdust Property that had not been sampled in years past. Sample
and sample location criteria were based on visual presence of
considerable alteration and/or mineralization and proximity to
existing zones or strike direction. In total, 41 samples, rock and
soil, were taken across the property where accessible by road.
Significant assay results from the field samples are listed in the
table below:
_____________________________________________________________________
| 2010 Field Samples - Significant Assay results |
|_____________________________________________________________________|
|Sample| Au| Ag| Cu|Pb ppm|Zn ppm|Ag ppm|Au g/t|Ag g/t| Zn %| Pb %|
| #| ppm| ppm| ppm| | | | | | | |
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55453| 4.76| 138| 710| 21200| 29900| 138| 4.76| 138| 2.99| 2.12|
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55457|0.797|88.7| 671| 1395| 6570| | 0.797| 88.7| | |
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55459|0.767|13.9| 551| 907| 12650| | 0.767| 13.9|1.265| |
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55463|0.311| 6.7| 416| 12| 49| | 0.311| 6.7| | |
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55475| 9.48| 670| 378| 28700| 9500| 670| 9.48| 670| | 2.87|
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55476| 5.79| 595| 291| 13600| 14550| 595| 5.79| 595|1.455| 1.36|
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55477| 1.28| 116| 94| 7290| 4350| 116| 1.28| 116| | |
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55479| 3.42|54.1| 17| 6610| 254| | 3.42| 54.1| | |
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55480| 5.16|1420|2010| 62800| 39800| 1420| 5.16| 1420| 3.98|
6.28|
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55482| 6.25| 150| 522| 17650| 28100| 150| 6.25| 150| 2.81|1.765|
|______|_____|____|____|______|______|______|______|______|_____|_____|
| 55490| 1.3|82.7|3840| 522| 4580| | 1.3| 82.7| | |
|______|_____|____|____|______|______|______|______|______|_____|_____|
QP Anastasia Ledwon, P.Geo, Chief Operating Officer for UTM
Exploration Services Ltd, is the Qualified Person, as defined by
National Instrument 43-101, for the Lustdust Project and supervised
the preparation of the technical information in this release. QA/QC
Drill core analysis and assaying is being conducted by ALS Chemex
in Vancouver, British Columbia, which is an International Standard
ISO 9001:2002-certified laboratory. A comprehensive quality
assurance/quality control program including duplicate samples,
blanks and standards form part of the sampling protocol in addition
to the laboratory's own quality assurance program. The field
program was supervised by UTM Exploration Services Ltd of Telkwa,
BC. The technical information in this news release has been
prepared in accordance with Canadian regulatory requirements as set
out in National Instrument 43-101, and reviewed by the Company's
qualified person, Anastasia Ledwon, P. Geo., COO of UTM Exploration
Services Ltd. on behalf of Alpha Gold Corporation. About Alpha Gold
Corporation Alpha Gold is a mineral exploration company whose
100%-owned, royalty-free, Lustdust Property is advantageously
situated with nearby road and rail access in north-central British
Columbia. Lustdust consists of 17 contiguous mineral claims
covering 8,560 hectares and contains twelve known mineralized
areas, of which the copper-gold-silver Canyon Creek Skarn Deposit
has a NI 43-101 compliant resource. Alpha
Gold Corporation has approximately 47.2 million shares issued
and outstanding, 59.75 million fully diluted. Shares are listed on
the TSX Venture Exchange under the symbol "ALQ". - On behalf of the
Board of Directors, Carl Pines, Director, Alpha
Gold Corporation Should you wish to receive Company news via
email, please contact holly@chfir.com and specify "Alpha Gold News"
in the subject line. 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. Statements in this
release that are forward-looking statements are subject to various
risks and uncertainties concerning the specific factors disclosed
under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such
information contained herein represents management's best judgement
as of the date hereof based on information currently available. The
Company does not assume the obligation to update any
forward-looking statement. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/03/c7752.html
table valign="top" border="0"trtdbAlpha Gold
Corporation /bbr/ Mary P. Webster,
Director br/ T:
416-350-2798 br/ E: a
href="mailto:alphagold@rogers.com"alphagold@rogers.com/a /td
td /td td /td td /td td /td td /td tdbCHF
Investor Relations /bbr/ Cathy Hume, CEO br/ T:
416-868-1079 br/ E: a
href="mailto:cathy@chfir.com"cathy@chfir.com/a/td/tr/table
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