VANCOUVER, July 21, 2011 /CNW/ -- VANCOUVER, July 21, 2011 /CNW/ - Alpha Gold. (TSXV: ALQ) ("Alpha Gold" or the "Company") today announced what the immediate future holds for Alpha Gold Corp. After review of the past exploration work conducted on the Lustdust property, the Board has approved the 2011 exploration program which is intended to further delineate and expand the areas of known mineralization. The 2011 exploration program is also intended to develop drill targets beyond the drill tested zones of the property that could significantly increase the size and extent of the known mineralization on the property. Alpha plans to carry out a property-wide Geotech Ltd. ZTEM airborne survey to delineate regional structures. As described by Geotech, "The ZTEM or Z Axis Tipper Electromagnetic system is an innovative airborne EM system which uses the natural or passive fields of the Earth as the source of transmitted energy" and "ZTEM data is closely related to resistivity/conductivity mapping of the subsurface". Additionally, follow-up property-wide detailed geological mapping, rock and soil sampling over areas not previously mapped and explored on the property will be done this year. Alpha is excited about what the ZTEM survey and ground follow-up programs may reveal on a property-wide scale. In order to develop both the diversification and growth strategies, Alpha has additionally entered into discussions with third parties with the view of possibly acquiring additional early stage gold exploration properties in jurisdictions outside the Province of British Columbia. The Company continues its focus on gold exploration and the Board is pleased with the possibility of new discoveries to be made on the Lustdust as well as the potential of promising acquisitions which are currently under review. The Board also unanimously approved the continuation of its award winning reclamation and environmental programs on the property. Alpha appreciates the input from and plans to continue to employ local First Nations in its exploration, reclamation and environmental programs. 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 20 contiguous mineral claims covering 9,583 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, 62.3 million fully diluted. Shares are listed on the TSX Venture Exchange under the symbol "ALQ". - Carl Pines, Interim-CEO, Director, on behalf of Alpha Gold Corp. Should you wish to receive Company news via email, please contact stephanie@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/July2011/21/c6702.html p bCHF Investor Relations  /bbr/ Cathy Hume, CEObr/ T: 416-868-1079 x 231br/ E: a href="mailto:cathy@chfir.com"cathy@chfir.com/a /p

Copyright

ALQ Gold Corp. (TSXV:ALQ)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more ALQ Gold Corp. Charts.
ALQ Gold Corp. (TSXV:ALQ)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more ALQ Gold Corp. Charts.