Alpha Gold Plans Exploration for 2011
21 Juli 2011 - 3:30PM
PR Newswire (Canada)
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
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