Alpha Gold reports positive results from 2011 exploration program
22 Januar 2012 - 10:33AM
PR Newswire (Canada)
VANCOUVER, BC, Jan. 23, 2012 /CNW/ - Alpha Gold Corp. (the
"Company") is pleased to announce its 2011 exploration program was
successful in providing further indications that Alpha's Lustdust
property has additional mineralization in areas previously explored
and reports additional, noteworthy anomalies in new areas. Program
objectives were to find mineralized rocks, measure structure, and
create a comprehensive geological map of the claims. Click
here for a map. In August 2011, a helicopter-borne ZTEM and
aeromagnetic survey was conducted by Geotech Ltd. in preparation
for field work. Soil sampling, mapping and prospecting was
carried out by UTM Exploration Services Ltd. from mid-August
through mid-September. Results of both efforts were then
collated and analyzed. Historically, Lustdust claims explored were
delineated and named as Zones. Thus, the Lustdust property is
known to host six mineralized corridors and Zones (Canyon Creek
Zone Extension, Canyon Creek Skarn Deposit, the # 4B Zone, the # 3
Zone, the # 2 Zone and the # 1 Zone) that have an apparent
discontinuous strike length of approximately 7.5 kilometres.
The 2011 program questions the discontinuous designation as the
main access road through the claims has always been used as a
reference point when describing Zone locations. This raises
the possibility that the strike length may not be discontinuous,
but may be part of one system. Soil sampling identified multiple
silver, gold and copper anomalies in the northern reaches of the
claims. These anomalies indicate a trend that is sub-parallel
to stratigraphy with a north-northwest strike and may indicate a
major increase in strike length of the Lustdust mineralization.
Rocks sampled outside the known Canyon Creek Skarn (CCS) Deposit
identified several anomalous gold and silver values, which may
indicate a northern continuation of the mineralizing system.
The southern grid contained a cluster of anomalous values in
gold-in-soil in the northwest area of the grid. While weaker
anomalous values continued to the south-southwest, all of these
anomalies were coincident with very strong silver, zinc, lead and
other minerals that may indicate a significant extension of the # 1
Zone. Gold-in-soil anomalies, coincident with multi-element-in-soil
anomalies, may indicate that mineralization follows the strike of
bedding to the south-southeast instead of following the previously
mapped and drilled # 1 Zone that was originally interpreted to run
that runs north and south. 2011 Prospecting rediscovered the
Takla silver vein immediately southwest of the # 1 Zone. The
measured trend of the vein is northwest-southeast rather than
the north-south orientation previously thought. A sample
taken from this vein graded 88 grams of silver per tonne and 7.5
grams of gold per tonne, warranting further sampling and possible
drilling as part of the 2012 exploration program. Additional
anomalous values in gold-in-soil extend 750 metres past the known
extent of the # 1 Zone, which may indicate a considerable increase
in tonnage in the previously proven high grade # 1 Zone.
Strong, multi-element anomalous soil samples taken to the south and
southwest of the Takla veins may further indicate an increase in
the extent of mineralization in the # 1 Zone by up to one kilometre
to the south-southwest. Geologists suggest parallel ore
shoots in this Zone may exist. Mapping and prospecting has
confirmed mineralization in the CCS Extension Zone through to the #
1 Zone and has helped to give a new outlook on the mineralizing
structure in the # 1 Zone. Mapping outside the known deposit
has served to identify alteration in stratigraphy suitable to
mineralization. "The 2011 mapping and soil sampling program has
added to the understanding, both geologically and chemically, of
the known Zones and that mineralization and favourable rock types
exist between the Zones," commented Carl Pines, CEO. "The
exploration program may indicate extensions to the existing Zones
and in particular, to the # 1 Zone. The potential for
continued success in proving up mineralization and immediate
addition of resource tonnage is thought by the geological team to
be considerable." The geologists have recommended a comprehensive
follow-up program, which the Board has under consideration and upon
which the Company will comment by way of news releases in the
future. Anastasia Ledwon is Alpha Gold's Qualified Person, as
defined by National Instrument 43-101, for the Lustdust Project,
and is responsible for the technical information in this news
release and has reviewed all information in this news release. She
is responsible for verification and quality assurance of the
Lustdust Project data and analytical results. All samples were
prepped at AGAT Labs in Terrace, BC, and sent to the AGAT Lab in
Calgary, Alberta for assay using a standard 46 Element ICP package
plus a 30 gram Au fire assay with an AA finish. Atomic Absorption
Analyses were performed on all overlimits. 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, 62.0 million fully diluted. Shares are listed on
the TSX Venture Exchange under the symbol "ALQ". - Carl Pines, CEO,
Director, on behalf of Alpha Gold Corp. 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. Should
you wish to receive Company news via email, please contact
michelle@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. SOURCE Alpha Gold Corp PDF with caption: "Figure 18,
Areas of Interest for Future Exploration.". PDF available at:
http://stream1.newswire.ca/media/2012/01/23/20120123_C5884_DOC_EN_9072.pdf
Alpha Gold Corp CONTACT: please visit www.alphagold.bc.ca or
contact:CHF Investor RelationsCathy Hume, CEOT: 416-868-1079 x231E:
cathy@chfir.com
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