Jun 27 2014
ALPHA EXPLORATION INC. ("Alpha" or the "Company") is pleased to announce that Noka Resources Inc. ("Noka") has informed the Company that it has filed a technical report entitled "Technical Report on the Carpenter Lake Property, Northern Saskatchewan" dated June 13, 2014 and prepared by Allan Armitage, Ph.D., P.Geol., of Geovector Management Inc. Dr. Armitage is an independent qualified person under NI 43-101 regulations. The National Instrument 43-101 technical report is available under Noka's profile on SEDAR.
In January 2014, Alpha optioned the Carpenter Lake Property from Noka to earn a 60-per-cent interest in the property by making cash payments totaling $50,000, issuing 400,000 shares and completing work commitments of $1.25-million, all over a period of three years. Upon completion of the option, a joint venture will be formed between Alpha (60 per cent) and Noka (40 per cent) for the further development of the property, with Alpha serving as the operator. The Carpenter Lake Property lies approximately 85 kilometres west of the past-producing Key Lake mine infrastructure and mill complex and extends for approximately 25 km along the southern extension of the Cable Bay shear zone.
Recent work completed by Alpha in 2014 includes:
Radon-in-water and lake sediment geochemical sampling (see news release dated May 21, 2014) has outlined several areas of interest for summer 2014 evaluation. The radon-in-water and lake sediment uranium anomalies found in the 2014 survey are important indicators for locating potential buried uranium mineralization.
A property-wide VTEM airborne survey was completed by Aeroquest Airborne in February, 2014. Some of the recently identified geochemical anomalies lie close to crosscutting geological structures and conductors interpreted by Condor Geophysics from the VTEM survey.
Results of the above work are summarized in Dr. Armitage's technical report.
An airborne gamma spectrometer survey is contracted for execution by Goldak Airborne Surveys as soon as drier ground conditions allow for better gamma radiation signal response. This airborne gamma survey has the capability to identify radioactive boulders similar to those found on the Fission Uranium / Alpha Minerals Patterson Lake South joint venture in 2011, prior to the discovery of high-grade uranium by drilling in late 2012.
A boulder prospecting program is planned to follow up on the results of the airborne gamma survey and a further radon surveying is planned for targets up-ice from radon-in-water and lake sediment uranium anomalies.
Alpha Exploration has engaged Discovery Consultants of Vernon, B.C. to manage Alpha's 2014 work programs. The senior members of Discovery's team have extensive uranium exploration experience in the Athabasca basin and in several international jurisdictions.
Source: http://www.alpha-aex.com/