Alpha Minerals Files NI43-101 for Patterson Lake South, Athabasca Basin
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/23/13 -- Alpha Minerals Inc. ("Alpha" or "the Company") (TSX VENTURE: AMW) (FRANKFURT: E2GA), has filed a National Instrument 43-101 ("NI 43-101") technical report titled "Patterson Lake South Property" dated April 14th, 2013. The technical report is available on SEDAR (www.sedar.com). The Technical Report on the Patterson Lake South ("PLS") property has been prepared by Allan Armitage, Ph.D., P.Geol. GeoVector Management Inc., an independent Qualified Person.
The report summarizes the geology and exploration work performed to date on the Patterson Lake South property in Northern Saskatchewan. The Technical Report will be used by Alpha Minerals in fulfillment of their continuous disclosure requirements under Canadian securities law, including National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Patterson Lake South Property
The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint Venture held by Alpha Minerals Inc (AMW) and Fission Energy (FIS). The Joint Venture property is 100% owned with no underlying royalties or vendor payments. Fission is the Operator until April 1st 2014. The property is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine, (greater than 60M lbs of U3O8 produced), and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development. Staking activity in the area surrounding the JV accelerated this year with more than twice the area occupied by the JV now covered with new tie on claims. Updated maps highlighting the drilling programs for PLS can be found on the Company's website at www.alphaminerals.ca.
On behalf of the Board of Directors of Alpha Minerals Inc.
Ben Ainsworth, President, CEO and Director
Please refer to the Alpha Minerals Inc. website (www.alphaminerals.ca) for further and updated information.
This press release contains "forward-looking information" that is based on Alpha's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Alpha's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Alpha's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Alpha disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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.
Contacts:
Alpha Minerals Inc.
Robert (Bob) Meister
Vancouver, BC
(604) 629-0293 or Toll Free: 1-866-629-0293
info@alphaminerals.ca
www.alphaminerals.ca