August 22, 2013 06:30 ET

Alpha Minerals JV Hits 47m Mineralization Including 5.27m Total Composite "Off-Scale" to Expand R390e Zone at Patterson Lake South, Athabasca Basin

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 22, 2013) - Alpha Minerals Inc. (TSX VENTURE: AMW)(FRANKFURT:E2GA) (the "Company" or "Alpha"), and its 50% Joint Venture partner Fission Uranium Corp. are pleased to announce results for an additional five holes drilled on the R390E Zone. Since the winter 2013 drill program the R390E zone has doubled in strike length to 120m. The reported drill holes in this news release are highlighted by PLS13-086, which intersected a 47.0m wide mineralized zone, including a total of 5.27m composite "off-scale", it appears more robust than hole PLS13-061 drilled 10m to the north on line 360E and is further evidence of the high-grade potential of the zone.

Several holes are reported in this news release that have no Devonian Sandstone intersections. This makes the R390E Zone a potential candidate area for one of the bedrock sources of the large uranium boulder field. Of additional note is hole PLS13-083, a 15m step out hole to the west of hole PLS13-075, which reported 61.5m total composite mineralization in several intervals over a width of 105.5m (53.0m to 158.5m).

Holes PLS13-078, PLS13-081, PLS13-083, PLS13-085 and PLS13-086 tested lines 435E, 405E, 315E, 330E and 360E of the R390E zone respectively and all intersected relatively wide zones of mineralization of varying degrees of radioactivity.

Drilling Highlights include:

• Extend strike length of R390E zone to 120m
  
• PLS13-086 (line 350E) intersected 47m of mineralization (75.0m - 122.0m), including:
  
  • 5.27m total composite off-scale (>9999 cps), including: 
  • 3.0m of continuous off-scale (>9999 cps) (101.0m - 104.0m)
    
• PLS13-083 (line 315E) intersected 61.5m total composite of variably radioactive mineralization over a 105.5m wide interval (53.0m - 158.5m). Clay alteration from 53 m to 192. Includes some poor core recovery where the hand held scintillometer results are moderate and the down hole gamma probe results show strongly anomalous values over a 1.0 m interval from 80.0m - 81.0m within an interval from 80.0m - 83.0m where core recovery was estimated at 48.7%.
  
• PLS13-078 (line 435E) intersected 42.0m total composite of variably radioactive mineralization over a 60.5m wide interval (75.0m to 135.5m)
  
  • Upper Zone: 31.5m mineralization (85.0m - 166.5m), including: 
  • 1.25m total composite off-scale (>9999 cps) (97.0m - 98.0m) 
  • Lower Zone: 10.0m mineralization (125.5m - 135.5m)
    
• PLS13-085 (line 330E) intersected 36.0m total composite of variably radioactive mineralization in several intervals over a 55.5m wide interval (58.5m - 114.0m), including:
  
  • 22.5m of variably radioactive mineralization (82.0m - 104.5m), including: 
  • 2.16m total composite off-scale (>9999 cps) (85.5m to 87.81m)
    
• PLS13-081 (line 405E) intersected 25.5m of variably radioactive mineralization (105.0m - 130.5m)
  

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