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Alpha Exploration Inc. V.AEX



TSXV:AEX - Post by User

Post by speculatoron Jan 27, 2015 9:19am
137 Views
Post# 23366876

News

News

Alpha Exploration drills two m of 8.72 g/t Au at Donna

2015-01-27 09:08 ET - News Release

 

Dr. Michael Gunning reports

ALPHA REPORTS 8.7 G/T AU OVER 2.0 METRES AT DONNA PROPERTY

Alpha Exploration Inc. has been notified by Interconnect Ventures Corp. (IVC) of the results for the recent diamond drill program at the Donna property, located in south-central British Columbia. Discovery Consultants and Dorado Drilling Ltd. carried out a four hole NQ diamond drill program on behalf of Alpha and IVC for a total of 492 metres in December 2014. Drilling was based on targets generated from an induced polarization ("IP") survey carried out on the Property in 2014. (see Alpha news release dated November 26, 2014).

All four drill holes intersected gold mineralization, including 8.72 g/t Au over 2.0 m (See Photo 1,Table 1). Gold mineralization is associated with semi-massive sulphides including pyrite, arsenopyrite, galena and pyrrhotite which occur along the contact between a diorite intrusion and argillite. This newly discovered gold mineralization is 1.5 kilometres west of the area of historic trenching and drilling, and 350 metres west of the 2010 drilling, this expanded delineation of gold increases significantly the potential of the zone.

 

 Table 1: DDH 14-21 Sample #From (m)To (m)Width (m)Au (g/t) 799652 9.0 11.0 2.0 0.65 799654 13.0 14.0 1.0 0.15 799662 24.0 26.0 2.0 0.23 799688 69.0 71.0 2.0 8.72 

 

Complete geochemical data from all four drill holes are provided on the Company's website. All samples were analyzed at Acme Analytical Labs in Vancouver, BC, which is a certified ISO Laboratory (ISO 9001:2000 and ISO 17025:1999). Analytical precision and accuracy were monitored by the use of duplicates, prep and pulp samples, and by standards.

Regional Context

The Donna Property is located in the source headwaters of the historic Kettle River and Yeoward Creek placer gold camps. The property lies within one of the largest clusters of anomalous values in gold and typical associated pathfinder elements identified in the British Columbia Regional Geochemical Surveys stream sediment program carried out in the joint Federal - Provincial programs from 1985 -1990, with a detailed report published in 1991.

Drilling in 2014 tested targets west of the area of historic trenching and drilling, and upslope of the drainage that yielded gold values of >3 ppm Au from a heavy mineral concentrate. Surface work in 2014 defined several IP chargeability anomalies in the area; follow-up drilling targeted select chargeability highs on the flank of the dioritic intrusion, itself defined by a broad resistivity low (Figure 1).

Summary

The mineral potential of the Donna Property has increased significantly. The new drill results indicate that the diorite body is larger than previously known, as is the extent of associated gold mineralization along its southwestern margin. Additional High chargeability and low resistivity anomalies along this margin are largely untested and warrant follow-up drilling (see Figure 1).

About Donna Property

The Donna Property is located in the Monashee Mountains in south-central British Columbia, approximately 65 km east of Vernon. The Property is a contiguous block of seven mineral claims covering 2,298 ha. The Property is 100% owned by Alpha and is currently under option to IVC, whereby IVC has the option to acquire a 70% interest in the Property. Please see the Company's website at https://www.alpha-aex.com for details of the option agreement, property location maps, and summary exploration figures.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and has been reviewed and approved on behalf of the Company by Thomas H. Carpenter, PGeo, of Discovery Consultants, a qualified person.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.

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