VANCOUVER, British Columbia, Feb. 10, 2015 (GLOBE NEWSWIRE) -- ALPHA EXPLORATION INC. (" Alpha " or the " Company ") (TSX-V: AEX ) is pleased to announce that drilling has begun at its Middle Lake Property ("Middle Lake" or the "Property") adjacent to the former Cluff Lake uranium mine in the western Athabasca Basin of northern Saskatchewan.
Approximately 2,500 metres of diamond drilling is planned in up to 25 holes located around Skull Lake in the northwestern part of the Property. Three separate targets will be tested which integrate gravity, electromagnetic and magnetic features as well as geochemical anomalies, including high-grade uranium boulders. Overall, the exploration target at Middle Lake is near surface, basement-hosted uranium mineralization similar to that mined by both open pit and underground methods at the nearby Cluff Lake deposits.
Infill and extension gravity and radon surveys initiated during camp mobilization (see Alpha news release dated January 22, 2015) have been completed. The drilling now underway is anticipated to take approximately four weeks to complete.
Please see the Company's website at www.alpha-aex.com for property location maps and summary exploration figures for Middle Lake, including proximity to the Cluff Lake deposits ( see Cluff Lake Region map ).
About Middle Lake Property
The Middle Lake Property is one claim covering 2,416 hectares. Middle Lake is a joint venture with Acme Resources Inc., which holds a 20 percent carried interest. Please see the Company's website at www.alpha-aex.com for details of the option agreement.
The Property is situated adjacent to the decommissioned Cluff Lake Mine site, where over 62 million pounds of U 3 O 8 were extracted during a 22-year operating life through a combination of three open pit mines and four underground mines by predecessors of AREVA Resources Canada Inc. ("AREVA") (see AREVA website at www.areva.com ).
The Property is approximately 10 km north of the Shea Creek uranium deposits currently being explored by AREVA and UEX Corporation, about 75 km north of the Patterson Lake South (PLS) uranium deposit, and nearly 250 km north of the town of La Loche, Saskatchewan, all connected by Highway 955. (see Athabasca Basin Map ).
About Alpha Exploration Inc.
Alpha is a mineral exploration company focused on uranium in the Athabasca Basin in northern Saskatchewan, Canada. The Company is based in Vancouver and its common shares are listed on the TSX Venture Exchange under the symbol "AEX". Alpha is well-financed to actively explore a portfolio of early-stage properties. Technical reports are available on SEDAR ( www.sedar.com ) for three of the Company's active properties. Alpha continually and proactively reviews opportunities for new properties, whether by staking, joint venture or acquisition.
R. Sierd Eriks, P.Geo., VP Exploration, responsible for Alpha's exploration work, and Dr. Michael H. Gunning, Ph.D., P.Geo, President & CEO are Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the technical disclosure contained in this news release.
On behalf of the Board of Directors of Alpha Exploration Inc.
"Dr. Michael H. Gunning"
President & CEO, Chairman
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.
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 exploration and 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.
For corporate communications please contact: Robert Meister Alpha Exploration Inc. Trading Symbol: TSX-V - AEX
