Alpha Gold announces preliminary results
September 01 2011 - 2:38PM
PR Newswire (Canada)
VANCOUVER, Sept. 1, 2011 /CNW/ -- VANCOUVER, Sept. 1, 2011 /CNW/ -
Alpha Gold Corp. (TSX Venture: ALQ) (the "Company") announces
preliminary results from the 2011 ZTEM airborne survey have
successfully delineated property wide north-south trends, folding,
stratigraphy and structures that may play significant roles in
controls of mineralization on the Lustdust property. Geologists and
prospectors are currently ground truthing the survey results as
well as taking soil samples in untested areas and sampling formerly
unmapped outcrop. Early 2011 field notes include observations that
mineralization may be more continuous and its occurrence may be
more predictable than previously reported. Further to the news
release of June 1, 2011 announcing Carl Pines appointment as
Interim CEO, and as disclosed in the Company's Management
Information Circular filed on SEDAR August 4(th) 2011, the Company
confirms it granted Mr. Pines 1,000,000 stock options exercisable
at $0.10 per share. The options are valid for a five year period
and are subject to vesting. About Alpha Gold Corporation Alpha
Gold is a mineral exploration company whose 100%-owned,
royalty-free, Lustdust Property is advantageously situated with
nearby road and rail access in north-central British Columbia.
Lustdust consists of 20 contiguous mineral claims covering 9,583
hectares and contains twelve known mineralized areas, of which the
copper-gold-silver Canyon Creek Skarn Deposit has a NI 43-101
compliant resource. Alpha Gold Corporation has
approximately 47.2 million shares issued and outstanding, 62.0
million fully diluted. Shares are listed on the TSX Venture
Exchange under the symbol "ALQ". - Carl Pines, Interim-CEO,
Director, on behalf of Alpha Gold Corp. 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. Should
you wish to receive Company news via email, please contact
stephanie@chfir.com and specify "Alpha Gold News" in the subject
line. 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. Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's periodic
filings with Canadian securities regulators. Such information
contained herein represents management's best judgement as of the
date hereof based on information currently available. The Company
does not assume the obligation to update any forward-looking
statement. To view this news release in HTML formatting,
please use the following URL:
http://www.newswire.ca/en/releases/archive/September2011/01/c7998.html
p /p p please visit a
href="http://www.alphagold.bc.ca"www.alphagold.bc.ca/a or contact:
/p p ubCHF Investor Relations/b/ubr/ Cathy Hume, CEObr/ T:
416-868-1079 x231br/ E: a
href="mailto:cathy@chfir.com"cathy@chfir.com/a /p
Copyright