Trading Symbol TSX-V - AMW
VANCOUVER, Nov. 28, 2012 /CNW/ - Alpha Minerals Inc. (formerly ESO Uranium
Corp.) (TSX-V: AMW), (the "Company" or "Alpha"), is pleased to announce the
appointment of Dr Michael Gunning to its Board of Directors. In a planned
build out of the Management team of the Company, he will also serve as lead
Technical Advisor, in support of advancing the Company's recent discovery at
Patterson Lake, Athabasca Basin, Saskatchewan.
Dr Gunning brings a very diverse and valuable range of experience and proven
leadership to Alpha from his 25 years in the mineral exploration and
geological research sectors. Most recently as former President and CEO of
Hathor Exploration Ltd, he successfully transitioned the Company from the
grass roots discovery to the definition of a uranium deposit with truly world
class attributes, and steered it's eventual sale to Rio Tinto Plc., a leading
producer in the global uranium sector.
Ben Ainsworth, President, Alpha Minerals Inc. comments: "This is a critical
first step required for Alpha to carry on a successful exploration effort on
the Patterson Lake South Joint Venture with Fission Energy and its other
uranium interests in the Athabasca Basin. Dr. Gunning will be a critical voice
in advising the Board, and management, as to the technical approach to
understanding and advancing Patterson Lake, an early stage but promising
discovery in the well-established and preeminent high grade uranium district
in the world. I look forward to again working again with Michael, having seen
his proven ability to lead so effectively the team at Hathor.
Dr Gunning attained an Honours BSc degree in geology from UBC, followed by a
time in the junior gold exploration sector, and onto mineral deposit research
and regional mapping with the British Columbia Geological Survey and
Geological Survey of Canada, all towards completing MSc and PhD degrees at the
University of Western Ontario. Following work with Teck Resources in base
metal exploration in North and South America, he joined the Saskatchewan
Geology survey as lead Mineral Deposits Research Geologist. Dr. Gunning is
extensively published, has presented at numerous technical and investor
conferences, and is past-President of the SEG Student Chapter at Western, and
Geological Society of Saskatchewan.
Dr Gunning is granted 100,000 options today at the last market closing price
of $1.69 and these options will be exercisable for 5 years. Additional
compensation has been agreed upon, in light of the Company's option structure.
On behalf of the Board of Directors of Alpha Minerals Inc.
President, CEO and Director
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
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 (Bob) Meister Alpha Minerals Inc. Vancouver, BC Phone: (604) 629-0293
Toll Free: 1-866-629-0293
SOURCE: Alpha Minerals Inc.
To view this news release in HTML formatting, please use the following URL:
CO: Alpha Minerals Inc.
ST: British Columbia
NI: MNG 2575 WNEWS
-0- Nov/28/2012 20:46 GMT
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