Alpha Minerals Gold Assays and Important Geochemical Data from PLS Uranium Project, Athabasca Basin

Alpha Minerals Gold Assays and Important Geochemical Data from PLS Uranium 
Project, Athabasca Basin 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/24/13 -- Alpha
Minerals Inc. ("Alpha" or "the Company") (TSX
VENTURE:AMW)(FRANKFURT:E2GA) and its 50% Joint Venture partner
Fission Uranium Corp. are pleased to report geochemical and gold
assay results from the winter 2013 drill program at their Patterson
Lake South ("PLS") property - which is host to a high grade uranium
discovery. All three zones (R00E, R390E and R780E) had drill holes
with strongly anomalous gold values. There is some correlation of
uranium values and gold assays and the higher grade gold reported by
SRC Geoanalytical Laboratories data occur more frequently with the
samples of higher-grade uranium mineralization. 
Other geochemical data showed low arsenic values associated with the
uranium mineralization represented in the set of 117 composited assay
intervals reported in this news release (Tables 1, 2, and 3). This
has important metallurgical significance as it indicates that the PLS
mineralized zones are not likely to have the high arsenic
concentrations found in some Athabasca uranium deposits. High arsenic
may require special processing and disposal costs. Approximately
87.2% of the samples returned less than 50 ppm arsenic. Of the 12.8%
of the remaining samples, all fell within the range of 50-105 ppm
arsenic.  
Of significance for the further exploration of the PLS
mineralization, this data set also flags the strongly anomalous boron
associated with uranium mineralization. Approximately 70.9% of the
composited assay intervals show values of over 150 ppm boron, which
is typically related to the hydrothermal alteration that is present
within and surrounding the uranium mineralization. The extent of the
alteration halo around the mineralization can enlarge the target area
and be used as a guide to focus on an area in a suitable geophysical
setting, especially if elevated geochemical uranium values are
associated with this alteration. Several such targets remain on the
PLS property yet to be drill tested, particularly west of the R00E
zone along the PL-3B EM conductor. 
Gold has been reported elsewhere in the Athabasca Basin uranium
deposits. At the Cluff Lake Mine (greater than 60 million lbs
produced), located 74 kms north of PLS, a gold saving circuit was
installed during the operation of the mill. The Saskatchewan Mineral
Deposit Index (reports 1150A and 2153) shows Cluff Lake deposits
yielded over 16,000 ounces of gold produced in 1987 from the D Zone
and Dominique-Janine deposits. UEX Corporation reported that,
locally, high grades of gold are present in the Shea Creek deposits,
located 58 kms north of PLS.  
The strongest gold-bearing intersection was returned from hole
PLS13-066, the eastern-most hole drilled on the R390E zone, with an
overall grade of 1.58 g/t Au over 63.5m, and including several higher
grade intervals (including an assay high of 35.6 g/t Au). Typically
gold distribution in the Athabasca uranium deposits is irregular and
may be a contributor only if higher grade mineralization is
associated with a mineable volume of a uranium deposit. At today's
gold price of about $1,200 per oz, a gram of gold has a gross value
of about $38.58 before mining, refining and other costs. This is
approximately equivalent to the gross price of a pound of uranium in
today's spot market.  
Gold Assay Highlights 
Zone R00E 


 
--  PLS13-059 (line 030E) 
    --  20.5m (65.5m - 86.0m) @ 1.90 g/t Au 

 
Zone R390E 


 
--  PLS13-066 (line 420E) 
    --  63.5m (82.0m - 145.5m) @ 1.58 g/t Au 
        --  Including 2.5m (88.0m - 90.5m) @ 8.8 g/t Au 
            --  Including an assay of 0.5m @ 35.6 g/t Au 
        --  Including 2.0m (133.0m - 135.0m) @ 7.5 g/t Au 
--  PLS13-051 (line 405E) 
    --  53.0m (95.0m - 148.0m) @ 1.02 g/t Au 
        --  Including 10.5m (107.5m - 118.0m) @ 2.60 g/t Au 

 
Zone R780E 


 
--  PLS13-060 (line 780E) 
    --  7.0m (144.0 m - 151.0m) @ 1.71 g/t Au 
        --  Including 2.5m (146.5m - 149.0m) @ 4.48 g/t Au 

 
Tables 1, 2, and 3 highlight composited gold intersections as they
relate to the composited uranium intervals within zones R00E, R390E
and R780E. Note that a concentration of 1000 ppb is equivalent to 1.0
g/t Au. 


 
Table 1: R00E Zone                                                          
----------------------------------------------------------------------------
                Grid    From       To  Interval    U3O8     Au     As      B
Zone   Hole ID  Line     (m)      (m)       (m)   (wt%)  (ppb)  (ppm)  (ppm)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
R00E PLS13-026  025W   63.00    84.50     21.50    0.77     75     12   1096
                       73.50    81.50      8.00    1.41    159     13    524
                       88.50    89.50      1.00    0.13      5     22    204
    ------------------------------------------------------------------------
     PLS13-027  025W   61.00    98.50     37.50    1.06    100     20    477
                       78.00    91.00     13.00    1.97     60     27    619
                      106.00   106.50      0.50    0.06      1     12    138
                      144.50   145.00      0.50    0.19     14     11     64
    ------------------------------------------------------------------------
     PLS13-028  090E   48.50    52.50      4.00    0.16     16     62    405
    ------------------------------------------------------------------------
     PLS13-029  025W   63.00    93.00     30.00    0.76     20     25    755
                       81.50    85.00      3.50    3.57     72     62    732
                       88.50    92.00      3.50    2.08     18     53    706
    ------------------------------------------------------------------------
     PLS13-030  090E              No significant mineralization             
    ------------------------------------------------------------------------
     PLS13-031  025W   68.50    92.00     23.50    0.67     14     17    405
                       82.50    90.00      7.50    1.58     24     33    458
    ------------------------------------------------------------------------
     PLS13-032  090E   49.00    50.50      1.50    0.05      5     32    171
    ------------------------------------------------------------------------
     PLS13-033  025W   70.00    72.00      2.00    0.17      4      9    148
                       77.00    77.50      0.50    0.06     11     34    282
                       86.00    87.50      1.50    0.15      5     15    156
                       92.00    93.00      1.00    0.09      2      7    131
    ------------------------------------------------------------------------
     PLS13-034  105E              No significant mineralization             
    ------------------------------------------------------------------------
     PLS13-035  010W   62.00    71.50      9.50    0.39     15     13    316
                       78.00    86.50      8.50    0.96     21     13    489
                       81.00    85.50      4.50    1.57     24     11    443
                      121.50   122.00      0.50    0.07     49      8     95
    ------------------------------------------------------------------------
     PLS13-036  105E              No significant mineralization             
    ------------------------------------------------------------------------
     
PLS13-037  025W   60.00    62.00      2.00    0.12      4     30    117
                       71.00    78.50      7.50    2.25    744     23    433
                       74.00    76.00      2.00    7.43   1144     29    621
                       83.50    87.50      4.00    0.09   3043      8     62
                      105.00   107.00      2.00    6.31   1124     62    257
                      109.50   110.00      0.50    0.10    167      5     11
                      113.50   116.00      2.50    0.13    103      6     38
                      119.00   122.50      3.50    7.27    839     81    252
                      120.00   122.00      2.00   12.40   1416    117    371
                      124.50   125.00      0.50    0.06     31      7    125
                      130.00   130.50      0.50    0.06     10      7     83
                      180.00   180.50      0.50    0.07    207      3     85
    ------------------------------------------------------------------------
     PLS13-039  045W   75.50    76.00      0.50    0.06      5      2    634
                      125.50   128.50      3.00    0.10     91      6    138
                      161.50   162.00      0.50    0.12   1030      7    115
                      223.00   223.50      0.50    0.05    623     83     62
                      224.00   224.50      0.50    0.07     22     20    163
    ------------------------------------------------------------------------
     PLS13-041  040W   63.50    68.50      5.00    0.13     25     24    502
                       75.00    88.50     13.50    5.54    161     38    592
                       83.50    87.00      3.50   17.08    538     72    626
    ------------------------------------------------------------------------
     PLS13-043  045W   63.50    65.00      1.50    0.99    269     60    269
                       67.50    89.50     22.00    4.80    144     14    594
                       83.50    87.50      4.00   20.73     69     31    613
    ------------------------------------------------------------------------
     PLS13-045  045W   64.00    85.00     21.00    0.23     20     13    251
                       88.00    89.00      1.00    0.07      2     11     78
    ------------------------------------------------------------------------
     PLS13-047  060W   64.50    68.00      3.50    0.18    101     16   2991
                      105.00   105.50      0.50    0.12     55     11     78
    ------------------------------------------------------------------------
     PLS13-049  060W   64.50    83.00     18.50    1.93    198     14    626
                       70.00    72.50      2.50    8.04   1068     42    616
    ------------------------------------------------------------------------
     PLS13-050  060W   63.50    65.00      1.50    0.07      4     14    165
    ------------------------------------------------------------------------
     PLS13-052  015E   62.00    72.50     10.50    0.87    197     38    475
                       62.50    66.00      3.50    2.01     87     81    798
                       75.50    93.50     18.00    3.56    106     56    528
                       84.00    88.50      4.50   11.95    124    172    624
    ------------------------------------------------------------------------
     PLS13-054  015E   68.00    79.50     11.50    0.28    405      9    401
    ------------------------------------------------------------------------
     PLS13-056  015E   62.50    71.50      9.00    0.16     28     12    329
    ------------------------------------------------------------------------
     PLS13-058  010W   63.50    67.50      4.00    0.11     10     26     86
                       70.50    87.50     17.00    0.18      9      8    260
    ------------------------------------------------------------------------
     PLS13-059  030E   55.50    62.00      6.50    3.61    580     58    433
                       56.50    59.00      2.50    8.99    500     75    603
                       65.50    86.00     20.50    8.36   1900     50    518
                       74.50    84.00      9.50   17.78   2338     86    661
    ------------------------------------------------------------------------
     PLS13-065  060E   51.00    53.50      2.50    0.12      3     10    995
    ------------------------------------------------------------------------
     PLS13-067  045E   50.50    52.00      1.50    0.09      2     18    106
                       61.50    67.50      6.00    4.63     49     46    615
                       63.50    67.50      4.00    6.86     57     64    726
                      110.00   110.50      0.50    0.05     19      2     33
    ------------------------------------------------------------------------
     PLS13-069  045E   52.00    54.00      2.00    0.29     22     25    441
                       57.50    58.00      0.50    0.05     12      4    356
                       95.00    95.50      0.50    0.05     10     30     39
                      100.50   101.50      1.00    0.06      9      7    207
    ------------------------------------------------------------------------
     PLS13-071  045E              No significant mineralization             
----------------------------------------------------------------------------
Composite Parameters                                                        
 
1.  Minimum Thickness: 0.50m 
2.  Grade Cut-Off: 0.05 U3O8 (wt%) 
3.  Maximum Internal Dilution: 2.00m 
4.  Interval based on U3O8 cut-off. No cut-off used for gold (Au). 
 
                                                                            
Table 2: R390E Zone                                                         
----------------------------------------------------------------------------
                 Grid    From       To Interval    U3O8     Au     As      B
Zone    Hole ID  Line     (m)      (m)      (m)   (wt%)  (ppb)  (ppm)  (ppm)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
R390E PLS13-038  380E   73.50    74.50     1.00    0.01      6      4    720
                        79.50    80.00     0.50    0.05      0      4    863
                        87.00   121.00    34.00    4.99    446     52    592
                        94.50   107.00    12.50    9.32   1045     75    465
                       126.50   144.00    17.50    0.96   1213     36    427
                       133.00   138.50     5.50    2.07   1559     57    463
                       165.00   168.00     3.00    0.09     79     10    127
                       170.50   171.00     0.50    0.15     56      9    171
                       174.00   181.00     7.00    0.15     94     25    143
     -----------------------------------------------------------------------
      PLS13-044  390E   56.00    73.00    17.00    0.24     21      9    874
                        60.00    61.00     1.00    1.24      6     11   1158
                        77.00    83.00     6.00    0.32     31     19    467
                        86.00    89.50     3.50    0.38    308     13    337
                        96.50   103.50     7.00    0.46    317     11    461
                       101.00   102.50     1.50    1.36    825     20    827
     -----------------------------------------------------------------------
      PLS13-0
46  390E   96.50    98.00     1.50    0.13      4      4     73
                       127.50   129.00     1.50    0.04      6      1    103
                       206.50   207.50     1.00    0.15    391     49    179
                       239.00   240.00     1.00    0.14    244      7    116
                       243.50   244.00     0.50    0.16    191    105    271
     -----------------------------------------------------------------------
      PLS13-051  405E   76.00    77.00     1.00    0.10      8     94    758
                        79.50    80.00     0.50    0.06     12     16    346
                        95.00   148.00    53.00    6.57   1016     53    701
                       107.50   118.00    10.50   29.26   2603    147    456
                       157.00   159.50     2.50    0.10    205     24    180
     -----------------------------------------------------------------------
      PLS13-053  375E   66.00   115.50    49.50    6.26    556     63    672
                        98.50   104.50     6.00   35.00   3231    170    383
                       120.00   136.50    16.50    2.63   1510     27    487
                       130.00   133.00     3.00   13.19   7228     80    500
                       145.00   145.50     0.50    0.14     10     14    152
                       160.50   161.00     0.50    0.09     35     31     57
                       191.50   192.00     0.50    0.07     57      5     98
                       218.50   219.50     1.00    0.07    171      3    163
     -----------------------------------------------------------------------
      PLS13-061  360E   77.00    98.00    21.00    0.26    602     23    633
                        92.50    97.50     5.00    0.75   1946     62    866
                       102.50   103.50     1.00    0.25    206     13    876
                       110.00   133.50    23.50    1.39   1592     26    731
                       126.00   132.00     6.00    4.34   3292     69    601
                       137.50   140.00     2.50    1.17   1313     46    376
     -----------------------------------------------------------------------
      PLS13-062  375E   51.00    55.00     4.00    0.36     15     51    704
                        86.00    98.50    12.50    0.19    357     10    697
     -----------------------------------------------------------------------
      PLS13-064  405E   83.50    84.50     1.00    0.29    104     26    173
                        90.50    91.50     1.00    0.11      4     15    108
                        95.00    96.00     1.00    0.06    709     21    207
                       110.50   121.00    10.50    0.08    456      6   1769
                       125.50   136.00    10.50    0.43    616     38    693
                       130.00   132.00     2.00    1.37   2594     77    710
     -----------------------------------------------------------------------
      PLS13-066  420E   82.00   145.50    63.50    1.15   1580     32    812
                        88.00    90.50     2.50    4.50   8836     75    432
                       101.00   107.50     6.50    2.60   1148     41    802
                       122.00   124.00     2.00    2.14   6481     37    538
                       133.00   135.00     2.00    9.51   7485     92    409
     -----------------------------------------------------------------------
      PLS13-068  390E   96.00   111.00    15.00    0.26     32     11    698
                       116.00   117.00     1.00    0.10     11     12    227
     -----------------------------------------------------------------------
      PLS13-070  390E   85.50    89.00     3.50    0.13     13     68    531
----------------------------------------------------------------------------
Composite Parameters                                                        
 
1.  Minimum Thickness: 0.50m 
2.  Grade Cut-Off: 0.05 U3O8 (wt%) 
3.  Maximum Internal Dilution: 2.00m 
4.  Interval based on U3O8 cut-off. No cut-off used for gold (Au). 
 
                                                                            
Table 3: R780E Zone                                                         
----------------------------------------------------------------------------
                 Grid    From       To Interval    U3O8     Au     As      B
Zone    Hole ID  Line     (m)      (m)      (m)   (wt%)  (ppb)  (ppm)  (ppm)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
R780E PLS13-048  780E  155.00   164.50     9.50    0.08     16      5    284
                       167.00   173.50     6.50    0.18      9      7    173
                       176.00   177.00     1.00    0.07    117      8     86
     -----------------------------------------------------------------------
      PLS13-055  780E  109.50   114.00     4.50    0.40    692      4    394
                       117.00   118.00     1.00    0.15     32      6     48
                       141.50   145.50     4.00    0.40    563     13    894
                       166.00   176.00    10.00    0.57    265      8    263
                       173.50   176.00     2.50    1.87    704     15    546
                       192.00   192.50     0.50    0.39   1090     18    581
     -----------------------------------------------------------------------
      PLS13-060  780E  133.50   141.00     7.50    0.18     76      7    479
                       144.00   151.00     7.00    1.22   1708     12    670
                       146.50   149.00     2.50    3.00   4478     31   1058
     -----------------------------------------------------------------------
                       154.00   156.50     2.50    0.13      6      3    168
                       159.50   175.00    15.50    0.20     51      5    261
                       183.00   189.50     6.50    0.39    275     10    272
                       193.50   196.50     3.00    0.14     88      1    245
                       203.50   209.00     5.50    0.36    247      7    501
                       212.00   217.00     5.00    0.36    628     10    353
                       221.00   226.50     5.50    0.13    141      5     70
                       247.50   248.00     0.50    0.20     65     13     54
                       257.50   258.00     0.50    0.38    331      7    136
----------------------------------------------------------------------------
Composite Parameters                                                        
 
1.  Minimum Thickness: 0.50m 
2.  Grade Cut-Off: 0.05 U3O8 (wt%) 
3.  Maximum Internal Dilution: 2.00m 
4.  Interval based on U3O8 cut-off. No cut-off used for gold (Au). 

 
All depth measurements reported, including sample and interval widths
are down-hole, core interval measurements and true thickness are yet
to be determined. 
Patterson Lake South Property 
The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint
Venture held by Alpha Minerals Inc (AMW) and Fission Uranium (FCU).
The Joint V
enture property is 100% owned with no underlying royalties
or vendor payments. Alpha returns as the Operator of the Joint
Venture in 2014. The property is accessible by road with primary
access from all-weather Highway 955, which runs 74km north to the
former Cluff Lake mine, (greater than 60M lbs of U3O8 produced from
multiple open pit and underground mines), and passes through the
nearby UEX-Areva Shea Creek discoveries located 58km to the north,
currently under active exploration and development. 
Garrett Ainsworth, P.Geo., Vice President Exploration is the
Qualified Person as defined by National Instrument 43-101 who was
project manager of the winter 2013 work program at Patterson Lake
South. The technical information in this news release has been
prepared in accordance with National Instrument 43-101 and reviewed
on behalf of Alpha Minerals Inc., by Ben Ainsworth, P.Eng., a
Qualified Person. 
On behalf of the Board of Directors of Alpha Minerals Inc.  
Ben Ainsworth, President, CEO and Director 
Please refer to the Alpha Minerals Inc. website
(www.alphaminerals.ca) for further and updated information.  
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. 
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 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.
Contacts:
Alpha Minerals Inc.
Robert (Bob) Meister
(604) 629-0293
1-866-629-0293
info@alphaminerals.ca
www.alphaminerals.ca