A Convenient a Joint Venture Patterson Lake South

Transcription

1 Patterson Lake South (PLS) Property A Convenient a Joint Venture Patterson Lake South December 2012 TSX.V: AMW and FIS Garrett Ainsworth, PGeo, Alpha Minerals Inc. Saskatchewan Open House, Dec. 2012

2 Disclaimer This presentation may contain forward-looking statements including, but not limited to, information regarding geological interpretations, potential timing and content of exploration programs, receipt of permits or property titles, joint venture agreements, Company financings, etc. Forward-looking statements refer to events and conditions which have not yet taken place, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Alpha Minerals relies upon litigation protection for forward-looking statements. Benjamin Ainsworth, PEng, President, CEO is the Qualified Person under NI for the project discussed in this presentation.

3 Ownership & Location of Patterson Lake South TSX.V: AMW & FIS 50/50 JV Alpha Minerals and Fission Energy. At the SW margin of the Athabasca Basin. Athabasca Basin 31,000 hectares (76,700 acres). runs through property. Yellow star is discovery drill hole PLS

4 Regional Geology Athabasca Basin TSX.V: AMW & FIS Cluff Lake Mine

5 Historical Assessment Report Research for PLS TSX.V: AMW & FIS 2008 A review of historical assessment reports (late 1970 s) showed a strong 1.2 by 1.6 km radon anomalies coincident with EM conductors.

6 Spring with Anomalous Radium and Radon TSX.V: AMW & FIS

7 Spring with Anomalous Radium and Radon TSX.V: AMW & FIS

8 TSX.V: AMW & FIS Uranium Lake Sediments from 1982 GSC Survey Anomalous Uranium in Lake Sediments up to 3.8 ppm.

9 TSX.V: AMW & FIS Anomalous Lake Sediments from 1982 GSC Survey Nickel in Lake Sediments up to 77 ppm Cobalt in Lake Sediments up to 35 ppm

10 Airborne Radiometric Survey October 2009 TSX.V: AMW & FIS High resolution Airborne radiometric survey delineated large radioactive boulder field.

11 TSX.V: AMW & FIS PLS Uranium Boulder Discovery June 2011 Boulder prospecting of airborne radioactivity anomalies; non-grid based. 5 km x 0.9 km area. Semi-massive to massive pitchblende in basement rock. 74 high grade boulders; - up to 39.6% U3O8. Alpha Minerals

12 TSX.V: AMW & FIS Massive Pitchblende Boulder Discovery June 2011 Sub-angular to sub-rounded; > 45 cm; densely clustered Boulder Sample #40: 31.6% U3O8 50% of Boulders Off-Scale

13 TSX.V: AMW & FIS PLS Trenching Program October trenches excavated within uranium boulder field and east of the confining end moraine.

14 TSX.V: AMW & FIS Additional High Grade Boulders in Trenches Soils with no visible uranium mineralization showed up to 2400 cps and 340 ppm U. Additional 42 high grade uranium boulders recovered with approximately 50% showing off-scale (>9999 cps) with Exploranium GR-110. Boulders assayed up to 31.4% U3O8.

15 TSX.V: AMW & FIS Ice Direction Studies from Trenching Most recent ice direction to the southwest confirmed at 245 degrees by till fabric measurements.

16 Quaternary Snapshot; Window of Opportunity TSX.V: AMW & FIS

17 TSX.V: AMW & FIS Winter Geophysics; EM & Resistivity Anomalies Ground Max-Min EM Survey was not suitable for locating basement EM conductors due to presence of clay lodgement till and Cretaceous mudstone west of Patterson Lake. Airborne VTEM followed up by ground TDEM resolved issue of locating EM conductors. Strong resistivity low anomalies with offset EM conductors.

18 TSX.V: AMW & FIS Winter Drilling at PLS Drill hole PLS encountered radioactivity on the southernmost conductor, including120 ppm U over 24 m. Geology, alteration, and radioactivity improve in drill holes towards Patterson Lake. Drill hole PLS intersected 140 m of sudoite in altered metasediments, including 200 to 350 ppm U over 3 to 8 m.

19 TSX.V: AMW & FIS Q-F-B Gneiss with Hematite & Bleaching Alteration

20 BST Contact TSX.V: AMW & FIS Devonian SST with Athabasca SST Clasts at Basement Contact

21 BST Contact TSX.V: AMW & FIS Devonian SST with Pitchblende & Quartzite Clasts Pitchblende clasts Quartzite (BST) clasts

22 TSX.V: AMW & FIS Boulder Prospecting Continued in October 2012 Increased size of the high grade uranium boulder field to 7.35 km x 1 km by recovering an additional 40 boulders. Boulders continue to show as strictly basement hosted. Boulders were sub-rounded to sub-angular, relatively soft material, and densely clustered. Boulders ranged from gravel-sized up to 40 cm in the longest dimension. Approximately 50% of the boulders showed off-scale (>9999 cps) with Exploranium GR-110.

23 TSX.V: AMW & FIS Fall 2012 Drilling at PLS Dual rotary drilling comprised about 1500 m in 12 holes. Diamond drilling comprised about 1600 m in 9 holes.

24 PLS November 2012: DISCOVERY HOLE! TSX.V: AMW & FIS November 5 th 2012 News Releases: Discovery Hole at Patterson Lake South: High Radioactivity and Massive Pitchblende in Core Discovery Hole Hits "OFF-SCALE" Near Surface At PLS Hole PLS m interval (57.5 to 78.5 m) of radioactivity, including a 6 m interval of continuous strong radioactivity associated with pitchblende mineralization (71 to 77 m). Basement unconformity with Devonian sandstone at 59.5 m depth. Discovery hole PLS located approximately 3.8 km NE of the high-grade boulder field, where assays returned values up to 39.6% U3O8.

25 PLS12-22 Massive Pitchblende TSX.V: AMW & FIS

26 Visible Pitchblende in Following Three Drill Holes TSX.V: AMW & FIS Drill hole PLS best intersection to date: 24 m strongly altered and radioactive metasediments. - Including 13 m with visible pitchblende, and 2.14 m of off-scale (>9999 cps). Alpha Minerals Inc.

27 PLS12-24: 13 m with Visible Pitchblende TSX.V: AMW & FIS

28 TSX.V: AMW & FIS Mineralization is Open to Both Northeast & Southwest Follow up drilling in 2013: Step out drilling from discovery hole PLS Drilling two major prospective EM conductors that are: - Northeast trending - Offset - Associated with resistivity low blowouts

29 A Convenient a Joint Venture Patterson Lake South December 2012 TSX.V: AMW and FIS