Alpha Exploration (TSXV:AEX) is a junior mineral exploration company with strategically selected uranium and gold properties in North America.
- Operating in geological settings with a proven record of high-grade uranium discoveries hosted by miner friendly jurisdiction.
- A management team building on recent success.
Alpha Exploration’s Athabasca Basin projects totals approximately 105,000 acres in the world’s most important uranium producing district, which accounts for approximately 16% of global primary uranium supply. Ten of the world’s top 15 highest-grade uranium deposits lie in the Athabasca Basin.
The Cluff Lake properties cover a collective total of 41,380 acres and Alpha Exploration partner with Rio Tinto, formerly Hathor (TSX:HAT), in the Cluff Lake area. Alpha Exploration and Rio Tinto have a 50/50 Joint Venture on the north side of the Cluff Lake Mine lease.
Alpha Exploration also have JV agreements with Logan (TSXV:LGR) and ACME (TSXV:ARI), with the Company having an 80% interest in the JV projects. Acme’s JV area is contiguous with the Cluff Lake Mine, with +60 m pounds U3O6 produced.
The projects adjoin the former Cluff Lake (open pit) Mine which produced 63 million pounds of U3O8 at a grade of 0.93% which compares favorably to Alpha’s grade of 0.85% U3O8, encountered in the 2006 drill program, on the adjacent Gorilla Lake zone. The Cluff property also adjoins UEX / AREVA’s Shea Creek Project.
- CLU-07: 7.0m of 0.17% U3O8 (153.0 to 160.0m) including 0.82% U3O8 over 1.0 m 2nd zone: 2.0m of 0.20% U3O8 (175.0 to 177.0m)
- CLU-01: 1.5m of 0.46% U3O8 (174.0 to 175.5M)
- CAR-425: 2.3m of 0.85% U3O8
Hook covers approximately 32,000 acres and is located northeast of the PLS discoveries. It covers the northern extension of Patterson and Derkson conductor corridors, and adjoins Uranium Energy Inc. and Cameco Corporation’s property to the south.
Past exploration includes Geotem airborne ground geophysical surveying, geochemical sampling and diamond drilling totalling 2,404 metres in four holes.
Seventeen Geotem electromagnetic conductors with a total strike length of eighty kilometers have been discovered on Hook Project property. Three of these conductors have been drill tested.
Alpha Minerals and it’s Patterson Lake South Project was acquired by Fission Uranium in December 2013.
Patterson Lake South (PLS) is a new high-grade shallow-depth uranium discovery just outside the Athabasca Basin of northern Saskatchewan, Canada. Alpha Minerals Inc. and Fission Uranium Corp. formed a 50/50 Patterson Lake South Joint Venture that included claims that straddle the southwestern margin of the Athabasca Basin. The joint venture included 17 claims (approximately 25,450 hectares). The Patterson Lake South (PLS) property is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine (greater than 60 million pounds of U3O8 produced), and passes through the nearby UEX-Areva Shea Creek discoveries located 50 kilometres to the north, currently under active exploration and development.
Benjamin Ainsworth, MA, P. Eng – President and CEO
Mr. Ainsworth is a senior Geologist and mining consultant who has been involved in the mining industry for over forty years. He graduated in 1963 with an honors degree in Geology from Oxford University in England. He joined Placer Development in 1965 and held positions of Senior Geologist, Chief Geochemist, Exploration Manager — Eastern Canada, Exploration Manager — Chile, and President — Placer Chile, South America. Throughout the 70′s, Mr. Ainsworth was involved in the design, budgeting and implementation of exploration programs that included large drill programs, geophysical surveys, geological mapping, geochemical surveys, and a full range of project evaluation studies.
Mr. Ainsworth is also a Board Member of: HATHOR Exploration (TSX: HAT), discoverer of Canada’s newest world class Uranium deposit. DAJIN Resources (CVE : DJI) that has 100% interest in lithium brine concessions in Argentina.43-101 rules.
Dr. Michael Gunning, BSc (Hons), MSc, PhD. – Director, Lead Technical Advisor
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 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.
Garrett Ainsworth, PGeo BC – VP Exploration
Garrett Ainsworth is a professional geologist and the Vice President Exploration for Alpha Minerals Inc. He has a Diploma of Technology in Mining and Bachelor of Technology in Environmental Engineering with honours from BCIT, as well as a Bachelor of Science in Geology with honours from Birkbeck, University of London.
Mr. Ainsworth was instrumental in the successful progress of the Patterson Lake South (PLS) project, where he was the Project Manager (PM) since its inception in 2007. During his tenure as PM of PLS he oversaw the staking of new claims, the discovery of the boulder field, the initial high-grade uranium drill hole discovery (R00E zone), and the discovery of the high grade, near surface, uranium zones R390E and R780E during the winter 2013 drill program. Apart from being involved with numerous uranium projects in the Athabasca Basin, Saskatchewan, he also obtained experience as a field geologist on gold projects in British Columbia, Nevada, and Mexico; and a diamond project in West Africa. Mr. Ainsworth worked as an environmental consultant on a variety of industrial and mining projects from 2002 to 2007.
Kurt Bordian, CGA – CFO and Secretary
Mr. Bordian is a designated Certified General Accountant in Canada, and holds a Bachelor of Commerce (Honors) Degree from the University of Manitoba. He has worked primarily in the mineral exploration and oil and gas industries over the past 10 years, and has held the position of Controller with three public companies exploring and operating in the Solomon Islands, Ghana, Tunisia and Western Canada. Mr. Bordian is also active with other public entities as Operations Manager and Corporate Secretary and is a current Director of Fission Uranium Corp.
Warren Stanyer – Director
Mr. Stanyer has over seventeen years of experience in the mineral exploration industry and has served as; a consultant, Corporate Secretary, Officer, Director, President and CEO to a number of public mineral exploration companies including Pioneer Metals Corporation (“Pioneer”), UEX Corporation (“UEX”), and Northern Continental Resources Inc. (“NCR”).
Mr. Stanyer began his career with Pioneer which was a Gold, Base Metal and Uranium exploration company with properties in New Mexico, BC, Manitoba and Saskatchewan. In 1999, Pioneer signed an option agreement with Cameco Corporation, which in 2002 led to the formation of the pure uranium exploration company, UEX. Mr. Stanyer held the positions of Corporate Secretary and Vice President, Corporate Development in both Pioneer and UEX. In 2006, Barrick Gold Corporation acquired Pioneer and Mr. Stanyer became a consultant during the transition.
After leaving UEX in 2007, Mr. Stanyer began consulting for NCR, a Uranium exploration company and was appointed President and CEO in 2008. Hathor Exploration Limited made a successful offer in July 2009 to take over NCR, in competition with Denison Mines. He acted as Chairman of Guyana Frontier Mining Corp. (GYG-TSX.V) from December 2010, and as President and CEO from September 2011 to December 2012. Currently Mr. Stanyer serves as President, CEO and a Director of Fission Uranium (FCU-TSX.V), Nevada Sunrise Gold Corp. (NEV-TSX.V), and of New Moon Minerals Corporation (a private mineral exploration company).
James Yates – Director
Mr. Yates has over twenty years experience in the mineral exploration industry and has served as a director and officer of several public mining companies. From 1982 to 1988 he was the Founder, President, and Director of Hycroft Resources who successfully brought the Crofoot Mine into production, a gold heap leach operation with annual production of 100,000 ounces of gold. Mr. Yates has overseen the corporate management and financing of a number of projects in North America including American Bullion Minerals, Zappa Resources, and Jersey Goldfields, having raised in excess of $20million for mineral exploration development.
Charles Roy, P.Eng. P.Geo – Director
Mr. Roy has more than 30 years of experience in uranium exploration with Cameco Corporation, one of the world’s largest uranium producers. Most recently as Director of Exploration Agreements, Regional Director for the Americas, and Director of Advanced Exploration, he has been directly involved in the supervision of seven discoveries for Cameco. Mr. Roy provides Alpha with invaluable industry-leading expertise towards advancing the Patterson Lake discovery, and evaluating new opportunities. Mr. Roy will be the lead technical advisor to the Board of Directors at Alpha Minerals.
Alan R. Graham – Advisor to the Board
Mr. Graham brings to Alpha extensive expertise in the down-stream nuclear fuel cycle and regulatory sectors. He was appointed as a member of the former Atomic Energy Control Board in 1999, and subsequently was appointed a member of the Canadian Nuclear Safety Commission (CNSC), where he served as a commissioner for twelve years. Mr. Graham is a former Minister of Natural Resources and Energy and served as Deputy Premier for the Province of New Brunswick, and served as an MLA for that Province from 1967 until 1998. Mr. Graham was involved in the permitting and oversight of nearly all of the producing uranium mines in the Athabasca Basin. Mr Graham is a past director of the Nature Conservancy of Canada and has served on public and private boards, both in Canada and internationally that relate to the resource and manufacturing sector. He is also on several charity boards, like the Atlantic Salmon Federation and The Miramichi Uganda Foundation Inc.
Robert Meister – Corporate Communications/Development
Mr. Meister has nearly 20 years of experience working with public and private companies and has been specializing in the resource sector since 2005. He is a graduate of British Columbia Institute of Technology (BCIT) in Marketing Management and also participated in BCIT’s Exploration and Mining for Investment course. His experience and entrepreneurial nature has allowed him to manage and develop numerous business and management activities including all aspects of Marketing and Corporate Communications at institutional and retail levels, and assisting in raising capital at all phases of corporate development.