Alpha Minerals Inc (AMW)

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PLS RESULTS INDICATE PRESENCE OF URANIUM-RICH SYSTEM

http://www.fission-energy.com/s/newsreleases.asp?ReportID=538534

[LGL8054]

Article: Forbes points out

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76281553

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Three more drill holes intersecting radioactive mineralization at Patterson Lake South, Saskatchewan

http://tmx.quotemedia.com/article.php?newsid=50652127&qm_symbol=ESO

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Drilling Returns 19.5 Meters of Strong Radioactive Mineralization at Patterson Lake, Saskatchewan

Last update: 4/18/2012 8:30:00 AM
VANCOUVER, April 18, 2012 /PRNewswire via COMTEX/ -- Trading Symbol TSX-V - ESO Frankfurt - E2G
ESO Uranium Corp. (CA:ESO), (the "Company" or "ESO") has been advised by Fission Energy Corp (CA:FIS) that drill hole PLS12-013 has intersected a width of 19.5 meters with strongly anomalous gamma radiation values based on hand held scintillometer analysis at the Patterson Lake South (PLS) Joint Venture (JV) property.
Located up-ice from the 2011 discovery of a large, high-grade boulder field (with grades up to 39.6% U3O8).
The down hole gamma log shows a 19 m (63 feet) basement interval averaging 935 cps* starting at shallow depth (98.17 m.) from surface.
Includes a 7.7 meter of interval that averages over 1000 cps including a1982 cps value.
Located up ice from PDD11-06 which had 400 cps section in glacial till.
Strong alteration signature of rocks in core from radioactive intersection
"Skip Distance" from boulder field to PLS12-013 vicinity approximately 3 kms
Accessible by road - 2kms from all weather Highway 955 Cluff Lake Mine road *"cps" stands for counts per second due to gamma radiation measured by a borehole probe. All intersections are drill intersections and not necessarily true widths.
In the search for the source of the high grade boulders, 7 drill holes were completed in the first part of the programme (2011) that included PDD11-06. Gamma logs of two of the drill holes, PDD11-06 and PDD11-07, identified sections of radioactive till to the northeast of the uranium boulder field. The depth of these radioactive sections is consistent with a till sheet dipping to the NE from the uranium boulder at surface through PDD11-07 to the deeper section in PDD11-06. These two holes were located approximately southeast of PLS12-013, down ice from the current area of interest, and it appears that the elevated radioactivity in PDD11-06 may have been due to transport of radioactive material by the ice from the general area of PLS12-13.
The "Skip Distance" is the term for the distance from source to the first appearance of boulders from a bedrock source of mineralization in a sheet of till (rock and clay debris) produced by glacial (ice) scouring. As the ice moves across the land surface, it picks up rock by its scouring action and pushes it down-ice from the source until it rides up over earlier till deposits and may be exposed as a boulder field at the surface. The eastern flank of the uranium boulder field discovered by the JV last year is approximately 3 kms from the area between PLS12-13 and PDD11-06.
The programme has been extended from the 14 holes, originally reported, to 16 drill holes for this phase of the work. The drill contractor, Hardrock Drilling, has performed well, both in the drilling from the ice on Patterson Lake and through the thicker glacial till on the land west of Patterson Lake.
The Patterson Lake South JV is a 50%/50% joint interest held with Fission Energy Corp. The property is located on the all weather road to the former Cluff Lake mine which produced more than 60 million lbs U3O8 and which also passes the Shea Creek deposits of UEX-Areva 50 km north of the PLS property. The Shea Creek deposits are located along a 3 km long system and represent a significant sized resource with mineralization extending from the overlying Athabasca sediments to depths of several hundred meters into the basement rocks beneath them. The target mineralization on the PLS property is a shallow subcropping body (or bodies) of uranium, being the source of the high grade uranium boulders located in 2011.
The reader is cautioned that a total count scintillometer reading is the result of natural gamma radiation that may come from various sources including cosmic radiation, thorium, potassium and uranium and its radioactive decay products. CPS (counts per second) values cannot be certain to correlate with uranium grades of the rock but are a general guide of the radioactivity of minerals present in rock placed in proximity to the instrument.
B.Ainsworth P.Eng. SK/BC is the Qualified Person responsible for the technical disclosure contained in this news release.
On behalf of the Board of Directors of ESO Uranium Corp.

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VTEM Airborne Survey Completed, Drill Rig Mobilized at Patterson Lake South Property
Trading Symbol TSX-V - ESO
Frankfurt - E2G

VANCOUVER, Feb. 27, 2012 /CNW/ - ESO Uranium Corp. (TSX-V: ESO), (the "Company" or "ESO") and its 50% Joint Venture (JV) partner Fission Energy (TSX-V: FIS), are pleased to announce that following completion of a VTEM survey, covering the whole property area with 1,711 line kms, a 14 hole, 2,100m drill program has commenced at the Patterson Lake South (PLS) Property.

The Property is located on the southwest edge of the Athabasca Basin in northern Saskatchewan. The drill program is a continuation of work to locate the bedrock source area of the large, high grade uranium boulder field discovery of June 2011, further exposed in a trenching program conducted in October 2011 (see news releases for July 27th and December 14th, 2011). The source is expected to occur in a shallow window of bedrock exposed where the overlying Athabasca sedimentary rocks have been scoured off the older metamorphic basement rocks by the erosion due to the advance of ice sheets over the area. The search area is ENE of the 5 km long uranium boulder field.

Drilling will test a number of geophysical targets related to well defined conductors of the Patterson Lake Conductor Corridor shown by the recent high precision VTEM survey and supported by on-going ground surveys with Time Domain Electromagnetic (TDEM) and a DC-Resistivity systems. Hardrock Diamond Drilling Ltd of Penticton, BC, has been contracted for the core drill program.

PLS is accessible by road, with primary access from all weather Highway 955 which runs north to the former Cluff Lake mine, (>60M lbs of U3O8 produced), and passes through the UEX-Areva Shea Creek discoveries that lie along a 3 km structure (with reported "all categories" of resources of almost 100 million lbs U3O8) located 50 km to the north, currently under active exploration and development.

B.Ainsworth P.Eng. SK/BC is the Qualified Person responsible for the technical disclosure contained in this news release.

On behalf of the Board of Directors of ESO Uranium Corp.

"Ben Ainsworth"

Vice President, Exploration

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Uranium boulder field yields up to 31.4% U3O8 at Patterson Lake South JV, Saskatchewan


ESO Uranium Corp. (CA:ESO), (the "Company" or "ESO"), the Operator, and its 50% Joint Venture (JV) partner Fission Energy (CA:FIS), are pleased to announce receipt of assays for an additional 49 radioactive boulders located in and around the 18 trenches completed in October 2011.

Highest values: 31.4% and 31.2% U3O8

12 Boulders over 20% U3O8 average 23.7% U3O8

13 Boulders (10-20% U3O8) average 14.51% U3O8

15 Boulders (1 - 10% U3O8) average 5.22 % U3O8

9 Boulders (Less than 1.0% U3O8) average 0.47% U3O8

These uranium bearing boulders were all associated with basement rocks, schists, psammites and granulites, and not Athabasca sandstones or conglomerates. These boulders were plucked from a basement source by ice scouring of the Pre-Proterozoic and Archean basement rocks along the southwest margin of the Athabasca Basin.

Other companies currently active in the area include Titan Uranium Inc (tsx.v:TUE) who hold a claim block that straddles the Patterson and the Derkson Conductor Corridors and which occupies the area on the northeast side of the ESO-Fission JV claims. Recent claim posts identify Cameco (TSX-CCO) as having staked along the northwest side of the JV property boundary.

In the area of the ESO-FIS JV claims, the Patterson Conductor Corridor, which extends into a potential source area for the uranium boulder field, runs close to the boundary zone between the Clearwater and Western Granulite Domains. According to assessment reports submitted by SMDC, the Crown Corporation predecessor company of Cameco, this is interpreted to have had a favourable geological history, analogous to the highly productive Wollaston Domain along its boundary with the Mudjatik Domain in the East Athabasca Basin.

The Joint Venture is currently carrying out a 1000 meter diamond drill programme to locate the source area of the boulders by drilling geophysical targets and drilling for radioactive till sheets on the up ice (northeast) side of the boulder field.

A map of the Patterson Lake South Property can be found on the Company's website at
B.Ainsworth P.Eng. SK/BC is the Qualified Person responsible for the technical disclosure contained in this news release.

On behalf of the Board of Directors of ESO Uranium Corp.
"Ben Ainsworth" Vice President, Exploration

THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADDEQUACT OR ACCURACY OF THIS RELEASE.

This news release includes certain statements that express management's expectation or estimates of future performance and may be deemed "forward-looking statements". These forward-looking statements include plans, estimates, forecasts and statements as to management's expectations regarding the Patterson Lake Property. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be published by ESO Uranium Corp. may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.
SOURCE ESO Uranium Corp.

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ESO announces adoption of Shareholder Rights Plan
Trading Symbol TSX-V - ESO
Frankfurt - E2G

Not for distribution to United States newswire services or for dissemination in the United States.

VANCOUVER, Dec. 6, 2011 /CNW/ - ESO Uranium Corp. ("ESO" or the "Company") (TSX-V: ESO) today announced that its board of directors has adopted a Shareholder Rights Plan (the "Rights Plan"). The objective of the Rights Plan is to ensure, to the extent possible, that all shareholders of the Company are treated equally and fairly in connection with any take-over bid for the Company. Take-over bids may not always result in shareholders receiving equal or fair treatment or full value for their investment. In addition, current securities legislation only requires a take-over bid to remain open for 35 days. The Board believes that this period may be insufficient for the shareholders to evaluate a bid, or for the Board to pursue alternatives which could maximize shareholder value and make informed recommendations to shareholders. The Rights Plan was not adopted in response to, or in anticipation of, any acquisition or takeover offer. The Company is not aware of any pending or threatened takeover bid.

In order to implement the Rights Plan, the board of directors has authorized the issuance of the rights to holders of its common shares at the rate of one right for each common share outstanding. For administrative convenience, the rights will automatically attach to the common shares and will be represented by certificates representing the common shares. No further action will be required by the shareholders. On the occurrence of certain triggering events, which includes the acquisition by a person, or a group, of 20% or more of the votes attached to all outstanding voting shares of the Company in a transaction not approved by the board of directors, the rights will entitle to holders (other than the acquiring person or group) to acquire common shares of the Company at a 50% discount to the market price. The rights are not triggered by purchases of voting shares made pursuant to a "permitted bid", which is a takeover bid made by way of a formal takeover bid circular to all holders of common shares on identical terms, which is open for at least 60 days and is for a minimum of at least 50% of the outstanding voting shares held by independent shareholders, and which permits shareholders who tender their shares to subsequently withdraw them before the closing date of the bid.

The Rights Plan is subject to acceptance by the TSX Venture Exchange and ratification by the Company's shareholders. The Rights Plan will be submitted to the shareholders for ratification at the Company's next annual general meeting, to be held in the first quarter of 2012.

On behalf of the Board

"Ben Ainsworth"
Director

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GOLD DRILLING RESULTS POSITIVE ON DONNA GOLD PROPERTY, B.C.

http://finance.yahoo.com/news/ESO-Uranium-Corp-Gold-cnw-2225447615.html?x=0&.v=1

[pitbul13]

The Annonced a private placement on Friday. It's fully subscribed by investment banks and insider. Lots of interest here. PP closing should be announced near Wednesday!

[CharlyWise]

the compagny have find a very good field to exploited if they right it can be the next big raise for a penny stock !!

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I'm not sure of one single thing but could be a combination of a few. The news, risk on, the Fed?

[pitbul13]

Super price action today.. Wonder why? is it only a delayed reaction to the news, or something else?

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More high grade uranium boulders found in trenching programme, Patterson Lake South JV, Saskatchewan


VANCOUVER, Nov. 1, 2011 /CNW/ - ESO Uranium Corp. (TSX-V: ESO), (the "Company" or "ESO") and its 50% Joint Venture (JV) partner Fission Energy (TSX-V: FIS), are pleased to announce that the first phase of work resulted in the completion of 18 trenches. Line cutting is now underway for the second phase of work. Ground geophysical surveys including Max Min EM and Induced Polarization are expected to start this week. This trenching has started the detailed search for the bedrock source of the large uranium boulder field discovered by the Joint Venture in June 2011 (see news release dated July 27, 2011).

49 radioactive boulders located in and around the area of trenching

19 off-scale boulders & 8 trenches with significant radioactivity

Boulders increasing in size to the east, suggesting easterly source

Boulders still indicating that a window into Archean Basement is the target

Property extends well beyond probable source area
The uranium boulders discovered in June were all associated with basement rocks, schists, psammites and granulites, and not Athabasca sandstones or conglomerates. These boulders were plucked from a basement source by ice scouring the Archean basement rocks. In this new work, the largest off-scale boulder collected consisted of massive pitchblende with yellow secondary uranium minerals; it had dimensions of 25x30x40 cms (10x12x 16 inches). These larger blocks suggest that the bedrock source is close and well within the claims.

The boulder field discovery was built out of the work completed by Canadian Occidental in the late 1970s. The Patterson Lake South Joint Venture carried out the further work including specialized radiometric and magnetic airborne surveys, followed by ground work including radon and radiometric surveys, that enabled the discovery. "Boots on the Ground" were a key element to the actual discovery of an area which had been recognized in an assessment report of CanOxy. It was commented in this report that a zone that had been located with elevated surface radioactivity and several radon hot spots was probably due to "exotic" boulders in the till.

The Joint Venture recognizes the nature of the boulder cluster and the association with Archean rock types as being strong evidence to point to a nearby source in rocks of the Archean Basement. Recent traverses on the northeast side of the claim block have located no Archean boulders on the surface or in till. This suggests that there is no northeasterly extension of the erosional window into the older basement rocks.

Other companies currently active in the area include Titan Uranium Inc (TSX.V:TUE) who hold a claim block that straddles the Patterson and the Derkson Conductor Corridors and which occupies the area on the north side of the ESO-Fission JV claims.

In the area of the ESO-FIS JV claims, the Patterson Conductor Corridor runs along the boundary zone between the Clearwater and Western Granulite Domains. According to assessment reports submitted by SMDC, the Crown Corporation predecessor company of Cameco (TSX:CCO), this is interpreted to have had a favourable geological history, analogous to the highly productive Wollaston Domain along its boundary with the Mudjatik Domain in the East Athabasca Basin.

A map of the Patterson Lake South Property can be found on the Company's website at www.esouranium.com

Benjamin Ainsworth, P.Eng. BC, is the Qualified Person responsible for the technical disclosure contained in this news release.

On behalf of the Board of Directors of ESO Uranium Corp.

"Ben Ainsworth"

Vice President, Exploration

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HUNT FOR HIGH GRADE URANIUM SOURCE STARTS ON PATTERSON LAKE SOUTH JV, SASKATCHEWAN

ESO Uranium Corp. (TSX-V: ESO), (the “Company” or “ESO”) and its 50% Joint Venture (JV) partner Fission Energy (TSX-V: FIS), are pleased to announce that all permits for a programme of drilling, trenching and ground geophysical surveys has been received. Work has started in the search for the bedrock source of a large uranium boulder field discovered by the Joint Venture in June 2011 (see news release dated July 27, 2011). This work includes:
• Definition of local ice transport directions (underway) • MaxMin EM surveys to re-locate historical conductors on the
ground
• Resistivity survey to identify potential basement alteration zones
• Drilling to locate radioactive debris in glacial till from basement sources
• Drilling of high grade basement targets
The uranium boulders discovered in June were all associated with basement rocks, schists, psammites and granulites, and not Athabasca sandstones or conglomerates. These boulders were plucked from a basement source by ice scouring Archean basement rocks.
The target area is within a defined window of Archean rocks that are buried by 50-60 meters of till cover. The window was opened by glacial scouring along the southern edge of the Athabasca basin that also removed some of the younger Cretaceous cover. The programme is targeting high grade uranium deposits hosted in basement rocks, similar to those deposits found in the lower parts of the Shea Creek deposit (60 kms (40 miles) north of Patterson Lake) and the Millenium, Key Lake and Roughrider mega-deposits in the eastern Athabasca Basin. The 5 km length of the boulder field and distinct clusters of associated geochemical values in the boulder field suggest more than one source for the boulder field.
Drill targets have been selected, subject to modification by information from this new work program. The targets were determined by a review of technical data,
Suite 408 - 1199 West Pender Street, Vancouver, BC V6E 2R1 Telephone [phone] Fax [phone]
2
including geophysical surveys and parameters suggested by diamond drill hole information in assessment reports presented by Canadian Occidental in the late ‘70s. The geophysical data indicate several strong ground EM conductors on the east side of Highway 955 in the Patterson Conductor Corridor. The conductors appear to have been disrupted by non-conductive structures crossing them. The breaks in the conductors are also associated with a magnetic low that could be interpreted as an alteration feature. This sector of the Patterson Conductor Corridor lies about 3 kms northeast from the centre of the boulder field where some of the larger boulders were located.
The drill hole data available include geological logs and down-hole radiometric surveys. One hole, CLU-12-79 on the north side of the target area, showed two short intervals of sharply anomalous radioactivity in the basement rocks intersected. This hole also has a thicker section of regolith than other holes in the area which may reflect local hydrothermal alteration. These observations suggest possible proximity to mineralization.
The Patterson Conductive Corridor runs along the boundary zone between the Clearwater and Western Granulite Domains. According to assessment reports submitted by SMDC, the Crown Corporation predecessor company of Cameco (TSX:CCO), this is interpreted to have had a favourable geological history, analogous to the highly productive Wollaston Domain along its boundary with the Mudjatik Domain in the East Athabasca Basin.
An updated drill location map for the Patterson Lake South Property can be found on the Company’s website at www.esouranium.com
B.Ainsworth P.Eng. SK/BC is the Qualified Person responsible for the technical disclosure contained in this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
“Ben Ainsworth”
Vice President, Exploration For corporate communications please contact:
Robert (Bob) Meister ESO Uranium Corp. Vancouver, BC Phone: [phone] Toll Free: 1-866-629-8368 Email: [e-mail]

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Vancouver, Canada, February 3rd 2011: ESO Uranium Corp.
ESO AND URAVAN EXECUTE OPTION AGREEMENT
ESO Uranium Corp. (TSX-V: ESO), (the “Company” or “ESO”) is pleased to announce that it has entered into an Option to Purchase Agreement (the “Option”) with Uravan Minerals Inc. (Uravan).
ESO Uranium Corporation (ESO) has granted Uravan an exclusive Option to acquire 100% interest in their Mathison Lake mining claims (S-108465 and S-108466) (the “MATH project”) in the Athabasca Basin, Northern Saskatchewan. The MATH project totals 8121 hectares and adjoins Uravan’s Outer Ring (OR) project on the north. The OR property is owned 100% by Uravan and located along the Cable Bay shear zone in the Pasfield Lake area.
The Option is exercisable by Uravan over a three (3) year term conditional on: (1) Uravan making a one time cash payment to ESO amounting to Twenty-five Thousand Dollars ($25,000), (2) Uravan issuing an aggregate of 1,000,000 Uravan Common Shares to ESO, in four tranches of 250,000 Common Shares over three years, and (3) Uravan incurring an aggregate exploration expenditure on the MATH project of not less than Two Hundred Thousand Dollars ($200,000). Subject to Uravan fulfilling the terms of the Option, as described above, Uravan will acquire 100% interest in the MATH project and ESO will retain a 2% Uranium Royalty, a 2% Net Smelter Royalty on other non-uranium Mineral Products and a 5% Diamond Royalty. The Option is subject to the approval by the TSX Venture Exchange and any other appropriate regulatory body. When issued, all Uravan Common Shares issuable to ESO shall be subject to a four month hold period from the date of issue.
A surface geochemical program was completed over the OR project area in July 2010. The geochemical data from the Outer Ring sampling program capitalized on new technology developed from a pilot study conducted on the Cigar West uranium deposit (Cigar West Study) 1. The Cigar West Study was a collaborative applied research program conducted by Uravan and QFIR (Queen’s Facility for Isotope Research) in 2009 over a known high-grade uranium deposit. The study was designed to develop new surface geochemical techniques that can better identify bedrock sources of uranium mineralization at greater depths. This research clearly identified distinctive elements and isotopic compositions that have been mobilized from the deposit to the surface media from depths >450 meters. A similar surface geochemical survey is planned for the MATH project in early June 2011.
On behalf of the Board of Directors of ESO Uranium Corp.
“Anthony Harvey”
Chairman, President, CEO

[CharlyWise]

That will be a very nice buy for the long term !