Lustdust
Alpha Gold Corp.’s 100% owned, royalty free Lustdust Property comprises 20 contiguous, mineral claim tenures totalling 9583 hectares and contains twelve known mineralized areas. The Lustdust Property is located in north central British Columbia, on NTS 93N/11W at latitude 55 34’ North (Northing 6160175) and 125 25’ West (Easting 347850).
The Lustdust Property contains twelve known mineralized areas, including: the Copper-Gold Canyon Creek Skarn Deposit(1) and North Skarn(2) (heretofore called the Skarn Extension); the Glover Stock with Porphyry Molybdenum(3); the Number 1(4), 2(5) and 3(6), 4B(7), East(8) and GD(9) zones of base and precious metal rich sulphide manto; the Bralorne Takla Mercury Mine(10); the exploratory tunnels of the Takla Silver Mine(11) (BCMINFILE 093N009), a developed prospect that contains high grade gold-silver veins; and potentially Carlin-style mineralization in the Valley(12) zone.
In 2010, an Independent Resource Estimate contained in the National Instrument 43-101 (NI 43-101) compliant Technical Report was prepared by Ronald G. Simpson, PGeo, of GeoSim Services Inc., for the Canyon Creek Skarn (CCS) Zone. GeoSim’s technical analysis estimates that the Copper-Gold CCS Deposit has an Indicated Resource* containing 49,094 ounces of gold, 31.1 million lbs of copper and 1,149,807 ounces of silver; and a further Inferred Resource* containing 108,410 ounces of gold, 58.0 million lbs of copper and 2,027,956 ounces of silver, using a cutoff grade of 1.5% copper equivalent.
Working carefully to preserve the environment, reclamation at the Lustdust Property has been an ongoing undertaking of well thought out, well implemented and well organized planning that has been, and continues to be, executed by an experienced team of local First Nations and Alpha Gold representatives. To date, 90% of the approximate 100 trenches are backfilled and reshaped with new forest floor growth on the surface, approximately 264 historical and recent (2009) drill hole pads have been completely reclaimed. Reseeding all of these areas was a method of past exploration years, however, through discussions with the local Ministry of Mines in Prince George, the Ministry of Forests in Fort St. James and local First Nations Territorial landowners, Alpha will be planting seedling trees and local native species in the 2011 season. These activities will bring the environment back to resemble what had grown there in years past.
On September 22, 2010, the British Columbia Technical and Research Committee on Reclamation (TRCR) named the Company the recipient of its 2009 Mineral Exploration Citation Award for outstanding achievement in reclamation at Lustdust.
Alpha Gold Corp. continues to explore the potential of the Lustdust Property and looks forward to it’s future.
*Note: Mineral resources that are not reserves do not have demonstrated economic viability. An Inferred Mineral Resource is that part of a mineral resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. An Indicated Mineral Resource has a higher level of confidence than an Inferred Mineral Resource but has a lower level of confidence than a Measured Mineral Resource.