Alpha Minerals (TSXV:AMW) shares have been on a tear since last fall when they discovered high grade uranium close to surface at the Patterson Lake South project in the Western Athabasca Region of Saskatchewan and analysts believe this trend will continue over the coming months. Here's the 12 month chart:

amw 12 months

Today, the company announced more impressive results: Alpha Minerals Reports Step-Out Drilling Hits 85.5m of Mineralization Including 18.93m of "Off-Scale" Radioactivity at Patterson Lake South, Athabasca Basin.

Alpha's summer exploration program is underway and they're about to drill some of their strongest, yet-to-be-tested targets which could add substantial pounds, in the form of new pods of mineralization, to the PLS discovery.

Raymond James has a $7.80 12 month price target on the shares, saying "There's nothing else like it" and Cormark has a $6.50 target. Our market technician thinks the shares are going even higher than that, to $9, for what it's worth.

For the backstory check out our April interview with VP Exploration Garrett Ainsworth, the young man who deserves much of the credit for this discovery.

Disclaimer: We own Alpha shares. Do your own due diligence. This is not investment advice.