Alpha Exploration Announces More Positive Drilling Results from Aburna
Alpha Exploration Announces More Positive
Drilling Results from Aburna
Calgary, Alberta--(Newsfile Corp. - January 30, 2024) -
Alpha Exploration Ltd.
(TSXV:
ALEX)
("Alpha"
or the
"Company")
announces initial drilling results from a 10,000m drill program
underway on its Aburna Gold Prospect (
"Aburna"
) on the Company's 100% owned, 771 km² Kerkasha
Project located in Eritrea. Drilling consists of both reverse-circulation ("RC") drilling and diamond drilling
("DD").
Initial assays, including 20m @ 2.82 g/t Au (Hole ABR100) and 22m @ 1.71 g/t Au (Hole ABR105), have
been received from ongoing drilling at Aburna where assays from nine drill holes from Central Area and
three drill holes from Northeast Area have been completed to date. Significantly, these results have now
established wide, continuous mineralization close to surface at Central Area for over 300m in strike,
confirming a dominant northeast plunge that is open along strike and up and down plunge (Figure 1). At
Northeast Area, assays received from three incomplete holes that have not yet drilled deep enough to hit
their intended target and are testing a similar plunge orientation, have already intersected up to 2m @
13.11 g/t Au (hole ABR108) and 1m @ 14 g/t Au (ABR109).
Aburna is a major, district scale orogenic gold prospect covering an area of at least 7km long and 2km
wide and is one of the three significant discoveries made by Alpha on the Kerkasha licence in the last
three years. Exploration to date by Alpha on the project has defined six primary areas of interest, and
has established significant high-grade gold mineralised systems at Central Area, Hill 52 and Northeast
Area (see Figure 2, below).
HIGHLIGHTS:
20m @ 2.82 g/t Au, 22m @ 1.71 g/t Au and 24m @ 1.17 g/t Au reported from Central Area
2m @ 13.11 g/t Au and 1m @ 14 g/t Au from partially completed holes from Northeast Area
Drilling defines significant shallow gold mineralised lens 300m long, fully open at Central
Area
Plunging geometry of gold mineralization shoots at Central Area confirmed
Further drilling underway at Central, Hill 52 & Northeast area prioritising similarly oriented
gold shoots
Drill Program
The Company commenced the current drill program in December 2023. To date, 33 holes for 5,188
metres have been drilled at Central Area (13 holes), Hill 52 (11 holes) and Northeast Area (9 holes).
Assay results have been received from 14 of these 33 holes. A full table of significant intercepts from
assay results received to date is available in Table 1, below.
Michael Hopley, Alpha President & CEO said,
"We are very pleased with these early drilling results
for two main reasons; firstly, our interpretation that mineralization is likely plunging to the
northeast as "shoots" has been confirmed in Central Area. Secondly, these results have begun
to define wide, consistent zones of near surface gold mineralization at Aburna that relate to
higher-grade mineralization seen in prior drilling. These initial, positive assay results mark a
major milestone in the understanding of the geometry of the mineralization at Aburna. A similar
model of mineralization is being tested at both the Hill 52 and Northeast Areas and has the
potential to significantly increase the size and scale of mineralized lenses so far defined on the
project.
We are also very pleased to report that initial drilling at Northeast Area is already intersecting
high grade gold mineralization including 2m @ 13.11 g/t Au from holes that have yet to be drilled
deep enough to hit their intended target and will be completed with deeper DD 'tails' shortly. We
look further to reporting further drill assay results when received."
Figure 1: Long section with drilling to date at Central Area and defined plunging shoot
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Figure 2: Map of Aburna with main prospects defined and drilling completed to date
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Figure 3: Central Area: new drilling (yellow boxes, collars) and existing mineralization (white
boxes, collars)
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Figure 4: Photos from drilling program
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Table 1: Significant drilling intercepts from assays received
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Dominant gold mineralization control confirmed at Aburna
Drilling completed at Aburna last year, (https://alpha-exploration.com/alpha-reports-drill-results-from-
aburna-gold-prospect-includes-9m-10-g-t-gold/) established the potential that a dominant mineralization
control at several prospects within Aburna including Northeast, Central and Hill 52 areas is likely
plunging to the northeast, and contained within "shoots" orientated at 065-070°.
The current, 10,000m
drill program is designed to test this likely mineralization plunge at all three of these prospects amongst
other drill targets. Visual mineralization estimations from RC chips and DD core at Central Area suggest
that these plunging shoots are present and have been targeted effectively both up and down plunge.
Further confirmation has now been received from the initial assays from Central Area with consistent,
wide gold mineralization extended to over 300m following the plunge orientation.
Ongoing drilling at Central Area is testing the mineralized extension down plunge as well as confirming
similar mineralization control at both the Hill 52 and Northeast Area targets.
Sampling, Sub-sampling and Analysis
Alpha engaged an independent Consultancy, RSC Mining & Mineral Exploration (RSC) to develop a
Standard Operating Procedure ("SOP") for both RC and DD drill samples in June 2021 and all samples
in this release use this RSC SOP. The RSC SOP utilizes blank standards and industry standards that
are inserted at the beginning and end of every batch (and every 20 samples within the batch) for all
batches submitted to ALS for assay. Additionally, field replicates are taken at a frequency of about 1 in 5
(20%) through mineralized areas.
One meter samples from both RC and DD drilling were crushed (to >90% passing 2.0 mm) and
pulverised (to >85% passing 75 μm). Two scoop samples were taken from the pulveriser bowl:
approximately 130g for laboratory analysis and approximately 150g for portable X-ray fluorescence
(pXRF) analysis. The coarse and pulp rejects were stored at Alpha's warehouse in Asmara. The
Company inserted certified reference material from OREAS (www.ore.com.au) into the sample stream,
while Nabro sample preparation facility inserted barren granodiorite material into the sample stream as
a blank. Samples were shipped to ALS Geochemistry (ALS), Loughrea, Ireland, for analysis. ALS
analysed all drill samples for gold by method Au-AA26 (50 g charge fire assay, AAS finish). ALS is
independent of the Company and its quality management systems framework is accredited to ISO/IEC
17025:2005 or certified to ISO 9001:2015 standards.
About Alpha
Alpha (TSXV: ALEX) is an exploration company that is rapidly advancing a number of important gold
and base metal discoveries across its 100% owned, large (771 km
2
) Kerkasha Project in Eritrea.
The Aburna Gold Prospect is an exciting new gold discovery where recent drilling has established a
high-grade discovery with grades including 16 m @ 14.07 g/t Au, 9 m @ 10 g/t Au and 23 m @ 6.74 g/t
Au. The Anagulu Gold-Copper Prospect includes recent drilling intersections of 108 m @ 1.24 g/t Au
and 0.60% Cu and 49 m @ 2.42 g/t Au and 1.10% Cu within a porphyry unit mapped over at a >2 km
strike length.
The Company has also advanced the Tolegimja volcanogenic massive sulphide copper-
zinc-gold Prospect and over 17 other gold prospects since listing in 2021.
The Company is managed by a group of highly experienced and successful professionals with long track
records of establishing, building and successfully exiting a number of world class gold and base metals
discoveries in Eritrea and across the wider Arabian Nubian Shield.
For further information go to the Alpha webpage at
www.alpha-exploration.com
or contact:
Michael Hopley
President and Chief Executive Officer
Alpha Exploration Ltd.
Email:
Tel: +44 207129 1148
Qualified Person
All scientific and technical information in this press release, including the results of the Aburna drill
program and how these results relate to the ongoing exploration at the Kerkasha Project has been
reviewed, verified, and approved by Michael Hopley, President, Chief Executive Officer of Alpha and a
"qualified person" for the purposes of National Instrument 43-101
- Standards of Disclosure for Mineral
Projects.
Cautionary Notes
This press release is intended for distribution in Canada only and is not intended for distribution to
United States newswire services or dissemination in the United States.
Forward-Looking Statements
Certain statements and information herein, including all statements that are not historical facts,
contain forward-looking statements and forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements or information include but are not limited to
statements or information with respect to future dataset interpretations, sampling, plans for its projects
(including the Anagulu prospect), surveys related to Alpha's assets, and the Company's drilling
program. Often, but not always, forward-looking statements or information can be identified by the use
of words such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may"
or "should" and the negative of these words or such variations thereon or comparable terminology are
intended to identify forward-looking statements and information. With respect to forward-looking
statements and information contained herein, Alpha has made numerous assumptions including
among other things, assumptions about general business and economic conditions and the price of
gold and other minerals. The foregoing list of assumptions is not exhaustive.
Although management of Alpha believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no assurance that
forward-looking statements or information herein will prove to be accurate. Forward-looking statements
and information by their nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause actual results, performance or achievements, or
industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. These factors include, but
are not limited to: risks relating to Alpha's financing efforts; risks associated with the business of Alpha
given its limited operating history; business and economic conditions in the mining industry generally;
the supply and demand for labour and other project inputs; changes in commodity prices; changes in
interest and currency exchange rates; risks relating to inaccurate geological and engineering
assumptions (including with respect to the tonnage, grade and recoverability of reserves and
resources); risks relating to unanticipated operational difficulties (including failure of equipment or
processes to operate in accordance with specifications or expectations, cost escalation, unavailability
of materials and equipment, government action or delays in the receipt of government approvals,
industrial disturbances or other job action, and unanticipated events related to health, safety and
environmental matters); risks relating to adverse weather conditions; political risk and social unrest;
changes in general economic conditions or conditions in the financial markets; changes in laws
(including regulations respecting mining concessions); risks related to the direct and indirect impact
of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to
obtain financing as required, and causing potential delays to exploration activities; those factors
discussed under the heading "Risk Factors" in the Final Prospectus; and other risk factors as detailed
from time to time. Alpha does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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