Alpha Exploration Ltd. - Grant of Share Options
Alpha Exploration Ltd. - Grant of Share
Options
Calgary, Alberta--(Newsfile Corp. - March 8, 2022) -
Alpha Exploration Ltd.
(TSXV: ALEX
) ("
Alpha
"
or the "
Company
") announces its intention to grant 100,000 share options to a director. The exercise
price of the share options was set at CAD$0.66 and the share options will be exercisable for a period of
five years, up to and including 8 March 2022.
The grant of share options is subject to approval by the TSX Venture exchange.
About Alpha
The company is focused on the discovery of world class economic gold and base metals deposits in the
highly prospective Arabian-Nubian shield, on either side of the Red Sea. Alpha currently holds a 100%
interest in the large (771 km
2
) Kerkasha Exploration License in southwest Eritrea on which 17 in
prospects have been identified to date. The large Anagulu gold-copper porphyry system was a virgin
discovery by Alpha geologists in early 2018, that was made while executing a property-wide soil
sampling program. The discovery diamond hole was drilled in January 2020 and reported a 49-m wide
interval with an average grade of 2.42 g/t gold, 1.10% copper and 6.83 g/t silver.
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. 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. 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.
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
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/115996