Alpha Exploration Reports Drill Results from
Alpha Exploration Reports Drill Results from
Aburna Gold Prospect: Includes 9m @ 10 g/t
Gold
Calgary, Alberta--(Newsfile Corp. - November 14, 2023) -
Alpha Exploration Ltd.
(TSXV: ALEX)
("Alpha"
or the
"Company")
announces results from its recent drilling program completed over the
district scale Aburna Gold Prospect (
"Aburna"
) on the Company's 100% owned, 771km² Kerkasha
Project located in southern Eritrea.
Aburna is an orogenic-style gold prospect stretching approximately 7km northeast and 2km wide based
on elevated gold in soils, geological mapping, trenching and geophysical surveys as well as localized
drilling. To date, Alpha's exploration has established 6 different priority targets at Aburna. These latest
results are from 33 holes (5,565 meters) drilled in 4 of these priority targets, mostly from the Northeast
Area (17 holes), 8 holes from the Central Area, 7 from the Celebration Hill Area and 1 one from the Hill
52 Area (see Figure 1 below).
The purpose of this latest drilling program was to gain a greater understanding of the controls of
mineralization in the 4 areas drilled and to try and establish strike continuity by drilling a number of "scout
holes" with a large step-out from known gold mineralization.
In the Northeast Area prospect this drilling
has been successful in supporting the potential for a 1.2km long mineralized target as identified from
recent GAIP (Gradient Array Induced Polarization) and ground magnetics surveys (see news release
from October 2
nd
:
https://alpha-exploration.com/alpha-ground-geophysics-update-02-october-2023/
).
Within this 1.2km long target, drillhole ABR078 (9m @ 5.99 g/t Au) has extended a significant "shoot" of
gold mineralization to over 200m in length and as defined previously in drillholes ABR037 (16m @ 14.0
g/t Au) ABR043 (11m @ 3.99 g.t Au) and ABR044 (13m @ 4.24 g/t Au) (see Figure 2, 3 below). In
addition, drillhole ABR092 (9m @ 10 g/t Au) along with a prior reported hole from this program ABR069
(6m @ 5 g/t Au) have now indicated a separate, mineralized structure over 200m in strike length (also
see Figure 2, 3). Separately, drillhole ANR079 (30m @ 0.48 g/t Au) has extended mineralization by
400m along the main 1.2km trend in Northeast Area (Figure 2, 3). Follow up trenching has now been
completed on these targets with results expected in due course.
HIGHLIGHTS:
9 meters averaging 5.99 g/t gold from drillhole ABR078 (Northeast Area)
9 meters averaging 10.00 g/t gold from drillhole ABR092 (Northeast Area)
3 metres averaging 53.39 g/t gold
(*)
from drillhole ABD008 (Northeast Area)
2 significant mineralized structures defined at Northeast Area >400m in combined strike
length
Drilling supports the potential of 1.2km mineralized target in Northeast Area
(* includes 1m @ 158 g/t Au)
Michael Hopley, Alpha President & CEO said,
"The Aburna Gold Prospect is so large that it is
important that Alpha is able to narrow its focus on the most promising targets. The results of
this recent drilling program including 9m at 10 g/t gold from drillhole ABR092, have established
the Northeast Area as one of the most encouraging targets. Follow-up trenching has already
been completed and an aggressive drilling program is planned - subject to financing - to start
later this year. The next drilling program will focus on three principal targets, covering a
combined strike length of 5km and have been generated from all work to date on the prospect.
The objective will be to further define mineralized lenses at Aburna prior to resource drilling
which is expected to begin, subject to financing, later in 2024. We look forward to updating
shareholders with further results in due course."
Figure 1. Aburna overview map with all newly announced drillholes shown with all existing
drillholes, geology and gold in soil assays
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8361/187317_e28c4c0d149dd957_001full.jpg
Figure 2: Recent drilling confirms potential over Northeast Area target (ground geophysics
background)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8361/187317_e28c4c0d149dd957_002full.jpg
Figure 3: Recent drilling confirms potential over Northeast Area target (mapped geology
background)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8361/187317_e28c4c0d149dd957_003full.jpg
An updated version of the Company's presentation is available here:
https://alpha-exploration.com/wp-
content/uploads/2023/09/Alpha-Exploration-Presentation-November-2023.pdf
Drill Program
33 holes were drilled at Aburna between February and July 2023 and involved the completion of 28
reverse circulation (RC) and 5 diamond drilling (DD) drill holes.
RC Drilling
In total, 16 RC holes for 2,634 metres were drilled at Northeast Area, 6 holes for 1,218m at Central Area
and 6 holes at Celebration Hill for 904 metres. Holes were orientated at -50 degrees down to a
maximum depth reached of 264m. The RC program was designed to step out from prior drilling across
the Northeast Area, Central and Celebration Hill prospects. Four scout holes (ABR079 - 082) were
drilled 400m north east of current drilling at the Northeast Area within a soil anomaly where mineralized
structure continuity has been mapped and channels samples, including ABCHAN 061 + 063, indicated
strong gold mineralization at surface.
Diamond drilling
In total, 5 DD holes for 809 metres have been completed at Aburna with one each at Hill 52, Northeast
Area and Celebration Hill and a further 2 DD holes at Central prospect. The drilling was designed to
characterise mineralogy and structure at key areas of high grade mineralization that had been drilled
previously by the Company. Holes were orientated at -50 degrees down to a maximum depth reached of
209.5m
Trenching Program
20 trenches totalling 967 metres have been completed across the three primary targets interpreted from
the GAIP survey. The trenches were typically 40m to 50m long and spaced approximately 200 metres
from each other, orientated NW-SE, perpendicular to the interpreted strike of mineralization. The
trenches were excavated using a backhoe down to an average depth of 2m and then systematically
sampled at 1m intervals, and subsequently logged by the Company's exploration team. The program
was designed to follow up on three major structural features interpreted from the GAIP survey including
part of "Target 3", a 1.2km and separate 500m long chargeability high in the Northeast Area, "Target 2",
a 1.25km long chargeability and resistivity high and "Target 1" a >2km long chargeability high with
moderate intensity. Significant oxidised pyrite has been observed in the trenches within Target 2. Assay
results are expected in late 2023.
Table 1: Significant Mineralized intervals from Alpha's recent drilling at Aburna
Hole_ID
Sub prospect
Hole
Depth
(m)
Hole
Type
Intersection
Depth From (m)
Intersection
Depth To
(m)
Interval
(m)
Au g/t
ABR049
Celebration Hill
112
RC
No Significant Intervals
ABR070
Central
174
RC
57
58
1
20.3
64
69
5
1.52
131
134
3
1
143
148
5
0.62
155
161
6
0.27
ABR071
Celebration Hill
192
RC
No Significant Intervals
ABR072
Celebration Hill
168
RC
No Significant Intervals
ABR073
Celebration Hill
180
RC
No Significant Intervals
ABR074
Celebration Hill
102
RC
No Significant Intervals
ABR075
Celebration Hill
150
RC
No Significant Intervals
ABR076
Northeast
180
RC
113
114
1
1.09
ABR077
Northeast
144
RC
1
8
7
0.89
33
36
3
0.34
94
95
1
2.31
ABR078
Northeast
210
RC
156
165
9
5.99
including
156
161
5
10.55
ABR079
Northeast
216
RC
27
29
2
1.32
38
43
5
0.21
53
56
3
1.98
108
138
30
0.48
143
144
1
3.08
161
172
11
0.42
178
183
5
0.45
ABR080
Northeast
150
RC
71
72
1
1.28
99
105
6
1.16
140
143
3
0.34
ABR081
Northeast
216
RC
44
53
9
0.47
58
65
7
0.33
97
109
12
0.34
ABR082
Northeast
198
RC
9
16
7
0.31
39
48
9
0.41
83
84
1
1.33
156
160
4
0.56
ABR083
Northeast
150
RC
12
17
5
0.75
56
61
5
0.55
ABR084
Northeast
102
RC
10
17
7
0.98
35
46
11
0.23
ABR085
Northeast
102
RC
4
11
7
0.51
19
23
4
0.48
26
27
1
1.04
34
35
1
3.29
53
54
1
2.68
61
64
3
3.71
ABR086
Northeast
102
RC
7
13
6
1.54
ABR087
Northeast
150
RC
51
54
3
0.54
73
78
5
0.28
109
110
1
1.43
126
128
2
1.77
139
140
1
1.53
ABR088
Northeast
216
RC
54
55
1
6.24
55
56
1
1.41
64
70
6
0.41
94
95
1
2.29
168
174
6
0.32
187
188
1
2.39
ABR089
Northeast
174
RC
73
74
1
1.85
139
144
5
1.14
150
154
4
0.35
ABR090
Central
150
RC
No Significant Intervals
ABR091
Central
258
RC
157
161
4
0.17
226
230
4
0.3
ABR092
Northeast
216
RC
55
64
9
10
106
111
5
0.27
164
165
1
3.28
173
174
1
3.81
181
192
11
0.61
ABR093
Northeast
108
RC
104
107
3
0.41
ABR094
Central
168
RC
No Significant Intervals
ABR095
Central
204
RC
No Significant Intervals
ABR096
Central
264
RC
198
201
3
0.42
213
222
9
0.65
235
240
5
0.39
250
258
8
0.65
ABD006
Central
136.6
DD
67
71
4
0.47
82
86
4
0.39
113
124
11
0.5
ABD007
Central
209.5
DD
83
87
4
1.13
93
94
1
1.77
103
107
4
0.86
114
121
7
0.81
186
190
4
0.43
ABD008
Hill 52
191.5
DD
1
2
1
1.13
9
16
7
0.35
20
26
6
1.41
32
36
4
0.97
77
80
3
0.34
125
134
9
17.9
including
129
132
3
53.39
including
129
130
1
158
144
148
4
0.83
171
174
3
0.35
ABD009
Celebration Hill
128.3
DD
18
25
7
0.31
31
36
5
0.21
ABD010
Northeast
136.6
DD
24
32
8
0.88
38
46
8
0.69
56
58
2
10.06
Note: At this early stage of exploration, the true width of the mineralisation is uncertain, but it is estimated to be 80% of reported intervals.
Significant Intervals were calculated with a start and finish value of > 0.2 g/t gold, a minimum width of 3m and maximum internal dilution of 2m at
<0.2g/t gold. Any lone assay value of >1.00 g/t gold in also considered significant. For more details, see Alpha news releases dated June 27, 2022,
September 14, 2022, November 24, 2022, and May 24, 2023.
Sampling, Sub-sampling and Analysis
Geological consultants from RSC were responsible for the design of a strict QA/QC program consistent
with industry best practice. Drilling of the reported intervals was by both reverse-circulation (RC) and
diamond drilling. RC samples were split at the rig using a Metzke splitter and then logged on site.
Diamond drill core was logged and then cut in half longitudinally at site using a diamond saw and half of
the core (in 1-meter intervals) was transported to a secure location for logging.
All samples were submitted to Nabro Laboratories Limited (Nabro), Asmara, Eritrea, for sample
preparation. Samples 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 130 g for laboratory analysis
and approximately 150 g for portable X-ray fluorescence (pXRF) analysis. The coarse and pulp rejects
are stored at a warehouse in Asmara. The Company inserted certified reference material from OREAS
(
www.ore.com.au
) into the sample stream, while Nabro inserted barren granodiorite material into the
sample stream as a blank. Drill 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 16m @ 14.07g/t Au, 9m @10 g/t Au and 23m @ 6.74 g/t Au.
The Anagulu Gold-Copper Prospect includes recent drilling intersections of 108m @ 1.24 g/t Au &
0.60% Cu & and 49m @ 2.42 g/t Au & 1.10% Cu within a major porphyry unit mapped over at least 2km.
The Company has also advanced the Tolegimja VMS 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/187317