Alpha Exploration Ltd. (TSXV: ALEX) has released the final results from the first phase of its 2024 drilling program at the Aburna Gold Prospect in Eritrea. The drilling program, which included both reverse-circulation (RC) drilling and diamond core (DC) drilling, has yielded promising results.
The company has completed the first phase of its planned 20,000-meter drilling program at Aburna. One notable result is from drillhole ABRD113, which was designed to test the main Northeast Area mineralized shoot at depth. It successfully intercepted a high-grade lens, including 5 meters at 11.03 grams per tonne of gold (g/t Au). This intercept is consistent with previous drillholes in the Northeast Area, indicating the presence of significant mineralization.
Another positive result comes from drillhole ABRD118, which was aimed at testing the down dip potential at the Central Area. It intercepted 4 meters at 5.96 g/t Au, extending the known mineralization down dip. These findings demonstrate the potential for further mineralization in the area.
The Aburna Gold Prospect is a major orogenic gold prospect that spans an area of at least 7 kilometers long and 2 kilometers wide. It is one of the three significant discoveries made by Alpha on the Kerkasha Project in the past three years. The company has identified six primary areas of interest at Aburna, including Central Area, Hill 52, and Northeast Area.
Michael Hopley, President and CEO of Alpha, expressed his satisfaction with the positive results from the first phase of the drilling program. He highlighted the confirmation of the high-grade mineralized orientation at Aburna and the company’s well-funded position to accelerate exploration on the prospect.
With the completion of the first phase of the drilling program and the successful conclusion of a C$7 million financing, Alpha is now well-positioned to advance its exploration efforts at Aburna and other projects on its license. The company remains committed to updating shareholders on its future work programs at Aburna.
Alpha engaged an independent consultancy, RSC Mining & Mineral Exploration, to develop a Standard Operating Procedure for sample analysis. The samples were analyzed by ALS Geochemistry, an independent laboratory, using industry-standard methods.
Alpha Exploration Ltd. is an exploration company focused on advancing gold and base metal discoveries in Eritrea. The company’s management team comprises experienced professionals with a successful track record in the region.
Overall, the positive results from the first phase of Alpha Exploration’s drilling program at the Aburna Gold Prospect indicate the presence of significant mineralization. The company’s well-funded position and commitment to advancing its exploration efforts bode well for future success in unlocking the potential of the prospect.