Terminating the option agreement for the Okeover removes Alpha’s obligation for a pending share issuance and a further
“We decided to terminate the option agreement based on all exploration results to date,” stated
Okeover Drill program
Situated approximately 20 km north of the community of
Table 1. Collar locations for diamond drill holes in the 2022 Okeover drill program.
Hole ID | Projection | Easting | Northing | Elevation (m) | Dip (o) | Azimuth (o) | Depth (m) |
OK-22-01 | NAD83_10N | 381805 | 5544461 | 904 | -65 | 79.5 | 501.73 |
OK-22-02 | NAD83_10N | 382061 | 5544472 | 912 | -70 | 257.1 | 493.2 |
OK-22-03 | NAD83_10N | 381959 | 5544638 | 879 | -70 | 281.7 | 358.44 |
OK-22-04 | NAD83_10N | 381908 | 5544552 | 896 | -70 | 79.62 | 571.77 |
Total | 1925.14 |
Table 2. Assay results of the Okeover drill program.
Data Verification
Drill core was halved on site. One half of the drill core remains on site in a core storage facility. The other half of the core was bagged, and security tagged and sent to ALS (2022) Laboratories for multi-element chemical analysis and assay. Upon receipt of the samples Alpha’s QAQC protocol flags any sets of samples that may not meet standards for disclosure, which are then sent back to the laboratory for re-assay. All assays reported here passed ALS and Alpha QAQC protocols.
Marketing Agreement
Alpha also announces the termination effective
Qualified Person
This news release has been reviewed and approved by Mr.
On Behalf of the Board of Directors,
~Darryl Jones~
CEO, President & Director
Contact
Invictus Investor Relations
+1 (604) 343.8661
walter@invictusir.com
About
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
Table 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/72ed3dbb-c671-4368-89b7-9136c7e45ea3
Table 2
Assay results of the Okeover drill program.
2023 GlobeNewswire, Inc., source