Aburna Gold Prospect
The Aburna gold prospect is located on the western side of the Company's Kerkasha Exploration License. Gold was mined at Aburna in the 1920s by Italian colonial miners and more recently by local artisanal miners. Earlier soil and rock-chip sampling by Alpha identified gold mineralization over a large area (approximately 6 km x 2 km) northeast of the colonial mine. Gold mineralization at Aburna is orogenic-type associated with three major NE-SW oriented shear zones. Recent work by Alpha has included continuous 1-m long sub-surface channel and trench sampling (See press releases on
Anagulu gold-copper porphyry prospect
As announced on
Assay results for gold, copper and molybdenum have now been received from the 'diamond tail' of ABRD045 and show broad zones of low-level copper mineralisation and elevated molybdenum near the end of the hole as follows:
At ~300 m, the potassic alteration encountered higher up the hole was replaced with phyllic alteration hosted in a quartz diorite that appeared to be largely unmineralized. At ~500 m the potassic alteration returned and persisted to the end of the hole. The potassic alteration near the end of the hole and increasing molybdenum content may indicate a return of mineralisation at greater depths.
Alpha believes that this drill hole has not, as hoped, found the source of the broad zones of copper and gold mineralization identified over a 2 km strike length at Anagulu at surface and in previous drilling. Further detailed analysis of the core from ANRD045, and surrounding area is warranted, to plan further work at Anagulu.
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, before being transported to a secure location for logging. Diamond drill core was 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
About Alpha
Alpha is an exploration company listed on the TSX-V exchange under the symbol ALEX that has made three important discoveries in two years at it's
Aburna orogenic gold
Anagulu porphyry gold-copper
Tolegimja volcanogenic-massive-sulphide (VMS)
The company is managed by a group of highly experienced and successful professionals with many years of experience carrying out exploration and resource development programs in
Contact:
President and Chief Executive Officer
Email: mhopley@alpha-exploration.com
Tel: +44 207129 1148
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.
(C) 2022 Electronic News Publishing, source