- Alpha Exploration (ALEX) released final results from the first drilling program on its Aburna gold prospect
- Part of the company’s Kerkasha Project in Eritrea, a program consisting of 19 reverse-circulation drill holes was completed in February and March 2022
- Drill hole ABR-015 in the Aburna Central area intersected 3 gold mineralized zones
- Alpha Exploration (ALEX) is unchanged, trading a at $0.68 at 10:50 am ET
Alpha Exploration (ALEX) has released the final results from the first drilling program on its Aburna gold prospect.
Part of the company’s 100 per cent owned Kerkasha Project in Eritrea, a program consisting of 19 reverse-circulation drill holes, was completed in February and March 2022. Assay results have been received from the final hole, ABR-015.
Drill hole ABR-015 in the Aburna Central area intersected 3 gold mineralized zones
- 7 meters at 3.40 g/t gold
- 17 meters at 0.35 g/t gold
- 27meters at 0.51 g/t gold
Alpha President and CEO Michael Hopley believes that Aburna is becoming a significant gold discovery for Alpha.
“Latest results from drill hole ABR-0015 shows more wide zones of gold mineralization which warrant further drilling. Overall, the first drilling campaign at Aburna has been very successful and has shown that at least three areas, Hill 52, Celebration Hill and Aburna Central, on the very large Aburna gold prospect are returning very encouraging drill results. We plan to start follow-up drilling at Aburna in the next few weeks.”
Since acquiring the property in January 2018, the company has spent approximately C$13 million on exploration and identified 17 prospects, of which six have been drilled to date.
Alpha Exploration (ALEX) is unchanged, trading a at $0.68 at 10:50 am ET.