Alpha is pleased to announce it has completed the 2026 drilling program at the Aburna gold project with a total of 8,910 metres of drilling, 2,410 metres more than the originally planned 6,500 metres program. In addition, 1,224 metres of shallow rotary air blast (“RAB”) was completed to sample top-of-bedrock at the Obok prospect in certain targeted areas of transported soil cover where conventional soil sampling is ineffective.
Beyond the Headline
Alpha Exploration reported that it has completed 8,910m of diamond drilling, exceeding its
original 6,500 m program by 37%. It also completed 1,224m of shallow rotary air blast drilling
at Obok. Results have been reported for 4,495 m, leaving approximately 4,415m of drilling
awaiting assays. Significant previously reported 2026 results are as follows:
Table 3-1: Significant 2026 Drill Results Reported for Aburna Project (Alpha Explorations
press release October 22, 2026, October6, 2026 and September 21, 2026).
| Prospect | Hole | From (m) | Interval (m)* | Au grade (g/t) |
Northeast | ABD031 | 162.0 | 19.0 | 3.18 |
including | ABD031 | 174.0 | 7.0 | 7.09 |
Northeast | ABD033 | 32.0 | 12.0 | 1.53 |
Northeast | ABD034 | 247.0 | 13.0 | 1.53 |
Obok | ABD029 | 75.0 | 31.0 | 1.12 |
including | ABD029 | 90.0 | 12.0 | 2.09 |
EER | ABR202 | 67.0 | 6.0 | 2.81 |
| EER | ABR208 | 45.0 | 13.0 | 0.79 |
* Company estimates true widths at approximately 70–90% of reported drill lengths.
Only about 20% of the prospective Aburna corridor has received significant drilling. Gold
mineralization has been identified at Northeast, Hill 52, Central and Obok, with additional
indications along the structural corridor.
Comments
The Company controls 100% of the Kerkasha exploration license covering
514km2, where it has already made three materially different discoveries: Aburna orogenic
gold, Anagulu porphyry Cu-Au, and Tolegimja VMS Cu-Zn-Au as shown in Table 3-2
and Figure 3-1. The Company also has identified seven (7) additional Au-Cu-VMS targets
which are largely untested with the potential to outline more.
Table 3-2: Summary of Major Targets, Alpha Exploration, Kerkasha Exploration License
Project | Deposit type | Stage | Why it matters |
Aburna | Orogenic Au | Advanced exploration | Large 7 × 2 km gold system; maiden resource targeted |
Anagulu | Porphyry Cu-Au | Discovery/expansion | >2 km mineralized porphyry system with excellent early intercepts |
Tolegimja | VMS Cu-Zn-Au | Early discovery | >6 km prospective trend; analogue to Eritrean VMS systems |
Eritrea is very underexplored so as Alpha emphasizes, conventional techniques such as
trenching, soil sampling. RAB drilling and termite mound sampling are very effective at
outlining targets. Alpha has also used RAB drilling very effectively in areas with transported
soils to get down to bedrock.
Alpha gets an African discount but as John Wilton CEO of Alpha emphasizes, Eritrea is an
attractive country for mining investment. The time from discovery to development for Bisha
at nine (9) years is very favourable especially when compared to North American
jurisdictions. The Eritrean mining code is based on the Western Australian model. Access
and infrastructure are good with good road access to the Massawa port which has container
facilities.
I continue to follow this project with great interest as I think its potential is very
underappreciated.
Figure 3-1 Alpha Exploration
