ALEX CV

ALPHA EXPLORATION

Eritrea

Alpha Exploration Ltd. (“Alpha” or the “Company”) (TSXV: ALEX) is pleased to announce a first batch of results from its ongoing exploration drilling programme at the Aburna Gold Project. Core drill hole ABD029 has successfully intersected 12 metres grading 2.09 g/t gold within 31 metres grading 1.12 g/t gold which, coupled with other geological information and interpretation, advances this former exploration target to key prospect status.

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Beyond the Headline

Alpha has made another discovery within the Aburna corridor. At the new Obok prospect, Drill hole ABD029 intersected 12 m @ 2.09 g/t Au. within 31 m @ 1.12 g/t Au at approximately 60m below surface.  Other new-target drilling returned 6 m @ 2.81 g/t Au at EER and several lower-grade intervals (Figure 3-1).

Obok is particularly significant because it lies about 1.2 km ESE of Central, and the discovery hole is associated with an approximately 600m × 250m gold-in-soil geochemical anomaly (Figure 3-2).

Comment: The drill results are very encouraging, especially for a previously undrilled target. Aburna increasingly looks like a gold district with the potential to host multiple deposits rather than a single isolated discovery.

Figure 3-1
Source: Alpha Exploration

Figure 3-2
Source: Alpha Exploration