Connect with us

Precious Metals

Alpha Exploration drills 3.40 g/t gold over 7 metres at Kerkasha, Eritrea

Alpha Exploration Ltd. [ALEX-TSXV] reported final results from the first drilling program on its Aburna…

Published

on

This article was originally published by Resource World

Alpha Exploration Ltd. [ALEX-TSXV] reported final results from the first drilling program on its Aburna gold prospect, part of the 100%-owned Kerkasha project, Eritrea, Africa. A program consisting of 19 reverse circulation drill holes was completed in February and March this year and results from 18 of these holes were announced on May 3 and May 25, 2022. Now assay results have been received from the final hole ABR-015.

Highlights include drill hole ABR-015 in the Aburna Central area intersected three gold mineralized zones: 7 metres at 3.40 g/t gold, 17 metres at 0.35 g/t gold and 27metres at 0.51 g/t gold. Refer to original press release for complete assays.

Michael Hopley, President and CEO said, “I believe that Aburna is becoming a major 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.”

The Aburna gold prospect is located on the western side of the Company’s large Kerkasha Exploration License. Gold was mined at Aburna in the 1920s by Italian colonial miners and more recently by local artisanal miners. Earlier work by Alpha has identified gold mineralization over an area of approximately 4 km by 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 4th November 2021 and 10th February 2022). Results have defined six prospective sub-areas namely: Hill 52, Saddle Workings, Channel 12 NE, Celebration Hill, Pad 2 and Aburna Central. In addition, consultant structural Geologist Dr. Ghislain Tourigny has completed detailed geological mapping of all these areas.

Alpha has made three important discoveries in two years at it’s Kerkasha Project in Eritrea: Anagulu porphyry gold-copper; Tolegimja volcanogenic-massive-sulphide (VMS); and Aburna orogenic gold.

The large (771 km2) Kerkasha Exploration License in southwest Eritrea is located 135 km west-southwest of the capital city of Asmara. Since acquiring the property in January 2018, the company has spent approximately CAD$13 million on exploration and identified 17 prospects of which six have been drilled to date.

tsxv

Economics

“Sea Of Green”: Bears Crushed As Stocks Storm Above 50% Fib Retracement

"Sea Of Green": Bears Crushed As Stocks Storm Above 50% Fib Retracement

And just like that, the bears were run over.

We had a hint that…

Continue Reading
Precious Metals

3 Best Silver Stocks to Buy Now

The best silver stocks are top-of-mind currently. That’s because commodity classes, especially metals like silver and gold, are considered safe havens…

Continue Reading
Precious Metals

Biden Says Inflation Numbers Now Looking Good?

Precious metals markets continued rallying early this week. They gave back some of their gains on Thursday. As of this Friday recording, gold prices are…

Continue Reading

Trending