Alpha Exploration Ltd. is pleased to announce that results of recently completed soil geochemical survey at the Aburna Gold Prospect has expanded the known gold anomaly from 6x2kms to over 7x2kms - see Map 1 below. In addition, twenty-four channels and five trenches have been sampled in various locations with the aim of delineating new drill targets at Aburna. Assay results from fourteen channels and all five trenches [...]
Alpha Exploration Ltd. is pleased to announce a non-brokered private placement financing of units at a price of C$0.70 per Unit , for aggregate gross proceeds of up to C$5 million . Each Unit is comprised of one ordinary share of the Corporation and one ordinary share purchase warrant . Each Warrant will entitle the holder to acquire one additional Share at an exercise price of $1.05 per Warrant Share for a period of 24 [...]
Alpha Exploration Ltd. would like to update investors on the Company's recent activities and future plans. Alpha holds a 100% interest in the large Kerkasha Exploration License in southwest Eritrea. Since acquiring the property in January 2018, the company has spent approximately CAD$14 million on exploration and identified twenty prospects of which six have been drilled to date. Based on these results, three prospects [...]
Alpha Exploration Ltd. is pleased to announce results from recent drilling campaign at its Aburna gold prospect which consisted of 25 drill holes totalling 3,196 m. Aburna is located in the southwest part of Alpha's large , 100% owned, Kerkasha Project. ABURNA DRILL HOLE HIGHLIGHTS Sub Area Hole From To Interval Average g/t Gold Hill-52 Area ABD001 45 59 14.00 1.09 Hill-52 Area ABD001 66 72 6.00 6.11 *Hill-52 Area ABD001 [...]
Alpha Exploration Ltd. announces that Mr. Francisco Del Castillo of Malaspina Consultant Services has recently resigned his position as Chief Financial Officer of Alpha to pursue other interests. Ms. Denitsa Doncheva, also of Malaspina, has been appointed to the position of CFO to Alpha with immediate effect. Malaspina is a private company that provides accounting, administrative and CFO services to Canadian public [...]
Alpha Exploration Ltd. is pleased to announce that it has completed the drilling program that was announced on July 7th, 2022. The program was initially going to consist of about 1,000 meters of diamond drilling and 3,000 meters of reverse-circulation drilling on three of Alpha's most important prospects on its large 100% owned Kerkasha Project, Eritrea. However, the program was changed so that the last four drill holes [...]
Alpha Exploration Ltd. is pleased to announce that, after market close on September 13, 2022, it closed the first tranche of its previously announced non-brokered private placement of units in the capital of the Corporation at a purchase price of $0.70 per Unit , for total aggregate gross proceeds of $1,710,409.40 . The principal use of the proceeds of the Offering will be for funding ongoing exploration work on the [...]
Drill Hole at Aburna Gold Returns 20m at 7.73 g/t Gold Alpha Exploration Ltd. is pleased to announce that it has recently completed the diamond drilling part of the drilling program that was announced on July 7th 2022, and consisted of approximately 1,000 meters of diamond drilling and 3,000 meters of reverse-circulation drilling on three of its most important prospects on its large 100% owned Kerkasha Project, Eritrea [...]
Alpha Exploration Ltd. is pleased to announce a non-brokered private placement financing of units at a price of C$0.70 per Unit , for aggregate gross proceeds of up to C$3,600,000 million and a maximum of 5,142,857 Units . Each Unit is comprised of one ordinary share of the Corporation and one whole ordinary share purchase warrant . Each Warrant will entitle the holder to acquire one additional Share at an exercise price [...]
Alpha Exploration Ltd. is pleased to announce the appointment of Francisco Del Castillo, CPA, CA, as Chief Financial Officer of the Company. Mr. Del Castillo will assume responsibility from Chris van der Westhuyzen with immediate effect. Mr. van der Westhuyzen will remain a director of Alpha. Mr. Del Castillo received his CPA, CA qualification in 2013 and is Senior Consultant with Malaspina Consultants Inc., a private [...]
Alpha Exploration Ltd. is pleased to announce that it has commenced follow-up drilling programs at three of the most important prospects on its Kerkasha Project . These prospects are the Aburna gold orogenic prospect, the Tolegimja copper-zinc-gold volcanogenic-massive-sulphide prospect and the Anagulu gold-copper porphyry prospect. The drill program will total approximately 1,000m of diamond drilling and 3,000m of [...]
Alpha Exploration Ltd. is pleased to announce final results from the first drilling program on its Aburna gold prospect, part of the Company's 100% owned Kerkasha Project, Eritrea. 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 [...]