Aburna Gold Prospect Drill Program Is Now Underway

Aburna Gold Prospect Drill Program Is Now Underway

ASMERA, ERITREA – Alpha Exploration Ltd. reported further drilling results from a 10,000m drill program underway on its Aburna Gold Prospect on the 771 km² Kerkasha Project located in Eritrea. Drilling consists of both reverse-circulation (“RC”) drilling and diamond core (“DC”) drilling. Assays have been received from a further 16 holes completed over the Hill 52, Central and Northeast Area prospects on Aburna. Hole ABD012 intersected 15.33 g/t Au over 18m and was drilled as a step out along strike from existing high- grade mineralization that included holes ABD001 (20m@ 7.70 g/t Au). ABD013, a step out from ABD012, intersected 49m @ 2.75 g/t Au and included two separate higher-grade zones of 7m @ 14.90 g/t Au and 2m @ 6.19 g/t Au at shallow depths (<70m from surface).

In combination, holes ABD012 and ABD013 have significantly extended a wide, high-grade zone of mineralization that was originally defined in 2022 by the Company and reported in drill holes ABR005 (15m @ 5.85 g/t Au), ABR018 (8m @ 5.47 g/t Au) and ABD001 (20m @ 7.70 g/t Au). Additional new results include hole ABR114 (6m @ 4.5 g/t Au and 2m @ 11.91 g/t Au), that has further defined a separate mineralized structure within Hill 52.

Aburna is a major, district scale orogenic gold prospect covering an area of at least 7km long and 2km wide and is one of the three significant discoveries made by Alpha on the Kerkasha licence in the last three years. Exploration to date by Alpha on the project has defined six primary areas of interest, and has established significant high-grade gold mineralized systems at Central Area, Hill 52 and Northeast Area.

Michael Hopley, President & CEO said, “We are very pleased to report these spectacular results from the ongoing drill program at Aburna. In particular, holes ABD012 and ABD013 have exceeded all of our expectations by extending to over 200m a high-grade shoot originally identified in 2022. ABD012 (15.33 g/t Au over 18 metres) and translating to >275 gram metres is the highest grade result we have reported on the Aburna project.

The identification of shallow, plunging high-grade mineralization at Hill 52 following similar confirmation at Central Area last month, is testament to the strength of our technical team and the work completed to date. The team is already preparing additional drill targets to extend this zone further which remains open down dip and down plunge, with drilling expected to restart soon. We look forward to reporting further assay results on the project as data is released as well as the imminent start of the second phase of the 10,000 metre drill program at Aburna.”