Business
Alpha Exploration Reports 95 M of 1.30 G/t Aueq from Anagulu Porphyry Gold-Copper Prospect, Kerkasha Project, Eritrea
Calgary, Alberta--(Newsfile Corp. - December 9, 2021) - Alpha Exploration Ltd.  (TSXV:...
About this update from Alpha Exploration Ltd.
[{"type":"text","content":"Alpha Exploration Reports 95 M of 1.30 G/t Aueq from Anagulu Porphyry Gold-Copper Prospect, Kerkasha Project, EritreaCalgary, Alberta--(Newsfile Corp. - December 9, 2021) - Alpha Exploration Ltd. (TSXV: ALEX) (\"Alpha\" or the \"Company\") is pleased to announce results of recent diamond and reverse circulation drilling at the Anagulu gold-copper porphyry prospect part of the Company's 100% owned Kerkasha Project, Eritrea.HighlightsFour drill holes have significant intervals up to 95 m of gold-copper-silver mineralization (see Table 1 below) expanding the known strike length of mineralization at Anagulu to approximately 400 m.Last month, porphyry expert Dr. Richard Sillitoe spent six days studying and relogging the drill core and drill chips from Anagulu with Alpha geologists in Asmara, Eritrea.Sillitoe's report states that \"It is confirmed that Anagulu is undoubtedly a porphyry gold-copper system centered on a distinctive, dyke-like porphyry intrusion\".Alpha will use Dr. Sillitoe's geological interpretation in conjunction with its extensive multi-element geochemical dataset to update its 3-D model to plan the next phase of exploration at Anagulu.Table 1: Summary of highlight intervals from recent drilling at Anagulu. Hole NumberFrom (m)To (m)Interval (m)*Au (g/t)Cu (%)Ag (g/t)CuEq (%)***AuEq (g/t)**ANRD031122185.763.70.940.482.301.081.69ANRD032208.6293.8585.250.270.161.020.330.52ANR03310105950.650.421.650.831.30ANR044140210700.580.381.640.751.17*Note that the true width of the mineralization is uncertain, but the host structures are interpreted to be steeply dipping implying true widths are in the range of 60-80%. Intervals are based on a 0.1 g/t Au cut off and a maximum internal dilution of 2 m.**AuEq = ((Cu%) x $Cu x 22.0642) + (Au(g/t) x $Au x 0.032151)) / ($Au x 0.032151); minor Ag grades not included.***CuEq = ((Cu%) x $Cu x 22.0642) + (Au(g/t) x $Au x 0.032151)) / ($Cu x 22.0642); minor Ag grades not included.Commodity prices: $Cu = US$4.00/lb and $Au = US$1,750/oz.Factors: 22.0642 = Cu% to lbs per tonne, and 0.032151 = Au g/t to oz per tonne.Metallurgical recovery for Cu and Au is assumed to be 100%Michael Hopley, Alpha President and CEO said, \"We are very happy with these latest drill results because they extend the zone of known gold and copper mineralization with gold equivalent values of over about ...