Canada NewsWire
TORONTO , Nov. 5, 2021 /CNW/ - Michael Hopley, President and Chief Executive Officer, Alpha Exploration Corporation, ("Alpha") (TSXV: ALEX) and his team joined Monica Hamm , Manager, Client Success, TMX Group, to celebrate the company's new listing on TSX Venture Exchange and close the market.
Alpha is a company focused on the discovery of world class economic gold & base metals deposits in the highly prospective Arabian-Nubian shield that runs on either side of the Red Sea. Alpha currently holds a 100% interest in the large (1,028 km²) Kerkasha Exploration License in southwest Eritrea , located 135 km west-southwest of the capital city of Asmara . Since acquiring the property in January 2018 , Alpha has spent approximately CAD$10 million on exploration and identified 18 prospects, of which 4 have been drilled to date. The large Anagulu gold-copper porphyry system was a virgin discovery by Alpha geologists in early 2018, that was made while executing a property-wide soil geochemical sampling program. The discovery diamond hole was drilled in January 2020 and reported a 49m interval with an average grade of 2.42 g/t gold, 1.10% copper and 6.83 g/t silver. Work continues at Anagulu, and 4 other prospects are expected to be drilled in the near future.
Alpha is managed by a group of highly experienced and successful professionals with many years of experience carrying out exploration and resource development programs in Eritrea and Sudan . For further information go to the Alpha webpage at www.alpha-exploration.com .
SOURCE TSX Venture Exchange
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