00:14:14 EDT Fri 17 May 2024
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Alpha Exploration Ltd
Symbol ALEX
Shares Issued 65,588,314
Close 2023-08-30 C$ 0.79
Market Cap C$ 51,814,768
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Alpha Exploration names Grainger as business dev't VP

2023-08-31 12:04 ET - News Release

Mr. Michael Hopley reports

ALPHA EXPLORATION - APPOINTMENT OF VP BUSINESS DEVELOPMENT

Alpha Exploration Ltd. has appointed Matthew Grainger as vice-president, business development.

Mr. Grainger is a geologist with over 25 years of experience in the mining industry. Most recently, he was executive director and co-founder at Alternative Investment Market/TSX Venture Exchange listed Altus Strategies PLC prior to its merger with TSX-V-listed Elemental Royalties in 2022 to form Elemental Altus Royalties, a $160-million (U.S.) diversified royalty business. He also co-founded Ariana Resources PLC, a Turkish gold explorer and producer as well as a number of other successful exploration and investment businesses. Mr. Grainger holds an MSc in mining geology from the Camborne School of Mines.

Michael Hopley, president and chief executive officer of Alpha, said: "We are delighted to welcome Matthew to the team at what is an important stage in the company's growth trajectory. Matthew's broad and deep expertise across the junior exploration sector will help further strengthen our exploration strategy in Eritrea and beyond, where Alpha is advancing some exciting new gold and base metal discoveries. He will also manage the company's corporate communications, ensuring our shareholders as well as all other key stakeholders are provided with the latest information with regard to our plans and progress."

About Alpha Exploration Ltd.

Alpha is an exploration company that is rapidly advancing a number of important gold and base metal discoveries across its 100-per-cent-owned, large (771 square kilometres) Kerkasha project in Eritrea.

The Aburna gold prospect is an exciting new gold discovery where recent drilling has established a high-grade discovery with grades including 16 metres of 14.07 grams per tonne gold and 23 metres of 6.74 grams per tonne gold. The Anagulu gold-copper prospect includes recent drilling intersections of 108 metres of 1.24 grams per tonne gold and 0.60 per cent copper and 49 metres of 2.42 grams per tonne gold and 1.10 per cent copper within a major porphyry unit mapped over at least 1.5 kilometres. The company has also advanced the Tolegimja VMS (volcanogenic massive sulphide) copper-zinc-gold prospect and over 15 other gold prospects since listing in 2021.

The company is managed by a group of highly experienced and successful professionals with long records of establishing, building and successfully exiting a number of world-class gold and base metal discoveries in Eritrea and across the wider Arabian Nubian shield.

Qualified person

All scientific and technical information in this press release, including the results of the Aburna drill program and how these results relate to the continuing exploration at the Kerkasha project, has been reviewed, verified and approved by Michael Hopley, president, chief executive officer of Alpha and a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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