Alpha Exploration Ltd. (TSXV: ALEX) has announced the completion of its 2026 drilling program at the Aburna gold project in Eritrea, totalling 8,910 metres — 2,410 metres more than the originally planned 6,500-metre program. The company also completed 1,224 metres of shallow rotary air blast drilling at the Obok prospect. Two batches of laboratory results covering 4,495 metres have already been received, revealing high-grade gold intercepts that investors in junior gold exploration will want to monitor closely.

Key Points

  • Alpha Exploration Ltd. (TSXV: ALEX) is a Calgary-based gold and base metal exploration company operating in Eritrea.
  • The 2026 Aburna drilling program has been completed at 8,910 metres, exceeding the original plan by 2,410 metres.
  • Highlight intercepts include 19.00 m grading 3.18 g/t gold at the Northeast prospect and 31.00 m grading 1.12 g/t gold at the new Obok prospect.
  • Additional batches of drill results are pending, which investors may be watching as the company advances multiple prospects within the Aburna corridor.

Northeast Prospect Expansion Delivers High-Grade Gold Intercepts

Results reported to date from the Northeast prospect expansion area include drill hole ABD031 returning 19.00 m grading 3.18 g/t gold, including 7.00 m grading 7.09 g/t gold. Additional intercepts include ABD033 at 12.00 m grading 1.53 g/t gold and ABD034 at 13.00 m grading 1.53 g/t gold. The company states these intercepts have increased the footprint of gold mineralisation at the Northeast prospect and indicate strong potential for additional expansion. True widths are estimated at between 70% and 90% of drilled intersections, based on current data and interpretation.

Obok Elevated to Key Prospect Status Across the Greater Aburna Corridor

Exploration drilling across the broader Aburna corridor has returned notable results, with drill hole ABD029 intersecting 31.00 m grading 1.12 g/t gold, including 12.00 m grading 2.09 g/t gold, at the new Obok prospect at between 60 to 85 metres vertical depth. The EER and Southwest targets returned multiple gold intercepts, and the Far Southwest target returned a gold-mineralised intercept approximately 1.7 kilometres along trend from the Hill 52 prospect. The company states that Obok has been elevated from an exploration target to key prospect status based on current geological data and interpretation.

Aburna Corridor Remains Largely Underexplored Within the 514 km² Kerkasha Project

The Aburna gold project sits within Alpha's 100% owned, 514 km² Kerkasha Project. The company notes that only approximately 20% of the Aburna corridor, as defined by gold-in-soil anomalies, has been tested by significant drilling. Alpha has identified four prospects within the corridor — Hill 52, Central, Northeast, and Obok — and is separately exploring the Anagulu Copper-Gold Porphyry Project located approximately 7 kilometres south of Aburna. The scale of untested ground underscores what the company describes as the under-explored and highly prospective nature of the licence area.