Alpha Exploration (ALEX.V) completed its drill program on the Kerkasha project in October and is now awaiting the final assay results from the 4,500+ meter drill program. As you may remember, the company originally planned to complete 4,000 meters of drilling, consisting of 1,000 meters of diamond drilling and 3,000 meters of RC drilling. However, the final four holes at Aburna which were originally scheduled to be RC holes were drilled with a diamond drill rig to gain more insight in the structural controls at Aburna. Switching to diamond drilling resulted in a small delay (as diamond drilling goes slower) and resulted in the company exceeding the 4,000 meter mark: it completed 2,670 meters of RC drilling and 1,856 meters of diamond drilling.
At Aburna, the company completed twenty RC holes for a total of 2,229 meters (indicating the average depth was approximately 110 meters per hole) while five diamond drill holes for a total of 881 meters were completed on the Hill-52 area. The first diamond drill hole at Aburna intersected a zone of 20 meters containing 7.73 g/t gold with three additional intervals of economic-grade gold as well (16 meters of 0.46 g/t gold, 14 meters of 1.09 g/t gold and 6 meters of 6.11 g/t gold) wich all four intervals within 110 meters from surface. Needless to say we are looking forward to seeing the assay results from the new holes.
At Anagulu, Alpha completed a deep diamond drill hole reaching a depth of just over 550 meters. This hole was designed to drill-test a strong chargeability anomaly in the southwestern area of the Anagulu prospect, which could be the source of the copper and gold mineralization that has been discovered at surface. Assay results for this hole should be released soon as well.
Disclosure: The author has a long position in Alpha Exploration. Alpha is a sponsor of the website. Please read our disclaimer.
