Calgary, November 9th 2021 – Alpha Exploration Ltd. (“Alpha” or the “Company”) (TSXV: ALEX) is pleased to announce that Dr. John Clarke has been appointed as an independent director to the Company’s board of directors.
John Clarke holds a B.Sc. in metallurgy from University College Cardiff, a Ph.D. in metallurgy from Cambridge University and an MBA from Middlesex Polytechnic. His experience includes mine management, mineral exploration, corporate acquisition, and mine development in the mining sector in Africa. He has worked both in smelting and mining operations during his career and has been a director of several companies which have had exploration, development, and mining activities in Africa. Having joined Ashanti Goldfields in 1982, John Clarke held a succession of mine management, strategic and corporate planning roles before becoming the Executive Director in charge of Business development. He contributed to establishing Ashanti’s gold exploration program throughout sub-Saharan Africa.
In 1997 John Clarke joined Nevsun Resources as President and CEO, taking the Company into Eritrea and the discovery of the Bisha Mine. Bisha started production in 2011 as a high-grade gold deposit overlaying a high-grade copper deposit and is operating as a substantial copper/zinc mining operation. He is currently also the Chairman and non-executive director of AVZ Minerals Limited.
Michael Hopley, Alpha President and CEO said, “I would like to extend a very warm welcome to John Clarke as an independent board member and look forward to working with him and relying on his experience and wisdom gained in managing Nevsun in Eritrea for many years.”
Further to the appointment of John Clarke, Christian Dayer has resigned from the board of directors. The management of Alpha thanks Mr. Dayer for his service to the Company.
Alpha is an exploration 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’s currently holds a 100% interest in the large Kerkasha Exploration License in southwest Eritrea, located 135 km west-southwest of the capital city of Asmara. Since acquiring the property in January 2018, the company has spent approximately CAD$10 million on exploration and identified 18 in prospects of which 4 have been drilled to date. The 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 later this year.
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.
Alpha trades on the TSX-V exchange under the symbol ALEX.
For further information go to the Alpha webpage at www.alpha-exploration.com or contact:
President and Chief Executive Officer
Alpha Exploration Ltd.
Tel: +44 207129 1148
This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: future dataset interpretations, forthcoming surveys related to Alpha’s assets, and the Company’s drilling program. Often, but not always, forward-looking statements or information can be identified by the use of words such as “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. With respect to forward-looking statements and information contained herein, Alpha has made numerous assumptions including among other things, assumptions about general business and economic conditions and the price of gold and other minerals. The foregoing list of assumptions is not exhaustive.
Although management of Alpha believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks relating to Alpha’s financing efforts; risks associated with the business of Alpha given its limited operating history; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to exploration activities; those factors discussed under the heading “Risk Factors” in the Final Prospectus; and other risk factors as detailed from time to time. Alpha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.