Alpha’s Drilling Confirms Second Target of Scale at Anagulu Copper-Gold Porphyry Project in Eritrea
Eritrean-Canadian mining project – 100% owned by Alpha Exploration (Canada) with ENAMCO (Eritrea) holding 10% free-carried interest and 30% back-in rights Alpha Exploration Ltd. (TSXV: ALEX), a Canadian-listed exploration company, has announced positive results from its completed first-half 2026 exploration programme at the Anagulu copper-gold porphyry project in Eritrea.
The project lies within Alpha’s 514 km² Kerkasha exploration licence, located approximately 20 km south of Barentu and 135 km west-southwest of Asmara. Under the 2017 farm-out agreement with the Eritrean National Mining Corporation (ENAMCO), Alpha currently holds 100% ownership through its wholly owned Eritrean subsidiary.
The Government of Eritrea (via ENAMCO) retains the right to a 10% free-carried interest in any future mining licence, plus the option to acquire an additional 30% participating interest by reimbursing its share of past costs. No other countries are involved as joint-venture partners at this stage.
The campaign included 2,722 metres of core and reverse-circulation (RC) drilling, supported by 5,921 metres of shallow rotary air blast (RAB) drilling.
Key highlights:
•Diamond drill hole ANRD016 returned 67.00 metres grading 0.38% copper and 0.10 g/t gold, including 34.00 metres at 0.61% copper and 0.15 g/t gold, and 12.00 metres at 1.20% copper and 0.30 g/t gold. This expands the Discovery Target Zone quartz-eye porphyry mineralisation by about 60 metres to the northeast.
•First RC drilling at the Camel Target (holes ANR051, ANR052 and ANR053) confirmed copper-sulphide and gold mineralisation in quartz-eye porphyry. ANR051 intersected 25.00 metres grading 0.20% copper and 0.07 g/t gold, including 16.00 metres at 0.26% copper and 0.09 g/t gold. Camel is now established as a second parallel porphyry target measuring 1.25 km along trend, with 1.1 km still completely untested to the southwest where both width and copper grades increase.
The results outline a 2.2 km corridor of porphyry copper-gold mineralisation within a broader interpreted system footprint of approximately 4 km by 2 km.
Alpha CEO John Wilton stated that the programme has improved understanding of Anagulu’s scale potential, particularly the undrilled southwestern section of the Camel Target.
True widths of the deeper intersections are estimated at 50–70% of the drilled lengths. Anagulu remains an early-stage exploration project and these results do not constitute a mineral resource estimate. Further drilling will be required to define continuity, dimensions and potential economics.
Alpha continues to advance multiple gold and base-metal discoveries across the Kerkasha Project under this Eritrean-Canadian framework.