VMS program same as in Sudan
Drilling at Hamama (VMS) Project in Egypt
* A favourable VMS horizon traced over a strike length of 3 km
* Historical shallow drilling shows widths of gossans up to 20 m
* Strong chargeability-magnetic anomaly indicates a second buried massive sulphide lens stratigraphically above the historical gossan outcrop zone.
* Deposit characteristics similar to other massive sulphide deposits in the Nubian Shield including:
o Nevsun, Bisha Deposit, Eritrea
o Tigray, Harvest Property; Ethiopia
o La Mancha, Hassai Deposit, Sudan
November 23, 2011 - Toronto, Ontario. Alexander Nubia International Inc. (TSX-V: AAN), an exploration and development company with diversified minerals projects in Egypt, is pleased to announce that it has commenced drilling at its Hamama zinc-gold-copper-silver property located in the Abu Marawat Concession. The Company plans to drill approximately
four to eight diamond drill holes for the first stage of drilling with results expected by Q1 2012.
Located 35 km WSW of the Abu Marawat property, Hamama, a volcanogenic massive sulphide deposit containing significant values of precious- and base-metals. The property has excellent new gravel road access from the paved Safaga-Qena highway. A historical drill intercept was reported by the previous operator Centamin Egypt (TSX:CEE) of 16 metres at 9.73% zinc, 1.16 g/t gold, 0.34% copper, 77.5 g/t silver and 0.62% lead (drilling by Minex, 1988-1989) combined with favorable geology that includes a strong vein and alteration stringer zone stratigraphically below the VMS.
President and CEO, A. Alexander Massoud commented, "The commencement of drilling at the Hamama Property is an important step towards unlocking the substantial value of the Abu Marawat Concession, which also hosts the Abu Marawat Property. We have been focused on completing our first NI 43-101 compliant resource statement on Abu Marawat and believe the successful results received to date merit the commencement of an exploration program at nearby Hamama. We are excited about the potential at the Hamama Property and believe that we are taking the right step towards creating shareholder value."
Table 1. Significant assay results from surface and old workings at Hamama Property
Au Ag Cu Zn Pb Rock type Width Sample type
(g/T) (g/T) % % % (cm)
9.7 173 0.7 4.43 gossan n.d. chip*
0.63 3.8 0.585 18.5 0.81 gossan 100 chip/channel
0.56 5.2 0.356 11.3 0.61 gossan 8 chip/channel
0.76 15.2 0.36 3.82 1.45 gossan 100 chip/channel
*Metal values are the maximum recorded for each element in a group of several 2-4 kg chip samples.
* A chip/channel sample consists of representative chips across the width of a structure or vein along a defined sample line (channel).
Abu Marawat gold-copper-zinc-silver project status
* AAM-081 concludes Stage 2 exploration at Abu Marawat. AAM-081, drilled from east of the CVZ on Section 500 is a step-out hole 100-m grid north from AAM-080.
* AAM-080 and AAM-081 are the two deepest drill holes on the property to-date, with drill lengths of 672 and 584 metres, respectively.
To date, the Company has completed 81 diamond drill holes at the Abu Marawat Property for a total of 17,972 metres. Results of the current drill program will be used to prepare a NI 43-101-compliant inferred resource. A complete set of published assay results and a detailed plan map are available at www.alexandernubia.com.
Qualifying Person
The technical information in this press release was prepared by Ralph Gonzalez (P. Geo), Project Manager for Alexander Nubia Inc., who manages the exploration program in Egypt. Mr. Gonzalez is a Qualifying Persons under National Instrument 43-101 regulations.
Drilling at Hamama (VMS) Project in Egypt
* A favourable VMS horizon traced over a strike length of 3 km
* Historical shallow drilling shows widths of gossans up to 20 m
* Strong chargeability-magnetic anomaly indicates a second buried massive sulphide lens stratigraphically above the historical gossan outcrop zone.
* Deposit characteristics similar to other massive sulphide deposits in the Nubian Shield including:
o Nevsun, Bisha Deposit, Eritrea
o Tigray, Harvest Property; Ethiopia
o La Mancha, Hassai Deposit, Sudan
November 23, 2011 - Toronto, Ontario. Alexander Nubia International Inc. (TSX-V: AAN), an exploration and development company with diversified minerals projects in Egypt, is pleased to announce that it has commenced drilling at its Hamama zinc-gold-copper-silver property located in the Abu Marawat Concession. The Company plans to drill approximately
four to eight diamond drill holes for the first stage of drilling with results expected by Q1 2012.
Located 35 km WSW of the Abu Marawat property, Hamama, a volcanogenic massive sulphide deposit containing significant values of precious- and base-metals. The property has excellent new gravel road access from the paved Safaga-Qena highway. A historical drill intercept was reported by the previous operator Centamin Egypt (TSX:CEE) of 16 metres at 9.73% zinc, 1.16 g/t gold, 0.34% copper, 77.5 g/t silver and 0.62% lead (drilling by Minex, 1988-1989) combined with favorable geology that includes a strong vein and alteration stringer zone stratigraphically below the VMS.
President and CEO, A. Alexander Massoud commented, "The commencement of drilling at the Hamama Property is an important step towards unlocking the substantial value of the Abu Marawat Concession, which also hosts the Abu Marawat Property. We have been focused on completing our first NI 43-101 compliant resource statement on Abu Marawat and believe the successful results received to date merit the commencement of an exploration program at nearby Hamama. We are excited about the potential at the Hamama Property and believe that we are taking the right step towards creating shareholder value."
Table 1. Significant assay results from surface and old workings at Hamama Property
Au Ag Cu Zn Pb Rock type Width Sample type
(g/T) (g/T) % % % (cm)
9.7 173 0.7 4.43 gossan n.d. chip*
0.63 3.8 0.585 18.5 0.81 gossan 100 chip/channel
0.56 5.2 0.356 11.3 0.61 gossan 8 chip/channel
0.76 15.2 0.36 3.82 1.45 gossan 100 chip/channel
*Metal values are the maximum recorded for each element in a group of several 2-4 kg chip samples.
* A chip/channel sample consists of representative chips across the width of a structure or vein along a defined sample line (channel).
Abu Marawat gold-copper-zinc-silver project status
* AAM-081 concludes Stage 2 exploration at Abu Marawat. AAM-081, drilled from east of the CVZ on Section 500 is a step-out hole 100-m grid north from AAM-080.
* AAM-080 and AAM-081 are the two deepest drill holes on the property to-date, with drill lengths of 672 and 584 metres, respectively.
To date, the Company has completed 81 diamond drill holes at the Abu Marawat Property for a total of 17,972 metres. Results of the current drill program will be used to prepare a NI 43-101-compliant inferred resource. A complete set of published assay results and a detailed plan map are available at www.alexandernubia.com.
Qualifying Person
The technical information in this press release was prepared by Ralph Gonzalez (P. Geo), Project Manager for Alexander Nubia Inc., who manages the exploration program in Egypt. Mr. Gonzalez is a Qualifying Persons under National Instrument 43-101 regulations.
1 comment:
Thanks Ryboi I will do my best to update the information
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