Alexander Nubia releases further trench results at its Hamama VMS deposit in Egypt.
2013-01-10 12:41:09 -
At-surface high-grade gold-silver mineralization: DT-104 contains 50 metres grading 3.09 g/t gold and 55 g/t silver
New Deep Trench (DT) results in the Western VMS Zone
DT-99 38 metres grading 1.23 g/t gold and 32.0 g/t silver
DT-100 52 metres grading 2.36 g/t gold and 27.4 g/t silver
DT-101 30 metres grading 2.20 g/t gold and 51.3 g/t silver
50 metres grading 1.74 g/t gold and 112.1 g/t silver
DT-103 52 metres grading 1.61 g/t gold and 12.1 g/t silver
DT-104 50 metres grading 3.09 g/t gold and 55.0 g/t silver
January 10, 2013, Toronto, Ontario. Alexander Nubia International Inc. (TSX-V: AAN) is pleased to announce results of on-going deep trenching at its Hamama volcanogenic massive sulphide (VMS) deposit in Egypt's Eastern Desert. The Hamama VMS deposit is comprised of a principal mineralized unit, the Main VMS Horizon, a steeply dipping, overturned iron-rich gossan and ankerite-rich exhalite is traceable on surface for 3,000 metres along strike. Previous mapping identified three separate VMS zones (Western, Central and Eastern). Recent mapping confirms that these are connected as one continuous mineralized unit that was formed along and below the seafloor. The style and size of precious and base-metal mineralization, the presence of a gold cap, and results to-date from a diamond drilling program show that Hamama has similar characteristics to other major gold-rich VMS systems in the Arabian-Nubian shield.
Chief Executive Officer, Alexander Massoud said, "Another excellent result that confirms a near surface and probable open-pit gold-silver target along the full 650-metre strike length of the core of the Western VMS." He further commented, "The total trenching program was very successful: a low-cost, highly effective operation, which, combined with the recent drill results, demonstrates a significant positive correlation between the surface values of precious metals and the corresponding values in mineralization in drill holes. We look forward to the additional drill results from holes to the west and at depth in the Western VMS zone. "
In tandem with a diamond-drilling program, a program of trenching was carried out to identify additional drill targets. In the core of the Western VMS, the outcropping exhalite zone that contains iron-rich gossan and ankerite-rich exhalite was channel-sampled at 2-metre intervals along a series of 12 sub-parallel trenches dug to an average depth of 1.5 metres perpendicular to strike over a length of 650 metres. Results from half of these trenches and from a series of 16 shallow trenches in the same area have been reported previously. At the far western end of the zone, trench DT-102 returned 50 metres grading 1.74 g/t gold and 112.1 g/t silver. The mineralized zone west of diamond-drill hole AHA-24 to DT-102 has yet to be tested by drilling; assay results from DT-101 and DT-102 indicate that drilling is warranted in this region. Trench DT-104 in the east-central part of the zone returned 50 metres grading 3.09 g/t gold and 55 g/t silver. Results of Trenches DT-99 to DT-104 are shown in Table 1.
Table 1. Composite assays from DT-99 to DT-104 for the Hamama VMS deposit
Trench Length Au Ag Cu Zn
(m) (g/t) (g/t) (%) (%)
Trench 99 38 1.23 32.0 0.023 0.07
including 24 1.69 47.6 0.032 0.08
Trench 100 52 2.36 27.4 0.024 0.06
including 42 2.78 31.6 0.028 0.07
Trench 101 30 2.20 51.3 0.067 0.33
and 16 0.20 20.1 0.392 3.05
Trench 102 50 1.74 112.1 0.074 0.33
including 22 1.48 215.8 0.124 0.59
Trench 103 52 1.61 12.1 0.008 0.05
including 20 2.63 19.9 0.015 0.08
and including 22 1.58 8.5 0.004 0.03
Trench 104 50 3.09 55.0 0.129 0.13
including 34 3.89 71.9 0.161 0.15
which includes 12 5.09 147 0.394 0.22
Note: values of gold over 1.5 g/t, of silver over 30 g/t, of copper over 0.3% and of zinc over 2% are highlighted
Also, lengths of intervals over 30 metres long are highlighted
* Additional drill results are pending from completed holes AHA-22 to AHA-26; these test the extent of the gold cap in the western part of the Western Zone below and west of AHA-21
For an updated corporate presentation and fact sheet please visit www.alexandernubia.com
Figure 1.1: Plan view map of the Main VMS Horizon, Hamama VMS Deposit
Figure 1.2: Western VMS Zone - plan view map of core zone
Maps, sections and images are available at www.alexandernubia.com/pages/cms_pages/58
For a complete and comprehensive list of previous assay trench results please see the October 2, 2012 press release.
The technical information contained in this news release was prepared or reviewed under the direct supervision of Mr. Ralph Gonzalez (P.Geo.), Alexander Nubia Inc.'s Project Manager for exploration in Egypt. Mr. Gonzalez is a qualifying person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
Alexander Nubia employs an on-site sample preparation facility where core is diamond sawed into two equal halves; and one half of the core is returned to its core box for permanent, on-site storage and the other half, weighing approximately 2 kilograms, is crushed to minus 5 mm and riffle split to 500 g. The 500 g sample is divided into two halves. One half is delivered to the Egyptian Mineral Resource Authority for storage and the other half is shipped for analysis to the ALS Minerals laboratory in Romania. ALS Minerals is an internationally recognized and accredited analytical facility. ALS pulverizes the entire samples to insure the samples are homogenized and removes a one-assay/ton cut (approximately 30 grams) for gold analysis followed by an atomic absorption finish using industry-accepted fire-assaying techniques. In addition, a 5-10 g sample is removed for Ag-Cu-Zn analysis by atomic absorption after digestion in aqua regia. Over-range copper (>10,000 ppm), zinc (>10,000 ppm) and silver (>100 ppm) are re-analyzed using readjusted atomic absorption spectrometry (AAS) techniques. Selected samples are determined by inductively coupled plasma spectrometry - atomic emission spectroscopy (ICP-AES) after a four-acid digestion for 'near-total' digestion. This technique scans a total of 33 elements. A quality control program consisting of insertion of blanks and analytical control standards has been implemented to monitor laboratory performance; this is in addition to ALS's internal QA/QC program. Discrepancies have been few, and when discovered, the 'laboratory batch' (usually 20 samples in a batch) is re-analyzed.
About Alexander Nubia International Inc.
Alexander Nubia International Inc. is an established Canadian mineral exploration company committed to identifying, focusing on, and advancing gold and base-metal projects in the Eastern Desert of Egypt. The Company holds two exploration concessions in Egypt: Abu Marawat and Fatiri, which cover areas of 1,027 km2 and 1,745 km2, respectively. The Company is focused on exploration within the Abu Marawat Concession, which contains its two main properties, the Abu Marawat mesothermal vein deposit, with an NI 43-101-compliant inferred gold-copper-rich resource, and the Hamama volcanogenic massive sulphide (VMS) deposit.
Operating in Egypt since 2007, the Company is focused on the advancement of the Hamama VMS deposit - located in the Arabian-Nubian Shield (ANS), which is known for the quality of its VMS deposits. Hamama is characterized by excellent first-stage drill results that intersected high-grade semi-massive and massive sulphide mineralization, a broad zone of VMS gossan at-surface containing high-grade gold and silver (a "gold cap"), and an extensive mineralized footwall stringer and breccia zone.
The Company holds a highly prospective land package with an established history of mining dating back to the Pharaonic era, with three historical gold mines and four major prospects. The land package is enhanced by excellent and nearby infrastructure, which includes access to highway and railway, a high-capacity electricity grid, and nearby major cities: Qena, on the Nile River, and Port of Safaga, on the Red Sea.
For more information on Alexander Nubia please contact:
A. Alexander Massoud
President and Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Canada: +1 (877) 607-4747
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The securities of Alexander Nubia International Inc. described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Source: Alexander Nubia International Inc. (TSX.V - AAN) www.alexandernubia.com
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