Alexander Nubia International Inc announced results from a surface trenching program at its Hamama gold and zinc volcanogenic massive sulphide property in Egypt. Hamama is located near excellent infrastructure 32 kilometers from a highway, railway and high capacity electricity grid and 90 kilometers from a major city, Qena on the Nile River. The Hamama Project is 35 kilometers from the company's Abu Marawat gold and copper vein deposit.
As announced on March 26th 2012, trenching in the Central zone outlined a 640 meters long zone. Recent trenching of the surface trace of drill holes AHA-008, 009 and 011 fills the transition gap between the Central and Eastern Zones. Trench results 29 to 32 extend the Eastern VMS 175 meters for a total of 500+ meters.
Highlights;
1. Central VMS Zone - The Central VMS zone extends for 640 meters along strike and recent trench results suggest the zone is wider than previously indicated up to 48 meters wide and an indicated vertical range of 100 meters above the drill hole collars.
2. Eastern VMS Zone - The Eastern zone was extended 175 meters for a total length of 500 meters. Drill hole AHA-011 was collared in a dacite intrusive and returned no VMS material. The surface trace indicates a 28 m wide VMS horizon grading at 1.02 gram per tonne gold, 40.3 gram per tonne silver, 0.09% copper and 1.91% zinc and an indicated vertical range of 70 meters above the drill hole collar.
3. Trench 57 has confirmed a 500 meters long stringer zone North West of the Central and Eastern zone and returned moderately to highly anomalous values in copper and zinc gold. A zone adjacent to Trench 57 contained abundant visible malachite this broad zone has been flagged for deep channel sampling.
4. Trench 46, is a 78 meters long cross cut grading at 0.26 gram per tonne gold, 9.4 gram per tonne silver, 0.08% copper and 1.37% zinc. It is located at the base of the hill perpendicular to trenches 24 and 25 and near the collars of drill holes AHA-009 and AHA-010.
Mr Alexander Massoud CEO of Alexander Nubia International said that "The broad extent of high grade gold, silver and related zinc values at surface in the Central and Eastern Zone is an exciting and highly significant discovery that greatly enhances the potential of the Hamama property. We have increased the strike length of the main VMS horizon beyond 3.2 kilometers and visually flag zones of interest north of the Main VMS. Our next step is to conduct deep channel sampling especially in areas where VMS lenses out crop, in areas of intense alteration and to conduct an electro-magnetic survey shortly."
Source - Alexander Nubia International
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