Alexander Nubia reports significant surface trench results at the Hamama VMS Deposit, 46 m grading 0.78 g/t gold , 14.7 g/t silver, 0.19% copper and 5.06% zinc in a new zone
- Trench AHA-‐ST-‐008 returned 48 m grading 0.50 g/t gold, 16.4 g/t silver, 0.11% copper, and 2.65% zinc
- A new discovery in the transition area between the Central and Eastern VMS Zones – this zone
covers over 270 m along strike and is up to 48 m wide
April 30, 2012, Toronto, Ontario. Alexander Nubia International Inc. (TSX-‐V: AAN) is pleased to announce results from a surface-‐trenching program at its Hamama gold-‐zinc volcanogenic massive sulphide (VMS) property in Egypt. Hamama is located near excellent infrastructure: 32 kilometres from a highway, railway, and high-‐capacity electricity grid, and 90 kilometres from a major city, Qena, on the Nile River. The Hamama Project is 35 kilometres from the company’s Abu Marawat gold-‐copper vein deposit.
As announced on March 26, 2012, trenching in the Central zone outlined a 640 m long zone (trenches 18 through 25). 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 – 32 extend the Eastern VMS 175 m for a total of 500+ m.
Alexander Massoud, Chief Executive Officer, commented “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 kilometres 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.”
Highlights
- Central VMS Zone -‐ the Central VMS zone extends for 640 m along strike and recent trench results suggest the zone is wider than previously indicated, up to 48 m wide, and an indicated vertical range of 100 m above the drill hole collars.
- Eastern VMS Zone -‐ The Eastern zone was extended 175 m (trench 29 through 32) for a total length of 500 m. 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 g/t gold, 40.3 g/t silver, 0.09% copper and 1.91% zinc and an indicated vertical range of 70 m above the drill hole collar.
- Trench 57 has confirmed a 500 m 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 (copper carbonate); this broad zone has been flagged for deep channel sampling.
- Trench 46, is a 78 m long cross-‐cut grading at 0.26 g/t gold, 9.4 g/t 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.
Other VMS deposits in the Arabian-‐Nubian shield (a mineralized belt that extends into Saudi Arabia and from Egypt to Eritrea) that either are in production or at an advanced stage of exploration include:
- Barrick Gold Corp. (TSX: ABX) -‐ Jabal Sayid (Saudi Arabia)
- La Mancha Resources Inc. (TSX: LMA) -‐ Hassai deposit (Sudan)
- Tigray Resources Inc. (TSX.V: TIG) -‐ Harvest deposit (Ethiopia)
- Nevsun Resources (TSX:NSU) -‐ Bisha deposit (Eritrea)
Table 1: Significant Trench Sample Assay Results
| Surface Trace or Trench No.* | Location or zone | Width Metres** | Au g/t | Ag g/t | Cu (%) | Zn (%) | Rock Type*** |
|---|---|---|---|---|---|---|---|
| AHA-‐ST-‐ 008 | Central Zone (east side) | 48 | 0.5 | 16.4 | 0.11 | 2.65 | VMS |
| AHA-‐ST-‐009 | Central Zone (east side) | 46 | 0.78 | 14.7 | 0.19 | 5.06 | VMS |
| Including | 28 | 0.99 | 18.9 | 0.28 | 7.61 | VMS | |
| AHA-‐ST-‐011 | Central & Eastern Zone | 24 | 1.02 | 40.3 | 0.09 | 1.9 | VMS |
| Trench 29 | Eastern Zone | 16 m | 0.26 | 6.8 | 0.05 | 1.07 | VMS |
| including | 10 m | 0.35 | 9 | 0.07 | 1.45 | VMS | |
| Trench 30 | Eastern Zone | 12 m | 0.13 | VMS | |||
| Trench 31 | Eastern Zone | 8 m | 0.13 | VMS | |||
| Trench 32 | Eastern Zone | 8 m | 0.31 | 7.9 | 0.03 | 0.12 | VMS |
| Trench 46 | Central Zones | 78 | 0.26 | 9.4 | 0.08 | 1.37 | Stringer |
| including | 10 | 0.62 | 8.0 | 0.11 | 2.37 | Stringer | |
| including | 16 | 0.45 | 24.0 | 0.20 | 3.84 | Stringer | |
| Trench 57 | Central & Eastern Zones | 18 | 0.18 | 0.25 | Stringer |
- Pending are assay results for Trench 33 to 45 and 47 to 56
** Widths in metres are not true widths *** VMS = massive sulphide gossan and sulphide-‐bearing ankerite-‐rich exhalite Stringer = strongly altered andesite, commonly with anomalous zinc and stratigraphically the footwall
Figure 1: Plan view map – drill hole and trench location for Hamama
533750 534500 535250
| T T-5 | T- T-39 T-38 T-37 T-36!(!( T-61 -60 T- T-53 9 T | 42 T-43 T-41 T-40 T-35 T-44 T-34 !( !( !(!(!(!( 33 !( T-57 T-70 -72 T-48 !( | T-26 T-47 T-27 T-31 !( T-28 T-29 T-30T-32 !(!(!(!(!(!( !(!( !(!(!( !(!( !(!(!( !( !(!( 11 !( |
| !(!( T-65 !(!( !( T-66 T-62 T-63 T-64 !( T-67 | T-14 T-4 T-5 T-6 T-8 T-1 T-2T-3T-4 T-9T-10T-11T-12T-13T-14T-1 T-7 | T-52 !( !( T-71 T-51 5T-49 2 1 4 3 T- 6 7 T-17 T-19 !(!( T-18 T-58 T!(!(!(- 2!(!( 0!( 5T-16 T-45 | T-46 !( 910!(!(!( !(!(T-25 T-50 T-24 8 22 T-23 T-21 |
533750 534500 535250 Stringer Zone 22 April 2012 ¹
Hamama Trenches Plan View Legend
Drill holes Nubian Sandstone staeked VMS Lenses
Trenches Granite intusive alteration Zone 1:10,000 Road Princible VMS Horizon
Upcoming results and future exploration at Hamama:
- Trench sampling program west of the Western VMS to explore possible extension of main VMS horizon
- Deep channel sampling of stacked VMS in zone visually identified north of the main VMS horizon
- Deep channel sampling in the Western VMS zone below the weathered profile near Trench No 9 and further east
Exploration Program for the balance of 2012 including:
- Geophysical program to identify priority drill targets within the VMS horizon
- Diamond drilling to explore recent new discoveries, geophysical anomalies and extensions of known zones of mineralization
Qualifying Person
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”).
QA/QC
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 pulverized to a nominal -‐75 mesh and 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 re-‐pulverizes all 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 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. (TSX-‐V: AAN) is a Canadian exploration and development Company focused on the exploration of precious and base metals in the Eastern Desert of Egypt. The Company holds two exploration concessions: Abu Marawat and Fatiri, which cover a combined total area of 2,772 km2.
The Company is currently focused on exploration within the Abu Marawat concession where the company’s two main properties are situated. In this 1,027 km2 historical gold and copper mining district are numerous small workings including, historical small-‐scale mining at the Abu Marawat Deposit, Hamama -‐ a volcanogenic massive sulphide deposit and two past-‐producing gold mines (Semna and Sir Bakis). The principal projects, Abu Marawat and Hamama VMS are located near excellent regional infrastructure. The projects are 35 kilometres apart and are within 30 kilometres of a highway, railway, and high-‐capacity electricity grid, and are near major cities: Qena, on the Nile River, and Safaga, on the Red Sea.
For more information on Alexander Nubia please contact:
A. Alexander Massoud Donald M. Cameron, CA President and Chief Executive Officer CFO Egypt: +2 (0) 22 287 6914 Canada: +1 (877) 607-‐4747 Email: [email protected] Email: [email protected] Nisha Hasan Investor Relations, TMX Equicom 416-‐815-‐0700 ext. 258 Email: [email protected]
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.