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Aton Resources Inc.
Alexander Nubia Commences Drilling at Hamama (VMS) Project in Egypt
Published Nov 23 2011
5 min read

Alexander Nubia Commences Drilling at Hamama (VMS) Project in Egypt

Alexander Nubia Commences Drilling at Hamama (VMS) Project in Egypt

Alexander Nubia Commences 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.

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 minerals 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 Abu Marawat concession includes the Abu Marawat, Hamama and Semna projects. The Company is currently focused on the exploration of the Abu Marawat project, from which recent drilling carried out by the Company has confirmed the presence of precious and base-metal mineralization and has greatly increased the size of the deposit over that reported historically.  For more information please visit www.alexandernubia.com.

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
Email:   amassoud@alexandernubia.com

Donald M. Cameron, CA
CFO
Canada:  +1 (877) 607-4747
Email:   dcameron@alexandernubia.com

Nisha Hasan
TMX Equicom
416-815-0700 ext. 258
Email: nhasan@alexandernubia.com

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) http://www.alexandernubia.com
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