Alexander Nubia Discovers New Vein Zones at its Abu Marawat Project in Egypt
- Three sub-parallel gold zones discovered west of main zone from channel sampling
- Trench 7: 12 meters grading 2.22 g/t Au, 8.7 g/t Ag, 0.14% Cu and 0.04% Zn
- Trench 8: 10 meters grading 1.94 g/t Au, 13.2 g/t Ag, 0.20 % Cu and 0.08% Zn
- Trenches 1 and 2 discovered significant mineralization and extend the overall size of the tectonic regime hosting vein structures
February 7, 2012 - Toronto, Ontario. Alexander Nubia International Inc. (TSX-V: AAN), an exploration and development company with diversified minerals projects in Egypt, is pleased to announce results from the current surface sampling program at its Abu Marawat gold-copper-zinc-silver property.
"We are extremely pleased by the results of our channel sampling program which confirms a large tectonically disturbed and mineralized zone extending well beyond the western and eastern known limits of the Abu Marawat deposit", said Alexander Massoud, President and CEO of Alexander Nubia Inc. "Channel sampling completed in October, 2011, confirmed a strong correlation between values in surface samples of veins and those in drill cores. This correlation is an excellent indicator that these new zones have the potential to contain mineralized veins of economic interest and offers additional evidence that the mineralized vein structures have a deep-seated origin."
Table 1. Significant Assay Composites from Trench Samples
-***-
Trench length(m)[1] Au g/t Ag g/t Cu% Zn%
1 6 0.02 1.5 0.95 0.12
Including 2 0.04 1.0 2.12 0.22
2 7 0.03 1.4 2.47 0.12
Including 5 0.03 1.6 3.29 0.13
3 10 0.09 3.0 0.20 0.07
4 8 0.19 1.8 0.21 0.18
6 2 2.57 9.0 1.42 0.30
7 12[2] 2.22 8.7 0.14 0.04
8 10[3] 1.94 13.2 0.20 0.08
-****-
1 channel samples were taken contiguously at 1- to 2-metre intervals except in trench 2 where 1 or 2 meter contiguous sampling was employed along the trench walls.
2 Samples in Trench 7 are located within and along the strike of a known and extensive fault zone
3 Samples in Trench 8 were taken across the width of a minor fault zone
4 no significant mineralization in trench 5
Detailed technical information and a location map of this release is available at www.alexandernubia.com
All samples are sent to ALS Minerals in Romania for Au (fire assaying), Ag, Cu, and Zn by Atomic Absorption; ALS Minerals then sends a small cut (about 10 g) to ALS (Chemex) in Vancouver for 33 element ICP analysis. This is our standard procedure for all surface samples.
On-going and Expected Near Term Results
Abu Marawat Property
* Assay results from diamond drilling holes AAM-072 to AAM-081
* NI 43-101-compliant inferred resource estimate
Hamama Property
* Assay results from diamond drilling holes AHA-001 to AHA-011
Qualifying Person
The technical information contained in this news release was prepared under the supervision of Mr. Ralph Gonzalez (P.Geo.) of Alexander Nubia Inc. Mr Gonzalez is a qualifying person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
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 2,772.5 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 concession, both at the Abu Marawat vein property and the Hamama volcanogenic massive sulphide (VMS) property. 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
Investor Relations, TMX Equicom
416-815-0700 ext. 258
Email: nhasan@equicomgroup.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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