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Alexander Nubia International Inc. Reports Annual Financial Results for 2012 and Provides Update on Key Projects in Egypt
Alexander Nubia International Inc. Reports Annual Financial Results for 2012 and Provides Upda...
About this update from Aton Resources Inc.
[{"type":"text","content":"\nAlexander Nubia International Inc. Reports Annual Financial Results for 2012 and Provides Update on Key Projects in Egypt\n\nAlexander Nubia International Inc. Reports Annual Financial Results for 2012 and Provides Update on Key Projects in Egypt \nMakes significant discovery at the Hamama VMS project and issues maiden NI 43-101-compliant inferred resource estimate at the Abu Marawat gold-copper project\nToronto, Ontario CANADA, April 30, 2013 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), (\"AAN\" or the \"Company\"), today reported its financial results for the year 2012. All amounts are in Canadian currency unless otherwise noted.\nKey Operational and Financial Highlights for the year\nExploration\nHamama volcanogenic massive sulphide (\"VMS\") deposit in the Abu Marawat Concession:  \n* Discovery,  Western VMS Zone -  drilling and deep trenching confirm that in the Western VMS Zone, a high-grade gold-silver oxidized cap extends over 650 metres along strike and is underlain by strongly altered felsic volcanic rocks that contain semi-massive and disseminated sulphides with significant precious metal contents.  The iron-rich oxidized gold-silver cap is characteristic of other major VMS systems in the Arabian-Nubia shield that also are characterized by base-metal -rich massive and semi-massive sulphides below the oxidized cap.\n* Discovery, the Valley VMS Zone, stratigraphically below the Main VMS Horizon.  Deep Trench- 72 returned 24 metres grading 0.46% copper and 0.17% zinc.\nInitiated a 1,450-metre diamond drill program to test for the:\n* Depth-extent of the at-surface gold-silver cap in the Western VMS zone\n* Continuity of grade and width of zinc-gold rich mineralization at depth in the Central VMS zone \nThe results of this program are:\n* Mapping and drilling confirm that the Main VMS horizon, previously interpreted as three separate lenses, is one mineralized unit extending 3,000 metres along strike; it consists of zones of semi-massive to massive sulphides and zones of ankerite-rich exhalite; it is structurally moderately overturned, remains open to the east and down-dip, and on surface is up to 114 metres wide. \n* Based only on results from deep trenches, the oxidized gold-silver-rich cap in the Western VMS Zone averages 43.8 metres wide with a gra...