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Alexander Nubia International Inc. Reports Second-Quarter Financial Results For 2013
Alexander Nubia International Inc. Reports Second-Quarter Financial Results For 2013 Update ...
About this update from Aton Resources Inc.
[{"type":"text","content":"Alexander Nubia International Inc. Reports Second-Quarter Financial Results For 2013Alexander Nubia International Inc. Reports Second-Quarter Financial Results For 2013\nUpdate on key project in Egypt, the Hamama VMS project\nToronto, Ontario CANADA, August 23, 2013 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), (\"AAN\" or the \"Company\"), today reported its financial results for the three and six month periods ended June 30, 2013.  Unless otherwise noted, all amounts are in Canadian currency.\nOutlook \nChief Executive Officer, Mr. Alexander Massoud stated, \"The Company remains a strong believer in the potential of its projects in Egypt and in Egypt's mineral-resource sector.  During this quarter the Company has taken steps to conserve capital and resources.  Although our projects are some 400 kilometers from the areas of political unrest, due to this unrest and the prevailing negative global market conditions, we will assess when it is appropriate to resume our exploration program.\"  Mr. Massoud further commented, \"The technical fundamentals of our projects, in particular those of the Hamama deposit have not changed, and, although recent political events in Egypt are unsettling, we believe this transition will create an opportunity to access financing from regional and local markets. I reiterate, when comparing Hamama to other major VMS deposits in the Arabian-Nubian Shield, the Main VMS Horizon at Hamama, extending 3,000 meters along strike, is one of the largest. This fact, combined with positive diamond drill results and a broad zone of at-surface high-grade gold-silver mineralization, supports AAN's strong belief that the Abu Marawat Concession has the potential to host a major VMS deposit.\" \nContingent on fundraising, the business objectives of the Company for the next 12 months are as follows: \nHamama VMS Deposit\n* Metallurgical test work; \n* Mapping and, where appropriate, deep trenching to identify and explore the property extensions; \n* A geophysical program to identify potential massive sulphide bodies at depth.\nAbu Marawat Gold-Copper Deposit\n*  Metallurgical test work; \n*  Exploration drilling to test two new vein zones identified by deep trenching laterally from the main zone. \nGeneral Business Objectives\n*  To c...