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Alexander Nubia Provides a Summary on the Abu Zawal Gold Deposit Located in the Fatiri Concession, Egypt
Alexander Nubia Provides a Summary on the Abu Zawal Gold Deposit Located in the Fatiri Concess...
About this update from Aton Resources Inc.
[{"type":"text","content":"Alexander Nubia Provides a Summary on the Abu Zawal Gold Deposit Located in the Fatiri Concession, EgyptAlexander Nubia Provides a Summary on the Abu Zawal Gold Deposit Located in the Fatiri Concession, Egypt\n\nToronto, Ontario CANADA, January 21, 2014 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), the Egyptian VMS base and precious metals focussed development company is pleased to announce the summary results from an extensive sampling and mapping program at its Abu Zawal deposit, a past-producing gold mine near the southern end of the Fatiri Concession. The Fatiri Concession forms part of the Company's overall 2,772 km2 land package in Egypt's Eastern Desert (see Figure 1).\n\nHighlights:\n\n* Significant mineralization occurs in patches within an area 1.3 km by 1.3 km in which numerous discontinuous mineralized felsic dykes up to a few metres wide trend mainly north-south and dip 15-25 degrees to the west.\n\n* 64 anomalous (>100 ppb gold) channel and chip samples from the main underground working, 30 additional, mainly small adits, and 29 old trenches, over widths of 1.5-2 metres and grab samples from mainly altered felsic dykes and quartz veins on surface and underground yielded an average 1.97 g/t gold, with a maximum value of 15.3 g/t gold.  \n\n* 33 anomalous samples from dumps yielded an average of 1.86 g/t gold.\n\n* 2 anomalous samples from tailings yielded an average of 2.60 g/t gold.   The gold values in the tailings are consistent with higher-grade assay values in the felsic dykes where historical mining was focused.\n\n* The anomalous gold assay results are mainly from altered felsic dykes, suggesting the possibility of a broader exploration target with the potential for disseminated gold in the felsic stocks as well as in the dykes.  \n\nChief Executive Officer, Alexander Massoud said, \"We are pleased with the results from our Abu Zawal deposit.  One of the more exciting aspects of this target is that it has not had a systematic and modern approach to exploration in over 90 years. These preliminary results and our interpretation of them are encouraging, as they suggest potential for a moderate-grade, larger mineralized target than previously recognized.\"  \n \nV.P of Exploration, Dr. John Payne commented, \"The results at the Abu Zawal depos...