Business
Alexander Nubia Provides Update on Drilling Program at its Gold Rich Poly-Metallic Flagship Project
Jun. 27, 2011 (Filing Services Canada) -- Alexander Nubia International Inc. (AAN - TSX Venture...
About this update from Aton Resources Inc.
[{"type":"text","content":"\nAlexander Nubia Provides Update on Drilling Program at its Gold Rich Poly-Metallic Flagship Project\n\n Jun. 27, 2011 (Filing Services Canada) -- Alexander Nubia International Inc. (AAN - TSX Venture), an exploration and development company with diversified minerals projects in Egypt, today provided an update on a drilling program currently underway at its flagship Abu Marawat property.   \"We are very encouraged by our latest drill results,\" said Alexander Massoud, President and CEO of Alexander Nubia Inc.  \"Our drill program, which was initiated in January 2011, continues to validate our belief that Egypt's Eastern Desert region is resource rich and whose potential can be unlocked by applying modern mining expertise and practices. We look forward to continuing our drilling program to evaluate the potential of the Abu Marawat project and form a NI43-101 resource estimate. \"Located in Egypt's Eastern Desert, the Abu Marawat concession includes the Abu Marawat Project which covers an area of 1,027.50 km2. Located near significant infrastructure, the project hosts gold, silver, copper and zinc. This well advanced project is also located near three previous operating gold mines.  Historic assay results have defined several prospective targets from which the Company has conducted further exploration. Results from an ongoing drilling program have confirmed the presence of base and precious metals mineralization.  Current drill program highlights:* Drilling traces CVZ over 900 metres for an increase of 660 metres beyond the historic resource calculation by Fluor Daniel, 97,557 oz Au and Ag equivalent, based on a total of 240 metre strike and 70 metres down-dip (below the level of Abu Marawat Wadi);* AAM-027, intersected CVZ  180 metres below wadi level, and intersected 20 metres carrying 1.4 g/t Au, 32 g/t Ag, 0.3% Cu, and 1.4% Zn;* Intersected parallel vein system to CVZ, FIN vein (\"FIN\") immediately west of the mineralized block of the historic resource;* Parallel Vein Structure: FIN strike extension traced over 600 metres and open for further 150 metres to NW and 200 metres to SE; and * AAN extends diamond drilling contract for Stage 2 Exploration, for a minimum of 12,000 metres of diamond core drilling.Assay results are as follows:Table 1: Preliminary Assay Results - Signifi...