Alexander Nubia reports extension of the gold zone at the Hamama VMS Deposit
* The Western VMS Zone is expanded 450 m along strike for a total length of 1,100 m and remains open to the west (trench 62 and 67)
* Trench AHA-T-62: assayed an average of 0.272 g/t gold over 52 m
* Trench AHA-T-67: assayed an average of 1.04 g/t gold over 24 m
Toronto, Ontario CANADA, May 09, 2012 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), is pleased to announce results from a surface trenching program at its Hamama gold-zinc volcanogenic massive sulphide (VMS) deposit in Egypt. Hamama is located near excellent infrastructure: 32 kilometres from a highway, railway, and high-capacity electricity grid, and 90 kilometres from a major city, Qena, on the Nile River. The Hamama Project is 35 kilometres from the company's Abu Marawat gold-copper vein deposit.
As announced on March 26, 2012, shallow trenching in the Western VMS zone discovered a broad high-grade gold-silver mineralization 650 m along strike and averaging 60 m wide (Trenches 2-7 and 9-16). Based on recently completed trenches (Trench 62 and Trench 67), this high-grade gold zone has been extended by 450 m westward, for a total length of 1,100 m. The Western VMS Zone is now traceable for 1,650 m.
Trenching and road construction have discovered numerous alteration zones in the footwall of the VMS which are visibly similar to the alteration in Trench 62. Many of these alteration zones were not visible until the surface mantle of the overburden was disturbed. All alterations zones throughout the property have been flagged for trenching and sub-surface sampling.
"These results increase the strike length of the Western VMS by nearly 40%." said Mr. Alexander Massoud, CEO of Alexander Nubia Inc. "Hamama is proving to be unique to other volcanogenic massive sulphide deposits which typically have overburden, thereby limiting the usefulness of a surface trenching geochemical program. High-grade surface mineralization suggests trenching and deep channel sampling will continue to be an effective tool in demonstrating the substantial potential of this deposit."
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Table 1: Significant Assay Results from Trenches AHA-T-062 AND AHA-T-067
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Trench No. Location *Width Au g/t Ag g/t Cu(%) Zn(%) Rock Type**
or zone metres
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AHA-T-062 Western Zone 52 0.27 3.6 0.01 0.02 Stringer/VMS
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AHA-T-067 Western Zone 24 1.04 8.4 0.02 0.13 Stringer/VMS
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Including 4 2.79 20 0.01 0.02 Stringer/VMS
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Including Central & 8 1.31 11 0.04 0.31 VMS
Eastern Zone
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* widths in metres are not true widths
** VMS = massive sulphide gossan and sulphide-bearing ankerite-rich exhalite
Stringer = strongly altered andesite, commonly with anomalous gold/silver/zinc and stratigraphically the footwall
Hamama Deposit Highlights
* Main VMS horizon traced over 3,000 m along strike and open at both ends
* Within the Main VMS horizon is the Western, Central and Eastern VMS zones
* Stacking of VMS lenses visually identified north of the Main VMS horizon within a zone up to 2,000 m along strike
* Western VMS zone - at surface, gold zone traceable for 1,100 m
* Contains a broad, high-grade zone 650 m along strike and averaging 60 m in width, containing uniform mineralization of 1.5 g/t gold and 19.4 g/t silver
* Central VMS zone - drilling and surface trenching confirms high-grade zinc mineralization on surface to a depth of 125 m
* Stringer zone material is also mineralized with grades increasing near the VMS horizon
* Eastern VMS zone - extended by 125 m further east for a total length of 500 m and open to the east
* Contains high-grade zinc plus copper and gold over 48 m at the contact between the stringer zone and the VMS horizon
* Stringer-style alteration zones in the footwall of the VMS horizon have elevated commonly high-grade, gold and zinc mineralization.
* A number of additional alteration zones, visually similar, have been identified throughout the property
Other VMS deposits in the Arabian-Nubian shield (a mineralized belt that extends into Saudi Arabia and from Egypt to Eritrea) that either are in production or at an advanced stage of exploration include:
* Barrick Gold Corp. (TSX: ABX) - Jabal Sayid (Saudi Arabia)
* La Mancha Resources Inc. (TSX: LMA) - Hassai deposit (Sudan)
* Tigray Resources Inc. (TSX.V: TIG) - Harvest deposit (Ethiopia)
* Nevsun Resources (TSX:NSU) - Bisha deposit (Eritrea)
Qualifying Person
The technical information contained in this news release was prepared or reviewed under the direct supervision of Mr. Ralph Gonzalez (P.Geo.), Alexander Nubia Inc.'s Project Manager for exploration in Egypt. Mr. Gonzalez is a qualifying person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
QA/QC
Alexander Nubia employs an on-site sample preparation facility where core is diamond sawed into two equal halves; and one half of the core is returned to its core box for permanent, on-site storage and the other half, weighing approximately 2 kilograms, is crushed to minus 5 mm and riffle split to 500 g. The 500 g sample is pulverized to a nominal -75 mesh and divided into two halves. One half is delivered to the Egyptian Mineral Resource Authority for storage and the other half is shipped for analysis to the ALS Minerals laboratory in Romania. ALS Minerals is an internationally recognized and accredited analytical facility. ALS re-pulverizes all samples to insure the samples are homogenized and removes a one-assay/ton cut (approximately 30 grams) for gold analysis followed by an atomic absorption finish using industry accepted fire-assaying techniques. In addition, a 5-10 g sample is removed for Ag-Cu-Zn analysis by atomic absorption after digestion in aqua regia. Over-range copper (>10,000 ppm), zinc (>10,000 ppm) and silver (>100 ppm) are re-analyzed using readjusted atomic absorption spectrometry (AAS) techniques. Selected samples are determined by inductively coupled plasma spectrometry - atomic emission spectroscopy (ICP-AES) after a four-acid digestion for 'near total' digestion. This technique scans a total of 33 elements. A quality control program consisting of blanks and analytical control standards has been implemented to monitor laboratory performance; this is in addition to ALS's internal QA/QC program. Discrepancies have been few, and when discovered, the 'laboratory batch' (usually 20 samples in a batch) is re-analyzed.
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 in the Eastern Desert of Egypt. The Company holds two exploration concessions: Abu Marawat (previously held by Centamin: TSX: CEE) and Fatiri, which cover a combined total area of 2,772 km2.
The Company is currently focused on exploration within the Abu Marawat concession where the company's two main properties are situated. In this 1,027 km2 historical gold and copper mining district are numerous small workings including, historical small-scale mining at the Abu Marawat Deposit, Hamama - a volcanogenic massive sulphide deposit and two past-producing gold mines (Semna and Sir Bakis). The principal projects, Abu Marawat and Hamama VMS are located near excellent regional infrastructure. The projects are 35 kilometres apart and are within 30 kilometres of a highway, railway, and high-capacity electricity grid, and are near major cities: Qena, on the Nile River, and Safaga, on the Red Sea.
For more information on Alexander Nubia please contact:
A. Alexander Massoud
President and Chief Executive Officer
Egypt: +2 (0) 22 287 6914
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@alexandernubia.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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www.usetdas.com/PR/alexandernubia09052012.htm
Source: Alexander Nubia International Inc. (TSX.V - AAN) http://www.alexandernubia.com
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