Business
Alexander Nubia reports significant surface trench results at the Hamama VMS project, 118 metres at 1.52 g/t gold, including 24 metres at 4.59 g/t gold in a new mineralized zone
Alexander Nubia reports significant surface trench results at the Hamama VMS project, 118 metr...
About this update from Aton Resources Inc.
[{"type":"text","content":"\nAlexander Nubia reports significant surface trench results at the Hamama VMS project, 118 metres at 1.52 g/t gold, including 24 metres at 4.59 g/t gold in a new mineralized zone\n\nAlexander Nubia reports significant surface trench results at the Hamama VMS project, 118 metres at 1.52 g/t gold, including 24 metres at 4.59 g/t gold in a new mineralized zone\nToronto, Ontario CANADA, March 26, 2012 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), * A new discovery - the Western VMS Zone - is 650 m along strike and averaging 60 metres wide contains relatively uniform mineralization averaging 1.15 g/t gold and 19.4 g/t silver \n* Trench 9 returned 82 metres grading 1.73 g/t gold and 39.2 g/t silver, including 50 metres grading 2.35 g/t gold and 48.1 g/t silver \n* Trench 11 returned 88 metres grading 1.82 g/t gold and 31.5 g/t silver, including 74 metres grading 2.09 g/t gold and 29.4 g/t silver.\nMarch 26, 2012, Toronto, Ontario.  Alexander Nubia International Inc. (TSX-V: AAN) is pleased to announce results from a surface-trenching program at its Hamama gold-zinc volcanogenic massive sulphide (VMS) property 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.  \nAs announced on February 16, 2012, diamond drilling at what is now referred to as the Central VMS Zone outlined a 400-m-long zone of high-grade gold-zinc exhalite mineralization; a fence of drill holes (AHA-003, AHA-004, and AHA-005) and results of surface mapping and recent trench sampling show that it is continuous to a depth of at least 125 metres.  As well, within the 3,000-metre strike-length of the VMS horizon as mapped on surface by AAN's exploration team, the current trench-sampling program has defined two new zones of mineralization, the Western VMS Zone and the Eastern VMS Zone. \nDr. John Payne, Vice President of Exploration, commented, \"The broad extent of high-grade gold and related silver values at surface in the Western VMS Zone is an exciting and highly significant discovery that greatly enhances the economic potential of the Hamama property. Our...