Mar. 30, 2011 (Filing Services Canada) -- Alexander Nubia International Inc. (AAN - TSX Venture), ("Alexander Nubia", or "the Company", or "AAN") is pleased to announce the current drilling extended the strike length of the CVZ Vein System by 420 metres for a total of 660 metres and intersected down-dip vein extension up to 150 metres, 80 metres deeper (AAM-007) than the Flour Daniel historical resource estimate.
Preliminary Assay Results - significant intervals AAM-007
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Hole From To Interval Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%)
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AAM-007 89.2 98.2 9 4.51 50 0.56 2.36
188.8 191.8 3 1.81 46 0.16 0.47
227.7 229.8 2.1 1.02 53 0.36 1.29
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The historic resource calculation by Fluor Daniels of 97,557 oz (Au and Ag equivalent) is based on a strike length of the mineralized CVZ vein zone of 240 metres, with the deepest intersections on most sections being 70 metres below the level of the wadi (refer to Table 2 for further details).
The Company's CEO, Mr. A. Alexander Massoud said: "These results are very encouraging. They indicate that the mineralized envelope is currently five to six times larger than that provided by Flour Daniel, not accounting for copper and zinc credits. In addition, we have yet to drill 800 metres of additional strike, and further down-dip extension of the CVZ Vein System."
CVZ Vein System Results
The following summary of drill-hole activities was taken directly from the drill logs of the geologists responsible for logging the core, and mineral percentages are based on visual estimates. AAM-008, AAM-010, AAM-013 to AAM-015 drill holes tested 420 metres further along the northern strike of the CVZ Vein System. All numbers refer to distance along the core axis from the collar. Assays are pending.
AAM-010, 50 metres northwest of AAM-008, 194 metres in length. The mineralized envelope was encountered from 88 to 94 metres and contains narrow zones zone of up to 10 percent pyrite and chalcopyrite.
AAM-013, 140 metres northwest of AAM-010, 179 metres in length. The mineralized envelope was encountered from 138 to 162 metres including a 5-metre vein that contains 7% chalcopyrite, 2% sphalerite and 12% pyrite.
AAM-014, 90 metres northwest of AAM-013, 275 metres in length. The mineralized envelope was encountered from 197.6 to 210.8 metres and contains 5-10% chalcopyrite, 4-15% sphalerite, and 3-7% pyrite in three distinct veins totalling 5.1 metres.
AAM-015, 95 metres northwest of AAM-014, 266 metres in length. The mineralized envelope was encountered from 210 to 219 metres and contains up to 15% chalcopyrite, up to 15% sphalerite and 5-10% pyrite.
Figure 1 shows a plan view of the traces of the AAM holes drilled to date. AAM-001 to AAM-007 were designed to twin some of the historical drill holes and test the down-dip extension of mineralization within the mineralized CVZ Vein System that was included in the historic resource figures. AAM-008, AAM-010, AAM-013 to AAM-015 demonstrate the strike extension of the CVZ Vein System of which assay results are pending.
Figure 1: Plan View - Abu Marawat Property Drill Hole
To view the image of Figure 1: Plan View - Abu Marawat Property Drill Hole please go to http://www.alexandernubia.com/pages/cms_pages/43. You will also be able to access the full new release.
Table 1: Final Assay Results - significant intervals AAM-001 to AAM-008
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Hole From To Interval Au Ag Cu Zn
(m) (m) (m) (g/t) (g/t) (%) (%)
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AAM-001 71.0 77.0 6.0 2.0 57.5 2.98 1.09
AAM-003 82.2 89.5 7.3 2.5 63.6 0.31 3.04
AAM-004 83.5 89.5 6.0 12.1 202.0 1.03 10.30
AAM-005 84.1 88.1 4.0 1.9 50.0 0.23 2.15
100.1 104.1 4.0 4.3 24.0 0.35 2.48
AAM-006 41.2 51.2 10.0 4.9 71.8 4.06 0.57
AAM-007* 89.2 98.2 9.0 4.5 50.0 0.56 2.36
188.8 191.8 3.0 1.8 46.0 0.16 0.47
227.7 229.8 2.1 1.0 53.0 0.36 1.29
AAM-008 76.0 80.0 4.0 0.1 8.5 1.25 0.02
211.5 212.5 1.0 3.9 57.0 0.68 3.88
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* Pending final assay certificate for AAM-007.
Geophysical Anomaly Results
Holes AAM-009, AAM-011, and AAM-012 have tested the geophysical anomaly. The axis of the geophysical anomaly is marked by a poorly exposed, nearly vertical mineralized quartz-rich vein structure that was tested on surface intermittently over a length of 250 metres by shallow trenches and one shaft. Pending are assay results.
Drill Program
Alexander Nubia has completed 15 holes totalling 2,718 metres of a planned minimum 7,500-metre drill program. The program is designed to:
1) test, verify, and build upon a historic resource, various estimates of which are shown in Table 2;
2) to test along the 1,500 metre vein strike length of which 660 metres has confirmed mineralization;
3) to test vein down-dip extension beyond the 150 metres; and
4) to test the 1,400 metre-long geophysical target (I.P. anomaly) that lies immediately east of and parallel to the mineralized vein zone.
The Company is currently drilling AAM-016 between AAM-013 and AAM-014. Future step-out holes are planned northwest of AAM-015 to determine the extent of the mineralized zone.
Table 2: Historical Estimates of Au and Au equivalent resource at Abu Marawat
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Company Tonnes Au (oz) Ag (oz) Ag Au
(Au equiv. oz) (equiv. oz)
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Fluor Daniel* 407,808 75,187 934,156 22,367 97,557
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* Based on Flour Daniel's pre-feasibility study (1995), it indicates a geologic indicated and inferred resource grading 5.7 g/t Au and 70 g/t Ag.
A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The Issuer is not treating any historical estimate as current mineral resources, nor are they NI 43-101 compliant and any historical estimate should not be relied upon.
All mineralized portions of drill core up to AAM-015 have been diamond sawed into two halves, with one half being crushed and pulverized on site, from which a 200-gram sample was split and shipped to ALS-Chemex in Romania for fire assaying for gold and atomic absorption analysis for copper, silver, and zinc. ALS-Chemex laboratory prepares a cut for shipment to their facility in Vancouver for ICP analysis. The Company will announce the results of the analytical work as soon as practical.
The technical information in this press release was prepared by Ralph Gonzalez (P. Geo), Project Manager for Alexander Nubia Inc., who manages the exploration program in Egypt. Mr. Gonzalez is a Qualified Persons under National Instrument 43-101 regulations.
About Alexander Nubia International Inc.
AAN is a mineral exploration company whose mission is to implement the technical expertise of developed mineral-exploration jurisdictions, such as that of Canada, in resource-rich Africa. Initially, AAN has established Egypt as its platform country, focusing on the under-developed Eastern Desert, where historical mining of gold and copper dates back to Pharaonic times. AAN presently controls the Abu Marawat concession in Egypt. The Abu Marawat concession, which covers an area of 1,370 km2, contains the main Abu Marawat, Semna, Hamama VMS Property and other gold and base-metal exploration targets. The concession is located in Egypt's Eastern Desert as part of the Nubian Shield.
For more information on Alexander Nubia please visit our web site at www.alexandernubia.com or contact:
A. Alexander Massoud
President & Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Canada: +1 (877) 607-4747
Email: amassoud@alexandernubia.com
Donald M. Cameron, CA
CFO
Canada: +1 (877) 607-4747
Email: dcameron@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.
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