Alexander Nubia announces status of deposits on Abu Zawal and the Fatiri concession in Egypt
21. January 2014, Toronto, Ontario. Alexander Nubia International Inc. (TSX-V: AAN), the VMS, base and precious metal focused company in Egypt, is pleased to announce the results of a large-scale sampling and mapping program from the Abu Zawal Deposit, a former producing gold mine at the southern end of the Fatiri concession, to announce. The Fatiri concession is part of the company's 2.772 km2 large land package in the Egyptian desert (see Figure 1).
Highlights:
• Significant mineralization occurs sporadically in a range of 1,3 km x 1,3 km with numerous intermittent mineralized felsic vents that may be up to several meters thick, mainly north-south and declining at an angle of 15-25 degrees and westward.
• 64 anomalies (> 100 ppb gold) channel and chip samples taken from the main underground area, 30 additional mostly narrow access adits and 29 old trenches over 1,5-2m thick and grab samples from mostly weathered rock dike and surface quartz veins , returned an average of 1,97 g / t gold with a maximum value of 15,3 g / t gold.
• 33 heap samples returned an average of 1,86 g / t gold.
• 2 waste mine ore yielded an average value of 2,60 g / t gold. The gold values in the waste ore are consistent with higher grade results in the rock dikes of historical production
• The results are mainly from weathered rock dikes, indicating that this is a broad exploration target with potential for widespread gold in both felsic and dike sites.
Chief Executive Officer Alexander Massoud said, "We are delighted with the results of our Abu Zawal deposit. A special aspect is that no systematic or modern exploration has taken place in the past 90 years. These preliminary results and our interpretation are very encouraging, as this indicates the presence of a medium-grade, larger mineralized zone, larger than originally thought. "
VP Exploration, Dr. John Payne commented, “These results from the Abu Zawal deposit increase the potential and prospectivity of Alexander Nubia's land package. The deposit is close to the Abu Marawat copper-gold deposit and the Hamama VMS deposit. " Dr. Payne continued, “The company's primary focus remains on the exciting Hamama VMS deposit, the main VMS horizon of which is three kilometers of strike length and is a world class VMS deposit in the Arabic-Nubian shield comparable to the Bisha deposit in Eritrea, controlled by Nevsun Resources (1,2 kilometers strike) or Hassaï owned by the Weather II Fund (formerly La Mancha with 2,5 kilometers strike). The drilling and prospecting results indicate the discovery of a substantial gold and silver oxidized cap and a zinc-gold bearing zone with dispersed gold and silver mineralization in a heavily weathered base, suggesting a significant VMS system. "
Table 1: Abu Zawal selected significant results
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http://www.irw-press.com/dokumente/AlexanderNubia_220114_Deutsch.pdf
Detailed results of the samples at: www.alexandernubia.com
Detailed description
The Abu Zawal deposit can be reached from Cairo with a daily flight to Hurghada. Then it goes south on a paved highway towards the port city of Safaga on the Red Sea, then west along the highway 44 to Km 40, northwest and then southwest along the newly built highway towards Sohag along the Nile and finally 2 km east along the flat desert runway ( Figure 2). The desert runway provides easy access to much of the deposit and the Fatiri concession.
Figure 1. Position map of the Fatiri concession
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/AlexanderNubia_220114_Deutsch.pdf
Commodity TV Mine Visit Video:
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Abu Zawal was already being dismantled during the time of the Pharaohs and Romans. In the years 1902-1905 the Fatiri Exploration Company exploited the deposit in shallow areas along various sub-parallel Felsic dykes and processed on site. Although the ruins of the mill and camp are contemporary witnesses of these activities, the size of the overburden is a sign that only a rather small production took place. Based on EMRA head grade records, a 1968 report by Kochin & Bassyuni shows that an estimated 25.000 to 30.000 tonnes were processed at Fatiri, but the authors questioned the high reported grades of 15,5 g / t Au as too high . Although trench samples contain high grade copper oxide mineralization obtained from underground mining, no copper production has been recorded. The Abu Zawal area was re-evaluated by the Egyptian Mining and Prospecting Company in 1957 and also by the Egyptian Geological Survey (EGSMA, now EMRA) from 1975-1977.
The geology of the Fatiri concession was compiled by the EMRA and shows ancient rocks as part of an ophiolite sequence of the Meta-Volcanic rock and mudstone (Shadli group), which have penetrated into a series of granitoid batholiths. This rock is superimposed by non-conforming Late Proterozoic Lime Alkaline, Andesitic and Rhiolitic Volcanic and Volcanolastic rocks (Dohkan group) with several connected sedimentary units (Hammamat Group). These were permeated by synchroic late-mafic intrusions as well as lime-alkaline granitic body. (Monzonite and Monzodiorite). Finely growing alkaline dykes, intrusive sites and sticks invade the older rocks.
Figure 2. Abu Zawal geology
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/AlexanderNubia_220114_Deutsch.pdf
On Abu Zawal, gold mineralization occurs in a shallow, west-facing, late Precambrian hypabyssalic rocky dyke with a thickness of up to 2,5 m, which in turn has invaded ancient meta-andesitic, meta-argillitic, and granodioritic formations (see Fig. 2). The known mineralization focuses on two distinct areas: one with a surface of 400 x 400 m (East Zone) and one with 400 x 150 m (West Zone). Gold mineralization occurs in hydrothermal weathered felsic dykes, which are covered by quartz veins and mainly occur in a split basic form in the upper part of the dyke. Secondary copper oxides, goethite and hematite are common. Some of these veins are interconnected and possibly genetically rich with several large monzonitic to monzodioritic veins, sticks and plugs, some of which are moderately weathered, comparable to silicate weathering of the main mineralized zones. In the Eastern Zone, Grnodiorite dominates the bedrock, whereas in the Western Zone it is dominated by steeply sloping metasedimentary and metavolcanic rocks. Volcanic rocks were traversed from monzodiorite to monzonitic rocks and intrusive camps. AAN has performed detailed geological mapping and lithographic sampling (425 hemp samples, sliver samples, and screes) and has accurately located all occurrences, excavations, screes, and underground work. At each remarkable historical excavation, two vertical 3 m-length samples were taken across the heavily weathered and quartz-veined felsic dykes that host most of the mineralization on the site. Also, numerous samples were taken from the various spoil heaps near the shafts (possibly rejected hand-picked material from mined rock) and from two spoil heaps of the abandoned mill.
Most underground work, ditches and dumps contain exceptional gold values. The average of eight channel samples underground yielded 7,34 / t gold with a peak of 16,9 g / t gold. The best sample from the surface yielded 8,85 g / T Au from 64 surface samples with gold grades higher than 0,1 g / T Au. Halders and garbage ore yielded a number of significant gold values with the highest heap value of 20,1 g / t Au and the highest garbage ore value was 4,41 g / t gold. The gold values in the waste ore are constant with higher grade results in the felsic dyke of historical production. Various trench samples taken from dumps near the entrance to the mine contained over 300 ppm copper, with a maximum of 4.370 ppm copper. The silver values are consistently low. With small exceptions of granodioritic and metamorphic wall rocks and mafic dykes that do not contain gold. Detailed gold values of the various samples of Abu Zawal can be found in the appendix.
Positive results indicate a potentially broad zone of gold-bearing mineralization within the weathered rock, including the monozonite population, which is often found in the western zone near the granodiorite-meta-volcanic contact, the richest in the western zone near the granodioritic / Metavolcanic contact, which defines the boundary of the West and East Zone.
The next phase of exploration will be a six- to eight-diamond drill hole program, with each hole having a length of 50-200 m along the presumed subsidence of the main rock dike in the eastern zone near the main underground tunnel and two similar diamond drill holes around the downward extension of the rock dike in to test the western zone.
Qualified person
The technical information contained in this press release was prepared or reviewed under the direct supervision of John Payne (P.Geo.), Alexander Nubia Inc.'s vice president. Dr. Payne is a Qualified Person under the National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
Alexander Nubia maintains a preparation plant on their premises, whereby the cores are cut into two equal halves with a diamond saw. One half remains permanently in the box and is stored on the premises. The other half with a weight of approx. 2 kg is ground in minus 5 mm and ribbed splinters with 500 g. The 500 g sample is halved. One half goes to the Egyptian Mineral Resource Authority for storage and the other half goes to the ALS Minerals laboratory in Romania for analysis. ALS Minerals is an internationally recognized and accredited analysis company. ALS pulverizes the entire samples in order to homogenize them and then takes a single sample barrel cut (approx. 30 g) for gold analysis which is followed by an atomic absorption with a conclusion to the industry-wide recognized fire sampling technique. In addition, samples of 5-10 g are taken for Ag-Cu-Zn analysis by atomic absorption after leaving them in a water solution. The copper values are> 10.000 ppm, zinc> 10.000 ppm and silver> 100 ppm. These are analyzed again using a finely adjusted atomic absorption spectral technique. (AAS). Selected samples are determined by inductive coupled plasma spectral analysis - by means of atomic emission spectroscopy (ICP-AES) after four-acid digestion for total leaching. This technique follows a total of 33 elements. A quality control program consisting of the input of blanks and analytical control standards is also included to monitor laboratory results in addition to ALS's internal QA / QC program. There were few discrepancies and when these occurred the laboratory sample bag (usually 20 samples per bag) was examined again.
About Alexander Nubia International Inc.
Alexander Nubia International Inc. is an established Canadian exploration company that has been operating in Egypt since 2007. You are motivated and focused on the progress of the gold and base metal projects in the Eastern Desert of Egypt. The company holds two exploration licenses in Egypt: Abu Marawat and Fatiri. These cover an area of 1.027 km2 and 1.745 km2 respectively. The Company is focused on exploration within the Abu Marawat Concession, which hosts the two main projects - the Hamama Volcanic Massive Sulphide Deposit (“VMS”) and the Abu Marawat Mesothermal Vein Deposit, the latter of which is NI 43-101 compliant Inferred Gold -Kuper-smelling resource.
The Hamama VMS deposit is located in the Arab-Nubian Shield, which is known for its high-quality VMS deposits. Positive drilling results at Hamama intersected high-grade semi-massive and massive sulphide mineralization, a broad zone of VMS gullies on the surface that have high grade gold and silver (a "gold cap") and an extensive mineralized prone layer and breccia zone.
The company holds a very prospective land package with an existing mining history going back to the Pharaohs with three historic gold mines and four main prospectuses. The land package is further enhanced by the excellent and close infrastructure. The existing infrastructure has road access and railway tracks, a connection to the national high voltage system and large cities are nearby: Qena on the Nile and the port of Safaga on the Red Sea.
For more information please contact:
Alexander Massoud Swiss Resource Capital AG
President & Chief Executive Officer Jochen Staiger, CEO
Egypt: +2 (0) 22 287 6914 [email protected]
Email: [email protected] www.resource-capital.ch
General information:
Canada: + 1 (604) 727 1813
Email: [email protected]
Risk notice regarding forward-looking statements
With reference to "Alexander Nubia", "AAN", or "the Company" and referring to Alexander Nubia International Inc., the company is listed on the TSX Venture Exchange under the symbol AAN or any of its subsidiaries: Alexander Nubia Inc., Alexander Nubia Resources Inc., Alexander Nubia Mining Inc., or Canex Enterprises Inc. Other than statements other than historical data and interpretations are based on data concerning activities, events and developments in the future which Alexander Nubia believes, expects or assumes may occur are predictive statements. (Forward-Looking Statements) Forward-looking statements are generally, but not fully, determined by the use of words such as “seek,” “assume,” “believe,” “plan,” “estimate,” “expect” and “intend” and statements the events or results relate to “may”, “could,” “should”, “may” or “possibly” occur or be achieved, or through similar expressions may occur. Forward-looking statements reflect AAN's current expectations or assumptions based on the information currently available.
Forward-looking statements are subject to a number of risks and uncertainties that may affect current results of AAN or may differ materially from the forward-looking statements discussed, and even if such current results are realized or almost realized, there is no assurance that they will expected consequences or effect for AAN. Factors may affect current results or events so they may diverge greatly from current expectations such as failures in successful capital raising and other costs that are very different from those anticipated operationally, political changes affecting AAN's activities, such as securing approvals. What is needed are changes in commodity prices and industrial metals markets, changes in stock and capital markets, uncertainties regarding availability and acceptable costs of needed capital, equipment errors, unexpected geological conditions, improper resource estimates, success of future developments and initiatives, competition, operating performance of assets , Environmental and safety risks, delays or failures of necessary approvals and approvals by the government and authorities as well as other developments and operational risks. A forward-looking statement is valid only as of the date of its creation and unless otherwise required by law. AAN assumes no liability or intention to update any forward-looking statements, whether as a result of new information, future events or other events. AAN believes that the inherent assumptions in the forward-looking statements are reasonable. Forward-looking statements are not a guarantee of future results and of course you should not refer to them as they involve inherent uncertainties. The site still needs significant future evaluations, which AAN's management and consultants also intend to carry out. Only the original English version of this communication applies!
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Source: IRW-Press.com.
