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Aton Resources Inc V.AAN

Alternate Symbol(s):  ANLBF

Aton Resources Inc. is a Canada-based gold exploration and development company located in Egypt's Arabian-Nubian Shield. The Company is focused on its 100% owned Abu Marawat Concession (Abu Marawat), located in Egypt's Arabian-Nubian Shield, approximately 200 kilometers (km) north of Centamin's world-class Sukari gold mine. It has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the Rodruin deposit in the south of the Concession. The Abu Marawat Deposit is a high-grade gold-copper vein deposit located 35 km to the northeast of Hamama. Two historic British gold mines are also located on the Concession at Semna and Sir Bakis. The Abu Marawat exploitation lease is approximately 57.66 square kilometers (km2) in size, covering the Hamama West and Rodruin mineral deposits. The Concession also includes an additional 255.0 km2 of exploration areas at Abu Marawat.


TSXV:AAN - Post by User

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Post by dabbler1on Jul 20, 2014 6:58pm
114 Views
Post# 22763985

Here it is :-) not sure why SH have not got it

Here it is :-) not sure why SH have not got it
Alexander Nubia releases deep trench results at Hamama VMS project in Egypt.
AHA-T-113 contains 26 metres grading 3.47 g/t Au and 118.2 g/t Ag (AuEq. 5.35 g/t)
  • New area discovered. In the Western VMS Zone a gold-rich zone 100 metres long that is covered by a thin outlier of Nubian Sandstone is interpreted between previously reported AHA-T-089 and new AHA-T-113, which ends in high-grade gold-silver mineralization at the contact with the overlying Nubian Sandstone.
  • AHA-T-106 and -107 indicate a potential new VMS hydrothermal centre (Far West Zone) 350 metres west of the gold-cap in the Western VMS Zone

July 9, 2014 - Toronto, Ontario - Alexander Nubia International Inc. (TSX-V: AAN) (the “Company” or ”Alexander Nubia”) is pleased to announce the initial results of a deep trenching programme at its Hamama VMS deposit. Previous trenching identified an oxidized gold-silver mineralized zone (gold cap) in the Western VMS Zone that is 650 metres along strike and averaging 43.8 metres in width that grades 2.05 g/t gold and 44.7 g/t silver (AuEq 2.73 g/t) with the zone of oxidization extending 30-50 metres in depth. Based on the assay results reported herein and geological mapping, the potential exists to extend the previously reported strike length of the gold-silver cap to the southwest, in part beneath a thin outlier of younger Nubian Sandstone.
Table 1. Trench Assays, West End Western VMS Zone
Trench Width Au Ag AuEq.1
(m) (g/t) (g/t) (g/t)
AHA-T-113 26 3.47 118.2 5.35
AHA-T-067* 24 1.04 8.4 1.17
AHA-T-089* 36 0.94 6.6 1.04
AHA-T-101* 30 2.2 51.3 3.01
Chief Executive Officer, Alexander Massoud stated, “This is an excellent and a very encouraging start to the exploration program, which extends the strike length of the Western VMS gold-cap and has confirmed an area of significant interest at the far west end of the Main VMS Horizon”. Mr. Massoud commented further, “We anticipate a number of assay results from other new trenches in the oxidized gold cap at Hamama, and from two nearby gold-vein properties, Bohlog and Sir Bakis. We also continue to have productive discussions with the Egyptian government on the importance of the mining sector in Egypt’s economic development and how the government can support junior exploration companies such as Alexander Nubia.”1: Gold equivalent (AuEq) calculated using the 12-month trailing average for Au and Ag through 2014-05-18, US$ 1292.27/oz Au and US$ 20.41/oz Ag). Using a ratio of US$Au:US$Ag =63 (assuming 100% recovery and no NSR), the AuEq formula is AuEq = (Au g/t + Ag g/t /63). Cautionary note: these figures will change over time. Source: Kitco.com
2: no cut-off was applied on individual high-grade assay results.
*: Previously released
Upcoming Results
At Hamama VMS
1) Exploration by trenching for strike and width extension of the oxidized gold-silver cap in the Western VMS Zone
2) Infill trenching to give a density of one deep cross-section trench every 50 metres along the strike of the Western VMS zone.
3) Exploration by deep trenching along surface traces of mineralized zones defined by drilling; shallow trenches in some of these zones contain high gold and silver values.
4) Exploration by trenching within the Central and Eastern VMS Zones
5) Metallurgical testing to establish representative gold-silver recovery rates from cyanide-soluble gold and silver in the oxidized gold-silver cap.
Other areas
At Bohlog, geological mapping and surface sampling is being carried out in a broad area containing auriferous quartz veins and sericitic alteration. In a reconnaissance study in 2011, several samples collected from a zone up to a several hundred metres long gave gold assays from 2 to 18 g/t. Two other nearby zones of significant hydrothermal alteration at Bohlog have been visited briefly; they are conspicuous on the satellite imagery and warrant further exploration.
At Sir Bakis, preliminary geological mapping and sampling is being carried out along a prominent auriferous quartz vein with a strike length of at least 500 metres and a width of up to several metres. Several other zones of shearing and quartz veins parallel to the main zone are also being examined.
Summary of Results
In the Western VMS Zone, just to the west of a large outlier of Nubian Sandstone which overlies unconformably the Precambrian rocks and near the location of shallow trench AHA-T-067, Trench AHA-T-113 contains a 26-metre-wide zone with abundant deep red iron oxide that averages 3.47 g/t Au and 118.2 g/t Ag (AuEq 5.35 g/t). The trench ends at the contact of the unconformably overlying flat Nubian Sandstone, and is near a sharp warp in the Main VMS Horizon; the VMS zone is interpreted to extend beneath the Nubian Sandstone cover from AHA-T-089 to AHA-T-113, a distance of 100 metres (see Figure 1).
The two westernmost trenches (AHA-T-106 and AHA-T-107), occurring mainly in ankeritic exhalite, returned anomalous values in gold and silver, and are in the same general area as earlier shallow hand-dug trenches AHA-T-062 and AHA-T-063 (see Table 1). This area is referred to as the Far West Zone. Because of topographic constraints, Trench AHA-T-106 was dug along the extreme western end of the exposed ankeritic exhalite zone, and may contain material outside the VMS zone.
Table 2: Trench Assays, Far West Zone
Trench Width Au Ag AuEq.1
(m) (g/t) (g/t) (g/t)
AHA-T-106 14 0.14 3.8 0.20
AHA-T-107 46 0.34 4.6 0.41
including 32 0.39 5.7 0.48
AHA-T-062* 26 0.38 4.9 0.46
AHA-T-063* 12 0.22 2 0.25
and 8 0.3 5.3 0.38
1: Gold equivalent (AuEq) calculated using the 12-month trailing average for Au and Ag through 2014-05-18, US$ 1292.27/oz Au and US$ 20.41/oz Ag). Using a ratio of US$Au:US$Ag =63 (assuming 100% recovery and no NSR), the AuEq formula is AuEq = (Au g/t + Ag g/t /63). Cautionary note: these figures will change over time. Source: Kitco.com
*: Previously released
These data suggest the possibility of a separate hydrothermal centre in the Far West Zone, which warrants further exploration (geophysical surveys and drilling).
An intermediate zone between the Far West and Western VMS Zones contained several shallow and deep trenches with scattered slightly anomalous values in gold and silver. This includes previous shallow trenches AHA-T-064, AHA-T-065, AHA-T-066, previous deep trenches AHA-T-092, AHA-T-093, and AHA-T-094, and new trenches AHA-T-108 through AHA-112, some of which are in the footwall alteration zone. Although this region has low values in gold and silver, the down-dip extension of the ankeritic exhalite could contain significant VMS, and because of its proximity to the Western VMS Zone, geophysical surveying is recommended.
Trenching was begun at the western end of the exposed VMS zone, 600 metres west of trench AHA-T-101 (DT-101) with a systematic movement eastward along the VMS horizon (Figure 1). Trenching was done with a track-mounted excavator with trenches designed for a nominal depth of two metres. Where the strike of the oxidized VMS zone was known, trenches were dug perpendicular to its strike. Along the bottoms of the trenches a continuous series of two-metre-long channel samples were collected within and bordering zones containing deep red iron oxide.
Figure 1: Plan view map of Hamama VMS

A detailed map is available at: https://www.alexandernubia.com/pages/cms_pages/58
A pdf version of this press release is available at: https://www.alexandernubia.com/news/index
About Alexander Nubia International Inc.
Alexander Nubia (AAN: TSX.V), is an Egypt-focused multi-commodity (gold, copper, zinc, and silver) exploration and development company. It is focused on exploration within the Abu Marawat Concession, which contains its two main properties, the Hamama volcanogenic massive sulphide (“VMS”) deposit and the Abu Marawat mesothermal vein deposit, the latter with an NI 43-101-compliant inferred gold-copper-rich resource. In addition, Alexander Nubia's two large concessions, which have a long history of gold and copper mining dating back to the Pharaonic era, contain three past-producing gold mines that were operational during the 20th century.
Alexander Nubia’s flagship project, Hamama VMS, has a number of characteristics that are similar to other major VMS deposits in the Arabian Nubian Shield: Bisha (Nevsun Resources), Hassaï (La Mancha), Jabal Sayid (Barrick Gold). Drilling at Hamama intersected high-grade semi-massive and massive volcanogenic sulphide mineralization, which includes a broad zone of VMS gossan with high-grade gold and silver (an oxidized “gold cap”) above a primary zinc-gold-silver-rich exhalite horizon, and an extensive mineralized footwall stringer and breccia zone.
The land package is enhanced by excellent and nearby infrastructure, which includes access to highway and railway, a high-capacity electricity grid, and nearby major cities: Qena, on the Nile River, and Port of Safaga, on the Red Sea.
Qualifying Person
The technical information contained in this news release was prepared or reviewed under the direct supervision of John Payne (P.Geo.), Vice President of Exploration for Alexander Nubia Inc. Dr. Payne is a qualifying person under National Instrument 43‐101 Standards of Disclosure for Mineral Projects (“NI 43‐101”).
Sample Collection and Processing/ALS Laboratory Procedures and Analysis/QA and QC
Immediately after an excavator dug trench is completed and cleared of loose material, a Project Geologist with an assistant enters the trench and marks off two-metre sampling intervals using aerosol spray paint to mark the sampling intervals. If there is an obvious zone of intense iron oxide two, two-metre sample sites are marked on each side of the iron rich zone. If there is no obvious iron rich zone, the entire trench is sampled. Sample collection is by cutting a two-metre long channel into the bottom of the trench side wall 10-20 cm above to trench floor using a geologist’s rock hammer. The individual samples vary in weight from three to five kg. The collected sample is stored in a sealable, heavy-cloth bag with each bag marked with an individual assay number and a corresponding numbered assay tag is placed into the bag. The sample site is marked with an aluminum tag that also carries the same sample tag number. As the sampling is within the weathering profile, samples can range from sand-sized particles to golf ball-sized rocks.
Once collected, the samples are processed at the Company’s sample preparation facility where the entire sample passes through a jaw crusher to reduce any over-sized particles to less than 5 mm in size. The sample is then riffle split into two equal weighted samples with one sample retained by EMRA in their permanent storage facility.
All samples are delivered to EMRA for inspection by the Department of Antiquities prior to issuing an export permit. Once the samples are approved of export, the samples are sent by courier to ALS Minerals’ Laboratory in Romania. ALS processes the samples by internationally accepted assaying techniques. The ALS laboratory in Romania can do fire assaying for gold and Atomic Absorption techniques for silver, copper, and zinc. Any samples “out of range”, e.g. Au >10 g/t, Ag >100 g/t, Cu and Zn >10,000, are automatically considered by ALS to be ore-grade samples and are re-analyzed accordingly. Any samples requiring the analysis for additional elements are generally done in ALS’s laboratory in North Vancouver, B.C., Canada.
In addition to the internal QA/QC conducted by ALS, Alexander Nubia also does QA/QC work. Five to seven per sent of all samples sent for analysis include duplicate, blank, and Industrial Standards. Any discrepancies in the analysis for duplicates, blanks, or Standards automatically trigger a request to re-analyze an individual batch of samples.
For more information on Alexander Nubia visit us at www.alexandernubia.comor please contact:
A. Alexander Massoud
President and Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Email:
amassoud@alexandernubia.com
General Information
Canada: +1 (604) 727-1813
Email: info@alexandernubia.com

Cautionary Note Regarding Forward-Looking Statements
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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