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Press release from Filing Services Canada

Alexander Nubia releases drilling results for Hamama VMS, Egypt

Tuesday, December 11, 2012

Alexander Nubia releases drilling results for Hamama VMS, Egypt 01:21 EST Tuesday, December 11, 2012FSC / Press ReleaseAlexander Nubia releases drilling results for Hamama VMS, Egypt Drilling confirms depth continuity: in the Central VMSZone, AHA-20 returned 7.60% zinc, 1.36 g/t gold and 90 g/t silver over 7.5 metres, and in the Western VMS Zone, AHA-21 intersected 53.4 metres grading 1.2 g/t gold and 65.3 g/t silver (AuEq 2.42 g/t) below the gold capDecember 11, 2012, Toronto, Ontario. Alexander Nubia International Inc. (TSX-V: AAN) is pleased to announce assay results for the diamond drill holes AHA-18 to AHA-21, representing 725 metres of drilling completed with assays returned of a 1,425 metre diamond drill program, at the Hamama volcanogenic massive sulphide (VMS) deposit in Egypt. Three drill holes collared in the Western VMS Zone intersected gold-rich semi-massive sulphide mineralization and successfully extended the at-depth strike extension of the gold cap. One drill hole in the Central VMS Zone successfully confirmed depth continuity of high-grade zinc-gold mineralization. To date, 280 metres of the total 1,300 m of the strike length of the Western VMS zone have been tested by drilling; additional drill results continue to test further along strike to the west and at depth. The Western VMS and Central VMS Zone are part of the 3,000-metre-long Main VMS Horizon at Hamama. New Drilling and Exploration HighlightsCentral VMS Zone * High-grade gold-zinc mineralization continues at depth: AHA-20: 170 metres down-dip from the surface outcrop and 23 metres down-dip from the previously deepest hole on the section (AHA-5), returned 11.3 metres grading 5.27% zinc, 1.18 g/t gold, 69.8 g/t silver, and 0.19% copper (AuEq 2.48 g/t gold-equivalent [considering only gold and silver]), including 7.60% zinc, 1.36 g/t gold, 90 g/t silver (AuEq 3.04), and 0.27% copper over 7.5 metres (see the cross-section in Figure 1.3).Western VMS Zone * First intersection of high-grade semi-massive sulphide mineralization below the gold cap: AHA-21: 53.4 metres grading 1.2 g/t gold and 65.3 g/t silver (AuEq 2.42 g/t), including 8 metres grading 5.52 g/t gold, 325 g/t silver, and 1.9% Zn (AuEq 11.6 g/t), within a 75.6 metre alteration zone that returned 0.93 g/t gold and 50.8 g/t silver (AuEq 1.81 g/t) (see the cross section in Figure 1.5).* Disseminated gold and silver mineralization from near surface in a highly brecciated and silicified footwall felsic dome (AHA-16, AHA-18 and AHA-19): AHA-16 returned 13 metres grading 0.41 g/t gold and 161 g/t silver (AuEq 3.42 g/t), AHA-18 returned 16 metres grading 0.44 g/t gold and 26.1 g/t silver (AuEq 0.93 g/t), and AHA-19 returned 56.5 metres grading 0.44 g/t gold and 23.7 g/t silver (AuEq 0.88 g/t).* 100% of the drill holes in the Western VMS Zone intersected mineralization. The results demonstrate the mineralized unit at-surface continues at depth from AHA-12 to AHA-21. * Gold cap is open in all directions. Earlier trenching had identified a core zone of 650 metres along strike within the 1,300-metre-long Western VMS Zone. Drilling confirms that at depth the gold cap extends over 280 metres along strike within the core zone and is open to the west and east. * Additional drill results are pendingFor an updated corporate presentation please visit www.alexandernubia.com Dr. John Payne, VP of Exploration commented, "We are very pleased with the drill results from the Western VMS Zone; the at-depth strike-extension of the gold cap has been extended, semi-massive mineralization has been intersected below the gold cap, significant intervals of high-grade mineralization are present in the semi-massive sulphide zones. We are pleased with the broad zones of near-surface disseminated gold/silver mineralization in holes AHA-16, -18 and -19. These results add another dimension to the deposit. As well, another excellent intersection in AHA-20 in the Central VMS zone shows continuity in thickness and grade at depth. Chief Executive Officer, Alexander Massoud commented, "Hamama is similar to other well-known VMS deposits in the Arabian-Nubian shield, Hassai VMS (La Mancha), Bisha VMS (Nevsun) and Jabal Sayid VMS (Barrick Gold), which have a gold cap within the oxidized zone that grades into a zone of base-metal-rich, semi-massive to massive sulphide at depth. AHA-21 is the first hole that intersected high-grade semi-massive sulphide mineralization below the gold cap. A number of diamond drill holes in the current drilling program will test for the presence of semi-massive to massive sulphides at depth."Table 1: Significant Composite Assays in Hamama VMS -***-------------------------------------------------------------------------- Hole No.* From To Width* Au Ag AuEq** Cu Zn Oxide Zone * * (Ox)/ Sulphide (Sul) ------------------------------------------------------------------------- (m) (m) (m) (g/t) (g/t) (g/t) (%) (%) ------------------------------------------------------------------------- AHA-12* 15 29 14 1.11 18.9 1.46 0.01 0.08 Ox Western ------------------------------------------------------------------------ Including 21 26 5 1.26 23.2 1.69 0.02 0.09 Ox ------------------------------------------------------------------------- AHA-13* 3 16.4 13.4 1.00 29.9 1.56 0.02 0.09 Ox Western ------------------------------------------------------------------------- including 3 8 5 1.41 44.8 2.25 0.02 0.09 Ox ------------------------------------------------------------------------- AHA-14* 72.6 75 2.4 0.41 3.8 0.42 0.00 0.02 Sul Western ------------------------------------------------------------------------- AHA-15* 80 39 39 2.22 102.2 4.13 0.06 1.64 Ox Western ------------------------------------------------------------------------- Including 8 20 12 3.76 198.5 7.47 0.13 1.63 Ox ------------------------------------------------------------------------- Including 23 37 14 1.71 101.1 3.60 0.05 3.02 Ox ------------------------------------------------------------------------- high-grade 25 32 7 1.58 125 3.91 0.08 4.9 Ox Zn ------------------------------------------------------------------------- Including 25 29 4 1.54 154.8 4.43 0.1 6.03 Ox ------------------------------------------------------------------------- AHA-016* 3.0 44.0 41.0 0.59 69.7 1.89 0.02 0.34 Ox Western ------------------------------------------------------------------------- Including 7.0 15.0 8.0 0.54 226.6 4.77 0.01 0.25 Ox ------------------------------------------------------------------------- Including 27.0 38.0 11.0 1.24 38.1 1.95 0.02 0.27 Ox ------------------------------------------------------------------------- AHA-17* 8 33 25 1.2 31.5 1.79 0.04 0.7 Ox Western ------------------------------------------------------------------------- Including 8 22 14 1.69 22.6 2.11 0.04 0.45 Ox ------------------------------------------------------------------------- AHA-018 42.0 58.0 16.0 0.44 26.1 0.93 0.02 0.36 OX Western ------------------------------------------------------------------------- AHA-019 25.0 81.5 56.5 0.44 23.7 0.88 0.08 0.31 Ox/Sul ------------------------------------------------------------------------- Including 76.0 81.5 6.5 1.11 29 1.65 0.01 0.07 Sul Western ------------------------------------------------------------------------- AHA-020 146.5 157.8 11.3 1.18 69.8 2.48 0.19 5.27 Sul ------------------------------------------------------------------------- including 146.5 154.0 7.5 1.36 90 3.04 0.27 7.60 Sul Central ------------------------------------------------------------------------- AHA-021 16.0 91.6 75.6 0.93 50.8 1.88 0.10 0.53 Ox/Sul Western ------------------------------------------------------------------------- including 38.2 91.6 53.4 1.2 65.3 2.42 0.11 0.55 Sul ------------------------------------------------------------------------- including 68.0 76.0 8.0 5.52 325.0 11.59 0.30 1.90 Sul --------------------------------------------------------------------------****-1 All drill holes were collared at an azimuth of 180 degrees and an inclination of -45 degrees 2 Given the orientation of the mineralized unit relative to the drill holes, the true widths are 5-10% less than the reported intervals 3 Gold equivalent (AuEq) calculated using the 12-month trailing average for Au and Ag through 12-10-05, (US$1664/oz Au and US$31.1/oz Ag). Using ratio of US$Au:US$Ag (53.54), assuming 100% recovery and no NSR the AuEq formula is: AuEq = Au g/t + (Ag g/t / 53.54) * Previously releasedUpcoming Drill Results - Western VMS Zone (Pending Results)The planned sites of deeper drill holes were based on interpretation of geology and thickness/grade of the mineralized unit at surface and in shallower holes, visual estimation of pyrite, sphalerite, and chalcopyrite in shallower holes, and the intensity of siliceous alteration. All drill holes were collared in the footwall and continued until they intersected the hanging wall. * AHA-22 is collared 25 metres west of AHA-21: Intended to test the continuity of the gold cap along strike and sulphide mineralization below the gold cap. The hole is in footwall, moderately to strongly brecciated felsic dome that from 50 m to 112.6 metres contains 62.6 m of moderate to locally strong semi-massive sulphide mineralization, immediately above unaltered well and finely bedded intermediate tuff of the hanging wall. * AHA-23 is collared 25 metres north of AHA-21: Intended to test the depth extension of gold-silver mineralization in AHA-21. The hole is in footwall, moderately to strongly brecciated felsic dome that from 48 to 109 metres contains 51 metres of moderate to strong semi-massive sulphide mineralization, immediately above unaltered, well and finely bedded intermediate tuff of the hanging wall. * AHA-24 is collared 25 metres west of AHA-22: Intended to test the strike extension of the gold cap and semi-massive sulphide mineralization below. It contains moderately to strongly brecciated felsic dome that from 114 to 129.98 metres contains 15.8 metres of strongly brecciated felsic dome containing moderate to strong siliceous and sulphide mineralization, immediately above unaltered, well and finely bedded intermediate tuff of the hanging wall. * AHA-25 is collared on the same section as AHA-24 and tested the ground 20 metres below AHA-24. From 90 metres to 149 metres it intersects 59 metres of moderately to strongly brecciated felsic dome with moderate to strong siliceous alteration and moderate to locally strong sulphide mineralization. The hanging wall contact with intermediate coarse and fine tuff and minor siliceous exhalite is at 154 m. * AHA-26 is collared on the same section as AHA-24 and AHA-25 and tested the ground 20 metres below AHA-025. It is in footwall, moderately to strongly brecciated felsic dome that from 115 to 188.4 metres contains 73.4 m of moderate to locally strong semi-massive sulphide mineralization immediately above unaltered weakly bedded intermediate tuff of the hanging wall. At 191 metres in length, it is the longest drill hole on the property to-date.Drilling SummaryBased on Figures 1.1 and 1.2, mapping and trenching in the Western VMS Zone identified a gold-rich oxidized cap 650 metres long and averaging 54.8 metres wide, with a maximum width of 114.0 metres. Drill results confirm the depth extension of the mineralization encountered in nearby trenches (see Figures 1.4 and 1.5). Shallower holes are mainly in oxidized semi-massive to massive sulphide, with scattered zones of altered and brecciated footwall felsic dome. Deeper holes are collared in footwall felsic rocks that become strongly altered and brecciated deeper in the holes; towards the top of the stratigraphic section, these zones commonly contain semi-massive sulphide that is overlain stratigraphically by barren hanging wall intermediate tuff and lesser argillite. Sulphide-rich zones are in the strongly brecciated and altered footwall rocks, and none of the intersections of semi-massive sulphide in drill holes in the Western VMS Zone are interpreted as having been formed by precipitation from sulphide-rich brines onto the sea floor. Grades in some intervals in the strongly altered and brecciated footwall felsic dome are highly anomalous (Note especially the high silver contents in holes AHA-16 and AHA-21).In the Central Zone, semi-massive to locally massive sulphides occur above an ankerite-rich exhalite, which in part is well bedded, and directly below unaltered hanging wall rocks; the sulphides are interpreted as having been formed on the sea floor; the difference between massive sulphide and semi-massive sulphide is that the former contains abundant pyrite as gangue whereas the latter contains abundant ankerite and lesser pyrite as gangue. All figures are available at http://www.alexandernubia.com/pages/cms_pages/58Figure 1.1: Plan view map of the Main VMS Horizon, Hamama VMS Deposit To view Figure 1.1, click onto the link below:http://www.usetdas.com/maps/alexandernubia/alexandernubiadec11002.jpgFigure 1.2: Western VMS Zone - plan view map of core zoneTo view Figure 1.2, click onto the link below:http://www.usetdas.com/maps/alexandernubia/alexandernubiadec11003.jpgFigure 1.3: Central VMS Zone - cross section of drill holes AHA-3, -4, -5 and 20To view Figure 1.3, click onto the link below:http://www.usetdas.com/maps/alexandernubia/alexandernubiadec11004.jpgFigure 1.4: Western VMS Zone - cross section of drill holes AHA-15 and 16To view Figure 1.4, click onto the link below:http://www.usetdas.com/maps/alexandernubia/alexandernubiadec11005.jpgFigure 1.5: Western VMS Zone - cross section of drill holes AHA-21 and 23 To view Figure 1.5, click onto the link below:http://www.usetdas.com/maps/alexandernubia/alexandernubiadec11006.jpgQualifying PersonThe 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").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. is an established Canadian mineral exploration company committed to identifying, focusing on, and advancing gold and base-metal projects in the Eastern Desert of Egypt. The Company holds two exploration concessions in Egypt: Abu Marawat and Fatiri, which cover areas of 1,027 km2 and 1,745 km2, respectively. The Company is focused on exploration within the Abu Marawat Concession, which contains the Company's two main properties, the Abu Marawat mesothermal vein deposit, with an NI 43-101-compliant inferred gold-copper-rich resource, and the Hamama volcanogenic massive sulphide (VMS) deposit. Operating in Egypt since 2007, the Company is focused on the advancement of the Hamama VMS deposit - located in the Arabian-Nubian Shield (ANS), which is known for the quality of its VMS deposits. Hamama is characterized by excellent first-stage drill results that intersected high-grade semi-massive and massive sulphide mineralization, a broad zone of VMS gossan at-surface containing high-grade gold and silver, and an extensive mineralized footwall stringer and breccia zone. The Company holds a highly prospective land package with an established history of mining dating back to the Pharaonic era; it contains three historical gold mines and four prospects, the 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. 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.comInvestor Relations Canada: +1 (877) 607-4747 Email: ir@alexandernubia.comCautionary 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.To view this press release as a web page, click onto the link below:http://www.usetdas.com/pr/alexandernubia11122012.htmSource: Alexander Nubia International Inc. (TSX.V - AAN) http://www.alexandernubia.com Maximum News Dissemination by FSCwire. http://www.fscwire.com