Alexander Nubia (AAN.V) has released more assays from their trenching program at their 100% owned Hamama VMS project in Egypt.
Highlights of the released results are 52 meters at 2.36g/t gold and 27.6g/t silver and 50 meters at 3.09g/t gold and 55g/t silver. The results of this and a previous trenching program are correlating strongly with the earlier announced drill results.
As the company was able to trace the potentially mineralized zone over a length of in excess of 3000 meters, we think Alexander Nubia is just scratching the surface of a system that could be really really big. Unfortunately the value of this company is being discounted as they are operating in Egypt where there is some political unrest. But once the dust settles down (hopefully anytime soon), AAN will be on a lot of shortlists.
Download the press release here
Disclosure: The author holds a long position in Alexander Nubia International Inc. Please see our disclaimer for current positions.
