Alexander Nubia (CVE:AAN) has added new targets to the drill programme, which kicked off last month, after high grade gold and silver samples have been identified at its VMS Hamama project in Egypt.
The grab samples come from the Hamama Central and Hamama East areas, and the previously identified banded iron formation (BIF) on the main horizon.
Assays at Hamama East included oxide material averaging 0.46 g/t gold, 8.67 g/t silver, 0.85% copper and 33.29% zinc.
At Hamama Central, the assays returned an average of 0.58 g/t of yellow metal, 32.8 g/t silver, 1.06% copper and 12.59% zinc.
Alexander Massoud, president and chief executive of Alexander Nubia, said the work had further increased the prospectivity of the Hamama project.
"Also, of particular interest is the indication that the BIF along the Main Horizon contains precious and base-metal mineralisation, which represents a broader drill target not previously considered," he said.
"The results from this sampling and mapping program have added new targets to our ongoing drilling program, which is currently focused on the Oxide Gold Cap at Hamama West and the associated sulphide mineralisation directly below it.”
Drilling kicked off last month in a 20-30 hole programme, particularly aimed at investigating the oxide cap.
Massoud said then: "I believe 2015 will be a transformational year for Alexander Nubia and this drilling programme is a significant step in moving the Hamama project forward by demonstrating the depth extension, mineralisation and grade continuity of the oxide gold-cap."
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