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alexander nubia internationa (AAN) Details

Alexander Nubia International Inc., through its subsidiaries, engages in the exploration and development of mineral properties in Egypt. The company primarily explores for copper, gold, silver, and zinc. It holds 2 exploration concessions, including the Abu Marawat covering an area of 1,027 square kilometers; and the Fatiri concession covering an area of 1,745 square kilometers, which are located in Eastern Desert and Nubian Shield of Egypt. The company is headquartered in Vancouver, Canada.

alexander nubia internationa (AAN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$258.0K
Chief Financial Officer
Total Annual Compensation: C$41.0K
Compensation as of Fiscal Year 2013.

alexander nubia internationa (AAN) Key Developments

Alexander Nubia International Inc. Announces the Results from Recent Deep Trenches at the Hamama Project

Alexander Nubia International Inc. announced the results from recent deep trenches at the Hamama Project which are near the surface traces of previous drill holes in the Western VMS Zone. This trenching provides an additional dimension to the Company's understanding of the Hamama Project and confirms significant near-surface mineralization and gold grades, similar to the drill-hole results to at least 150 metres down-dip. Results include: Trench DT-123 with 48 meters at 2.26 g/t gold and 16.3 g/t silver (AuEq. 2.52 g/t) along the trace of drill hole AHA-015 which contains 37 meters at 2.3 g/t gold and 107.3 g/t silver(AuEq. 4.00 g/t). Trench DT-122 with 30 meters at 0.66g/t gold and 34 g/t silver (AuEq. 1.20 g/t) along the tracesof drill hole AHA-021, which contains 75 meters at 0.96 g/t gold and 50.8 g/t silver (AuEq. 1.74 g/t), and drill hole AHA-023 with 66 meters at 1.1 g/t gold and 24.8 g/t silver (AuEq. 1.49 g/t). The interpreted continuity of mineralization supports the VMS model and confirms that deeper drilling in this zone and in untested areas beneath oxidized semi-massive sulphide and ankerite exhalite are important targets for future exploration. Significant mineralization at surface along the traces of the drill holes supports the model that mineralization is continuous from surface to the depth of drilling and is also open below that depth. Future exploration and drilling of the gold-rich cap at Hamama is expected to extend and define the potential scale of the mineralized area and will provide data required for an initial resource estimate. Summary of Results of Trenching near Traces of Drill Holes: Previous trenching in the Western Zone at Hamama encountered significant precious and base metals in both oxidized semi-massive sulphide mineralization and in ankerite exhalite, commonly with gold and silver higher in the oxidized semi-massive sulphide, and zinc, lead, and copper higher in the ankerite exhalite. In this study, surface trenches at least 1 metre deep were excavated near surface traces of drill holes to continue to test the concept that mineralization extends from the drill hole intersections to surface. This feature was shown to be true and reported previously for trenches AHA-T-086, AHA-T-088, and AHA-T-096, near the surface traces of the drill holes AHA-013 and AHA-014, AHA-019, and AHA-017 and AHA-018, respectively. New trenches include AHA-T-121 and AHA-T-137 (near the sectioncontaining AHA-024, AHA-025, and AHA-026), AHA-T-122 (near the sections containing AHA-021, AHA-022, and AHA-023), and AHA-T-123 (near the section containing AHA-015 and AHA-016). On surface the Western VMS Zone contains two main types of rock, oxidized semi-massive sulphide and ankeritic exhalite. The oxidized semi-massive sulphide is most common near the stratigraphic top of the system. The ankeritic exhalite is common below the oxidized semi-massive sulphide and also forms most of the thick exhalite zone from trench AHA-T-088 westward for 250 metres. Stratigraphically beneath the exhalite zone are strongly altered andesite (to the east) and felsite (to the west). The latter was brecciated strongly and contains intense silica and sericite alteration (in AHA-019, and in AHA-021 to AHA-026). Trenches 121, 122, and 137 are mainly in ankeritic exhalite, and Trench 123 is mainly in oxidized semi-massive sulphide. Of previously reported trenches, AHA-T-086 and AHA-T-096 are mainly in oxidized semi-massive sulphide, whereas AHA-T-088 is in ankeritic exhalite. The geology and assay values of drill holes AHA-015 returned 37m at 2.3 g/t Au and 107.3 g/t Ag (AuEq.4.00 g/t) are very similar to those of trench DT-123 returned 48m at 2.26 g/t Au and 16.3 g/t Ag (AuEq. 2.52 g/t). The oxidized semi-massive sulphide zone at surface continues to DDH-15. Deeper, in AHA-016, only minor oxidized semi-massive sulphide is present stratigraphically above altered and mineralized felsite, indicating a moderate facies change which is common in a VMS environment. The geology of the drill holes in the western part of the drilled area is significantly different from that of the associated trenches (See Figures 2 and 3, and Tables 1 and 2); trenches are mainly in ankeritic exhalite whereas drill holes are mainly in strongly altered (quartz-sericite) and brecciated felsite with zones of semi-massive sulphide and minor lenses of siliceous exhalite. This accounts for much of the difference in assay results from the trenches as compared to the drill holes in this region. The nature of the contact is unknown between the ankeritic exhalite at surface and the strongly altered felsite and siliceous exhalite in the drill cores. It probably indicates a rapid facies change in the original volcano-sedimentary basin, whose nature will require additional drilling to assess.

Alexander Nubia International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Alexander Nubia International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported loss and comprehensive loss for the period of CAD 375,819 against CAD 235,307 a year ago. Evaluation and exploration expenditures was CAD 198,373 against CAD 98,894 a year ago. For the six months, the company reported loss and comprehensive loss for the period of CAD 591,041 against CAD 663,943 a year ago. Basic and diluted loss per share was CAD 0.00 against CAD 0.01 a year ago. Cash flows used in operating activities was CAD 339,229 against 366,750 a year ago. Evaluation and exploration expenditures was CAD 305,875 against CAD 331,331 a year ago.

Alexander Nubia International Inc. Announces the Results of a Sampling and Geologic Mapping Program at the Bohlog Prospect

Alexander Nubia International Inc. announced the results of a sampling and geologic mapping program at the Bohlog prospect, which is located 17.5 km ENE of the Hamama VMS deposit within the Company's Abu Marawat Concession. Sampling at Bohlog targeted a series of sub-parallel veins and associated wall rock alteration zones. The best assay of the vein material is 7.75 g/t gold over a width of 2 metres, with a previously reported high of 18.65 g/t gold over a width of 2 metres. In the current sampling campaign, all quartz vein sampling ranged from a low of 0.008 g/t gold to a high of 7.75 g/t gold with a weighted average of 1.11 g/t gold. In the latest round of sampling, significant values ranged from 0.71 g/t gold to 7.75 g/t gold with a weighted average of 2.28 g/t gold. Wall rock values up to 3.38 g/t gold from 2-metre chip-channel samples perpendicular to the strike of the vein were recorded. Significant wall rock values ranged from 0.01 g/t gold to a high of 3.38 g/t gold with a weighted average of 0.9 g/t gold. This indicates the potential for significantly wider mineralised zones than just the quartz veins, which will be investigated further. The results at the Bohlog prospect combined with the known showings within a 20 km radius of the Hamama deposit suggest of a broader mineralized trend, potentially representing a district. The trend containing the Company's 10 main exploration targets (including 2 former mines) is anchored by the Hamama and Abu Marawat projects, and stretches 35 kilometres between them. In addition, gold quartz-veins showings at Abu Gharida, Aradiya, Aradiya North, and Abu Garadish warrant further investigation. Many of the targets show evidence of historical mining.

 

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