Abu Marawat Gold-Copper
The Abu Marawat gold-copper mesothermal deposit is one of Alexander Nubia’s two premier deposits that occur in its substantial land package (Abu Marawat and Fatiri Concessions) with excellent infrastructure in the Eastern Desert of Egypt. Technical work completed to date demonstrates an initial 397,000 oz gold1 equivalent resource estimate with the potential to significantly expand. Operating in the Eastern Desert of Egypt provides numerous geographic, ecological, and social benefits:
Access: The property is 25 km by good gravel road from a major paved highway that is the primary route for tour operators to travel from Hurghada to Luxor
Infrastructure: The nearby seaport of Safaga (45 km in a straight line from Abu Marawat) provides ready access to resources: equipment, supplies and labour
Year-Round Operations: Excellent climate allows for year-round exploration and exploitation
Climate: Minimal rainfall reduces the environmental impact associated with mining
Minimal Community Issue: The concessions are sparsely populated by small Bedouin nomadic families and communities that are friendly towards mining
Security: Located nearly 400 kilometres south of Cairo, these deposits are relatively isolated
- The Abu Marawat Technical Report shows a mineral resource estimate, which management has determined to be equivalent to an inferred mineral resource of 397,000 ounces of gold plus gold equivalent(1)
- Resource is based on 50% of the available strike length (approximately 1,500 metres along strike) at an average depth of 200 meters
- Deposit is characterized as mesothermal with the potential to extend up to depths over 1,500 meters
- The mineral resource estimate is based on 98 diamond drill holes totaling 19,573 meters
- Approximately 60 % of the Inferred Resource is contained within potentially economic open pits
- The Abu Marawat gold-copper deposit remains open along strike in the north and south directions, laterally, and at depth.
1: Initial NI 43-101 Compliant (Resource estimate by Rosco Postle Associates)
- The Inferred Mineral Resource is 2.9 million tonnes at an average grade of 1.75 g/t Au, 29.3 g/t Ag, 0.77% Cu and 1.15% Zn, containing 162,000 ounces Au, 2.7 million ounces Ag, 49 million lbs Cu, and 73 millions lbs Zn.
- The mineral resource estimate is based on 98 diamond drill holes totaling 19,573 meters.
Historical gold and copper mining district
The Abu Marawat Deposit occurs within a historical gold and copper mining district in the Abu Marawat Concession and is situated in the Eastern Desert of the Nubian Shield in Egypt. A re-emerging mining district with historical mining dating back to Pharaonic times. Including numerous old workings demonstrate the resource potential with the application of modern exploration and mining techniques. The discovery of Centamin Egypt’s Sukari Mine which now has global resources over 14 M oz of gold has brought a great deal of attention to the Eastern Desert. Alexander Nubia’s management team has been successful in establishing the prospective land claim, one of the largest in the Eastern Desert, as it advances its Abu Marawat Property to a NI 43-101-compliant resource estimate
In 2008, Alexander Nubia won an international competitive auction through the Ministry of Petroleum to have the right to explore and develop gold and associated minerals.. The previous operator of the property was Centamin Egypt Limited (TSX: CEE), which mandatorily relinquished the property. Alexander Nubia owns 100% of the Abu Marawat concession.
The Abu Marawat Deposit is a gold rich, polymetallic deposit and has had preliminary exploration, including a historical resource estimate of 94,000 oz of Au and Au/Ag equivalent by Fluor Daniel (1995), based on drilling by Minex in 1988-1989. The deposit is a gold-rich polymetallic mesothermal quartz vein system. Mineralization occurs pre- and post-faults. Geology, geophysics and geochemistry outlined potential of the vein zone for a strike length of 1,500 m. Drilling conducted by Alexander Nubia has intersected mineralization to a depth of 230 m and is open both along strike and at depth.
In 2010, the Company completed geological mapping, geophysics and soil sampling of eight targets representing old workings and historical mines, and prioritized targets for further exploration and drilling. Drilling initially targeted the Abu Marawat gold-copper-zinc-silver property, were identified a 1,500 m vein structure known to extend beyond the historical resource area. The Company began a drilling program in 2011 on the central vein zone (CVZ).