The Semna Property
Semna is a historic gold producing mine also located within the Abu Marawat Concession. Similar to the neighbouring Abu Marawat Property, the Semna Property is in close proximity to the Port of Safaga, Qena, and Hurghada International Airport. The property has excellent infrastructure and support including good gravel roads, electricity grid lines; direct railroad access and availability of experienced work force. The Eastern Desert has an excellent geological environment, climate and terrain and allows for year round exploration on the property.
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
Semna has 8-9 subparallel auriferous quartz veins up to 2.5 m think are hosted in granodiorite and diorite near their contact. Extensive workings extend along some of the quartz veins. Alexander Nubia sampled up to 21.3 g/t Au in a select dump sample and chip samples with 5.79 g/t Au over 95 cm and 2.35 g/t Au over 280 cm. The main Semna Mine area contains good grades over narrow widths.
The Company carried out detailed mapping and sampling and collected in the order of 150 samples from the area in November, 2009. Further exploration is planned in 2012.