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Alexander Nubia International Lower, Close To Yr Lows After Abu Marawat Results

Alexander Nubia International (AAN.V) is down 1 cent at 4 cents taking it close to year lows with nearly 6 million shares traded.

Friday, Alexander Nubia International announced results from the current drilling program at its Abu Marawat gold-copper-zinc-silver property. Best results included 11.6 m grading 10.8 g/t gold, 185 g/t silver, 0.86% copper and 4.64% zinc, and 5.7 m grading 0.99 g/t gold, 25.2 g/t silver, 0.28% copper and 1.22% zinc. It said the results will contribute to the finalised NI 43-101 compliant resource statement to be completed in Q1-2012. Assays are pending for drill holes AAM-066, AAM-072, AAM-074-AAM-081, and parts of AAM-063 to AAM-069 and AAM-072. Drilling has commenced at the Hamama zinc-gold-copper-silver volcanogenic massive sulphide property.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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