UPDATE: Alexander Nubia Confirms Mineralization at its Hamama Property Yet Shares Drop 7%
Alexander Nubia International Inc. (AAN.V), an exploration and development company with diversified minerals projects in Egypt, dropped almost 7% to 7 cents in the morning trade, moving closer to year lows, even after announcing earlier today the results from an initial diamond drilling program at its Hamama Property.
Alexander Massoud, President and CEO, said: "The initial drill program establishes Hamama as a VMS deposit; such deposits are significant producers of precious and base-metals within the Nubian Shield - a mineralized belt extending from Egypt to Eritrea."
So far, 5,000 AAN shares have already changed hands.
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