(MENAFN - ProactiveInvestors) Alexander Nubia () has identified another possible copper trend from field work at the Hamama prospect in Egypt .
The new trend is two hundred metres to the north of Hamama Central with assay results from surface channel sampling indicating copper mineralization within an area 240 metres by 100 metres.
One grab sample contained 2.3% copper.
Ancient excavation in the west and central of the deposit which dates back to Roman times also had visible copper indications said the company.
Alexander Massoud chief executive said: “I was excited to see visible copper mineralization lining the extensive and substantial historical workings.
“These copper-rich oxide zones discovered at Hamama add another positive dimension and further align the deposit’s potential with major VMS deposits in the Arabian-Nubian Shield.”
Exploration at Hamama will now include the gold-oxide cap of the West zone a potentially new mineralised zone at depth mineralised BIF horizons and the copper-rich trends recently identified he said.
“All of which entail a very promising and exciting next stage of exploration”.
Hamama is located within a 40 kilometre long northeast trending gold-copper trend of the company’s Abu Marawat concession.
It has a 3 kilometre strike length and is divided into three zones: West Central and East. The West Zone has a 900 metre long gold-silver oxide cap.