Resource World Magazine

j u n e / j u l y 2 0 1 5 www.resourceworld.com 35 0.5% zinc (16.87 g/t gold equivalent). The hole also had another high-grade section grading 21.4 metres of 2.56 g/t gold and 572 g/t silver (10.80 g/t gold equivalent). "We are very pleased with these initial results," reports Danae Voormeij, PGeo and Exploration Manager, in an interview with Resource World. "Drill hole AHA-031 was a step-out hole that tested the upper sulphide horizon beneath the oxide. It drilled deeper (150 metres) than the other holes and intersected a new type of high- grade mineralization. Drilling thus far supports our geological model, where min- eralization widens at depth and increases in grades with depth." Drilling will also be testing the copper and zinc-mineralized oxide horizons of Hamama Central and Hamama East, from which recent grab sampling returned assays averaging 1.06% copper and 33.3% zinc. "Working here at Hamama is a geolo- gist's dream," says Voormeij, "the rock exposure at Hamama is superb, there is extensive mineralization that crops out at surface and there is no soil or glacial till cover. The drill targets are clear; this minimizes a considerable amount of explo- ration risk." Evidence of gold and copper mining on the two concessions dates the many sur- face workings to pre-historic (Copper Age) and Old Kingdom (Pharaonic), through Ptolemaic and Roman and into Early Arab times. The two concessions also contain three historic gold mines, which were active in the early 1900s. The company has been actively explor- ing its two concessions since 2008 and developed an inferred resource at Abu Marawat of 397,000 ounces of gold and gold-equivalent. Recent grab sampling of mineralized quartz veins at the Rouh Al Hadid polymetallic vein deposit in the Fatiri concession returned high-grade gold-silver-zinc-copper mineralization, including 55.8 g/t gold and 61 g/t silver (FRH-560) and 40.2 g/t gold and 240 g/t silver (FRH-562), as well as 2.33% copper (FRH-550) and 3.53% copper (FRH-573). Grab sampling of ancient stockpiles of mineralized vein material, likely dating back to Roman times, returned assays up to 84.2 g/t gold, 359 g/t silver and 0.47% copper (FRH-541). Mineralization at Rouh Al Hadid is found along the contact between meta-volcanic and a felsic intru- sion and has a 750-metre strike length. "The people here in Upper Egypt (South of Cairo) are very friendly and hard-working," said Voormeij. The com- pany's land package, located some 400 km southeast of Cairo, is fortuitously situated within the country's 'Golden Triangle', a development project that involves expan- sion of infrastructure between nearby major cities; Qena, on the Nile River, 70 km to the west, and Port of Safaga, on the Red Sea, 50 km to the east. As a result, the company has easy access to two four-lane highways, railway right-of-way and high- voltage (capacity 220kV) power lines. n

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