Anbat, Egypt

Anbat, Egypt

The Anbat Shakoosh district is located in the Hodine concession in the Eastern Desert of Egypt which geologically is part of the Arabian Nubian Shield. The Hodine concession was acquired by Thani Dubai Mining in an international tender for ground conducted by the Egyptian Mineral Resource Authority in 2006. Exploration was initially operated by Thani Ashanti 2009 to 2013, from 2014 exploration has been carried out by Thani Stratex Resources. The focus of exploration at the Anbat prospect is for gold mineralisation which is hosted in 'young' diorite – granodiorite intrusive stocks which form the Anbat – Shakoosh belt. The mineralization is similar in style to the 13 million ounce gold resource, Sukari Mine, located 180 km North of the Hodine concession.

The Anbat–Shakoosh district currently hosts three prospects; North Anbat, Anbat and Shakoosh. Anbat and to a lesser extent Shakoosh have been the focus of exploration by Thani Ashanti with ~13,000 meters of diamond and reverse circulation drilling completed. North Anbat was newly discovered in 2015, 5 km north of Anbat and awaits its maiden drill program in fourth quarter, 2016. The Anbat-Shakoosh belt contains a non-JORC compliant resource of ~540,000 oz of gold.

Prospect Tonnage SG Au grade Grams Au Ounces Au
Anbat          
Quartz veins 767,029 2.58 5.7 435,875 138,694
Dacite porphyry 17,731,377 2.66 0.7 12,744,555 590,254
           
Shakoosh          
Quartz veins - - ~2.0    
Total 18,498,406   0.91 16,784,029 ~540,000

Table 1. Break down of the gold resource within the Anbat-Shakoosh district

Figure 1. View over Anbat Prospect looking northwest with ancient dwelling in foreground

Figure 1. View over Anbat Prospect looking northwest with ancient dwelling in foreground

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