Egypt’s ancient gold mines are guiding modern miners towards a vast amount of minerals deposits, worth hundreds of billions of dollars, the country is said to be sitting on.

At least that is what Alexander Nubia (CVE:AAN), one of two publicly traded gold mining firms active in Egypt, believes. For over five years, the Canada-based explorer has been developing gold resources in the country’s Eastern Desert.

"Using modern mining techniques and technology, we hope to recover a lot of the gold that [the Roman and Egyptian civilizations] missed, because they were unable to mine it and process it," chief executive Mark Campbell told CNN.

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