Aton signs drilling contract with Energold
June 14 2021 - 7:30AM
Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") is
pleased to announce that it has signed a contract with Energold
Drilling Ltd. to carry out a minimum of 4,250 metres of diamond
drilling at the Corporation’s Abu Marawat Concession. The drilling
program will be focused on the Rodruin and Hamama projects (see
Figure 1), with drilling expected to commence in September.
Figure
1: https://www.globenewswire.com/NewsRoom/AttachmentNg/3823da08-fabb-4285-ac1a-87bb11352569
The program will commence at Rodruin with 3,350
metres of drilling, with the objective of following up on the
successful 2018 reverse circulation percussion drill program, as
well as testing for the first time the high grade veins sampled at
surface on the North Ridge, which returned assays of up to 321 g/t
Au (see news release, dated February 6, 2018). Drilling
will also further test and delineate the distribution of the
near-surface oxide mineralisation identified on the South Ridge,
which returned intercepts including 36m @ 12.47 g/t Au (see news
release, dated October 1, 2018) and 20m @ 5.36 g/t Au (see news
release, dated December 10, 2018). The program will also follow up
on the deeper sulphide mineralisation which returned wide
intersections including 61m @ 1.55 g/t Au, 8.9 g/t Ag and 0.86% Zn
(see news release, dated January 29, 2019).
The drilling program at Hamama will consist of
900 metres of drilling with the objective of delineating additional
oxide and transitional resources at the Hamama East and Central
areas, which have not been effectively drill tested to date.
Channel sampling of surface trenches has indicated the potential
for relatively high grade oxide mineralisation, and has returned
intercepts including 84m @ 1.13 g/t Au, 49.7 g/t Ag and 7.29% Zn
and 42.8m @ 1.28 g/t Au, 55.5 g/t Ag and 10.37% Zn (see news
release dated May 3, 2018).
Bill Koutsouras, Aton’s Interim CEO &
Chairman of the Board stated, “We are pleased to announce the
upcoming drilling programs at the promising Rodruin and Hamama
Projects as we embark on an aggressive exploration strategy to
unlock value from our Abu Marawat Concession Area. We have recently
re-opened our Hamama camp and will initiate construction shortly of
a new exploration camp at Rodruin that will be more centrally
located within our Concession and serve as the main base going
forward for exploration on other high priority regional
targets”.
About Aton Resources Inc.
Aton Resources Inc. (AAN: TSX-V) is focused on
its 100% owned Abu Marawat Concession (“Abu Marawat”), located in
Egypt’s Arabian-Nubian Shield, approximately 200 km north of
Centamin’s world-class Sukari gold mine. Aton has identified
numerous gold and base metal exploration targets at Abu Marawat,
including the Hamama deposit in the west, the Abu Marawat deposit
in the northeast, and the advanced Rodruin exploration prospect in
the south of the Concession. Two historic British gold mines are
also located on the Concession at Sir Bakis and Semna. Aton has
identified several distinct geological trends within Abu Marawat,
which display potential for the development of a variety of styles
of precious and base metal mineralisation. Abu Marawat is 447.7 km2
in size and is located in an area of excellent infrastructure; a
four-lane highway, a 220kV power line, and a water pipeline are in
close proximity, as are the international airports at Hurghada and
Luxor.
Qualified Person
The technical information contained in this News
Release was prepared by Javier Orduña BSc (hons), MSc, MCSM, DIC,
MAIG, SEG(M), Exploration Manager of Aton Resources Inc. Mr. Orduña
is a qualified person (QP) under National Instrument 43-101
Standards of Disclosure for Mineral Projects.
For further information regarding Aton Resources
Inc., please visit us at www.atonresources.com or contact:
BILL KOUTSOURAS
Interim CEO Tel: +1 345 525 2512 Email:
info@atonresources.com
Note Regarding Forward-Looking
Statements
Some of the statements contained in this release
are forward-looking statements. Since forward-looking statements
address future events and conditions; by their very nature they
involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in
such statements.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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