VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Aton Resources Inc. (TSX-V:AAN) (“Aton” or the
“Company") is pleased to provide investors with an update on recent excavator trenching, and surface channel and grab sampling at
the Bohlog prospect, at the Company’s 100% owned Abu Marawat Concession (“Abu Marawat” or the “Concession”), located in the Eastern
Desert of Egypt.
Highlights:
- Mechanical saw-cut channel sampling of excavator dug trenches at Zones 1 and 2 of the Bohlog prospect has returned
mineralized intersections from surface including 20m @ 1.57 g/t Au (trench BOT-049, Zone 2), and
9m @ 1.65 g/t Au (trench BOT-046, Zone 1);
- Follow-up surface chip channel profile sampling of the recently discovered Zone 5 at Bohlog SE has returned assays of
6m @ 1.82 g/t Au (profile BOC-025), and selective surface grab sampling has returned assays of
up to 18.3 g/t Au from sheared quartz veins;
- Additional mineralized quartz veins have been identified in the immediate Bohlog area, and selective grab sampling of these
veins has returned assays including 14.35 g/t Au (NE of Zone 1), 3.56 g/t Au (NW of Zone 1) and
3.34 g/t Au (Zone 6).
“We are very pleased with these latest trench and sampling results from Bohlog,” says Mark Campbell,
President and CEO. “Along with our recent major discovery at Rodruin, these results continue to re-emphasize the overall
prospectivity of our license area. We are looking forward to receiving and reporting further assay results from Rodruin in the very
near future, and we are just starting construction of the access road in to Rodruin, in advance of the planned drilling program.
And our work continues apace with the proposed development of a heap leach open pit mine at Hamama West. Recent bulk metallurgical
testing has come back with good results, with above average gold recoveries and fast leach kinetics from the column leach tests,
and we have started geotechnical work at potential heap leach pad locations.”
Bohlog Prospect
Bohlog is located approximately 17km ENE of Hamama (see Figure 1), and approximately 8km N of the Rodruin prospect,
which has become the Company’s primary exploration focus. Bohlog is centred in an area of ancient workings near the ruins of a
large settlement, suggesting that it was historically a significant mining area in ancient times. In 2012 the Company carried out
limited sampling in the Bohlog area (see news release dated August 15, 2012), returning gold grades of up to 18.65g/t Au from
channel samples of mineralized quartz veins. In early 2017 the Company’s field crews followed up on this initial work, carrying out
a program of grab and channel sampling which returned assays of up to 21.1 g/t Au, and identified 4 separate mineralized zones, and
visible gold in several samples (see news release dated June 7, 2017). Later on in 2017 further mapping and surface channel profile
and grab sampling was undertaken, leading to the discovery of Zone 5 approximately 2km SE of the main Village Zone (Zone 1) at
Bohlog (see news release dated December 4, 2017).
Mineralization at Bohlog is spatially related to the late Bohlog granite (see Figure 2), which is intruded into
early orogenic ‘grey granites’, comprising primarily granodioritic rocks in the immediate Bohlog area. The Bohlog granite has
superficial spectral similarities to the Gaharish granite, which hosts the mineralization at Abu Gaharish (see Figure 1), and these
2 granites may be genetically related. The quartz vein mineralization at Bohlog occurs both within the Bohlog granite, and also
within the surrounding ‘grey granites’, and is associated with structurally controlled zones of stringer and stockwork style
mineralization displaying intense phyllic alteration. The geological setting, with mineralization close to the margin of a late
granite, a distinctive Au-W-Pb-Cu geochemical signature, and the strong structural controls all indicate a similarity to the
mineralization at Abu Gaharish (see news release dated December 19, 2017). The geological setting of the mineralization, the nature
and composition of the alteration, and the metallogenic signature all continue to suggest a possible reduced intrusion related
(RIRG) affinity to the Bohlog mineralization.
Figure 1 - An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dce1a690-aca1-4ef6-9bbe-7a5eb79d2f81
Late 2017 Bohlog trenching and sampling program
The Company has undertaken a program of trenching at Bohlog, using our onsite Caterpillar 225 excavator to dig the
trenches, which were completed to a nominal depth of c. 1m, cleaned, photographed and logged prior to sampling. In total 7
trenches were excavated (BOT-043 to BOT-049), for a total length of 354.2m (see Figures 3 and 4). Mechanical saw-cut channels were
cut near the bottom of the trenches, and were sampled over nominal 2m intervals. All samples were crushed at the Company’s onsite
preparation facility to an approximate -4mm fraction, and c. 500g splits were shipped to ALS Minerals at Rosia Montana,
Romania for analysis. Samples were analyzed for gold by fire assay using analytical code AA-Au23 (repeated by AA-Au25 for samples
which returned gold grades greater than 10 g/t).
A comprehensive summary of all the mineralized intersections from the excavator dug trenches is provided in
Appendix A, which included intersections of 20.0m @ 1.57 g/t Au (BOT-049 in Zone 2, Figure 4), and 9.0m @
1.65 g/t Au (BOT-046 in Zone 1, Figure 3). All the trenches intersected significant zones of mineralization at surface, up
to 24.5m in width, except trench BOT-047 (see Figure 3). It is also noted that the sampled widths almost certainly
underestimate the true grade of the mineralized zones as narrow high grade quartz veins had been removed from the trench
profiles in shallow surface workings by the ancient miners.
Additionally 4 short vertical channel profiles (profiles BOC-050 to BOC-053) were sampled in
trench BOT-049 (Zone 2, Figure 4) across a series of discrete flat-lying quartz veins, within the main stockwork mineralized zone.
These recorded true width intersections across these veins including 1.5m @ 17.3 g/t Au (profile BOC-052) and
1.80m @ 6.08 g/t Au (profile BOC-053). A number of sections in both trenches BOT-048 and BOT-049 could not be
sampled close to where the 2 trenches crossed each other due to the presence of infilled workings intersected in the trenches.
The strong phyllic alteration logged in the trenches, the presence of a system of narrow Au-bearing stockwork
veins, and the broader widths of a lower grade mineralization envelope around the quartz veins intersected in the trenches, all
continue to support the potential development of reduced intrusion related mineralization at Bohlog.
Figure 2 - An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/28969ae4-1476-4e65-a684-c2b4eb8b6297
Figure 3 - An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/70edae36-9092-4f69-9ecd-e3488fa06bfc
Figure 4 - An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fd2e8146-4bf8-4a3a-bbe2-c7fdf5f9221f
At the Zone 5 area a total of 19 short surface chip channel profiles were manually sampled in late 2017 (see
Figure 5). 61 samples were collected over nominal 2m intervals from the channel profiles for a total sampled length of 118.5m. A
further 5 grab samples and 6 short individual channel samples were also collected from the Zone 5 area. Most of the surface channel
profiles intersected mineralization with intersections including 6.0m @ 1.82 g/t Au (profile BOC-025) and
5.4m @ 1.32 g/t Au (profile BOC-028). Selective surface grab samples returned grades of up to 18.30 g/t
Au and 17.85 g/t Au from sheared quartz veins and ancient dumps, and individual channel samples returned
assays of up to 2.44 g/t Au. Mineralization was intersected over an area covering at least 275m x 125m. Full
details of the channel profiles, and all individual channel and grab samples are provided in Appendix B.
Figure 5 - An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/63bcad33-9cc5-49df-9e08-a01148d9de02
A further total of 9 selective grab samples were collected to the north of Zone 1, including 2 from some small ancient workings
to the NW, which have been designated as Zone 6 (see Figure 6). A single grab sample from a quartz vein along strike to the NE of
Zone 1 returned an assay of 14.35 g/t Au, while grab samples from further mineralized quartz veins at Zone 6 and
an area to the NW of Zone 1 returned assays of 3.34 g/t Au and 3.56 g/t Au, respectively. Of the 9 samples, 5
returned assays greater than 1 g/t Au.
The Company continues to be very encouraged by the ongoing identification of mineralized quartz veins over a
wide area at the Bohlog prospect, and the positive results from the trenches, indicating zones of potential RIRG style
mineralization outcropping at surface at Zones 1 and 2. A short drilling program is now being planned at Bohlog to follow up on the
positive exploration results returned to date.
Figure 6 - An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/cf8ebb35-9590-48f6-9590-66c3131876a2
Activity update
- Column cyanide leach testing of the four 120kg bulk composite samples of oxide and transitional mineralized material from the
Hamama West deposit has been completed and the final report has been received from Wardell Armstrong International. Au recoveries
average 75.6% and 72.7% from the oxide and transitional zones samples, and are considered to be above the average of those of
comparable heap leach gold projects. The column tests also indicated very fast leach kinetics for all oxide and transitional
samples;
- Geotechnical trial pitting at 2 potential locations for the Hamama West heap leach facility has commenced, and is currently
in progress;
- A final review of the deep ground penetrating radar geophysical survey undertaken over the Waayrah, Miranda VMS, Abu
Gaharish, Sir Bakis, Semna, Bohlog and East Eradiya prospects is being completed. Following the completion of this review it is
anticipated that the final report on this program will be completed by the contractor Terravision Exploration within the next 2-3
weeks.
- Additional surface sampling has been completed at the recently discovered Rodruin prospect to follow up the highly
encouraging initial surface sampling results (see news release dated February 6, 2018). Samples have been dispatched to ALS
Romania for analysis, and further updates will be provided shortly.
About Aton Resources Inc.
Aton Resources Inc. (TSX-V:AAN) 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 Sukari gold mine. Aton has identified a 40 km long gold
mineralized trend at Abu Marawat, anchored by the Hamama deposit in the west and the Abu Marawat deposit in the east, containing
numerous gold exploration targets, including three historic British mines. Aton has identified several distinct geological trends
within Abu Marawat, which display potential for the development of RIRG and orogenic gold mineralization, VMS precious and base
metal mineralization, and epithermal-IOCG precious and base metal mineralization. Abu Marawat is over 738km2 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.
Qualified Person
The technical information contained in this News Release was prepared by Roderick Cavaney BSc, MSc (hons), MSc
(Mining & Exploration Geology), FAusIMM, GSA, SME, Vice President, Exploration, of Aton Resources Inc. Mr. Cavaney 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 https://www.atonresources.com/ or contact:
Mark Campbell
President and Chief Executive Officer
Tel: +1-936-689-2589
Email: mcampbell@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.
Appendix A – Details of Bohlog excavator dug trenches and mineralized intersections
Channel
Profile ID |
Zone |
Length
(m) |
Start Location |
End Location |
Intersection |
Comments
|
X |
Y |
X |
Y |
From
(m) |
To
(m) |
Width
(m) |
Au
(g/t) |
BOT-043 |
1 |
35.5 |
550249 |
2920500 |
550271 |
2920474 |
14.0 |
22.5 |
8.5 |
0.47 |
Zone 1 |
BOT-044 |
1 |
27.2 |
550158 |
2920370 |
550179 |
2920358 |
6.0 |
24.2 |
18.2 |
0.53 |
Zone 1 |
BOT-045 |
1 |
58.5 |
550255 |
2920419 |
550226 |
2920463 |
10.0 |
34.5 |
24.5 |
0.55 |
Zone 1 |
BOT-046 |
1 |
30.0 |
550096 |
2920302 |
550079 |
2920323 |
9.2 |
18.2 |
9.0 |
1.65 |
Zone 1 |
BOT-047 |
1 |
30.2 |
550135 |
2920312 |
550118 |
2920334 |
|
|
|
|
NSA (Zone 1) |
BOT-048 |
1 |
79.0 |
550192 |
2920002 |
550256 |
2920042 |
6.0 |
29.0 |
23.0 |
0.43 |
Zone 2 |
BOT-049 |
1 |
93.8 |
550237 |
2919979 |
550187 |
2920055 |
47.8 |
67.8 |
20.0 |
1.57 |
Zone 2 |
Notes:
- Channel profiles sampled over nominal, but not exclusively, 2m intervals
- Samples were collected from mechanical saw-cut channels near the bottom of the excavated trenches
- Intersections calculated using a 0.25 g/t Au cutoff grade
- Intersections both less than 2m in width and grading less than 0.5 g/t are not included in this table (NSA = no
significant assay)
- Start location refers to the start coordinate of the first channel sample; end locations refers to the start
coordinate of the end sample, and not its end coordinate
|
Appendix B – Details of Bohlog chip channel profiles and mineralized intersections
Channel
Profile ID |
Zone |
Length
(m) |
Start Location |
End Location |
Intersection |
Comments
|
X |
Y |
X |
Y |
From
(m) |
To
(m) |
Width
(m) |
Au
(g/t) |
BOC-024 |
5 |
9.4 |
551962 |
2919657 |
551957 |
2919651 |
0 |
3.4 |
3.4 |
0.61 |
|
BOC-025 |
5 |
6.0 |
551980 |
2919650 |
551983 |
2919647 |
0 |
6 |
6 |
1.82 |
|
BOC-026 |
5 |
6.0 |
551986 |
2919643 |
551989 |
2919644 |
0 |
2 |
2 |
0.73 |
|
BOC-027 |
5 |
5.0 |
551996 |
2919607 |
551999 |
2919607 |
|
|
|
|
NSA |
BOC-028 |
5 |
8.0 |
551982 |
2919619 |
551985 |
2919623 |
0 |
5.4 |
5.4 |
1.32 |
|
BOC-029 |
5 |
6.9 |
551958 |
2919610 |
551963 |
2919613 |
|
|
|
|
NSA |
BOC-030 |
5 |
4.1 |
551956 |
2919604 |
551954 |
2919604 |
|
|
|
|
NSA |
BOC-031 |
5 |
4.0 |
551956 |
2919600 |
551957 |
2919598 |
|
|
|
|
NSA |
BOC-032 |
5 |
3.5 |
551917 |
2919619 |
551919 |
2919619 |
|
|
|
|
0 - 3.5m : 3.5m @ 0.48 g/t
Au |
BOC-033 |
5 |
9.6 |
551918 |
2919614 |
551925 |
2919615 |
0 |
3.4 |
3.4 |
0.67 |
|
BOC-034 |
5 |
5.4 |
551924 |
2919591 |
551927 |
2919591 |
0 |
3.4 |
3.4 |
0.81 |
|
BOC-035 |
5 |
4.0 |
551903 |
2919598 |
551905 |
2919598 |
0 |
2 |
2 |
1.93 |
|
BOC-036 |
5 |
10.0 |
551889 |
2919583 |
551897 |
2919586 |
2 |
4 |
2 |
0.59 |
|
BOC-037 |
5 |
5.1 |
551764 |
2919608 |
551767 |
2919607 |
0 |
0.6 |
0.6 |
0.98 |
|
BOC-039 |
5 |
4.0 |
551755 |
2919584 |
551756 |
2919582 |
|
|
|
|
NSA |
BOC-040 |
5 |
6.3 |
551855 |
2919644 |
551857 |
2919641 |
|
|
|
|
NSA |
BOC-041 |
5 |
4.3 |
551862 |
2919631 |
551864 |
2919631 |
0 |
2.2 |
2.2 |
1.22 |
|
BOC-042 |
5 |
5.0 |
551894 |
2919549 |
551896 |
2919549 |
|
|
|
|
0 - 2.5m : 2.5m @ 0.48 g/t
Au |
BOC-050 |
2 |
1.45 |
550206 |
2920034 |
N/A |
N/A |
0.4 |
1.45 |
1.05 |
0.59 |
vertical profile through
BOT-049 |
BOC-051 |
2 |
2.0 |
550206 |
2920031 |
N/A |
N/A |
0.3 |
1.65 |
1.35 |
4.33 |
vertical profile through
BOT-049 |
BOC-052 |
2 |
1.5 |
550207 |
2920030 |
N/A |
N/A |
0 |
1.5 |
1.5 |
17.29 |
vertical profile through
BOT-049 |
BOC-053 |
2 |
1.8 |
550209 |
2920024 |
N/A |
N/A |
0 |
1.8 |
1.8 |
6.08 |
vertical profile through
BOT-049 |
Notes:
- Channel profiles manually sampled over nominal, but not exclusively, 2m intervals
- Intersections calculated using a 0.5 g/t Au cutoff grade
- Intersections both less than 2m in width and grading less than 0.5 g/t are not included in this table (NSA = no
significant assay)
- Start location refers to the start coordinate of the first channel sample; end locations refers to the start
coordinate of the end sample, and not its end coordinate
|
Appendix C – Details of Bohlog grab samples and individual chip channel samples
Sample ID |
Sample
Location |
Sample Type |
X |
Y |
Au (g/t) |
Sample Description |
AHA-17537 |
NE of Zone 1 |
Grab |
550742 |
2920810 |
14.35 |
c. 30cm wide quartz vein in
sheared and altered rock |
AHA-17653 |
Zone 6 |
Grab |
549587 |
2920777 |
3.34 |
Vein at West Bohlog (Zone
6) |
AHA-17654 |
Zone 6 |
Grab |
549591 |
2920659 |
0.01 |
Highly weathered and friable
rock with iron staining |
AHA-17808 |
Zone 5 (SE) |
Grab |
551983 |
2919650 |
5.14 |
Old workings, highly sheared,
Fe stained and altered host rock |
AHA-17809 |
Zone 5 (SE) |
Grab |
551973 |
2919644 |
18.30 |
Highly sheared, Fe stained and
altered 20cm wide quartz vein |
AHA-17811 |
Zone 5 (SE) |
Grab |
552022 |
2919629 |
17.85 |
Ancient dump material , highly
altered, Fe stained, with some quartz |
AHA-17812 |
Zone 5 (SE) |
Grab |
551926 |
2919626 |
2.96 |
Old workings, highly sheared,
Fe stained and altered host rock |
AHA-17813 |
Zone 5 (SE) |
Grab |
551879 |
2919583 |
5.97 |
Narrow c. 5cm wide Fe stained
quartz vein |
AHA-17925 |
NE of Zone 1 |
Grab |
550396 |
2920749 |
0.34 |
20cm wide vuggy, brecciated
quartz vein |
AHA-17926 |
NE of Zone 1 |
Grab |
550349 |
2920739 |
0.02 |
10-20cm wide vuggy, brecciated
quartz vein |
AHA-17927 |
NE of Zone 1 |
Grab |
550282 |
2920711 |
5.72 |
Dump material at ancient
workings |
AHA-17928 |
NW of Zone 1 |
Grab |
550080 |
2920543 |
1.19 |
Massive shallow vuggy,
brecciated vein - 6m exposure |
AHA-17929 |
NW of Zone 1 |
Grab |
550065 |
2920529 |
0.46 |
Massive shallow vuggy,
brecciated vein |
AHA-17931 |
NW of Zone 1 |
Grab |
550053 |
2920522 |
3.56 |
Vuggy, brecciated quartz
vein |
AHA-17837 |
Zone 5 (SE) |
Chip channel |
551966 |
2919613 |
0.55 |
0.7m channel, highly altered,
sheared dacite, with 15cm quartz vein |
AHA-17845 |
Zone 5 (SE) |
Chip channel |
551916 |
2919609 |
0.71 |
0.7m channel, high altered,
sheared rock with 20cm wide quartz vein |
AHA-17867 |
Zone 5 (SE) |
Chip channel |
551756 |
2919608 |
0.01 |
0.67m channel sample, shear
zone |
AHA-17877 |
Zone 5 (SE) |
Chip channel |
551848 |
2919593 |
0.17 |
1m channel sample, shear zone
with 15cm wide quartz vein |
AHA-17884 |
Zone 5 (SE) |
Chip channel |
551856 |
2919564 |
1.18 |
2.7m channel from old working,
shear zone with 4cm wide quartz vein |
AHA-17887 |
Zone 5 (SE) |
Chip channel |
551904 |
2919531 |
2.44 |
0.3m channel sample, highly
altered and sheared rock |
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