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Aton Resources Inc V.AAN

Alternate Symbol(s):  ANLBF

Aton Resources Inc. is a Canada-based gold exploration and development company located in Egypt's Arabian-Nubian Shield. The Company is focused on its 100% owned Abu Marawat Concession (Abu Marawat), located in Egypt's Arabian-Nubian Shield, approximately 200 kilometers (km) north of Centamin's world-class Sukari gold mine. It 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 Rodruin deposit in the south of the Concession. The Abu Marawat Deposit is a high-grade gold-copper vein deposit located 35 km to the northeast of Hamama. Two historic British gold mines are also located on the Concession at Semna and Sir Bakis. The Abu Marawat exploitation lease is approximately 57.66 square kilometers (km2) in size, covering the Hamama West and Rodruin mineral deposits. The Concession also includes an additional 255.0 km2 of exploration areas at Abu Marawat.


TSXV:AAN - Post by User

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Post by Dansulon May 12, 2015 8:57am
75 Views
Post# 23718316

88.4 Metres At 1.11 G/T Gold And 118 G/T Silver Read more at

88.4 Metres At 1.11 G/T Gold And 118 G/T Silver Read more at

Alexander Nubia Discovers New Zone at Hamama Gold-Rich VMS Project: AHA-31 Returns 88.4 Metres At 1.11 G/T Gold And 118 G/T Silver



Toronto, Ontario (FSCwire) - Alexander Nubia International Inc. (TSX-V:AAN) (the “Company”) is very pleased to announce that it has discovered a new zone of sulphide mineralization at its flagship Hamama Project. Diamond drilling is focused on the Gold-Oxide Cap and primary sulphide mineralization of Hamama West. AHA-31, a deep step-out hole from the Gold-Oxide Cap, intersected mineralization from surface to 157 metres, with an average grade of 0.72 g/t gold and 100 g/t silver (2.16 g/t AuEq), including high-grade zones in semi-massive sulphides.

Highlights:

  • Drilling AHA-29 and AHA-30 into the Gold-Oxide Cap at Hamama West indicates gold and silver enrichment in oxide from surface to a true depth of 34 metres

  • Based on the fence of holes that includes AHA-29, -30 and -31, mineralization increases in width and grade with depth

  • Hole AHA-31, targeting primary sulphide mineralization beneath the Gold-Oxide Cap, returned 88.4 metres at 1.11 g/t Au and 118 g/t Ag (2.81 g/t AuEq), including a high-grade intercept of 21.4 metres at 2.56 g/t Au and 573 g/t Ag (10.80 g/t AuEq).

Alexander Massoud, President and Chief Executive Officer of Alexander Nubia stated: “Following a successful deep trenching campaign at Hamama in 2014, this first batch of exciting drill results shows gold-silver mineralization from surface to a depth of at least 160 metres.” Mr. Massoud further commented: “We’re particularly pleased with the intensity of the sulphide mineralization at depth in AHA-31, which intersected two substantial zones of high-grade gold-silver-zinc values. We look forward to the next batch of drill results that will continue to evaluate the Gold-Oxide Cap and primary sulphide mineralization beneath it.”

For a pdf version of this press release

https://alexandernubia.bmetrack.com/c/l?


Read more at https://www.stockhouse.com/news/press-releases/2015/05/12/alexander-nubia-discovers-new-zone-at-hamama-gold-rich-vms-project-aha-31#fhr6wiXJZPyLYh1J.99
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