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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

Bullboard Posts
Post by James100on Dec 04, 2017 11:29am
50 Views
Post# 27085062

Hits, Misses, and a Surprise from Aton Resources $AAN

Hits, Misses, and a Surprise from Aton Resources $AANhttps://ceo.ca/@newton/hits-misses-and-a-surprise-from-aton-resources-aan

"Those familiar with story know that it all hangs on the commerciality of the Hamama West deposit. Good news, the met tests on samples of oxide and transitional material are encouraging: Percolation and agglomeration testing is complete and suggest that little or no agglomeration be required. That's a pretty big deal for the heap leach and I believe it was a specific concern for someone in Vancouver last year. It's also good to hear that the field assessment and sampling of spectral targets in the Hamama area continues, as does work towards a revised resource estimate there. How about that economic study?

 

Mr. Campbell says a few noteworthy things in the latest news release. He starts off, "The hits just keep on coming!" and he is not wrong.

 

There were a couple other things that jumped out at me. One is that mining license at Hamama will last 20 years. That number didn't come up in my interview with him after the announcement of the acceleration of the timeline to commerciality, but it is a very important number. The other thing was that Aton has made an " amazing discovery of previously unreported extensive underground ancient workings at East Eradiya". Now, that is something special."

Bullboard Posts