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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 Jul 12, 2018 11:51am
101 Views
Post# 28306508

Permits and and timelines and visible gold...

Permits and and timelines and visible gold...
These are a few of my favourite things!!!

Key quotes from news IMO: 
 
"Wood Mackenzie is scheduled to present their policy review of the Egyptian minerals sector to the Minister of Petroleum, Tarek El Molla, within the next fortnight."

"The rig being mobilised is a track-mounted Gemrok MP-1000 multi-purpose rig, which is capable of both reverse circulation percussion (“RC”) and diamond drilling. Aton anticipates drilling will begin during the last week of July or the first week of August."  

"The first phase will consist of approximately 4,000 metres of RC drilling, which will primarily test the main zone of ancient workings and mapped mineralisation in the Aladdin’s Hill area, and is expected to take about 6 weeks to complete." 
 
Nice to see Aladdin's Hill marked out.  https://cdn.ceo.ca/1dkcsn2-Figure%202%20Location%20%281%29.jpg 

"this study has been reviewed by EMRA and has now been forwarded to the Minister of Petroleum for his final signature. Under the terms of the CAAM, the Company has a further six months from July 31, 2018 to address any issues, should they be raised, by EMRA and the Ministry of Petroleum (“MOP”)."

"We believe that our investors can therefore look forward to some significant progress for Aton in the coming months."


Go Aton! See more https://www.atonresources.com/news/2018/
Bullboard Posts