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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 Oct 02, 2018 3:30pm
100 Views
Post# 28731658

FRC Report on AAN

FRC Report on AAN
Nice to see FRC report on $AAN out  https://cdn.ceo.ca/1dr7hco-Screenshot%20%281717%29.png


I noticed FRC report says, "Ancient workings and mineralization at Rodruin have been identified over an area of 500 m x 400 m, and over a vertical elevation range of over 100m. We estimate that this could imply a potential resource of 5 to 10 Mt even if only 10% to 20% of the entire area is mineralized."
 
For anyone not familiar with these calculations, here's a back of envelope example. Basic dimensions: 500m x 400m x 100m makes for 20 million cubic meters. With specific gravity of 3.0, that's 60 million tonnes. Say 10% of that tonnage is "ore" and you get 6 million tonnes. : ) 
Bullboard Posts