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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 Dec 20, 2019 9:13am
132 Views
Post# 30476091

News

News
 
TSXV-Listed Aton Resources Says Semna East Sampling Program Shows Gold Mineralization
2019-12-19 04:41:35 PM ET (MT Newswires)
   
   

04:41 PM EST, 12/19/2019 (MT Newswires) -- Aton Resources (AAN.V) on Thursday said a surface sampling program at the Semna East prospect on its Abu Marawat Concession lands in Egypt showed some gold mineralization. 

The company said eight samples from the site tested at above one gram per tonne of gold, with the highest coming in at 9.13 gpt of gold.

"We have again identified mineralisation in an area where none had been previously reported," chief executive Mark Campbell said in a release. "We continue to be excited by the IR gold-hosting potential of the Gaharish granite, and this new work just confirms that our Abu Marawat Concession has real potential to become a mining district in its own right."

Aton shares closed unchanged at C$0.03 on the TSX Venture Exchange.

Price: 0.03, Change: 0.00, Percent Change: 0.00


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