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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

Post by Betteryear2on Mar 07, 2022 7:24am
127 Views
Post# 34489335

Aton intersects 1.00 g/t gold over 129.5m

Aton intersects 1.00 g/t gold over 129.5m

VANCOUVER, British Columbia, March 07, 2022 (GLOBE NEWSWIRE) -- Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is very pleased to update investors on the latest tranche of results from the Phase 2 diamond drilling programme at its advanced Rodruin gold exploration project. Rodruin is located in the Company’s 100% owned Abu Marawat Concession (“Abu Marawat” or the “Concession”), in the Eastern Desert of Egypt.

Highlights:

  • Diamond drilling is ongoing at Rodruin, with 21 drill holes having been completed to date, ROD-048 and ROD-051 to ROD-070, for a total of 1,992 metres;
  • Drill holes ROD-056 to ROD-061 were drilled to test the Central Buttress Zone, an outcropping body of gossanous and mineralised carbonate rock;
  • Drill hole ROD-056 was mineralised over its entire length from collar to end of hole and returned a mineralised intersection of 129.50m grading 1.00 g/t Au and 8.8 g/t Ag;
  • Other drill holes also returned wide mineralised intersections including 86.60m grading 0.76 g/t Au and 6.3 g/t Ag (hole ROD-057), 45.93m grading 0.93 g/t Au and 3.8 g/t Ag (hole ROD-059), and 85.40m grading 0.66 g/t Au and 10.2 g/t Ag (hole ROD-061);
  • These results continue to confirm that a substantial block of predominantly gossanous carbonate hosted oxide gold mineralisation outcrops at surface at the Central Buttress Zone at Rodruin.

Aton intersects 1.00 g/t gold over 129.5m at Rodruin, further confirming wide zones of surface mineralisation
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