- Aton Resources (AAN) has signed a contract with Energold Drilling Ltd.
- Energold will carry out a minimum of 4,250 metres of diamond drilling at the corporation’s Abu Marawat Concession
- The program will commence at Rodruin with 3,350 metres of drilling
- The drilling program at Hamama will consist of 900 metres of drilling
- Aton Resources Inc. is a gold exploration and development company located in Egypt’s Arabian-Nubian Shield
- Aton Resources Inc. (AAN) opened trading at C$0.215 per share
Aton Resources (AAN) has signed a contract with Energold Drilling Ltd.
Energold will carry out a minimum of 4,250 metres of diamond drilling at the corporation’s Abu Marawat Concession. The drilling program will be focused on the Rodruin and Hamama projects (Figure 1), with drilling expected to commence in September.
The program will commence at Rodruin with 3,350 metres of drilling, with the objective of following up on the successful 2018 reverse circulation percussion drill program, as well as testing for the first time the high-grade veins sampled at surface on the North Ridge, which returned assays of up to 321 g/t Au.
Drilling will also test and delineate the distribution of the near-surface oxide mineralization identified on the South Ridge, which returned intercepts including 36m @ 12.47 g/t Au and 20m @ 5.36 g/t Au. The program will also follow up on the deeper sulphide mineralization which returned wide intersections including 61m @ 1.55 g/t Au, 8.9 g/t Ag and 0.86% Zn.
The drilling program at Hamama will consist of 900 metres of drilling with the objective of delineating additional oxide and transitional resources at the Hamama East and Central areas, which have not been effectively drill tested to date. Channel sampling of surface trenches has indicated the potential for relatively high-grade oxide mineralization and has returned intercepts including 84m @ 1.13 g/t Au, 49.7 g/t Ag and 7.29% Zn and 42.8m @ 1.28 g/t Au, 55.5 g/t Ag and 10.37% Zn.
Bill Koutsouras, Aton’s Interim CEO & Chairman of the Board stated,
“We are pleased to announce the upcoming drilling programs at the promising Rodruin and Hamama Projects as we embark on an aggressive exploration strategy to unlock value from our Abu Marawat Concession Area. We have recently re-opened our Hamama camp and will initiate construction shortly of a new exploration camp at Rodruin that will be more centrally located within our Concession and serve as the main base going forward for exploration on other high priority regional targets”.
Aton Resources Inc. is a gold exploration and development company located in Egypt’s Arabian-Nubian Shield. Aton is focused on its 100% owned Abu Marawat Concession (“Abu Marawat”), located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine. Aton 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 advanced Rodruin exploration prospect in the south of the Concession.
Aton Resources Inc. (AAN) opened trading at C$0.215 per share.
