- Aton (AAN) has begun a 5,000 m drilling program at its Hamama West Project in Egypt
- Drilling will last 2-3 months and will include a heap leach processing facility to provide cash flow
- The company will also drill the nearby West Garida Prospect, which sampled up to 99.6 g/t gold
- Aton Resources explores for gold and base metals in Egypt
- Aton (AAN) is down by 3.7 per cent trading at $0.52 per share
Aton (AAN) has begun a 5,000 m drilling program at its Hamama West Project in Egypt.
Drilling began on May 25, 2022, and is expected to last 2-3 months as the company seeks to upgrade the property’s inferred mineral resource.
Hamama has an indicated resource of 137,000 ounces of gold equivalent (gold and silver) and an inferred resource of 341,000 ounces of gold equivalent.
Aton plans to develop the deposit’s outcropping oxide gold cap as a low capex/opex starter open-pit mining operation, including a heap leach processing facility to provide early cash flow.
The company also intends to drill the West Garida Prospect – located 3 km east of Hamama – which returned up to 99.6 g/t gold from surface sampling.
“This new drilling program forms an important part of our plans for Hamama West, as we push the project forward to its development as what we expect to be the second operating gold mine in Egypt,” stated Tonno Vahk, Aton’s Interim CEO.
“We are still drilling at Rodruin and are continuing to return some really pleasing results,” he added. “We intend to advance Rodruin and Hamama together in tandem as we work towards a phased development plan for the entire Abu Marawat Concession with our partners at the Egyptian Mineral Resources Authority.”
Aton Resources explores for gold and base metals in Egypt.
Aton (AAN) is down by 3.7 per cent trading at $0.52 per share as of 12:51 pm EST.
