Aton announces that it has contracted Capital Drilling to undertake a new RC drilling programme at Hamama
28 February 2022 - 11:00PM
Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is
pleased to update investors on the latest developments at its
Hamama West project. Hamama West is located in the Company’s 100%
owned Abu Marawat Concession (“Abu Marawat” or the “Concession”),
in the Eastern Desert of Egypt.
Highlights:
- Aton has contracted Capital Drilling to undertake a c. 5,000m
infill RC drilling programme at the Hamama West development
project, which is scheduled to start within the next 4-6 weeks,
pending transfer of the drill rig from the Sukari gold mine to
Hamama;
- The drilling programme has been designed to upgrade the
inferred mineral resource estimate at Hamama West, as Aton advances
the project towards its development as an open pit starter mining
operation and heap leach processing facility;
- Sterilisation drilling will also be undertaken for the planned
mine infrastructure facilities, as well as at the West Garida
prospect 3km east of Hamama West prospect, which has returned
assays of up to 99.6 g/t Au from surface sampling.
“We are very pleased to announce that we have
entered into an agreement with Capital Drilling to undertake a new
RC drilling programme at Hamama West, as we look to advance the
project towards its development as the next gold mine in Egypt”,
said Tonno Vahk, Interim CEO. “We have worked with Capital at
Hamama since 2016, and we are very much looking forward to renewing
our relationship with them again. The diamond drilling programme is
continuing at Rodruin and we expect to release the next positive
tranche of results as soon as they become available. Aton continues
to go full steam ahead on the ground in Egypt, and we are excited
by the prospect of a very busy period ahead, drilling at the two
projects, as we work to advance both Hamama West and Rodruin
towards their development into new gold mines.”
About Aton Resources Inc. Aton Resources Inc.
(AAN: TSX-V) 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. Two historic
British gold mines are also located on the Concession at Sir Bakis
and Semna. Aton has identified several distinct geological trends
within Abu Marawat, which display potential for the development of
a variety of styles of precious and base metal mineralisation. Abu
Marawat is 447.7 km2 in size and is located in an area of excellent
infrastructure; a four-lane highway, a 220kV power line, and a
water pipeline are in close proximity, as are the international
airports at Hurghada and Luxor.For further information regarding
Aton Resources Inc., please visit us at www.atonresources.com or
contact:TONNO VAHKInterim CEO Tel: +1 604 318 0390 Email:
info@atonresources.com |
|
Note Regarding Forward-Looking Statements Some of
the statements contained in this release are forward-looking
statements. Since forward-looking statements address future events
and conditions; by their very nature they involve inherent risks
and uncertainties. Actual results in each case could differ
materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. |
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