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Aton Resources released the latest assay results from its Hamama West gold-silver project, located in the Eastern Desert of Egypt, including 12m of 6.75 g/t AuEq from surface.

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Aton Resources Inc. (TSXV:AAN) released the latest assay results from its Hamama West gold-silver project, located in the Eastern Desert of Egypt, including 12m of 6.75 g/t AuEq from surface.

Additional Information:

Company: Atron Resources
Website: www.AtonResources.com
Stock Symbol: TSXV:AAN
Date Published: Sep 27, 2022
Transcript: Available

Video Transcript:

Aton Resources Inc. (TSXV:AAN) released the latest assay results from its Hamama West gold-silver project, located in the Eastern Desert of Egypt.

Aton Resources is focused on its 100% owned Abu Marawat Concession, located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine.

Abu Marawat covers approximately 448 square kilometers and is located in an area of excellent infrastructure, with a four-lane highway, a 220kV power line, and a water pipeline in close proximity, as are two international airports.

The company has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit, the Abu Marawat deposit, and the advanced Rodruin exploration prospect.

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.

A total of 6,620m were drilled predominantly at the Hamama West zone.

3 holes were completed, for 297m, at the Western Carbonate zone, and 5 holes, for 390m, at the West Garida prospect approximately 3km east of Hamama West, with the remaining 5,933m drilled at Hamama West.

The RC percussion resource infill drilling programme at the Hamama West gold-silver project, completed on August 24, 2022, was designed to primarily test the oxide and transitional portion of the Hamama West mineral resource estimate, with the specific objective of upgrading the confidence of the existing inferred resource.

The southernmost holes typically intersected narrower oxide zones closer to the structural footwall of the north-dipping Hamama West mineralisation, which typically carry the higher grades, for example hole HAP-137 which intersected 12m grading 3.71 g/t Au, 258.4 g/t Ag and 6.75 g/t AuEq from surface.

Selected significant intersections from holes HAP-136 to HAP-162 are shown in this table.

Hole 148 returned 0.92 g/t Au, 26.50 g/t Ag and 1.23 g/t AuEq over a 66m interval, from a depth of 2m.

Hole 155 returned 0.85 g/t Au, 26.71 g/t Ag and 1.17 g/t AuEq over a 66m interval, from a depth of 14m.

Hole 156 returned 0.81 g/t Au, 22.14 g/t Ag and 1.07 g/t AuEq over a 68m interval, from a depth of 23m.

The Hamama West project has an indicated resource of 137,000 ounces of AuEq, and an inferred resource of 341,000 ounces AuEq.

The uppermost oxide and transitional component of the Hamama West deposit, the “gold oxide cap”, comprises an inferred resource of 106,000 ounces AuEq.

Metallurgical testwork has indicated average gold recoveries of 75.6% and 72.7% from oxide and transitional mineralisation types respectively, using standard heap leach processing technology.


Tonno Vahk, CEO, stated: “These latest results from Hamama West continue to meet with our expectations, and are more than respectable. The RC drilling is again demonstrating the presence of the wide and continuous body of gold-silver mineralisation at Hamama West. Aton is continuing to push ahead with the strategy agreed with our partners at the Egyptian Mineral Resources Authority, which will lead to the initial development of the starter open pit heap leach operation at Hamama West, followed by the Rodruin mine.”

The shares are trading at $0.21.

For more information on the company, please visit the company’s website www.AtonResources.com, contact Tonno Vahk, CEO, at 604-318-0390 or by email info@AtonResources.com.