Announcement Date: 2022-09-27
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Aton Resources Inc.
Project name: Hamama West
Location: Egypt
Commodities: Gold,Silver
Highlight: Drilling results incl. 66m at 0.92g/t Au, 26.5g/t Ag from 2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia September 27, 2022: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company”) is pleased to update investors on the latest assay results from its Hamama West gold-silver project, located in the Company’s 100% owned Abu Marawat Concession (“Abu Marawat” or the “Concession”), in the Eastern Desert of Egypt. The Hamama West project has an indicated resource of 137,000 ounces of gold equivalent (“AuEq”, gold and silver combined), 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 (see news release dated January 24, 2017). Metallurgical testwork has indicated average gold recoveries of 75.6% and 72.7% from oxide and transitional mineralisation types respectively (see news release dated February 22, 2018), using standard heap leach processing technology. Aton plans to initially mine the outcropping oxide gold cap of the deposit, which is mineralised directly from surface, as a low capex/opex starter open pit mining operation, with a heap leach processing facility.
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