Aton is on the ground floor of an emerging mining jurisdiction – Egypt
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 Sukari gold mine. Aton has identified a 40-km long gold trend at Abu Marawat, anchored by the Hamama deposit in the west and the Abu Marawat deposit in the east. In addition to the Hamama and Abu Marawat deposits, the trend contains numerous gold exploration targets, including three historic gold mines. Abu Marawat is over 738km2 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.
- Abu Marawat Concession is over 738km2 in size, district scale potential
- Hosts two deposits, Hamama and Abu Marwwat
- Hamama has a 3,000-metre-long mineralized horizon and is comprised of three zones: Hamama West, Hamama Central and Hamama East
- Hamama West deposit hosts an Inferred Mineral Resource of 341,000 ounces’ gold equivalent (“AuEq”) and an Indicated Mineral Resource of 137,000 ounces AuEq (see news release dated January 24, 2017)
- Hamama West resource represents only 750 metres of the 3,000-metre-long mineralized horizon at Hamama and the entire area remains open at depth
- Abu Marawat deposit hosts 2.9 million tonnes grading 1.75 grams gold per tonne, 29.3 grams silver per tonne, 0.8% copper and 1.2% zinc
- Abu Marwat deposit remains open at depth and along strike
- Abu Marawat Concession contains three historic mines and numerous exploration targets
- Excellent infrastructure
- In-country expertise
- Technical team with record of making discoveries and financing projects through development stage
- Experienced Board of Directors and Advisors
- Long-term investors who support the vision of the Company
Rick Cavaney is Aton Resources’ VP Exploration. He has over forty-five years of experience in the mining industry and was formally an exploration manager with Centamin at Sukari and Abu Marawat for eight years. As a fellow of the Australian Institute of Mining and Metallurgy (Aus.I.M.M) is a competent person under the Joint Ore Resources committee (JORC) Code and is a qualified person, as such term is defined in NI 43-101 of the Canadian Securities Administrators.