Aton Files NI 43-101 Independent Technical Report for the Hamama West Deposit; 2,300 Metre Drill Program at Hamama West Continues
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 12, 2017) - Aton Resources Inc. (TSX VENTURE:AAN) ("Aton" or the "Company") is pleased to announce that it has filed a NI 43-101 independent technical report for the Hamama West Deposit ("Hamama West"), one of three contiguous zones that comprise the Hamama Project ("Hamama" or the "Project"), located within the Company's 100% owned Abu Marawat Concession ("Abu Marawat") in Egypt. Hamama West hosts an Inferred Mineral Resource of 341,000 ounces gold equivalent and an Indicated Mineral Resource of 137,000 ounces AuEq*.
Resources at Hamama West represent only 750 metres of the 3,000-metre-long mineralized horizon at Hamama, which remains open along strike and at depth. A 2,300 metre drill program is currently underway at Hamama West with the goal of increasing potential resources at depth. The Company will provide investors with a more fulsome exploration update within the next week.
About Hamama
Hamama is located at the western end of the 40-km long gold trend at the Abu Marawat concession and is comprised of three zones, Hamama West, Hamama Central and Hamama East. The mineralized horizon at Hamama has a strike length of approximately 3-km and remains open to the east, possibly to the west, and at depth. Mapping indicates that the mineralized horizon may extend another 1.8-kms to the east. Further exploration work will be conducted to confirm this. Other potentially mineralized horizons, separate from the main mineralized horizon, have also been mapped in the general Hamama area.
About Aton Resources Inc.
Aton Resources Inc. (TSX VENTURE:AAN) is focused on its 100% owned 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 Hamama in the west and the Abu Marawat deposit in the east. In addition to the Hamama and Abu Marawat deposit, 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.
Qualified Person
The technical information contained in this News Release was prepared by Roderick Cavaney BSc, MSc (hons), MSc (Mining & Exploration Geology), FAusIMM, SEG, GSA, SME, Vice President, Exploration, of Aton Resources Inc. Mr. Cavaney is a qualified person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information regarding Aton Resources Inc., please visit us at www.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.
*See the independent technical report titled "NI 43-101 Independent Technical Report, Hamama West Deposit, Abu Marawat Concession, Arab Republic of Egypt" (the "NI 43-101 Independent Technical Report"), dated January 24, 2017, by Matthew Bampton B.Sc. (Hons.) M.Sc. MAusIMM MAIG of Cube Consulting Pty. Ltd. The NI 43-101 Independent Technical Report is available under the Company's profile on SEDAR, at www.sedar.com, and will be available on the Company's website, at www.atonresources.com.
Contact
Aton Resources Inc.
Mark Campbell
President and Chief Executive Officer
+1-936-689-2589
mcampbell@atonresources.com
Aton Resources Inc.
Blaine Monaghan
Vice President, Investor Relations
+1 (604) 331-5092
ir@atonresources.com