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Aton Resources Inc.
Summary
| Project: | Hamama | |
|---|---|---|
| Deposit: | Hamama West | |
| Location: | Egypt | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/10/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-11-2016: Aton Resources Inc. announces an Exploration/Drilling Update report for its Hamama West deposit at the Hamama project. Drilling results incl. 32.60m @ 1.49g/t Au, 126.9g/t Ag from 0.70m. Vancouver, November 10, 2016: Aton Resources Inc. (AAN: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roderick Cavaney (Internal) | |
| ABSTRACT: | Vancouver, November 10, 2016: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is pleased to report the results for another 13 drill holes from the recently completed 38-hole diamond drill campaign, totaling 3,428 metres, at Hamama West. The Company has reported 27 drill holes to date, including these 13 holes, and will release the remaining holes as assays are received and the results consolidated. Hamama West is one of three zones that comprise the Hamama project, situated within Aton’s 100% owned Abu Marawat concession, located in Egypt. “Most of these drill holes were planned to test the shallow oxide gold cap at Hamama West and holes 79 and 87 returned excellent results,” stated Mark Campbell, Chief Executive Officer of Aton. “Hole 79 returned 32.60 metres of 3.31 g/t gold equivalent, from surface, and hole 87 returned 35 metres of 1.50 g/t gold equivalent from surface. These results demonstrate the potential for an open-pit, heap-leach scenario at Hamama West. The upcoming NI 43-101 report on Hamama West will help shed further light on this scenario and on Hamama’s overall potential.” The Hamama project (“Hamama”) is located at the western end of the 40km 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 3km and remains open to the west and the east. Mapping indicates that the horizon may extend another 3.2kms to the east, which would more than double Hamama’s current strike length. Further exploration work will be conducted to confirm this. Aton’s most recent exploration activities have been focused at Hamama West, where it recently completed 38 diamond drill holes in 3,428 metres. Hamama West has been deeply weathered into a soft, friable oxidized gossan blanket, referred to as a gold-oxide cap, which is over 900 metres long, up to 110 metres wide and has an average vertical depth of 35 metres. Importantly, sulphide mineralization has been traced up to 180 metres in depth at Hamama West and remains open. Aton plans to announce a NI 43-101 compliant resource for Hamama West by year end. | |
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