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Aton Resources Inc.
Summary
| Project: | Hamama | |
|---|---|---|
| Deposit: | Hamama West | |
| Location: | Egypt | |
| Commodities: | Gold-Silver | |
| Date: | 7/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-7-2016: Aton Resources Inc. announces an Exploration/Drilling Update report for its Hamama West deposit at the Hamama project. Drilling results incl. 37.1m @ 1.81g/t Au, 35.87g/t Ag. July 15, 2016: Aton Resources Inc. (TSX‐V:AAN) (“the “Company”) is ve | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roderick Cavaney (Internal) | |
| ABSTRACT: | July 15, 2016: Aton Resources Inc. (TSX‐V:AAN) (“the “Company”) is very pleased to report that assay results for the early holes in the current drill campaign encountered excellent gold – silver mineralization. Drilling commenced on the 31st March with diamond drill hole AH-59 which targeted the Gold Oxide Cap north of and down dip from AHA-34 at Hamama West. AHA-34 had intersected 9 meters at 1.3 g/t Au and 70.6 g/t Ag in a previous drill campaign. Drill hole ANA-60 was sited behind AHA-59 to test the down dip extension to the mineralization. A drill hole further north again, AHA- 61 was sited to test the mineralization down dip from both holes as shown in the cross section figure 1. Very interesting lithologies were encountered in each hole confirming the mineralization as being in a volcanic associated massive sulphide (VMS) environment. AHA-59 in the oxidized zone returned 5.1 meters at 0.89 g/t Au and 16.44 g/t Ag. Up-hole from the gold – silver mineralization, 3.8 meters of 0.79% Zn was intersected. Drill hole AHA-60 tested the deeper extension to this mineralization and returned 28 meters of 2.23 g/t Au and 42.2 g/t Ag in the sulphide zone. Up-hole from this are two narrower zones. These were 4.45 meters at 0.66 g/t Au with 19.94 g/t Ag; plus 6 meters at 0.65 g/t Au and 15.8 g/t Ag. Once again, zinc mineralization was encountered up-hole from the gold - silver intersections; in AHA-60 it was 23.5 meters of 2.5% Zn. Although there has been secondary migration and enrichment in the oxide environment, stratigraphically these zinc-rich zones are sitting under the mineralized exhalite unit that is carrying the precious metals. This is normal in a VMS situation. | |
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