Aton President & CEO Updates Investors on Its Plans
22 Octobre 2020 - 11:00PM
Aton Resources Inc. (the “Company” or “Aton Resources”)
(
TSX-V: AAN) is pleased to share an update from
its President and CEO Mark Campbell on the Company’s plans.
“It is with great pleasure that I finally have
something to say to all of our shareholders. It may have seemed to
have been a very long road - and it has! But the fact that we have
been able to attract a strong financial strategic partner like
MEDAF, will prove to be worth the wait.
“Now what everyone wants to know is what our plan
is going forwards. It has two parts. Firstly, we will get back to
the second phase of exploration drilling at Rodruin, which returned
excellent results from the first program. We also plan to drill at
Abu Gaharish, which we believe has similar geology to the
world-class Sukari deposit 200 km to the south, as well as some of
our other highly promising regional exploration targets. Timing
will be dependent on rig availability and if we can bring one in
and begin before Christmas we will, but I think January 2021 as a
start date is realistically more likely. The goal here is to get to
an MRE at Rodruin as fast as we can.
“Secondly, we will continue work at Hamama West,
where our plan is to establish a starter open pit mine on the
uppermost oxide portion of the deposit and a heap leach processing
facility. This we envisage will be the first phase of the overall
development of the entire Hamama project area. This will include
additional resource delineation and definition drilling, further
metallurgical, geotechnical and hydrological studies, and water
well drilling leading to the establishment of a process water
supply borefield.
“We are very excited to be getting back to work, as
I am sure are all of you. So let me thank all of our very loyal
shareholders, our strategic partners, old and new, and of course
our very dedicated employees and directors.
“With the gold bid round held by EMRA having just
successfully closed, and our acquisition of such a strong new
partner in MEDAF, the future looks very bright for Aton Resources
and Egypt. Aton never doubted that Egypt would one day be
recognized as a world class exploration destination, which is why
we have stuck to working here for the past 11 years.
“I will keep you up to date as we
progress.”
About Aton Resources Inc. 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 world-class Sukari gold
mine. Aton has identified numerous gold and base metal exploration
targets at Abu Marawat, including the Hamama deposit in the west,
the Abu Marawat deposit in the northeast, and the advanced Rodruin
exploration prospect in the south of the Concession. Two historic
British gold mines are also located on the Concession at Sir Bakis
and Semna. Aton has identified several distinct geological trends
within Abu Marawat, which display potential for the development of
a variety of styles of precious and base metal mineralisation. Abu
Marawat is 447.7 km2 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, as are the international
airports at Hurghada and Luxor. |
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For further information regarding Aton Resources Inc., please visit
us at www.atonresources.com or contact:MARK CAMPBELLPresident and
Chief Executive Officer Tel: +202-27356548 Email:
mcampbell@atonresources.com |
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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. |
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