Aton Provides Exploration Update at Abu Marawat Concession; New Exploration Target Identified
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
FOR IMMEDIATE RELEASE:
ATON PROVIDES EXPLORATION UPDATE AT ABU MARAWAT CONCESSION;
NEW EXPLORATION TARGET IDENTIFIED
Vancouver, April 4 , 2017: Aton Resources Inc. ( AAN: TSX-V) (“Aton” or the “Co mpany") is pleased to
provide investors with an update on the exploration activities currently underway at the Company’s 100%
owned Abu Marawat concession (“Abu Marawat” or the “Concession”), located in the Eastern Desert of
Egypt.
Highlights:
• The Company has completed 12 holes of the originally planned 14 hole, 2,300 metre diamond drill
program at Hamama West (see news release dated February 21, 2017).
• Crone Geophysics have commenced a ground and downhole electromagnetic (EM) survey of the
6-km long prospective horizon (or the hanging wall contact) at Hamama (see Figure 1).
• Utilizing LANDSAT -8 and ASTER regional remote sensing data, 92 spectral targets have been
identified within the 738km2 Abu Marawat.
• Regional target identification program has begun and targets will be ranked, based on field
inspections and remote sensing and spectral data, according to their level of prospectivity.
• Identification program has already generated a n ew exploration target named Waayrah . Field
crews have identified a gossan with extensive secondary zinc and copper mineralization that is up
to 12m thick and exposed over a strike length of at least 450m. (see Figure 2).
Figure 1. 6-km long prospective horizon (or the hanging wall contact) at Hamama
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
“Since announcing the resource estimate for Hamama West this past January, our exploration efforts have
been directed towards resource expansion and the identification of new, high priority exploration
targets,” said Mark Campbell, President and CEO of Aton . “We believe there is tremendous potential to
grow resources at Hamama West and most of the drill holes in this program are designed to do that.
Concurrently, we launched a geophysical program to identify other drilling target s in and around the
Hamama area. Further, on a regional scale, the remote sensing and spectral data are helping us to identify
and zero in on high priority exploration targets. Historically, very little regional exploration work has been
conducted and we believe that our regional target identification program could result in a new, significant
discovery.”
Figure 2. Abu Marawat concession area
Hamama area exploration
The Company has drilled 12 holes of the originally planned 14 hole, 2,300 metre diamond drill program
(see news release dated February 21, 2017). Drilling to date has focused primarily on testing the strike
and down-dip extensions of the mineralization at Hamama West, with the goal of building resources.
Hamama West 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). In
addition, two new trenches were excavated and sampled, in accordance with NI 43 -101, to test
mineralization at the SW extension of Hamama West, which was not included in the mineral resource
estimate.
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
Concurrently, Crone Geophysics have commenced a ground and downhol e electromagnetic (EM) survey
of the 6-km long prospective horizon (or the hanging wall contact) at Hamama (see Figure 1), with the aim
of identifying buried conductive bodies, potentially related to massive sulphide style mineralization .
Downhole EM surveying will be undertaken at Hamama West, Hamama Central, Hamama East, and the
Western Carbonate.
Regional exploration
As part of a regional target identification program, Dr. Michael Brown (Mappa Mundi Surveys) was
contracted in the second half of 2016 to complete a remote sensing and spectral processing survey of Abu
Marawat. Utilizing LANDSAT-8 and ASTER regional remote sensing data, Dr. Brown identified 92 spectral
targets within the 738km2 Abu Marawat. In addition, high resolution multispectral Wor ldView-3 (WV-3)
satellite imagery was acquired during February, 2017, over Hamama and the areas between Abu Marawat,
Miranda, and Semna, which will also aid in identifying regional targets.
Preliminary field inspections of some of the regional targets, including the Sir Bakis, Semna, Abu Garida,
Abu Gaharish, Zeno, Bohlog and Massaghat prospects, have been completed (see Figure 2) and all other
known targets within Abu Marawat will be investigated over the coming weeks. Following the completion
of field ins pections, combined with the remote sensing and spectral data, targets will be ranked and
further investigated according to their level of prospectivity.
The regional exploration program has already generated a new exploration target named Waayrah. Field
crews have identified a gossan with extensive secondary zinc and copper mineralization that is up to 12m
thick and exposed over a strike length of at least 450m. (see Figure 2). In addition, preliminary evaluation
of the WV-3 imagery, covering the area to the east of the Semna Mine and south to the Waayrah prospect,
has led to the discovery of ancient and modern workings in an area not previously investigated. This
further demonstrates the district-scale potential of Abu Marawat.
About the Hamama deposit
The Hamama deposit (“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 mapping indicates that
the prospective horizon (or the hanging wall contact ) may be over 6 -km long. 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. (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.
Qualified Person
The technical information contained in this News Release was prepared by Roderick Cavaney BSc, MSc
(hons), MSc (Mining & Exploration Geology), F AusIMM, SEG, GSA, SME, Vice President, Exploration, of
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
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 or
contact:
Mark Campbell
President and Chief Executive Officer
Tel: +1-936-689-2589
Email: [email protected]
Blaine Monaghan
Vice President, Investor Relations
Tel: +1 (604) 331-5092
Email: [email protected]
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.