Aton Returns 22.2 Metres of 2.77 Grams PER Tonne GOLD Equivalent from Hamama WEST; Visible GOLD Discovered at Bohlog
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
FOR IMMEDIATE RELEASE:
ATON RETURNS 22.2 METRES OF 2.77 GRAMS PER TONNE GOLD EQUIVALENT FROM HAMAMA WEST;
VISIBLE GOLD DISCOVERED AT BOHLOG
Vancouver, April 20, 2017: Aton Resources Inc. (AAN: TSX -V) (“Aton” or the “Co mpany") is pleased to
report the results of the first four drill holes from the recently completed 12 hole diamond drill program,
totaling 1975 metres, at Hamama West (see news release dated February 21, 2017). In addition, the
ongoing regional target identification program has resulted in the discovery of visible gold at Bohlog.
Hamama West and Bohlog are both contained within the Co mpany’s 100% owned Abu Marawat
Concession (“Abu Marawat” or the “Concession”), located in the Eastern Desert of Egypt.
Highlights:
• All four drill holes intersected mineralization ( see Table 1), with drill hole HAD-004 returning 22.2
metres of 2.77 grams per tonne gold equivalent (g/t AuEq) .
• Drill hole HAD-004 is one of the highest-grade and deepest drill holes that Aton has returned from
Hamama West to date (see Figure 1).
• Drill holes HAD-002, 003, and 004 demonstrate and confirm the potential for resource growth at
Hamama West.
• Regional target identification program continues to generate highly prospective e xploration
targets: visible gold discovered at Bohlog.
Table 1: Hamama West drill results
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEq (g/t)* Zn (%)
HAD-001 151.0 158.0 7.0 0.41 36.56 0.93 -
194.0 202.6 8.6 0.14 32.63 0.61 -
HAD-002 87.0 131.9 44.9 0.81 21.64 1.12 0.42
incl. 87.0 118.0 31.0 0.49 16.04 0.72 0.05
incl. 121.0 131.9 10.9 1.90 41.47 2.49 1.57
incl. 127.0 131.0 4.0 3.81 78.18 4.93 4.12
HAD-003 61.0 65.0 4.0 0.07 6.80 0.17 1.37
and 72.0 74.1 2.1 0.04 7.67 0.15 1.05
and 131.0 171.0 40.0 0.96 23.99 1.30 0.13
HAD-004 128.0 131.0 3.0 0.06 5.50 0.14 1.19
and 140.0 143.0 3.0 0.12 12.73 0.31 3.64
and 194.1 200.0 5.9 0.42 15.61 0.64 1.44
and 202.0 224.2 22.2 2.17 41.92 2.77 0.10
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
*Using a 0.5 g/t AuEq cut off. Gold equivalent was calculated using a 70 gold-to-silver ratio and assumes 100%
metallurgical recoveries. Cautionary note: this ratio changes over time.
Hole HAD-001 was designed to test the western extension of the Main Zone (MZ), which strikes under the
Western Boundary Fault . Holes HAD-002, 003, and 004 were planned to test the potential for increasing
sulphide resources on the eastern flank of the MZ at Hamama West. Today’s assay results confirm that
potential and the Company looks forward to receiving th e balance of the assay results from the eastern
flank.
"We’re very pleased with the results from the first four drill holes ," said Mark Campbell, President and
CEO of Aton. " One of the primary goals of this drill program was to demonstrate the potential to grow
resources at Hamama West and today’s results confirm that potential. In addition, I’m very pleased to see
the results that the r egional target identification team is ge nerating. In just a short period of time, they
have identified a new, highly prospective target, Waayrah, and discovered visible gold in quartz veins at
Bohlog in an area that has similar characteristics as Sukari. The presence of visible gold in strongly
hydrothermally altered intrusive rocks makes Bohlog an exciting target that warrants further exploration
work. The mineralization at Bohlog and Massaghat to the northeast, where Aton have previously returned
channel samples assaying up to 470g/t Au (see ne ws release dated August 15, 2012), appear s to be of a
similar nature and this is very exciting in terms of the potential overall size of the target area. It also
demonstrates the large and varied geology within the Abu Marawat Concession and the potential it offers
for new significant discoveries.”
Figure 1: Hamama West long projection
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
Figure 2: Drill hole collar plan
Regional exploration
Bohlog, located approximately 17km northeast of Hamama (see Figure 3), was recently investigated as
part of the Company’s ongoing regional target identification program. Field crews uncovered extensive
ancient mining apparently exploiting high-grade gold quartz veins, within strongly altered intermediate to
felsic intrusive host rocks . Bohlog is compr ised of a number of structures but the two main structures,
Zone 1 and Zone 2, parallel each other and trend in a northeasterly direction. Zone 1, the northern
structure, can be traced through old workings and outcrops for approximately 1.5km while Zone 2, the
southern structure, can be traced for approximately 1.2km.
The main structures appear to be shallow dipping, 20- 60 degrees to the south east, and the quartz veins
are hosted in an intense quartz-sericite-pyrite alteration zone. The iron- stained quartz veins have patches
of iron -oxide boxwork that contain visible gold and supergene lead minerals. Copper staining is also
present. The host rock at Zone 1 and the south west end of Zone 2 is phyllic altered quartz diorite or
granodiorite. Kaolinite -argillic alteration is also widespread, particularly around Zone 2. The nature and
the composition of the alteration suggests that the mineralization is related to an intrusion driven
hydrothermal system. Furthermore, there appear s to be strong structural control s on the mineralization.
Field crews have taken channel samples from Bohlog, primarily from Zones 1 and 2, and assay results are
expected in May.
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
Figure 3: Abu Marawat C oncession area
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.
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). 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 t hree historic gold mines. Abu
Marawat is over 738km 2 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
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.