Drilling Underway to Increase Resources and to Test New Exploration Targets
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
FOR IMMEDIATE RELEASE:
DRILLING UNDERWAY TO INCREASE RESOURCES AND TO TEST NEW EXPLORATION TARGETS
Vancouver, February 21, 2017: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is pleased to
announce that a diamond drill program is underway at the Company’s Hamama deposit (“Hamama”). The
drill program will look to increase sulphide resources at Hamama West, one of three contiguous zones at
Hamama, and will also test a new exploration target, the Western Carbonate Zone. Hamama is situated
within Aton’s Abu Marawat c oncession (“Abu Marawat” or the “Concession”), located in the Eastern
Desert of Egypt.
Highlights:
• The Company has contracted Capital Drilling Limited to drill approximately 2,300 metres in 14
holes at Hamama West and the Western Carbonate Zone (see Figure 1 for the proposed drill hole
location plan).
• Aton plans to drill approximately 1,5 00 metres in nine holes at Hamama West, which 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 Company plans to drill approximately 800 m etres in five holes at the Western Carbonate
Zone, a new target area located approximately 400 metres west-southwest from the western
edge of Hamama West.
Figure 1: Proposed drill hole location plan
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
At Hamama West there is good potential to increase sulphide resource s by targeting the western
extension of the Main Zone ( “MZ”), which strikes under the Western Boundary Fault (“WBF”). Earlier
drilling by Aton proved that the MZ continued beneath the WBF and that it may increase at depth. Drill
hole AHA-062 encountered three distinct zones of mineralization toward the upper contact of the MZ,
including 8.37 metres conta ining 1.72 g/t Au & 29.3 g/t Ag (see Figure 2 and the news release dated
September 26, 2016). In addition, there is excellent potential to increase sulphide resources on the
eastern flank of the MZ at Hamama West, which has not been tested to depth.
Figure 2: Hole AHA-062 Cross Section
The Western Carbonate Zone, located approximately 400 metres west-south west of Hamama West (see
Figure 1), has never been drilled before and represents an exce llent opportunity for Aton to potentially
expand the footprint of mineralization in the Hamama area. Carbonate in this area has been mapped as
having a potential surface thickness of approximately 100 metres. The drill program has been planned to
intersect the interpreted position of the potentially mineralized carbonate horizon target at depths of
approximately 50 metres and 100 metres below surface.
“The drill program has been designed to accomplish two things,” said Rick Cavaney, Aton’s Vice President,
Exploration. “The first thing we want to accomplish is to increase sulphide resources at Hamama West .
We believe that we can accomplish this by drilling some deeper holes on the eastern flank of the M ain
Zone and by testing the western extension of Main Zone, where it strikes under the Western Boundary
Fault. The second thing we set out to accomplish i s to increase the potential size of the m ineralized
footprint in the Hamama area and the Western Carbonate Zone represents an excellent opportunity to
do just that.”
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
"We are excited to restart drilling at Hamama," said Mark Campbell, President and CEO of Aton. "We were
very happy with the results from last year's drilling campaign, which contributed to a robust maiden
resource estimate for Hamama West, and believe that this drill program will help us to outline additional
gold resources."
In addition to the diamond drilling program , Aton has completed a 240km2 WorldView -3 multispectral
survey over the Hamama and Abu Marawat gold deposit areas. Further, Aton has been notified that Crone
Geophysics and Exploration Ltd.’s equipment is in country. The Company expects the geophysical program
to start within the next month. The geophysical program will consist of ground magnetic, ground EM and
downhole EM geophysic al surveys, w ith the primary goal of delineating new geophysical targets, and
improving the geological understanding of the mineralized horizon at Hamama. A geophysical program
will also be conducted over an 8-km long hydrothermally altered and mineralized zone between the Abu
Marawat gold deposit and Miranda.
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 remains open to the
west and the east. Mapping indicates that the horizon may extend another 1.8-kms to the east. Further
exploration work will be conducted to confirm this. 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, 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 Hamama and Abu Marawat, the trend contains numerous
gold exploration targets, including two 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
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.at onresources.com or
contact:
Mark Campbell
President and Chief Executive Officer
Tel: +1-936-689-2589
Email: [email protected]
Blaine Monaghan
Vice President, Investor Relations
Address: 1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: 604-331-5092 Web: www.atonresources.com
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 d iffer 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.