FOR I MMEDI ATE RE LEASE Aton makes formal ap plication f or an exp loitation lease at H amama
FOR I MMEDI ATE RE LEASE
Aton makes formal ap plication f or an exp loitation
lease at H amama
Vancouver November 12, 2019: Aton Resources Inc. (AAN: TSX -V) (“Aton” or the “Company") is pleased to
announce that, in accordance with its Abu Marawat Concession Agreement, between Aton and the Egyptian
Government, the Company has submitted its application for an exploitation lease at Hamama and this is being
processed by the relevant authorities, including the Egyptian Mineral Resources Authority and The Ministry of
Petroleum. This is a formal process mandated by the existing Egyptian legal and regulatory regime as part of
maintaining the Company’s rights to explore and develop deposits on the Concession.
“The formal application for an exploitation lease at Hamama is yet another milestone achiev ed by Aton.” said
Mark Campbell, President and CEO. “Over the past seven years, including 3 years of Force Majeure during
the turbulent period, we have been working at Hamama and made s teady progress in exploring and
expanding the Hamama Deposit. This application is the first time we have been able to take the next steps in
Egypt, securing our ability to c ontinue our exploration work at our main exploration target at Rodruin and
the other 15 targets, including Abu Gah arish, Sir Bakis, Semna and the new Safaga South discovery,
and the continued development of the Hamama Deposit. In addition, the Ministry of Petroleum and Mineral
Resources and Wood Mackenz ie’s work on reforming the mining law to make Egypt one of the most
attractive exploration investment destinations, will not only benefit Aton, but Egypt and her people, for
generations to come.”
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. T hree historic
British mines are also located on the Concession at Sir
Bakis, Semna and Abu Garida. 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 over 596 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.
Qualified person
The technical information contained in this News Release
was prepared by Javier Orduña BSc (hons), MSc, MCSM,
DIC, MAIG, SEG(M), Exploration Manager of Aton
Resources Inc. Mr. Orduña 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: +202-27356548
Email: [email protected]
Note Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-lookin g 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.