FOR IMM EDI ATE RELE AS E Aton drills further wide zones of oxide mineralisation at Rodruin , returning 1.72 g/t gold and 11.5 g/t silver over 75.2m from surface
FOR IMM EDI ATE RELE AS E
Aton drills further wide zones of oxide mineralisation at
Rodruin , returning 1.72 g/t gold and 11.5 g/t silver over
75.2m from surface
Vancouver, June 13, 2022: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is pleased to update
investors on the latest results from the Phase 2 diamond drilling programme at its advanced Rodruin gold
exploration project, located in the Company’s 100% owned Abu Marawat Concession (“Abu Marawat” or the
“Concession”), in the Eastern Desert of Egypt.
Highlights:
Drill holes ROD-076 and ROD-077 were drilled to twin RC percussion holes from the 2018 RC drilling
programme, and holes ROD-078 and ROD-079 were drilled to test the Central Buttress Zone;
Both the twin holes ROD-076 and ROD-077 showed good correlation with the original RC holes, with
ROD-077 returning a mineralised intersection from surface grading 1.79 g/t Au and 3.7 g/t Ag over
a 30.6m interval, from surface;
Holes ROD-078 and ROD -079 were drilled from the same collar position and both returned wide
intersections of oxide mineralisation starting from surface . Hole ROD -079 returned 1.72 g/t Au and
11.5 g/t Ag over 75.2m, and ROD-078 returned 1.28 g/t Au and 6.9 g/t Ag over 46.2m;
These 4 latest drill holes continue to demonstrate the presence of oxide gold-silver mineralisation at
Rodruin, starting from surface, which will be readily amenable to open pit mining.
“We are very pleased to be able to release these latest excellent drilling results from Rodruin while we are
back here in Canada for the PDAC conference. We welcome the opportunity to discuss our progress at Rodruin
while we are here with any interested parties, as well as the ongoing work at Hamama West, and our plans for
the development of the Abu Marawat Concession, which surely remains one of the most attractive as well as
certainly the most advanced gold exploration project in Egypt. We are also highly encouraged that the Ministry
of Petroleum and EM RA are hosting a conference in July to further advance the process of mining reform in
Egypt, as it looks to incentivise and encourage foreign investment into the country” said Tonno Vahk, Interim
CEO. “These latest drill results again continue to show the presence of quite substantial volumes of gold
mineralisation at very respectable grades outcropping at surface at Rodruin, and we are ve ry focu sed on
drilling out the near surface mineralisation in the current programme, as we look to move forwards as qui ckly
as possible to the establishment of the maiden mineral resource. We continue to be excited about the early
oxide potential at Rodruin, as well as the longer term development of the sulphide mineralisation, and at the
same time we continue to push ahead at Hamama. Exciting and busy times for Aton!”
Rodruin diamond drilling programme
The Rodruin prospect was discovered in December 2017 by Aton geologists (see news release dated
December 14, 2017), and is located approximately 18km east of the Company’s Hamama West mineral
deposit (Figure 1). During 2018 Aton constructed a c. 4.5km access road to the prospect, and undertook a
highly successful 50 hole Phase 1 reverse circulation percussion (“RC”) drilling programme, which returned
numerous mineralised intersections including 36m grading 12.47 g/t Au and 9.3 g/t Ag, from 5m down hole
depth (hole ROP-003, see news release dated October 1, 2018).
Figure 1: Geology plan of the Abu Marawat Concession showing the location of the Rodruin project
The ongoing Phase 2 diamond drilling programme at Rodruin commenced in late November 2021, and oxide
zone results reported to date include 88.25m grading 1.74 g/t Au and 9.7 g/t Ag, from 25.75m (hole ROD-055,
see news release dated March 1, 2022), and 129.5m grading 1.00 g/t Au and 8.8 g/t Ag, over the entire length
of hole ROD-056 from its collar (see news release dated March 7, 2022). Recent drill testing of deeper sulphide
mineralisation has returned intersections including 88.6m grading 5.76 g/t Au, 42.0 g/t Ag, 0.31% Cu and
2.40% Zn (hole ROD-071, see news release dated May 10, 2022), and 36.9m grading 7.04 g/t Au, 47.2 g/t Ag,
0.63% Cu and 7.18% Zn (ROD-075, see news release dated June 1, 2022).
Discussion of results
The current diamond drilling programme has been designed with the specific objective of delineating and
establishing a maiden mineral resource estimate (“MRE”) at Rodruin. Holes ROD-076 and ROD-077 (Table 1
and Figure 2) were drilled specifically on the request of Cube Consulting, who Aton have engaged to estimate
the maiden MRE, as part of a programme of twinning holes from the Phase 1 RC drilling programme. The
drilling programme has been designed with the objective of including as much of the near surface oxide
material within the maiden MRE at as early a stage as possible, and both holes ROD-078 and ROD-079 were
drilled from a position on the eastern side of the Central Buttress Zone (“CBZ”) to test mineralisation in this
area (Table 1, and Figures 2 and 3). Collar details of the holes are provided in Table 1.
Figure 2: Drill hole collar location plan, showing holes ROD-076 to ROD-079
Figure 3: Drill rig set up on hole ROD-078; the ROD-077 pad is behind, below and to the left of the drill rig
Hole ID
Collar co-ordinates 1
Dip 2 Grid
azimuth 2
EOH
depth (m) Comments
X Y Z
ROD-076 552620.3 2912919.1 802.6 -89.5 177.4 65.90 CBZ (RC twin hole)
ROD-077 552794.5 2912782.8 742.4 -89.8 170.1 41.10 GFZ (RC twin hole)
ROD-078 552679.7 2912863.4 783.9 -80.1 352.0 48.60 CBZ
ROD-079 552679.6 2912864.4 783.9 -54.4 349.4 77.50 CBZ
Notes:
1) Collar co-ordinates surveyed by total station
2) Collar surveys of drill holes undertaken at c. 5-6m depth, using Reflex EZ-Trac survey tool
3) All co-ordinates are UTM (WGS84) Zone 36R
Table 1: Collar details of diamond drill holes ROD-076 to ROD-079
Hole ID
Intersection (m) 1 Au
(g/t)
Ag
(g/t)
Cu
(%)
Pb
(%)
Zn
(%) Comments
From To Interval
ROD-076 18.30 57.55 39.25 0.50 3.8 0.01 0.01 0.28 CBZ - twin of RC hole
ROP-031 (includes 2.4m
of voids/cavities) incl. 18.30 28.85 10.55 0.94 3.2 0.03 0.02 0.55
ROD-077 0.00 30.60 30.60 1.79 3.7 0.00 0.00 0.11 GFZ - twin of RC holes
ROP-036/037
incl. 6.00 30.60 24.60 2.16 4.0 0.00 0.00 0.13
ROD-078 0.00 46.20 46.20 1.28 6.9 0.03 0.03 0.36 CBZ - includes 3.3m of
voids/cavities
incl. 0.00 21.97 21.97 2.00 6.6 0.03 0.02 0.35
incl. 40.84 46.20 5.36 1.44 6.6 0.01 0.00 0.27
ROD-079 0.00 75.20 75.20 1.72 11.5 0.02 0.01 0.25 CBZ
Notes:
1) Intersections calculated at a nominal cutoff grade of 0.3 g/t Au in runs of continuous mineralisation
2) Zones of poor (or no) recovery through ancient mining voids/workings were not sampled, and allocated zero grade
Table 2: Mineralised intersections from diamond drill holes ROD-076 to ROD-079
ROD-076
Hole ROD-076 was drilled vertically on the CBZ and twinned RC hole ROP-031, which returned an intersection
of 40m grading 0.64 g/t Au and 3.6 g/t Ag from 11m downhole depth, as well as intersecting voids and cavities
between 17-22m. The new hole ROD-076 returned an intersection of 39.25 m grading 0.50 g/t Au and 3.8 g/t
Ag from 18.3m downhole depth (Table 2), as well as intersecting voids and cavities between 19.4 -21.4m,
interpreted as being ancient mine workings.
The results confirm the mineralisation in the RC hole ROP-031, but the gold grade in the twin diamond hole is
slightly lower. The differing depth of the intersections is due to the proximity of the collars of the 2 holes to a
steep contact between unmineralised oxidised slates and sediments, and the gossanous carbonate unit which
hosts the mineralisation in these holes. The mineralisation in hole ROD-076 was terminated by the underlying
South Ridge Thrust.
ROD-077
Hole ROD-077 was drilled vertically on the GF Zone (“GFZ”) and twinned RC holes ROP-036 and ROP-037,
which returned a composite intersection of 29 m grading 1.59 g/t Au and 4.4 g/t Ag from surface. Hole ROP-
036 was abandoned at 15m, and was then re-drilled as hole ROP-037. The new twin diamond hole ROD-077
returned an intersection of 30.6m grading 1.79 g/t Au and 3.7 g/t Ag from surface (Table 2).
The results again confirm the mineralisation in the RC holes ROD-036 and ROP-037, but in this case the gold
grade in the twin diamond hole was approximately 13% higher , compared to the RC hole(s) . In both holes
ROD-076 and ROD -077 the intersections were of virtually the same length, and of broadly similar grades,
which would suggest that there is no downhole contamination issue with the RC holes.
ROD-078 and ROD-079
Holes ROD-078 and ROD-079 were drilled from the eastern margin of the CBZ carbonate to fill in gaps in the
drilling pattern, and to follow up on broad zones of oxide mineralisation in the area identified from surface
channel sampling (sample profile ROC-031, which returned a mineralised interval of 127m grading 1.33 g/t Au
and 7.3 g/t Ag, see news release dated November 3, 2021), and at shallow depth (drill hole ROD -056, which
returned an intersection of 129.5m grading 1.00 g/t Au and 8.8 g/t Ag, see news release dated March 7, 2022).
Hole ROD-078 was drilled at a sub-vertical angle, and ROD-079 was shallower (Table 1).
Both holes were mineralised from surface, all the way down to their basal contact with the South Ridge Thrust
which truncates the oxide mineralisation at depth, returning intersections of 1.72 g/t Au and 11.5 g/t Ag over
75.2m (hole ROD-079), and 1.28 g/t Au and 6.9 g/t Ag over 46.2m (hole ROD-078). These 2 holes indicate
the presence of a block of consistently mineralised rock, approximately 45 -50m thick extending all the way to
surface in this area.
Discussion
The first 2 twin holes (ROD-076 and ROD-077) are encouraging in that they broadly confirm the results from
the holes they were designed to twin from the 2018 RC drill programme. The results will be assessed by Cube
Consulting, Aton’s independent mineral resource consultants, but the se initial RC /diamond twin holes do
suggest that the RC drilling results will be acceptable for inclusion within the maiden MRE.
3 of these new drill holes (ROD -077 to ROD -079) again indicated the presence of consistent mineralisation
starting at surface at both the CBZ and the GFZ. The drilling continues to indicate the presence of very
significant blocks of gold -silver mineralisation that outcrop at surface over large area s of the South Ridge at
Rodruin, at the CBZ and GFZ zones, as well as at the Aladdin’s Hill area (see news releases dated January
25, 2022 and March 1, 2022). These wide zone s of consistent mineralisation, which outcrop at surface are
expected to be amenable to non -selective open pit mining techniques, with very low strip ping ratios. The
Company continues to focus on drilling out this near-surface mineralisation in the current diamond programme,
as it looks to move forwards as quickly as possible to the establishment of the maiden MRE at Rodruin.
Sample processing and analytical procedures
Drill core was logged by Aton geologists, and marked up for cutting and sampling at the Rodruin core farm.
Samples were typically selected over nominal 1m intervals, but as determined by the logged lithologies. The
core was half-cut by Aton staff at the onsite Rodruin sample preparation facility.
The split half-core samples were collected and bagged up in cloth bags, weighed and crushed to -4mm onsite,
and split to a nominal c. 250-500g sample size. The coarse crushed reject samples are retained onsi te at the
Rodruin sample prep facility.
QAQC samples are inserted at a rate of approximately 1 certified reference material (or “standard” sample)
every 30 samples, 1 blank sample every 15 samples, and 1 duplicate split sample every 15 samples.
The c. 250-500g dried, crushed and split samples were shipped to ALS Minerals sample preparation laboratory
at Marsa Alam, Egypt where they were pulverised to a size fraction of better than 85% passing 75 microns .
From this pulverised material a further sub-sample was split off with a nominal c. 50g size, which was shipped
on to ALS Minerals at Rosia Montana, Romania for analysis.
Samples were analysed for gold by fire assay with an atomic absorption spectroscopy (“AAS”) finish (analytical
code Au-AA23), and for sil ver, copper, lead and zinc using an aqua regia digest followed by an AAS finish
(analytical code AA45). Any high grade gold samples (>10 g/t Au) were re-analysed using analytical code Au-
GRA21 (also fire assay, but with a g ravimetric finish). Any high grade Ag and base metal samples (Ag >100
g/t, and Cu, Pb and Zn >10,000ppm or >1%) were re -analysed using the ore grade technique AA46 (also an
aqua regia digest followed by an AAS finish).
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 M arawat, 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 km 2 in size and is located in an area of exce llent
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:
TONNO VAHK
Interim CEO
Tel: +1 604 318 0390
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 r esults
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.