FOR IMMEDIAT E RELEASE Aton reports final results from the Abu Marawat diamond drill programme , including 39.55 g/t gold and 161 g/t silver over 3.90 metres from the JVZ structure , and 9.63 g/t gold and 86.5 g/t silver over 17.70 metres from the CVZ
FOR IMMEDIAT E RELEASE
Aton reports final results from the Abu Marawat diamond
drill programme , including 39.55 g/t gold and 161 g/t silver
over 3.90 metres from the JVZ structure , and 9.63 g/t gold
and 86.5 g/t silver over 17.70 metres from the CVZ
Vancouver, October 2, 2025: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") updates investors
on the final results from its diamond drilling programme at the Abu Marawat deposit (“Abu Marawat”), located
within the retained exploration areas of the Company’s Abu Marawat Concession (the “Concession”) in the
Eastern Desert of Egypt.
Highlights:
• The results from the final 19 holes of the 2024-25 diamond drilling programme at Abu Marawat, AMD-
196 to AMD-213, and a re-entry of hole AMD -102, are now available . Further significant high grade
polymetallic mineralised intersections were returned, including the following:
• 39.55 g/t Au, 161 g/t Ag, 41.35 g/t AuEq, 0.70% Cu and 2.03% Zn over a 3.90m interval from
the JVZ structure, from 72.00m downhole depth (hole AMD-201);
• 9.63 g/t Au, 86.5 g/t Ag, 10.59 g/t AuEq, 1.58% Cu and 1.40% Zn over a 17.70m interval from
the Central Vein zone (“CVZ”), from 17.70m downhole depth (hole AMD-209);
• 5.61 g/t Au, 79.0 g/t Ag, 6.49 g/t AuEq, 2.54% Cu and 0.37% Zn over a 16.90m interval from
the CVZ, from 26.50m downhole depth (hole AMD-212);
• 9.84 g/t Au, 311 g/t Ag, 13.30 g/t AuEq, 0.69% Cu and 8.55% Zn over a 2.60m interval from
the Fin Vein, from 63.50m downhole depth (hole AMD-205);
• 5.35 g/t Au, 131 g/t Ag, 6.80 g/t AuEq, 0.51% Cu and 6.38% Zn over a 3.80m interval from the
Fin Vein, from 79.30m downhole depth (hole AMD-204); and
• 8.18 g/t Au, 91.8 g/t Ag, 9.20 g/t AuEq, 0.51% Cu and 1.09% Zn over a 2.40m interval from the
JVZ structure, from 68.30m downhole depth (hole AMD-200).
“This is yet another series of exceedingly positive drill results from the Abu Marawat deposit, in our retained
exploration areas” said Tonno Vahk, CEO. “We continue to push ahead on the ground with metallurgical and
geotechnical diamond drilling currently ongoing at Hamama in relation to the Hamama West PFS. We are also
back RC drilling at Abu Marawat, and have completed the first of 2 planned biodiversity surveys over the
Concession, as part of the establishment of the environmental baseline for the ESIA which will cover the entire
Abu Marawat Concession . We also have a programme of metallurgical testwork ongoing in the UK on bulk
samples from the Abu Marawat deposit, so we continue to push ahead on all aspects of the PFS being
conducted by Wardell Armstrong International, now part of the SLR Consulting group (“ SLR”). We are also
progressing our discussions with the Egyptian Mineral Resources and Mining Industries Authority (“MRMIA”),
formerly the Egyptian Mineral Resources Authority , and the Ministry of Petroleum and Mineral Resources
(“MoP”), as we intend to include the Abu Marawat and Semna deposits in the PFS, and we look forward to
positively concluding these discussions in the near future. We continue to work towards the goal of establishing
multiple gold- silver mining operations at the Abu Marawat Concession, and to generating real value for Aton’s
shareholders and stakeholders, our partners at MRMIA and MoP, and for the people of Egypt. ”
Abu Marawat gold-silver-copper-zinc deposit
The Abu Marawat gold-silver-copper-zinc deposit is located approximately 35km northeast of the Hamama
West deposit and 10km north-northeast of the Semna gold mine project, and is accessed via a well maintained
desert track from the Qena-Safaga highway, approximately 25km to the north (Figure 1). On March 1, 2012
Aton Resources, when formerly named Alexander Nubia International Inc , announced a maiden Inferred
Mineral R esource at Abu Marawat, prepared by Roscoe Postle Associates Inc. , in compliance with the
requirements set out in Canada’s National Instrument 43 ‐101. The resource was subsequently restated in an
updated Technical Report without amendment (see news release dated January 24 , 201 7), and which is
available online at Aton’s website at https://atonresources.com/investors/reports-and-presentations. This
Inferred Mineral Resource was based on 98 diamond drill holes totalling 19,573 metres. 19 of these holes were
drilled by a former property owner, Minex Minerals Egypt, a wholly owned subsidiary of Greenwich Resources
Plc during the late 1980’s, and the remainder were drilled by Aton in 2011. The Inferred Mineral Resource
comprises 2.9 million tonnes at an average grade of 1.75 g/t Au, 29.3 g/t Ag, 0.77% Cu and 1.15% Zn ,
containing 162 thousand ounces of gold, 2.7 million ounces of silver, 49 million lbs of copper, and 73 million
lbs of zinc, and was based on net smelter return (“NSR”) cut‐off grades.
Figure 1: Geology plan of the Abu Marawat Concession, showing the location of the Abu Marawat deposit
The polymetallic mineralisation at Abu Marawat is interpreted as being mesothermal in origin, and occurs in a
series of discrete and roughly parallel N-S to NNW-SSE trending veins and structures, of which the Fin Vein
and the CVZ are the most significant, hosted within a sequence of intensely hydrothermally altered, felsic
metavolcanic rocks (Figure 2). The Fin Vein and the CVZ are about 50-100m apart and have been traced for
at least 800m in surface outcrop and drill holes. Aton’s previous drilling has demonstrated that these structures
extend to at least 200m in depth. The bulk of the Inferred Mineral Resource at the Abu Marawat deposit
encompasses parts of the CVZ and the Fin Vein, but there are also other subparallel mineralised veins to the
east and to the west of the se structures, such as the J Vein, the JVZ structure, and the Valley Vein zone
(Figure 2).
Figure 2: Geology plan of the Abu Marawat area, showing the location of Aton drill holes
The mineralisation at Abu Marawat comprises a series of steep to near vertical finely brecciated quartz-
carbonate-sulphide “veins”. At surface the Fin Vein and the CVZ are expressed by quartz -rich gossans, and
all the larger structures display development of intense wallrock alteration in outcrop. Several of the veins,
notably the CVZ, were mined at surface in ancient times, apparently primarily for copper. The mineralised
system at Abu Marawat currently remains open both laterally and at depth.
Further to the north, the Abu Marawat deposit appears to be truncated by a large W NW-ESE trending fault
postulated to run beneath wadi sediments. To the east a prominent ridge composed of altered ultramafic rocks
is thought to represent a significant geological terrane boundary (Figure 2).
Figure 3: Geology and drill hole collar plan of holes AMD-196 to AMD-213
Abu Marawat diamond drilling programme
The diamond drill programme started in June 2024, and has now been completed with 113 holes (holes AMD-
101 to AMD-213) drilled for a total of 9,642.7 metres. During the programme holes have predominantly been
drilled horizontally or at shallow angles to test previously undrilled near-surface mineralisation.
Assay results are now available for the final 18 holes, AMD-196 to AMD-213, as well as from a re-entry of hole
AMD-102. The collar details of these holes are provided in Appendix A. The holes were drilled to test a number
of structures including the CVZ, the Fin Vein, as well as the J Vein and the JVZ structures . 5 of the h oles
(AMD-206 to AMD-210) were drilled on the CVZ and the Fin Vein, specifically for the collection of whole PQ 3
core sized samples for comminution testwork.
Discussion of results
All intersection details from holes AMD-102, and AMD-196 to AMD -213 are provided in Appendix B, with
selected intersections shown below in Table 1.
Hole ID
Intersection (m) Au
(g/t)
Ag
(g/t)
AuEq
(g/t) 1
Cu
(%)
Pb
(%)
Zn
(%) Comments
From To Interval
AMD-102 162.90 167.90 5.00 3.20 105 4.37 0.50 0.35 3.87 Fin Vein (re-entry)
AMD-200 68.30 70.70 2.40 8.18 91.8 9.20 0.51 0.05 1.09 JVZ structure
AMD-201 72.00 75.90 3.90 39.55 161 41.35 0.70 0.03 2.03 JVZ structure
AMD-204 79.30 83.10 3.80 5.35 131 6.80 0.51 0.35 6.38 Fin Vein
AMD-205 63.50 66.10 2.60 9.84 311 13.30 0.69 0.93 8.55 Fin Vein
AMD-209 17.70 35.40 17.70 9.63 86.5 10.59 1.58 0.00 1.40 CVZ met sample hole
AMD-210 58.65 74.90 16.25 2.35 36.6 2.76 0.22 0.05 0.97 CVZ met sample hole
AMD-212 26.50 43.40 16.90 5.61 79.0 6.49 2.54 0.01 0.37 CVZ
Notes:
1) Gold equivalent calculated using Au and Ag only, with a Au:Ag ratio of 90
Table 1: Selected intersections from the Abu Marawat diamond drilling programme,
holes AMD-102 (re-entry) and AMD-196 to AMD-213
The final tranche of holes from the diamond drilling programme were designed to test a number of targets, and
also to collect whole PQ3 sized core samples for comminution and metallurgical testwork. Holes AMD-196 to
AMD-202 were drilled from the western side of the deposit to test the J Vein, the JVZ structure and in some
cases also the Fin Vein. Holes AMD-102 (a re-entry of an early hole in the programme), and AMD-203 to AMD-
205 were drilled primari ly to test the Fin Vein. Holes AMD -206 and AMD -210 were drilled with the specific
objective of collecting samples for metallurgical testing, and the final 3 holes of the programme AMD -211 to
AMD-213 were drilled at steeper angles and were designed specifically to be twinned by RC holes to be drilled
later.
Holes AMD-196 to AMD -202 all continued to intersect sporadic, narrow zones of mineralisation associated
with the J Vein and the JVZ structure, as defined earlier in the diamond drilling programme (see news releases
dated November 7, 2024 and March 11, 2025). 2 of the holes did intersect significant high grade mineralisation
on the JVZ structure, however, returning mineralised intersections of 39.55 g/t Au, 161 g/t Ag, 41.35 g/t AuEq,
0.70% Cu and 2.03% Zn over a 3.90m interval , from 72.0m downhole depth (ho le AMD-201) and 8.18 g/t
Au, 91.8 g/t Ag, 9.20 g/t AuEq, 0.51% Cu and 1.09% Zn over a 2.40m interval, from 68.3m downhole depth
(hole AMD-200). These results illustrate the potential for incremental high grade mineralisation on the JVZ
structure, away from the 2 main zones at Abu Marawat, the CVZ and the Fin Vein, as well as on the J Vein
which has also returned an intersection of 44.59 g/t Au and 103 g/t Ag over a 1.60m interval (see news
release dated July 9, 2025).
The drilling returned further high grade polymetallic gold-silver-copper-zinc intersections from the southern
part of the Fin Vein at reasonable mineable widths including 9.84 g/t Au, 311 g/t Ag, 13.30 g/t AuEq, 0.69%
Cu and 8.55% Zn over a 2.60m interval, from 63.5m downhole depth (hole AMD-205), and 5.35 g/t Au, 131
g/t Ag, 6.80 g/t AuEq, 0.51% Cu and 6.38% Zn over a 3.80m interval , from 79.3m downhole depth (hole
AMD-204), which are in line with results from the previous Fin Vein drilling completed earlier in the programme
(see news release dated November 7, 2024). Hole AMD-213 intersected low grade mineralisation on the Fin
Vein where it appears to be pinching out at its southern end.
Several holes returned wide intersections of gold-silver-copper-zinc mineralisation from the CVZ, including the
2 holes drilled specifically for the collection of metallurgical samples, AMD -209 and AMD -210. These
intersections included 9.63 g/t Au, 86.5 g/t Ag, 10.59 g/t AuEq, 1.58% Cu and 1.40% Zn over a 17.70m
interval, from 17.7m downhole depth (hole AMD -209); 5.61 g/t Au, 79.0 g/t Ag, 6.49 g/t AuEq, 2.54% Cu
and 0.37% Zn over a 16.90m interval , from 26.5m downhole depth (hole AMD -212), and 2.35 g/t Au, 36.6
g/t Ag, 2.76 g/t AuEq, 0.22% Cu and 0.97% Zn over a 16.25m interval, from 58.65m downhole depth (hole
AMD-210).
Approximately 6m of whole PQ3 sized core was removed in its entirety from the mineralised zones of both of
the CVZ metallurgical sampling holes, AMD-209 and AMD-210, and dispatched to SLR’s metallurgical testwork
laboratory as 2 separate bulk samples for comminution testwork. The head assay grades reported by SLR for
the 2 bulk samples were allocated to these sampled intervals (Table 2). The remainder of the mineralised
sample intervals were sampled according to standard sampling procedures. These head assay grades were
combined with the standard geochemical analyses in the calculation of the mineralised intervals for holes
AMD-209 and AMD-210.
The entire mineralised sections of the Fin Vein were removed from hole s AMD-206 and AMD-208, and were
combined into a single bulk sample, and dispatched to the laboratory, so no intersections can be reported for
these 2 holes. Details and head assays of the comminution test bulk samples are reported in Table 2 below ,
for reference.
Sample ID Comminution
sample type Hole ID Sampled
intervals (m)
Head assays
Au (g/t) Ag (g/t) Cu (%) Zn (%)
AM-MET01 Fin Vein oxide
AMD-206 39.9 - 43.4
11.48 184 0.63 5.80
AMD-208 14.1 - 17.2
AM-MET02 CVZ oxide AMD-209
19.6 - 22.1
15.10 105 1.82 0.83 24.1 - 25.4
29.3 - 31.4
AM-MET03 CVZ sulphide AMD-210
58.65 - 60.9
1.61 42 0.38 1.56
63.8 - 65.6
69.8 - 70.9
76.5 - 77.6
Table 2: Details of the head assay grades of the whole core comminution test samples
The Fin Vein was not present in hole AMD-207, and this hole was not sampled. The Fin Vein is interpreted as
having been faulted out in this location.
Activity Update
• The Company is looking forward to soon concluding its discussions with its JV partners MRMIA and MoP,
with regards to the proposed changes to the Hamama West Pre-Feasibility Study (see news release dated
May 20, 2025 ). The Company intends to change the focus from the originally envisaged heap leach
processing route, to a modular CIL processing route to also allow for the sequenced processing of
mineralisation from the Semna and Abu Marawat deposits.
• The Company has engaged SLR to undertake a programme of metallurgical testwork on the different Abu
Marawat mineralisation types (see news release dated May 20, 2025), consisting of head assays,
comminution testing, gold and silver leach testwork, and flotation and SART (sulphidisation, acidification,
recycling and thickening) testwork on both the oxide and sulphide mineralisation . The samples were
delivered to SLR’s lab in Cornwall, UK in mid -July 2025, and the testwork programme is progressing on
schedule.
• A c. 5,000 metre programme of RC drilling programme was commenced at Abu Marawat in late July 2025,
and is expected to be completed in October 2025 . The Company expects to be able to release the first
results of this programme in the coming weeks , as well as the final results from the phase 3 RC drilling
programme at Semna.
• A short programme of diamond drilling is currently underway at Hamama, designed primarily for the
collection of metallurgical samples for a new programme of metallurgical testwork that is being planned
for the Hamama deposit. The programme also included a series of 10 geotechnical holes , drilled for pit
wall stability assessment at Hamama West and the Crocs Nose zone. Approximately 115 drill core
samples from this programme have been collected and sent to Fugro SAE in Cairo for a programme of
geotechnical laboratory testing.
• Environmental monitoring programmes for the Environmental and Social Impact Assessment (“ESIA”),
which has been expanded to cover the entire Abu Marawat Concession are ongoing. A Concession-wide
biodiversity survey was recently undertaken by GreenPlus Environmental Solutions Co., a local Cairo -
based environmental consultancy, who have been engaged to undertake fieldwork at the Concession,
under the supervision of SLR, who are managing the ESIA.
Sampling and analytical procedures
The Abu Marawat diamond drill holes were drilled at a combination of either HQ3 size (61.1mm diameter)
and/or PQ3 size (83mm diameter). Core was loaded into metal core boxes by the drill crew under supervision
of Aton geologists. The core was metre marked onsite at the Abu Marawat camp , with basic geotechnical
measurements (total core recovery, solid core recovery, and rock quality designation) undertaken by Aton
geologists, as well as specific gravity measurements . It was also photographed in both wet and dry states at
Abu Marawat. The core was then carefully packed and transported to the Rodruin exploration camp, where it
was geologically logged by senior 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 prepa ration facility. After the core had been
cut, the relevant cut intervals were then photographed again.
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. 500-1,000g sample size. The coarse crushed reject samples are retained onsite at
the Rodruin sample preparation facility.
QAQC samples were inserted into the sample runs 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 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. 100g size, which was shipped on to
ALS Minerals at Rosia Montana, Romania for geochemical analysis. The reject pulp material was returned to
the sample preparation facility at Rodruin, where it is also retained onsite
The samples were analysed for gold by fire assay (30g charge) with an atomic absorption spectroscopy (“AAS”)
finish (analytical code Au-AA23). Any high grade gold samples (>10 g/t Au) were re-analysed using analytical
code Au-GRA21 (also fire assay, 30g charge, with a gravimetric finish).
Samples were also analysed for silver , copper, lead and zinc using an aqua regia digest followed by an AAS
finish (analytical code AA45). Any high grade silver and base metal samples (Ag >100 g/t, and Cu , Pb or 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 (“the Concession”), located
in Egypt’s Arabian -Nubian Shield, approximately 200 km north of AngloGold Ashanti’s world-class Sukari gold mine.
Aton has identified numerous gold and base metal exploration targets at the Concession, including the Hamama deposit
in the west, the Abu Marawat deposit in the northeast, and the Rodruin deposit in the south of the Concession. Two
historic British gold mines are also located on the Concession at Semna and Sir Bakis. Aton has identified several
distinct geological trends within the Concession, which display potential for the development of a variety of styles of
precious and base metal mineralisation. The Abu Marawat exploitation lease is 57.66 km2 in size, covering the Hamama
West and Rodruin mineral deposits, and was established In January 2024 and is valid for an initial period of 20 years.
The Concession also includes an additional 255.0 km2 of exploration areas, retained for a further period of 4 years from
January 2024. The Concession is located in an area of excellent infrastructu re; 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), Chief Geologist 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
Chief Executive Officer
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 results
in each case could differ materially from those currently anticipated in such statements.
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