FOR IMMEDIAT E RELEASE Aton signs 10,000m RC drilling contract with Geodrill
FOR IMMEDIAT E RELEASE
Aton signs 10,000m RC drilling contract with Geodrill
Vancouver, British Columbia, April 20, 2023: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is
pleased to announce that it has signed a contract with Geodrill, to undertake a 10,000m programme of reverse
circulation percussion (“RC”) drilling at the Company’s 100% owned Abu Marawat Concession (“Abu Marawat”
or the “Concession”), in the Eastern Desert of Egypt (Figure 1).
Figure 1: Geology and prospect plan of the Abu Marawat Concession
“We are delighted to announce that we have signed a contract with Geodrill for 10,000 metres of RC drilling at
Abu Marawat. This programme has been years in the making, and we are really excited to now finally be
getting ready to drill some of our highly prospective regional targets.” said Tonno Vahk, Interim CEO. “We are
also pleased to be working with Geodrill on this programme, who entered the Egyptian market 2 years ago.
Geodrill are very much an expanding global player and are well established as one of Africa’s leading drilling
companies. We have been busy the last couple of months preparing for this programme, with excavators and
loaders working on access roads and drill pads around the licence area , ahead of starting the drilling in early
May. We continue to work closely with our partners at the Egyptian Mineral Resources Author ity, and are still
on track for the submission of our application for the mining licence at Abu Marawat in Q3 this year, and are
looking forwards to updating investors on what we hope to be very positive drill results in the coming months.”
2023 Abu Marawat RC drilling programme
Aton has now signed a contract with Geodrill’s Egyptian branch, Geodrill for Leasing and Specialized Services
Freezone LLC, for 10,000m of RC drilling at the Abu Marawat Concession. Established in 1998, Geodrill is a
leading TSX listed exploration drilling company, with a fleet of 82 drill rigs operating in seven countries across
Africa and South America . Geodrill operates the largest and most modern fleet of multi -purpose rigs on the
African continent, and entered Egypt in 2021, winning the major underground RC drilling contract at the Sukari
gold mine, as well as several exploration drilling contracts for other clients in Egypt. Geodrill will supply an
X900 multi-purpose rig for the contract, designed by AustEx and built in-house, with a 1200cfm/430psi onboard
compressor, and an additional service unit equipped with a 1200cfm/430psi auxiliary compressor and
1800cfm/900psi booster pack. The X900 rig has a rated RC depth capacity of 400m.
The rig is expected to mobilise to site during the first week of May 2023, with drilling starting at West Garida to
follow up on the highly promising 5 hole 2022 RC programme (see news release dated September 1, 2022),
before moving to the Semna and Abu Gaharish prospects. Dri lling is also being planned at the Zeno, Bohlog,
and Sir Bakis prospects.
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. Two historic
British gold mines are also located on the Concession at
Sir Bakis and Semna. Aton has identified several distinct
geological trends wi thin 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 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:
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 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.