Aton Resources Announces Leadership Changes and Expansions in Drilling Operations in the Abu Marawat Area
Aton Resources has announced the resignation of Mr. Rob Bow from his position as Chief Operating Officer for personal reasons.
Aton Resources Announces Management Changes
Mr. Bow has also stepped down from his membership on the Board of Directors of Abu Marawat Gold Mines Limited (“AMGM”), a 50/50 joint venture between Aton and EMRA (Egyptian Mineral Resources Authority), which oversees the operations of the Abu Marawat exploitation license.
Commenting on these developments, Tonno Vahk, CEO of Aton, said: “I would like to express my deep appreciation to Mr. Rob Bow for his efforts and valuable contributions over the past year at Aton, where he helped put us on the right path to develop the next gold mine at West Hamama.”
Vahk added: “We are pleased to announce that Mr. Paul Angus, Aton’s Exploration Manager in Egypt, will be joining the Board of Directors of AMGM while we continue searching for a suitable replacement for Rob.
“We are committed to moving forward in Egypt, and we have appointed Wardell Armstrong to conduct a preliminary feasibility study for the West Hamama Mine. We intend to commence fieldwork programs soon and aim to strengthen our relationships with our partners at EMRA and the Ministry of Petroleum and Mineral Resources.”
The CEO pointed out that the ongoing diamond drilling program at Abu Marawat, aimed at upgrading resources to the “indicated” category, is progressing well, and the company will publish new results as soon as they are available.
New exploratory drilling programs are expected to begin on the retained lands next month, in parallel with the continued drilling work in the Abu Marawat exploitation license and exploration areas, with the aim of developing multiple mines within the Abu Marawat concession.
Operations Update and Progress Achieved:
Aton has appointed Wardell Armstrong International Limited, based in Cornwall, UK, to conduct a preliminary feasibility study on the West Hamama deposit. Cube Consulting from Perth, Western Australia, will continue its leading role in estimating all mineral resources across the Abu Marawat concession, including the Hamama and Rodruin areas, as well as the Abu Marawat and Semna deposits.
As part of efforts to enhance resources, the Energold diamond drilling program continues at the Abu Marawat deposit, where initial results have shown high-grade mineral discoveries near the surface.
These results include 8.98 grams per ton (g/t) of gold, 185 g/t of silver, with 0.43% copper and 6.12% zinc over 3.90 meters (drill hole AMD-110).
The results also included 9.57 g/t of gold, 92.9 g/t of silver, with 0.52% copper and 0.29% zinc over 3.90 meters (drill hole AMD-107). Based on these encouraging results, the company has decided to extend the drilling program until 2025.
Additionally, Aton has entered into a new contract with Capital Drilling Egypt Limited (“Capital”) to carry out drilling works of at least 5,000 meters in the retained exploration areas within the Abu Marawat concession.
These new works include drilling at the Abu Marawat Mine and the Semna Gold Mine project, as well as other high-priority targets that have not yet been explored in the concession, including Sir Bakis and Bohlog.
In a separate context, Aton, through its joint venture company AMGM, is finalizing negotiations on a separate contract to conduct a groundwater exploration and infrastructure sterilization program in the Hamama area, as part of the planned preliminary study works.
Drilling work is expected to begin next month, and geotechnical, metallurgical, and additional resource expansion drilling programs are currently being designed in the Hamama area.
About Aton Resources:
Aton Resources (AAN: TSX-V) is focused on its 100% owned Abu Marawat concession, located in Egypt’s Arabian-Nubian Shield, approximately 200 kilometers north of Centamin’s world-class Sukari Gold Mine.
The company has identified several targets for gold and base metal exploration in the area, including the Hamama Mine in the west, the Abu Marawat Mine in the northeast, and the Rodruin Mine in the south.
The concession contains historical gold mines at Semna and Sir Bakis, and the company aims to develop multiple styles of precious and base metal mineralization over an area of 57.66 square kilometers, with an additional area of 255 square kilometers retained for exploration until 2028.
The concession benefits from excellent infrastructure, including highways, power lines, water pipelines, and nearby international airports in Hurghada and Luxor.
