Aton Drills New Egyptian Precious Metals Discovery
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Aton Drills New Egyptian Precious Metals Discovery

byColin Sandell-Hay, Contributor - The Assay
4 years ago
Reading Time: 3 mins read
Aton Drills New Egyptian Precious Metals Discovery

Aton Resources Inc. (TSXV:AAN) has obtained excellent drilling results from the West Garida prospect, located in the company’s 100% owned Abu Marawat Concession in the Eastern Desert of Egypt.

Highlights:

  • Five percussion RC holes were drilled at the West Garida prospect, testing the down dip extensions of mineralised quartz veins mapped at surface;
  • All five holes intersected mineralisation associated with the targeted narrow quartz veins;
  • Hole WGP-003 intersected 41.7 g/t Au, 263 g/t Ag and 2.08% Pb over a 1.0m interval from 17m depth;
  • Hole WGP-005 intersected 1.54 g/t Au over a 5.0m interval from 65m depth.

“We are very excited to be able to announce the discovery of high grade quartz vein associated mineralisation from this new drilling at West Garida,” said Tonno Vahk, Interim CEO.

“West Garida is an area that has interested us since we first mapped it in 2017, has been on our radar since then, and we are delighted with the results from this initial short RC programme.

“Its proximity to the Hamama West deposit makes it particularly interesting, in terms of its potential ease of development, and West Garida again confirms the outstanding exploration potential of the entire Abu Marawat Concession.

“We continue to push strongly ahead at both Rodruin and Hamama West, but these new results show the bigger potential of the Concession, which we fully intend to develop over time.

“We anticipate further follow-up drilling to come at West Garida, as we look to shift our drilling focus to the numerous other high priority exploration targets at Abu Marawat, including Abu Gaharish, which appears to be a Sukari analogue, following the completion of the current diamond drilling programme at Rodruin. We continue to fully believe that very exciting times lie ahead for Aton.”

West Garida Prospect

The West Garida prospect is located approximately three km east-northeast of the Hamama West deposit and is accessed by a road constructed in 2017. A short programme consisting of five vertical reverse circulation percussion (RC) drill holes was completed at West Garida during a break in the Hamama West drilling programme (see news release dated August 26, 2022).

The West Garida prospect was discovered, mapped and sampled by Aton geologists in 2017, with individual surface channel samples returning grades including 99.6 g/t and 45.6 g/t Au.

Visible gold was identified in several samples associated with the quartz vein hosted mineralisation. West Garida is located approximately 500m from the western margin of a “Younger Granite” intrusive and is more or less along the strike of the Hamama West deposit. The general geology of the West Garida area is similar to that at Hamama West and is characterised by a sequence of intermediate to felsic volcanic and pyroclastic rocks that are cut by a number of sub-volcanic felsic intrusive bodies.

For further information please visit: https://atonresources.com/

Tags: EgyptExplorationGoldMiddle EastPrecious MetalsSilverTSXV:AAN
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Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay is a multi-award-winning mining journalist and investor relations specialist with a major focus on the resources sector. He has 48 years of editorial and public relations experience, with more than 30 of those in business and resources media. His in-depth, technical knowledge was recognized in 2010 when he was presented with the coveted APPEA JN Pierce Award as the leading petroleum journalist in Australia. Colin is currently a freelance news editor and features writer for The Assay.

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Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

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