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Aton Reports Diamond Drill Results from the Hamama East and Central Areas, Including 1.38 g/t Au Equivalent and 8.20% Zn over 22.5m from Surface, and Announces the Issuance of Bonus Warrants and Early Warning Report
VANCOUVER, BC / ACCESSWIRE / March 29, 2023 / Aton Resources Inc. (TSXV:AAN) ("Aton" or the "Com...
About this update from Aton Resources Inc.
[{"type":"text","content":"Aton Reports Diamond Drill Results from the Hamama East and Central Areas, Including 1.38 g/t Au Equivalent and 8.20% Zn over 22.5m from Surface, and Announces the Issuance of Bonus Warrants and Early Warning ReportVANCOUVER, BC / ACCESSWIRE / March 29, 2023 / Aton Resources Inc. (TSXV:AAN) (\"Aton\" or the \"Company\") is pleased to update investors on results from the recent diamond drilling programme at Hamama, located in the Company's 100% owned Abu Marawat Concession (\"Abu Marawat\" or the \"Concession\"), in the Eastern Desert of Egypt, (Figure 1).Highlights:Diamond drilling was completed at Hamama on March 11, 2022, with a total of 1,612.7 metres drilled from 42 shallow holes. The programme was designed to test for potential oxide mineralisation in areas that previously had been largely undrilled;22 holes were drilled at Hamama East, with results including 0.82 g/t Au, 47.39 g/t Ag, 1.38 g/t Au equivalent (\"AuEq\") and 8.20% Zn over an interval of 22.5m from surface (HAD-022) and 0.60 g/t Au, 43.49 g/t Ag, 1.11 g/t AuEq and 3.25% Zn over an interval of 22.7m from 0.45m downhole depth (HAD-021), associated with the main Hamama silica-carbonate mineralised horizon;5 holes were drilled at Hamama Central, which returned mineralised intersections including 1.20 g/t Au, 15.17 g/t Ag, and 1.38 g/t AuEq over an interval of 15.9m from 11.0m downhole depth (HAD-017) also associated with the highly gossanous Hamama silica-carbonate mineralised horizon;Aton has issued 20,000,000 bonus warrants to OU Moonrider, a significant shareholder, in respect of a $4M loan provided to the Company.\"We are pleased to be able to announce this year's diamond drill results from Hamama East and Central. We have not drill tested the oxide potential in these areas previously, and we are surely happy with these results that confirm reasonable thicknesses of oxide gold-silver mineralisation, as indicated by our previous surface channel sampling and trenching, in these areas,\" said Tonno Vahk, Interim CEO. \"The grades we are seeing are very much in line with the Hamama West oxide resource, and these newly delineated areas will again be readily amenable to exceedingly low strip ratio open pit mining methods. These results are particularly encouraging, when combined with the recent metallurgical test results from the Rodruin oxides, and we are now consi...