Business
Aton Resources Inc. the CEO’s Review of 2019
VANCOUVER, British Columbia, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is pleased to share the thoughts of it
About this update from Aton Resources Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company\") is pleased to share the thoughts of its President and CEO Mark Campbell on the company’s accomplishments in 2019. “As we enter the New Year and a new decade, I want to reflect on 2019, which though a challenging year, was in fact a very positive year for Aton, on three fronts. Though we were unable to complete any drilling this past year, we did through our regional geological exploration, make two significant early stage discoveries at the previously unknown areas of Semna East and Safaga South, with results showing potentially two new highly prospective targets (see our news releases of October 9, 2019 and June 20, 2019) and demonstrating the potential for intrusion related gold mineralization. These discoveries continue to show the overall potential that exists in our Abu Marawat Concession area, along with our Hamama Development project and our exciting main exploration target at Rodruin, which delivered outstanding drilling results in 2018. Another very significant milestone in 2019 was our application for a mining license to develop our Hamama gold project, which we submitted in November. Firstly, we are only the second company to formally apply for a gold mining license, the other being Centamin at Sukari which currently produces c.500,000ozpa and is currently subject to a takeover bid from Endeavour Mining. Secondly, this caps off a long and at times a torturous road to getting here. We began exploration at Hamama less than a decade ago and have encountered delays along the way, the most significant being the political upheavals in Egypt at the beginning of the last decade, which have now been resolved and Egypt remains a destination of choice for foreign direct investment in the Middle East. In addition, the downturn in the junior mining market over the last few years has made both equity and debt capital funding for the Company challenging – we are very grateful to our existing shareholders who continue to support and believe in the Company and its assets. The tenacity of the Company and its team have been exemplary in working through the challenges we have faced and I want to thank all of our people on behalf of the directors and shareholders. We have got to this position by having the staying po...