VANCOUVER, British Columbia, May 31, 2018 (GLOBE NEWSWIRE) -- Aton Resources Inc. (TSXV:AAN) (“Aton” or the “Company") is very pleased to announce that it has submitted a study completed by Wardell Armstrong International Ltd. to EMRA in support of its application for an exploitation license at its Hamama project.
“Today we submitted a study to EMRA required as part of our exploitation licence application,” said Mark Campbell, President and CEO . “Aton has been working at Hamama since 2008, with the exception of the three years of force majeure during the revolution and we are extremely pleased to have now completed this study, which moves us toward obtaining our 20 year Exploitation License, which if granted can be extended again. Once granted, the license also grants the Company an automatic 4-year extension to the Exploration License over its selected exploration areas within the Abu Marawat Concession. We look forward to beginning the first steps in the process of developing our Hamama project."
A decision to commence production at Hamama will be based on the results of a preliminary economic assessment, which the Company is in the process of preparing.
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 Sukari gold mine. Aton has identified a 40 km long gold mineralized trend at Abu Marawat, anchored by the Hamama deposit in the west and the Abu Marawat deposit in the east, containing numerous gold exploration targets, including three historic British mines. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of RIRG and orogenic gold mineralization, VMS precious and base metal mineralization, and epithermal-IOCG precious and base metal mineralization. Abu Marawat is over 738km 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.
Qualified Person
The technical information contained in this News Release was prepared by Roderick Cavaney BSc, MSc (hons), MSc (Mining & Exploration Geology), FAusIMM, GSA, SME, Vice President, Exploration, of Aton Resources Inc. Mr. Cavaney 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:
Mark Campbell President and Chief Executive Officer Tel: +202-27356548 Email: mcampbell@atonresources.com
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.
