Aton Resources has announced the final results that it has found from its reverse circulation percussion (“RC”) drilling at the Semna gold mine prospect, located within its owned Abu Marawat Concession in the Eastern Desert of Egypt.
After drilling 21 holes, the company stated that it has encountered significant high grade mineralized intersections from the the Semna Main Vein zone (“SMV”).
These intersections included 50.07 g/t Au over a 6m interval, from 75m downhole depth (hole SMP-016), including 222 g/t Au over 1m, from 80m, 28.36 g/t Au, 28.4 g/t Ag and 1.15% Cu over a 4m interval, from 136m downhole depth (hole SMP-003), including 94.8 g/t Au, 88.2 g/t Ag and 3.47% Cu over 1m, from 137m.
It also included 11.98 g/t Au over a 16m interval, from 61m downhole depth (hole SMP-018), including 36.03 g/t Au over 4m, from 61m in addition to 10.61 g/t Au, 24.0 g/t Ag and 1.20% Cu over a 9m interval, from 130m downhole depth (hole SMP-019), including 37.00 g/t Au, 145.0 g/t Ag and 8.72% Cu over 1m, from 133m. SMP-019 also returned intersections of 5.82 g/t Au over a 3m interval from 102m, and 9.10 g/t Au over a 2m interval from 111m.
Additionally, Aton found 5.73 g/t Au over a 14m interval, from 56m downhole depth (hole SMP-017), including 14.85 g/t Au over 3m from 60m, and 8.67 g/t Au over 3m from 66m.
On this occasion, Tonno Vahk, Interim CEO said “We are pleased to be able to now provide the final assay results from the Semna RC drilling programme. It is quite apparent to us, even at this early stage, that Semna is shaping up as a very significant new drill discovery. We plan to fast-track the exploration at Semna as soon as the mining licence has been issued at Abu Marawat, which we anticipate will be very soon now. Preparations are already well advanced to start a second phase of diamond drilling, and if all goes according to plan we expect to be back drilling again at Semna in January 2024.”
“We started this year with the overriding objective of completing our submission to EMRA, to demonstrate the existence of a Commercial Discovery at the Hamama West and Rodruin deposits, which under the terms of our Concession Agreement with EMRA, is the most significant step on the road to the mining licence at Abu Marawat,” he said. “We delivered our submission to EMRA in August, we believe that we are now very nearly there, and we are looking forward to working closely with EMRA as we move forwards together once the mining licence has been issued. 2023 has been a year of great progress for Aton, and we close the year with these exceptional drill results from our new Semna discovery. These results again further illustrate the undoubted potential of the Abu Marawat Concession to host multiple economic gold deposits. With the anticipated issuance of the mining licence we look forward to being able to finally start realising the full potential of the Concession, as we move towards the development of multiple gold mining operations at Abu Marawat, starting in 2024.”
