Aton Resources announced that it has drilled more zones of oxide mineralization at its Rodruin gold exploration project located at Abu Marawat Concession as part of the Phase 2 diamond drilling program.
The company said that these drilling operations returned 1.72 grams of gold per ton of minerals (g/t gold) and 11.5 g/t silver.
It elaborated that it has drilled four holes; ROD-07, ROD-07, ROD-078 and ROD-079. ROD-076 and ROD-077 showed good correlation with the original RC holes, with ROD-077 returning a mineralized intersection from surface grading 1.79 g/t Au and 3.7 g/t Ag over a 30.6m interval, from surface.
While holes ROD-078 and ROD-079 were drilled from the same collar position and both returned wide intersections of oxide mineralization starting from surface. Hole ROD-079 returned 1.72 g/t Au and 11.5 g/t Ag over 75.2m,and ROD-078 returned 1.28 g/t Au and 6.9 g/t Ag over 46.2m.
“These four latest drill holes continue to demonstrate the presence of oxide gold-silver mineralization at Rodruin, starting from surface, which will be readily amenable to open pit mining,” Aton said.
“We are very pleased to be able to release these latest excellent drilling results from Rodruin while we are back here in Canada for the PDAC conference. We welcome the opportunity to discuss our progress at Rodruin while we are here with any interested parties, as well as the ongoing work at Hamama West, and our plans for the development of the Abu Marawat Concession, which surely remains one of the most attractive as well as certainly the most advanced gold exploration project in Egypt. We are also highly encouraged that the Ministry of Petroleum and EMRA are hosting a conference in July to further advance the process of mining reform in Egypt, as it looks to incentivise and encourage foreign investment into the country,” said Tonno Vahk, Interim CEO.
“These latest drill results again continue to show the presence of quite substantial volumes of gold mineralisation at very respectable grades outcropping at surface at Rodruin, and we are very focused on drilling out the near surface mineralisation in the current programme, as we look to move forwards as quickly as possible to the establishment of the maiden mineral resource. We continue to be excited about the early oxide potential at Rodruin, as well as the longer term development of the sulphide mineralisation, and at the same time we continue to push ahead at Hamama. Exciting and busy times for Aton!” Vahk added.