AMN - EGYPT: Aton submits study for Hamama project

Aton Resources has submitted a study completed by Wardell Armstrong International Ltd in support of its application for an exploitation licence at its Hamama Gold Project in Egypt. The study has been submitted to the Egyptian Mineral Resources Authority (EMRA).

“Today we submitted a study to EMRA required as part of our exploitation licence application,” said Aton president and CEO Mark Campbell.

“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 licence, which if granted can be extended again. 

"Once granted, the licence also gives the company an automatic four-year extension to the exploration licence 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," he added.

A decision to commence production at Hamama will be based on the results of a preliminary economic assessment, which the company is preparing.

Aton Resources is focused on its 100%-owned Abu Marawat Concession in Egypt’s Arabian-Nubian Shield, about 200km north of Centamin’s Sukari gold mine.

Aton has identified a 40km-long gold mineralised 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 mineralisation, VMS precious and base metal mineralisation, and epithermal-IOCG precious and base metal mineralisation.

Abu Marawat is over 738sqkm in size and is in an area of excellent infrastructure. A four-lane highway, a 220kV power line and a water pipeline are in close proximity.

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