AMN - EGYPT: High-grade gold in Safaga South samples

Aton Resources Inc has received samples assaying up to 102.5 g/t gold from the Safaga South prospect within the company's 100%-owned Abu Marawat Concession in the Eastern Desert of Egypt. The samples were gathered during a second phase of reconnaissance field inspection and selective grab sampling.

There were 36 samples collected and the assays returned are associated with coarse visible gold.

Of these samples, 26 returned assays greater than 1 g/t gold and 10 returned grades above 10 g/t, confirming the widespread development of quartz vein hosted gold mineralisation at Safaga South, at significant grades.

Gold mineralisation is associated with narrow quartz veins, hosted in granodioritic to dioritic basement rocks, and occurs over an area of several square kilometres.

Aton's president and CEO Mark Campbell said, "Following up on our recent new gold discovery at Safaga South, we have now significantly expanded the footprint of the outcropping mineralisation, and this second sampling program has returned some very solid results.

"Over the past months we have been primarily focused on securing our mining licence at Hamama and working with the government and Wood Mackenzie on mining reform in Egypt, but importantly we continue to develop the overall exploration potential of the Abu Marawat Concession."

The Safaga South prospect is at the north-eastern corner of the Abu Marawat Concession, predominantly on the southern side of Wadi Safaga, and is about 14km east-northeast of the Abu Marawat deposit.

Aton has discovered gold mineralised quartz veins over a significant area at Safaga South, which have been partially worked in ancient times, as well as ancient dwellings and alluvial wadi workings in the general area. There are no previous records known to the company of this historic mining site.

Aton field crews undertook a second phase of reconnaissance sampling at Safaga South between June and August 2019 to follow up on the initial program, with a total of 36 selective grab samples taken during this second phase.

The main objective of the program was to identify and sample further mineralised quartz veins away from the two main zones of veins sampled in the initial discovery phase of sampling.

Some of the veins are copper stained, although many are not. The copper mineralisation, where present, is typically zoned, usually towards and within the often-sheared margins of the veins, as well as laterally along the veins.

Silver values were typically low and less than the gold grades, up to a maximum of 11.6 g/t. No significant lead or zinc assays were returned, and the original sulphide content of the veins was typically low, below 5% as a maximum.

Further follow-up work is justified and planned at the prospect to further define the extent and the significance of the widespread mineralisation identified to date.

The project is in Egypt's Arabian-Nubian Shield, about 200km north of Centamin's world-class Sukari gold mine.

www.atonresources.com