Aton Announces the Results of Surface and Underground Sampling at Zeno, with Selective Grab Samples Returning Assays of up to 117.5 g/t Gold

VANCOUVER, British Columbia, May 30, 2018 (GLOBE NEWSWIRE) — Aton Resources Inc. (TSX-V:AAN) (“Aton” or the “Company”) is pleased to provide investors with an update on exploration activities at the Zeno prospect at the Company’s 100% owned Abu Marawat Concession (“Abu Marawat” or the “Concession”), located in the Eastern Desert of Egypt.

Highlights:

  • Aton have recently completed a program of surface sampling at the Zeno prospect, covering an approximate area of c. 4.5 x 1.8 km, totaling 105 samples (64 selective grab samples, 18 channel profile samples, 16 individual channel samples, and 7 QAQC samples). Samples were predominantly taken at surface, with 18 samples being collected underground from the numerous ancient workings in the area;
  • Channel sample profiles returned intersections including 5.0 m @ 2.52 g/t Au (profile ZEC-006);
  • The ‘point’ samples (selective grabs and individual channels) returned numerous high grade gold assays including 117.5 g/t Au and 100.5 g/t Au, sampled underground from visible gold and iron oxide bearing quartz veins. Other samples returned assay values including 72.3 g/t Au56.5 g/t Au and 48.3 g/t Au;
  • Of the 80 point samples, 16 (20% of all samples) returned assays greater than 10 g/t Au, and 57 (71%) returned assays greater than 1 g/t Au. The 80 point samples returned a mean average grade of 10.58 g/t Au.
  • Results of this sampling program confirm the widespread occurrence of quartz vein hosted gold mineralization in the Zeno prospect area, carrying potentially significantly high grades of gold.

“Zeno is potentially a very important target area for us, as can be seen from the significant amount of high-grade gold results from this sampling programme,” said Mark Campbell, President and CEO. “The Gold Mine Valley group of veins represents a significant new target for us and one which we will be looking to follow up as soon as possible. With the anticipated start of drilling at Rodruin in July, and the imminent declaration of a commercial discovery at Hamama West busy times lie ahead for the Company.”

Sampling at the Zeno Prospect 
The Zeno prospect area is located approximately 23 km northeast of the Hamama West mineral deposit, and is centered about 4 km west of the old British-era gold mine at Semna (Figure 1). It has had only limited field inspection and exploration to date due to its relatively inaccessible location within the Concession. The Zeno prospect is centered on an area known as the “Gold Mine Valley” which is located approximately 1 km to the north-northeast of a large, undocumented ancient mining settlement (Figure 2), and is 2 km from the nearest point that is accessible by vehicle. Aton completed a preliminary program of chip channel sampling at the Gold Mine Valley area in 2012 (see news release dated August 15, 2012, which returned assay values including 46.9 g/t Au, 14.75 g/t Au and 14.55 g/t Au from 10 channel samples, all of 2m length.

Figure 1: Abu Marawat regional geology, showing the location of the Zeno prospect

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During 2017 a detailed photogeological review of the Zeno area was undertaken using high resolution imagery, which indicated the presence of numerous quartz veins, and ancient workings, paths and buildings over a roughly northwest trending 8-10 km2area, approximately spatially coinciding with the outcrop of orogenic, or basement “grey granites” (Figure 1). Local Bedouin have anecdotally indicated the existence of “high grade gold mineralization” in the general Zeno area.

During March and April 2017 Company field crews completed a new follow-up program of surface sampling covering a total area of approximately 8 km2 (c. 4.5 x 1.8 km) at the Zeno prospect. A total of 98 samples were collected, along with 7 QAQC (duplicate, blank and flushing) samples. 6 short chip channel profiles (ZEC-001 to ZEC-006) were sampled across veins, structures and/or workings, for a total of 18 samples. The remaining 80 ‘point’ samples consisted of 64 selective grab and grab composite samples, and 16 individual channel samples, which were mainly collected from surface. 18 of the point samples were taken underground from the ancient workings at depths of up to 20m below ground level. All samples were crushed to -4mm at the Company’s onsite sample preparation facility at Hamama, with c. 500g splits shipped to ALS Minerals at Rosia Montana, Romania for analysis. Samples were analyzed for gold by fire assay using analytical code AA-Au23 (repeated by AA-Au25 for samples which returned gold grades greater than 10 g/t, and Au-GRA21 for samples which returned gold grades greater than 100 g/t).

Figure 2: 2012 Sample location plan of the Zeno prospect (”Gold Mine Valley” area)

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Figure 3: 2017 Sample location plan of the Zeno prospect

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Discussion of Results
The results of the 6 short chip channel profiles are presented below in Table 1.

Channel
ID
Start Location Finish Location Length
(m)
Au
(g/t)
Comments
X Y X Y
ZEC-001 554066 2923837 554064 2923839 2.9 1.04
ZEC-002 554473 2923848 554470 2923850 3.8 1.05
ZEC-003 555143 2923496 555148 2923494 5.6 0.35 Includes mined out 0.7m gap
ZEC-004 555256 2923653 555251 2923652 5.6 1.00
ZEC-005 555099 2924088 555096 2924090 3.9 2.55
ZEC-006 555074 2924097 555070 2924093 5.0 2.52
Notes:

  1. Chip channel samples manually sampled using hammer and chisel
  2. Variable sample intervals, typically between 1-2m, shorter samples over mineralized quartz veins etc.
  3. Profiles sample across mineralized structures from footwall into hangingwall
  4. Intersections calculated across entire length of channel profile, no cutoff grade applied
  5. All coordinates are UTM (WGS84) Zone 36R

Table 1: Assay intersections from Zeno chip channel profiles

All the channel profiles were mineralized, and assay intersections across the mineralized structures included 5.0 m @ 2.52 g/t Au (channel profile ZEC-006) and 3.9 m @ 2.55 g/t Au (ZEC-005).

A total of 80 ‘point’ samples were collected, of which were 64 samples were grab or grab composite samples, with 16 individual channels sampled over lengths varying between 0.4 – 2.2 m. 18 of the point samples were collected underground from ancient workings. Full details of the point samples from Zeno are provided in Appendix A, and a summary of the point sample results is presented below in Table 2:

Zeno ‘point’ samples Au grade Number %
Total point samples 80 > 100 g/t Au 2 3 %
Grab samples 64 > 10 g/t Au 16 20 %
Channel samples 16 > 5 g/t Au 30 38 %
Mean average Au (g/t) 10.58 > 1 g/t Au 57 71 %
Median average Au (g/t) 3.71 > 0.5 g/t Au 61 76 %

Table 2: Assay intersections from Zeno chip channel profiles

The sampling program has yielded significant results with 20% (16) of the point samples returning assays greater than 10 g/t Au, including 15% (12) of the samples grading greater than 20 g/t Au. Samples of the mineralized quartz veins and structures from ancient underground workings returned assays including 117.5 g/t Au, 100.5 g/t Au, 72.3 g/t Au56.5 g/t Au and 48.3 g/t Au. More than 70% (57) of the point samples returned assays greater than 1 g/t Au. The 80 point samples returned a mean average grade of 10.58 g/t Au, and a median average of 3.71 g/t Au.

Mineralization was identified over the entirety of the c. 8 km2 (4.5 x 1.8 km) area sampled (Figure 3), although the highest grades were returned from the most significant group of ancient workings in the “Gold Mine Valley” zone, which covers an overall area of approximately 2 km2 in size, to the north and north-northeast of the ancient mining village (Figures 2 and 3). The ancient workings appear to be predominantly concentrated on a series of narrow (typically <2m) quartz veins and quartz veined shear zones, typically hosted within grey to pinkish coarse grained granodiorites. Within the Gold Mine Valley area individual veins and workings can be traced for 300m or more. Some of the ancient workings are quite extensive, apparently up to 50m deep or more in places, indicating the likely presence of very high grade mineralization to justify the ancients mining to these depths. The veins are typically steep to sub-vertical, but not exclusively, and occur with a variety of orientations throughout the area. Abundant visible gold was observed in some samples collected from the underground workings. Sampling indicates that the mineralization is not exclusively hosted within quartz veins, but extends into the altered and sheared granodioritic wallrocks. In places the veins appear to pinch and swell with some of the underground workings reaching up to 5m width in places, and the style of mineralization appears quite similar to that seen at the Semna prospect (see news release dated November 22, 2017).

The main host rock type in the area sampled was grey to pinkish coarse grained granodiorite, with lesser medium grained diorite intrusives cut by occasional darker fine grained micro-diorite dykes. A few of the veins are associated with pale aphanitic dykes but their pale yellowish color may be due to quartz-sericite alteration.

The mineralization at Zeno typically consists either of narrow (<2m) quartz veins and quartz veined shear zones, typically hosted within orogenic basement granodiorites. Nearly all of the quartz veins appear to be largely similar, consisting of coarse white greasy quartz with patches of disseminated, fine grained, green chlorite and irregular cavities. The cavities appear to have resulted from the dissolution of another mineral, probably a carbonate. Along the edges of some veins and around wall rock fragment incorporated into the veins pale golden, fine-grained mica (sericite) occurs. Most of these veins contain thin films of red or brown iron oxides coating fracture surfaces and lining cavities that result from weathering. Some veins contain patches of more gossanous cellular quartz containing soft red or ochre yellow limonite that, at least in part, replace siderite and hard brown goethite patches that appear to have replaced sulphides. Traces of residual sulphides, either pyrite or chalcopyrite may occur but are rare. Thin films of turquoise blue to light green copper minerals occur in some veins, they consist primarily chrysocolla and malachite. Coarse visible gold was identified in several quartz veins, and in some veins visible gold was also identified in iron oxide rich selvages on the vein margins. The gold mineralization extends into the altered and sheared granodioritic wallrocks.

About Aton Resources Inc.

Aton Resources Inc. (TSX-V:AAN) 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 738km2 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: +1-936-689-2589
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.

Appendix A: Zeno prospect – Point samples (grab and individual channel samples), gold assays

Sample ID Sample Type X Y Au (g/t) Sample Description
AHA-19122 Grab 554055 2923841 7.34 2x sheared c.10cm and c. 40cm wide FeOx bearing QV’s (underground)
AHA-19123 Grab 554043 2923843 0.39 4cm QV with abundant FeOx (underground)
AHA-19124 Grab 553997 2923876 2.39 Old dump, sheared gossanous material
AHA-19128 Duplicate 1.01 Duplicate of AHA-19127 (ZEC-002 channel sample, 1.12 g/t Au)
AHA-19129 Channel 555113 2923563 0.84 1.6m channel: sheared Gd, with 5cm QV, at ancient working
AHA-19133 Channel 555244 2923604 1.29 1.6m channel: sheared weathered and friable Gd, with FeOx alteration
AHA-19134 Grab 555245 2923626 15.25 SZ with narrow quartz FeOx bearing veins (c. 20m deep, from underground)
AHA-19135 Grab 555245 2923626 17.95 SZ with narrow quartz FeOx bearing veins (c. 10m deep, from underground)
AHA-19136 Grab 555257 2923694 7.38 Sheared 2m FeOx bearing QV (c. 12m deep, from underground)
AHA-19140 Channel 555255 2923666 5.97 1m channel: sheared vuggy FeOx bearing QV (ancient working)
AHA-19141 Channel 555254 2923699 2.50 1m channel: sheared FeOx bearing QV (ancient working)
AHA-19142 Grab 555247 2923833 1.59 3m SZ with narrow QV with FeOx (small ancient working)
AHA-19143 Blank 0.01
AHA-19144 Grab 552511 2926253 0.09 Yellowish-red tailings (?) at ancient working
AHA-19145 Grab 552667 2926208 20.00 Dump material from shallow vein working, 1m wide FeOx bearing QV
AHA-19146 Grab 552821 2925853 2.07 15cm FeOx bearing QV
AHA-19147 Grab 552822 2925852 0.01 Host rock of AHA-19146: fg yellow strongly sheared dyke (ancient working)
AHA-19148 Grab 552876 2925785 3.73 North side of main zone (AHA-19150), strongly sheared, altered Gd (ancient working)
AHA-19149 Grab 552877 2925781 4.19 South side of main zone (AHA-19150), strongly sheared, altered Gd (ancient working)
AHA-19150 Grab 552876 2925782 3.07 50cm FeOx bearing QV (main zone of ancient working)
AHA-19151 Grab 553009 2925921 4.17 15cm FeOx bearing QV in fg yellow strongly sheared dyke
AHA-19152 Grab 552816 2926362 0.31 Sheared contact material from narrow sheeted FeOx bearing veins (shallow ancient workings)
AHA-19153 Grab 552816 2926362 0.61 20cm FeOx bearing QV
AHA-19154 Grab 555110 2924574 7.93 20cm FeOx bearing QV with sheared contact (10m deep, from underground)
AHA-19155 Grab 555088 2924562 100.5 20cm FeOx bearing QV with sheared contact, with VG (15m deep, from underground)
AHA-19156 Grab 555082 2924538 5.62 10cm FeOx bearing QV with sheared contact (20m deep, from underground)
AHA-19157 Grab 555072 2924536 56.50 10cm FeOx bearing QV with sheared contact (20m deep, from underground)
AHA-19158 Grab 554913 2924456 4.27 30cm SZ with sheeted FeOx bearing QV’s (ancient working)
AHA-19159 Grab 554906 2924476 39.00 20cm FeOx bearing QV (5m depth, from 50m (?) deep underground working?)
AHA-19160 Duplicate 21.80 Duplicate of AHA-19159 (39.0 g/t Au)
Sample ID Sample Type X Y Au (g/t) Sample Description
AHA-19161 Grab 554875 2924481 117.5 FeOx bearing QV with sheared contact, with abundant VG (c. 40m (?) deep, from underground)
AHA-19162 Grab 554854 2924480 17.85 Sheeted veinlets at h/w vein contact with pyrite, FeOx (20m deep, from underground)
AHA-19163 Grab 554753 2924465 48.30 1m FeOx bearing FeOx bearing QV, pyrite (10m deep, from underground)
AHA-19164 Grab 554674 2924417 3.68 1m surface FeOx bearing QV and some stockwork veinlets at f/w contact
AHA-19165 Grab 554614 2924420 9.15 50cm QV with 10cm sheared contact with abundant FeOx  (15m deep, from underground)
AHA-19166 Grab 554601 2924416 2.66 2m wide SZ, with 50cm QV and abundant FeOx
AHA-19167 Grab 554373 2924562 72.30 Sheared contact on 20cm FeOx bearing vein (15m deep, from underground)
AHA-19168 Grab 554399 2924553 36.40 Sheared contact on 30cm FeOx bearing vein (10m deep, from underground)
AHA-19169 Grab 554383 2924564 2.62 Sheared contact on 5cm FeOx bearing vein (5m deep, from underground)
AHA-19170 Channel 554519 2924605 4.32 1.5m channel: SZ in strongly weathered, altered Gd with 5cm FeOx bearing QV
AHA-19171 Grab 554518 2924619 5.13 2m SZ in Gd with FeOx, Mn (?) alteration
AHA-19172 Grab 554566 2924697 3.16 10cm sheared FeOx bearing vein, and 50cm main QV (ancient working)
AHA-19173 Grab 554524 2924669 1.50 50cm SZ with 20cm FeOx bearing vein hosted in altered diorite?
AHA-19174 Grab 554718 2924617 0.60 H/w contact of barren-looking 1m FeOx bearing vein
AHA-19175 Flushing 0.01  
AHA-19176 Channel 554518 2924704 8.43 2m channel: SZ with 30cm vein with much FeOx
AHA-19177 Grab 554222 2925475 5.76 F/w contact of 1-3m vein and shear zone, with FeOx
AHA-19178 Grab 554248 2925515 0.25 20cm SZ with stockwork veinlets at f/w contact with 1-2m FeOx-bearing vein
AHA-19179 Grab 554129 2926034 17.05 5cm SZ with FeOx bearing QV and Mn oxides (ancient working)
AHA-19180 Grab 554116 2926017 6.19 10 cm QV, with FeOx and Mn oxides (extension of AHA-19179)
AHA-19181 Grab 554171 2925914 0.09 10cm FeOx bearing QV with sheared contact to Gd (ancient working)
AHA-19182 Grab 554213 2925859 0.38 1m FeOx bearing QV with mineralized contact
AHA-19183 Grab 554058 2925334 0.16 3m SZ with FeOx bearing stockwork veinlets
AHA-19184 Grab 551617 2926410 0.33 2.5m FeOx bearing QV, hosted in fg-cg diorite dyke
AHA-19185 Grab 552954 2925249 3.22 1m QV, hosted in FeOx and MnOx bearing SZ
AHA-19186 Grab 553050 2925451 0.04 0.6m FeOx bearing QV, hosted in mafic dyke
AHA-19187 Grab 553058 2925456 3.46 Extension of oxidized FeOx bearing QV (sample AHA-19186)
AHA-19188 Grab 551887 2926263 5.65 60cm FeOx bearing QV (ancient working)
AHA-19189 Grab 551876 2926271 1.98 Extension of 60cm QV (ancient working)
AHA-19190 Grab 555219 2924918 0.01 ~1m vuggy QV in SZ with MnOx, FeOx
AHA-19191 Blank <0.005
AHA-19192 Grab 555105 2924842 3.74 0.2-1m FeOx bearing QV, Cu staining on the f/w, hosted in altered sheared Gd (ancient working)
AHA-19193 Grab 554320 2924490 4.58 SZ carrying FeOx bearing 20cm QV (ancient working)
AHA-19194 Grab 555068 2924100 28.30 1m FeOx, MnOx bearing QV with sheared contact (5m deep, from underground)
Sample ID Sample Type X Y Au (g/t) Sample Description
AHA-19195 Grab 555214 2924141 6.25 0.3m FeOx, MnOx bearing QV, with gossanous contact (ancient working)
AHA-19196 Grab 555260 2924453 3.81 Altered FeOx bearing SZ, carrying QV, mineralized on QV-SZ contact
AHA-19197 Grab 555224 2924139 26.70 0.7m gossanous shear zone with FeOx bearing 0.3m QV, hosted in altered weathered Gd (from ancient working, >50m (?) depth)
AHA-19198 Grab 555256 2924126 2.71 FeOx bearing, Cu stained QV (extension of deep ancient working, AHA-19197)
AHA-19199 Grab 555293 2924058 24.00 10cm FeOx bearing QV
AHA-19200 Grab 555268 2924012 5.20 4m SZ carrying MnOx and FeOx bearing stockwork QV’s and quartz veinlets, 5-20cm thick
AHA-19201 Channel 555140 2924485 0.37 1.2m channel: from h/w of the main QV highly altered and sheared Gd with some narrow quartz veinlets
AHA-19202 Grab 555114 2924471 4.73 Dump material: well mineralized (?) FeOx bearing QV material
AHA-19203 Grab 555129 2924328 3.26 40cm QV with abundant FeOx, and some Cu staining
AHA-19204 Grab 555146 2924209 0.05 Highly sheared, altered Gd, with abundant FeOx and 2-3mm quartz veinlets
AHA-19205 Channel 555134 2924074 9.85 2.2m channel: SZ in highly sheared and altered Gd with some sheeted stockwork QV’s/veinlets up to 5cm
AHA-19212 Blank <0.005
AHA-19213 Grab 554676 2924896 4.91 Dump material: FeOx bearing QV material
AHA-19214 Channel 554566 2924834 0.87 50cm channel : f/w of QV in altered, sheared Gd
AHA-19215 Channel 554566 2924830 3.14 40cm channel: QV in c. 30m long SZ
AHA-19216 Channel 554565 2924831 0.29 70cm channel: h/w of QV (sample AHA-19215) in sheared altered Gd
AHA-19217 Grab 554404 2924681 0.23 Dump material from c. 10m ancient trench: QV hosted in altered, sheared Gd
AHA-19218 Channel 554448 2924801 0.05 2m channel: f/w of QV (sample AHA-19219) in highly sheared, altered Gd containing some stockwork quartz veinlets
AHA-19219 Channel 554448 2924799 20.10 40cm channel: FeOx bearing QV, about 100m long
AHA-19220 Channel 554445 2924796 0.04 1.6m channel: f/w of QV (sample AHA-19219) in altered, sheared Gd with some veinlets
AHA-19221 Flushing     <0.005  
AHA-19222 Channel 554702 2924891 0.03 80cm channel: SZ containing 30cm QV, with minor FeOx
AHA-19223 Channel 554757 2924968 0.32 1m channel: SZ containing 20cm QV (ancient working)
Notes:

  1. Channel samples were collected over intervals between 0.4-2.2m, actual sampled widths are indicated in the table
  2. SZ: shear zone;  QV: quartz vein;  FeOx: iron oxide(s);  MnOx: manganese oxide(s);  VG: visible gold;  Gd: granodiorite;  h/w: hangingwall;  f/w: footwall;  fg: fine-grained;  cg: coarse-grained
  3. All coordinates are UTM (WGS84) Zone 36R

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