Aton Resources Inc. is pleased to update investors on the first assay results from the Phase 2 diamond drilling programme at its Rodruin gold exploration project, which commenced in November 2021. Rodruin is located in the Company's 100% owned Abu Marawat Concession, in the Eastern Desert of Egypt. Highlights: The first 10 drill holes for the programme have been completed to date, ROD-051 to ROD-060, for a total of 1,078 [...]
Aton Resources Inc. announces that it has entered into an additional bridge loan with OU Moonrider , a significant shareholder of the Corporation. The Loan The Corporation has borrowed C$500,000 from Moonrider, which Loan is repayable on the earlier of six months from closing, on the occurrence of various standard events of default, or on the closing of any debt or equity financing by the Corporation in an amount in [...]
Aton Resources Inc. is pleased to update investors on the start of diamond drilling at its Rodruin gold exploration project , located in the Company's 100% owned Abu Marawat Concession , in the Eastern Desert of Egypt. "We are delighted to announce the start of the second phase diamond drilling programme at Rodruin," said Tonno Vahk, Interim CEO. "It has been a long and rocky road to this new programme, but we are very [...]
Aton Resources Inc. is pleased to provide investors with an update on recent activities at its Rodruin advanced exploration project at the Company's 100% owned Abu Marawat Concession , in the Eastern Desert of Egypt. Highlights: The Company recently re-started its surface channel sampling programme of potential mineralisation exposed along drill road cuttings at Rodruin; Sampling of channel sample profile ROC-031 returned [...]
Aton Resources Inc. is pleased to update investors on the re-commencement of field activities at the Company's 100% owned Abu Marawat Concession , in the Eastern Desert of Egypt, see Figure 1. Highlights: Since the Hamama exploration camp was re-opened in June 2021, a new camp and core processing facility has been constructed at Rodruin; Energold's diamond drill rig has now arrived in Egypt, and some ancillary drilling [...]
Aton Resources announces that it has entered into an additional bridge loan with OU Moonrider, a significant shareholder of the Corporation. The Loan The Corporation has borrowed C$500,000 from Moonrider, which Loan is repayable on the earlier of six months from closing, on the occurrence of various standard events of default, or on the closing of any debt or equity financing by the Corporation in an amount in excess of [...]
Aton Resources Inc. announces the following operations and corporate updates. Operations Update Aton signed a drilling contract with Energold Drilling Ltd. in June to complete a minimum of 4,250 metres of diamond drilling at the Corporation's Abu Marawat Concession . At the time of signing the contract it was expected that drilling would commence in September 2021. Due to export clearance and shipping delays caused by the [...]
Aton Resources Inc. reports that its Chief Financial Officer, Bennett Liu, has stepped down to pursue new opportunities and that it has appointed Stella Chen to replace him with immediate effect. Ms. Chen works with a number of public and private companies in the resource and technology industries providing accounting and consulting services. Ms. Chen graduated from Simon Fraser University and holds a Bachelor of Arts in [...]
Aton Resources Inc. is pleased to update investors on the results of initial scoping level metallurgical testwork from its advanced Rodruin exploration project. Rodruin is located within the Company's 100% owned Abu Marawat Concession , in the Eastern Desert of Egypt, see Figure 1. Highlights: 10 composite samples representing the range of mineralisation types at Rodruin underwent scoping testwork. The samples were [...]
Aton Resources Inc. is pleased to announce that it has signed a contract with Energold Drilling Ltd. to carry out a minimum of 4,250 metres of diamond drilling at the Corporation's Abu Marawat Concession. The drilling program will be focused on the Rodruin and Hamama projects , with drilling expected to commence in September. Figure 1 [...]
Aton Resources Inc. is pleased to announce that, further to its news release of April 12, 2021, it has settled a total of CAD$116,348.49 in debt to directors and employees in exchange for 484,785 common shares at a price of $0.24 per Share . Certain of the Shares for Debt Transactions are "related party transactions" under applicable securities laws, as directors Bill Koutsouras, Tonno Vahk, and Anthony Clements, and [...]
Aton Resources Inc. announces that it has agreed to settle a total of CAD$116,348.49 in debt to directors and employees in exchange for 484,785 common shares at a price of $0.24 per Share . Bill Koutsouras, Aton's Interim CEO & Chairman of the Board stated, "I would like to thank the directors and employees who have opted to receive amounts payable to them in Shares. This is a show of confidence in Aton as we continue to [...]