Acquisition Date

2018 / May / 8

Terms

1.0% NSR

Operator

Aton Resources Inc.

The Abu Marawat concession is located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the advanced Rodruin exploration prospect in the south of the concession. Two historic British gold mines are also located on the concession at Sir Bakis and Semna.

Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety of styles of precious and base metal mineralization.

Abu Marawat is 447.7 km2 in size and is located in an area of excellent infrastructure; a four-lane highway, a 220 kV power line, and a water pipeline are in close proximity, as are the international airports at Hurghada and Luxor.

Recent Activity

March 2022

Drilling is ongoing at the Rodruin project, with 21 drill holes having been completed to date for a total of 1,992 metres. Recent results include:

  • ROD-056: 129.5 m grading 1.0 g/t gold and 8.8 g/t silver from surface;
  • ROD-057: 86.6 m grading 0.8 g/t gold and 6.3 g/t silver from 12.6 m; and
  • ROD-059: 45.9 m grading 0.9 g/t gold and 3.8 g/t silver from 22.6 m.
February 2022

Aton plans to undertake a 5,000 m infill drilling program at Hamama West within the next 4-6 weeks. The drilling is designed to upgrade the Inferred mineral resource estimate and advance Hamama West towards development.

November 2021

The Phase 2 drill program at Rodruin has commenced with the objective to advance the project toward producing a maiden mineral resource.

Abu Marawat Royalty Map
Abu Marawat Royalty Map