Advanced Exploration

Abu Marawat

Au
Aton Resources Inc.
Red Sea Governorate

,

Egypt

Acquisition:

2018 / 05 / 08

Agreement:

Royalty

Terms:

1.0% NSR

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

    May 2023

    A 10,000 m drill program focusing on regional targets West Garida, Abu Gaharish, and Semna at Abu Marawat has commenced. At West Garida, a short program of 19 holes comprising 1,370 m is planned. Abu Gaharish drilling is expected to encompass 28 holes for a total of 4,040 m and at Semna the program will consist of 17 holes for a total of 3,600 m.

    January 2023

    Phase 2 drilling was completed at the Rodruin project in late 2022, with a total of 9,073 m drilled. Recent results include:

    • ROD-120: 11.85 m grading 4.4 g/t Au and 4.5 g/t Ag from 29.45 m;
    • ROD-122: 5.5 m grading 3.7 g/t Au and 5.8 g/t Ag from 26.3 m; and
    • ROD-123: 63.2 m grading 0.7 g/t Au and 6.6 g/t Ag from surface.

    With drilling complete, the next steps are to secure the mining license at Abu Marawat and to proceed with establishing a maiden Mineral Resource Estimate for Rodruin.

    September 2022

    A 5-hole drill program has led to the discovery of high-grade quartz-vein associated mineralization at the West Garida prospect, an area that was first mapped in 2017. Hole WGP-003 intersected 41.7 g/t gold, 263.0 g/t silver, and 2.1% lead over a 1.0 m interval from 17.0 m depth, and Hole WGP-005 intersected 1.5 g/t gold over a 5.0 m interval from 65.0 m depth. West Garida is located about 3 km east-northeast of the Hamama West deposit.

Use the link below to browse a list of available technical reports for the projects within Sandstorm’s portfolio. For the most up-to-date information on each project, please refer to the project operator or developer.

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Annual Report

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