ACCESS Newswire
23 Mar 2023, 04:50 GMT+10
VANCOUVER, BC / ACCESSWIRE / March 22, 2023 / Aton Resources Inc. (AAN:TSX-V) ('Aton' or the 'Corporation') provides the following corporate and operations update.
Corporate update
Aton announces that Dr Sherif Sousa, will step down from his role as Country and General Manager of Aton's branch in Egypt due to other commitments and personal reasons, and will relinquish all positions with Aton as of March 31, 2023. Dr Sousa will continue to be available to provide ongoing support to the Corporation in a consultancy role going forwards, as well as assisting with the transition to new management in Egypt.
Interim CEO of Aton Resources, Tonno Vahk, will assume the position of the General Manager of Aton's branch in Egypt. Mr. Cherif Barakat will be joining Aton in the position of Country Manager and will assume the management of Aton's day-to-day activities in Egypt. Mr. Barakat brings a wealth of experience to the role with more than 20 years' experience in the international resource space in the US, Europe and Egypt. Before joining Aton Resources in 2023, Mr. Barakat founded Eastern Desert Gold Ltd ('EDG') in 2021 with the objective of developing Egypt's mineral resources and mining sector. Prior to founding EDG, Mr. Barakat held roles at Exxon Mobil Corporation and Glover Park Group, and in 2011 he founded Acacia Consultants which has been dedicated to improving Egypt's mining policy environment, raising Egypt-focused exploration investment and advising publicly traded exploration companies operating in Egypt.
'We are very grateful for the work Dr. Sousa has done as General Manager, and all the effort he has put in, to help set Aton on a solid path towards the mining licence at the Abu Marawat Concession.' said Tonno Vahk, Interim CEO. 'The last few years have been very successful for Aton and we have made great progress under Sherif's incomparable leadership. These are very important times for Aton, we will be completing a new MRE covering Rodruin and Hamama in a few months' time, and we will be submitting our application for the mining licence later this year. I have decided to become more directly involved in the daily management of the branch in Egypt and I am very happy to have Cherif Barakat joining us to strengthen our management team in Egypt as we transition to becoming only the second foreign listed company to have been issued a gold mining licence in Egypt.'
Operations update
About Aton Resources Inc.
Aton Resources Inc. (AAN:TSX-V) 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 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 mineralisation. Abu Marawat is 447.7 km2 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, as are the international airports at Hurghada and Luxor.
For further information regarding Aton Resources Inc., please visit us at www.atonresources.com or contact:
TONNO VAHK
Interim CEO
Tel: +1 604 318 0390
Email: [email protected]
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.
SOURCE: Aton Resources, Inc.
Get a daily dose of BC Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.
More InformationWASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
(Photo credit: Kiyoshi Mio-Imagn Images) Yainer Diaz hit a home run and Framber Valdez recovered from a wobbly start as the visiting...
(Photo credit: Ken Blaze-Imagn Images) Spencer Torkelson hit a solo home run and Casey Mize pitched seven dominant innings in a combined...
(Photo credit: Ken Blaze-Imagn Images) Spencer Torkelson hit a solo home run and Casey Mize pitched seven dominant innings in a combined...
(Photo credit: Wendell Cruz-Imagn Images) The Milwaukee Brewers expect first baseman Rhys Hoskins to miss 'a few days' after he exited...
(Photo credit: Gary A. Vasquez-Imagn Images) The Los Angeles Dodgers could soon welcome back starting pitcher Blake Snell and reliever...