Newton Interviews Aton On Regional Exploration Pt. 2

Aton Resouces Inc.
mcampbell@atonresources.com,
+201275911225
https://www.atonresources.com/
Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu
Marawat concession is located in Egypt’s Arabian-Nubian Shield. Abu
Marawat is over 738 sq. km in size and is located in an area of excellent
infrastructure, a four-lane highway, railway line, a 220kV power line and
a water pipeline are in close proximity.
2017 REGIONAL EXPLORATION Pt. 2 -- TABLE OF CONTENTS
Sir Bakis with Mr. Paul Angus $AAN Aton Resources....................................... 1
The Sheeted Vein Swarm at Sir Bakis with Mr. Paul Angus $AAN ................... 10
Trenching at Sir Bakis with Mr. Paul Angus $AAN Aton Resources ................. 19
The Miranda SW IOCG $AAN Aton Resources ................................................. 26
Introducing Waayrah, a VMS Target for Aton Resources $AAN ...................... 35
A Grab Sample from Waayrah $AAN Aton Resources .................................... 45
A Satellite Image of Waayrah $AAN Aton Resources ..................................... 55
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Sir Bakis with Mr. Paul Angus $AAN Aton Resources
In this excerpt from my interview with Mr. Paul Angus, Regional Exploration Project
Manager for Aton Resources, we discuss regional exploration at Sir Bakis. This
transcript discusses a photo from a grab sample near Sir Bakis and the broader
geology of the Sir Bakis area, which was published on CEO.CA in October, 2017.
Peter Bell: Hello, Paul. Thanks for sharing this photo of the regional exploration team in
the field here.
Paul Angus: Yes, this is me with Abdelhaleem Assran. We run the regional exploration for
Aton. He's one of our Egyptian national Senior Geologists. We explore the
Concession together and I think we make quite a good team.
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Peter Bell: Is that a leather hat you've got there?
Paul Angus: Yes, it is. It was too warm, I have now traded it in for something lighter weight.
This was earlier on in the year when it wasn't as hot as it is now.
Peter Bell: And these rocks in this photo, what are we looking at?
Paul Angus: We're looking at a quartz vein. This is quite big quartz vein to the north of the
main mine at Sir Bakis. Just across from us, to the left of the picture, there was
a 32.9 g/t Au sample taken as a grab sample from another sub-parallel vein.
There are some nice results out of these areas.
Peter Bell: Is this the main vein that we first talked about at Sir Bakis?
Paul Angus: No, this is another vein just to the north east of the Main Vein. The Main Vein is
directly behind the photographer, approximately 200m away.
Peter Bell: And it goes towards the vein swarms that we talked about?
Paul Angus: Not exactly. The Vein Swarm is to the north west of us, about 300m away
behind Abdelhaleem’s back.
Peter Bell: OK thanks that gives me a better understanding of the orientation of the veins
and workings.
Peter Bell: This vein looks to be very large. Is it 5 meters across?
Paul Angus: It is actually off-set slightly in the middle of the photo there and it makes it look
a bit thicker than it actually is. It's about 3m meters across. It's not quite 5
meters, but I can see how you think that as we are looking at it obliquely in this
photograph.
Peter Bell: Great, thanks. Have you sampled this vein?
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Paul Angus: Yes, we have. There is a sample from this vein that came back at about 1.2 g/t
Au. The altered granodiorite host rock along the margins also contain
anomalous gold grades. As I mentioned before we also sampled another sub-
parallel vein nearby that assayed 32.9 g/t Au.
Peter Bell: Great. And that was just from a chip sample?
Paul Angus: Yes, we chipped a sample from that quartz vein pretty much where we are in
this photo.
Peter Bell: When you're taking a chip sample like that, is there any visual indication that
one spot may be juicy? This is not visible gold, is it just kind of a blind sample at
this point?
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Paul Angus: Yes, this one was didn’t look too promising but it came back OK. We have found
visible gold in some of the other quartz veins in this area though.
Peter Bell: Just to clarify -- is that intrusion I’ve marked the same one from the other
photos of Sir Bakis?
Paul Angus: Yes, that's the Younger Granite pluton to the north of Sir Bakis.
Peter Bell: OK, thank you. How does this fit with the deposit type of other targets?
Paul Angus: We are looking at Massaghat, Bohlog, and possibly Zeno as fitting with this kind
of “RIR” Reduced Intrusion Related gold system. Then, Semna, Abu Gaharish,
and possibly Black Gaharish are probably orogenic in origin.
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Peter Bell: Do we have any idea broadly about the sequencing of the intrusion related to
this at Sir Bakis versus the others that you just mentioned that have this same
type? And then how that relates to the different types? Lots to discuss there.
Paul Angus: We are thinking that the RIR styles of mineralization within these areas are all
genetically associated with the intrusion of these Younger Granites. The
mineralization at Semna and Abu Gaharish is strongly structurally controlled
and orogenic in character, but it’s not clear what the relationship to the RIR
style of mineralization is.
Peter Bell: Okay. Are we looking at a diameter of 40 kilometers around these targets, or
would it be larger than that?
Paul Angus: Not that big Peter, but it really depends which prospects we're talking about.
Massaghat is maybe five or six kilometers north-east of Sir Bakis. Bohlog is
about two kilometers away from Massaghat. These prospects occur within a
belt through the center of our Concession area, about 15-20 km long and
approximately 10 km across.
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Peter Bell: What fun. Looking at this regional map, we can see Sir Bakis is located in the
western side of the Concession. North of Abu Garida and east of Hamama, in a
large area indicated as having intrusion-related and orogenic gold potential.
The company has a resource on Hamama from Q1 2017 and another resource
far to the north-east at the Abu Marawat deposit. Lots in between with Sir Bakis,
Massaghat, Bohlog, Zeno, and much more.
Paul Angus: Yes, there's lots to look at. It's a big area for us to work on. There are many
interesting places for us to do more work.
Peter Bell: How do you tackle something so big?
Paul Angus: It's a big area, but there's a lot in it that is very interesting. It’s just a matter of
priorities and hard work. We are using remote sensing and satellite imagery to
identify potential areas for field investigation and then it is a matter of getting
boots on the ground, looking at the geology, and sampling promising
structures and lithologies.
Peter Bell: Great, thanks Paul. I will just point out that there is a desert track that goes
fairly close by Sir Bakis. Is that how you got the excavator at site?
Paul Angus: Yes, it’s actually a fairly well maintained dirt road that goes to a quartz quarry
to the south of our license area, and then further. We brought the excavator in
from Kilometer 85 along that track on a low loader.
Peter Bell: Looks like a distance of 25 kilometers – not bad.
Paul Angus: Yes, approximately, maybe closer to 20 km. Kilometer 85 is a Bedouin

settlement located on the main Qena-Safaga highway, which is a great road.
Peter Bell: I've seen photos of the road with the sign of the Abu Marawat Concession. The
road is paved -- is it four lanes?
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Paul Angus: Yes, it is. It’s in very good condition and it makes getting to site from Hurghada
or Luxor very easy and comfortable.
Peter Bell: Is it a separated highway, too?
Paul Angus: Yes it is.
Peter Bell: Thinking back to where we were in the first photo, looking at the vein extending
to hillsides to the north. How far away was that on this map?
Paul Angus: It's difficult to show it on this scale map because the vein extends for 1.6
kilometers, which is pretty small on this scale of map. It would be basically
hidden underneath the mine symbol at Sir Bakis.
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Peter Bell: Right. And that really captures the situation facing Aton Resources in a
nutshell. A 2 kilometer vein is just a blip on the full map. I would like to briefly
ask about the rock types here at Sir Bakis. We have metavolcanics and Younger
Granites. Is the metavolcanic the host rock?
Paul Angus: No, the rocks hosting the mineralization at Sir Bakis are mainly basement
granodiorites, shown in pale purple on the map. To the south of the Sir Bakis
mine the vein also extends into metasediments, which occur within the general
metavolcanic package.
Peter Bell: Exciting. Does the mineralization concentrate on the edges of the Younger
Granites, in some sense?
Paul Angus: Yes it does appear that way and all of the areas around the periphery of these
granitic intrusions have potential for more intrusion related mineralization and
that is where we are focusing a lot of our regional exploration efforts at the
moment.
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Peter Bell: I see the words granitic basement and other basement granitoids. What's the
difference between the Younger Granites versus the granitic basement? These
Younger Granites came in afterwards, I guess.
Paul Angus: Yes, these are younger than the older granitic basement. The Younger Granite
intrusions will have forced volatile fluids through the system, creating zones of
alteration and mineralization.
Peter Bell: This granitic basement, does that refer to granite intrusions that were lower or
older?
Paul Angus: Older. The rocks of the granitic basement were formed within an island arc
setting and are related to the volcanic arc subduction which occurred in the
Neoproterozoic Era. The later emplacement of the Younger Granites was
controlled by regional tectonic lineaments and structures, and was associated
with the late phase of Dokhan volcanism and continued through into the post-
orogenic or post-cratonization phase.
Peter Bell: I would imagine that some interesting things can happen there.
Paul Angus: Certainly, the development of the Arabian-Nubian Shield was very complex,
and this is one of the reasons why we've got so many different prospects to
look at within the Concession area. The complex tectonic history of the region
is the reason we have such a diverse suite of mineralization types; as Mark
Campbell says, ‘the Concession is like a geological Disneyland’ and that is why
it makes it such an interesting place to work.
Peter Bell: Thank you, Paul. I think you just answered a bunch of questions for me and
opened up many more new ones. What a great conversation. I hope your
travels to site go smoothly and your time there is productive. I look forward to
talking with you again!
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The Sheeted Vein Swarm at Sir Bakis with Mr. Paul Angus $AAN
The second in a series of articles with Mr. Paul Angus, Regional Exploration
Project Manager for Aton Resources (TSXV:AAN) goes into detail on the sheeted
vein swarms at the Sir Bakis prospect. Read on to find out about rainstorms in the
desert.
As in the news release from September 13th, “the presence of narrow structurally
controlled shear veins and vein swarms or sheeted vein systems” are one of
several key features associated with reduced intrusion related gold systems. Sir
Bakis is the first such prospect discussed publicly by the company and Aton has
good reason to believe there is potential for a significant belt of this style of
mineralization within the Concession. See the full news release here:
https://ceo.ca/@nasdaq/aton-announces-new-regional-exploration-results-
from
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Peter Bell: Starting again with this picture looking north onto the Main Vein at Sir Bakis
here – this X marks a spot where you’ve taken another photo looking in
roughly the same direction, right?
Paul Angus: Yes, approximately. We have a couple of photos just over that hillside,
actually. One shows the main sheeted vein swarm area and another shows
trench SBT-001, where we intersected decent mineralization.
Peter Bell: SBT-001 – Sir Bakis Trench #1! Alright.
Paul Angus: That's right. SBT-001 is pretty much right at the bottom of the valley area,
over the ridge where you’ve marked an X Peter. It runs from right to left in
this picture. We intersected 109 meters at 0.21 grams across that. The vein
swarms are very interesting, too.
These are little scars that run across into the distance – intermittent scars on
the landscape. There are small ancient workings where they scratched at the
surface looking for gold. These are workings within shears which host quartz
veining.
Peter Bell: OK, that makes sense.
Paul Angus: Yes, they pinch and swell. They twist a little bit from time to time, but they
generally run in that north-south direction.
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Peter Bell: Just to clarify – was this photo of the vein swarm taken looking back towards
the spot where the first photo was taken?
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Paul Angus: No, it's still looking the same way. It was taken from a spot just over the little
ridge where the processing plant is, looking off towards the north; in the same
direction.
Peter Bell: Looking up towards the pink granite intrusion to the north.
Paul Angus: Yes, but you can't quite see it as you're not up on a hill anymore. It can be
difficult to get your bearings from a couple images like this.
Peter Bell: Well, this photo shows some pretty clear features. Amazing to think that
these scars in the photograph are historical mine workings. They would have
just dug in from surface, eh?
Paul Angus: A lot of these scratchings are just at surface, but some of them may go down
to three or four meters depth. I have not managed to get into them yet
because they are quite narrow.
Peter Bell: Are any of them really accessible?
Paul Angus: You can get into some of them if you're quite small, but most of them are
infilled and inaccessible. They're also a bit collapsed in places, the bigger
workings in this area, in particular. There are some off to the right towards
the north-east and others to the left towards the west. They could be
accessed with the right equipment.
Peter Bell: Okay.
Paul Angus: Some are accessible with ladders and ropes, but we need to prepare to go
inside those and explore. Safety is the first thing to consider.
Peter Bell: Interesting. In passing, I wonder if there is potential to use ideas from
Outward Bound to help training a geological exploration team in a setting like
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this. When the old-timers were mining here, how did it look? Was there any
overburden?
Paul Angus: A lot of the mineralization would have been exposed at surface. They would
have targeted it just by looking at shears and quartz veins on the surface. And
they would have just dug down into it. Some of the surface rubble is spoil from
where they've been digging, and some of it is run-off from later wash outs.
Peter Bell: Have you encountered anything at surface?
Paul Angus: Yes, certainly. We've been trenching in this area, after all. Just to the bottom
of the photograph we put a trench across which was the SBT-001 which hit
109.1 meters at 0.21 grams gold. A nice wide intersection of low grade gold
mineralisation, especially bearing in mind that the highest grade veins would
have been mined out at the surface.
Peter Bell: Wow. Was that section right there in the photo, or somewhere else?
Paul Angus: Yes, it is roughly there. From the bottom left corner running across the
bottom of the photo.
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Peter Bell: And how wide was the trench? A meter?
Paul Angus: A meter and a half, yes. A lot of it was dug by clearing the side of a drainage
channel in the area as it made it easier for the excavators to trench.
Peter Bell: And that's a natural drainage feature?
Paul Angus: Yes, there is a natural drainage feature running down there and we used that
as access for the excavator to get in there and dig a trench.
Peter Bell: Sorry, what is it draining there? They don't get any rain out there, do they?
Paul Angus: Yes, it does rain. It is rare, but can be quite heavy.
Peter Bell: Really? Okay. That would have a significant impact on the appearance of the
surface.
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Paul Angus: Yes. We often see it reflected in the size of some large wadis – there’s
evidence of a lot of water moving through there in a short space of time, and
you certainly can get isolated flash flooding in the desert, although it is still a
very dry part of the world.
Peter Bell: Is that like a 12-hour period of time?
Paul Angus: I'm not sure. The only time I've been there when it's rained, it was only 10
seconds of rain. That was it. I haven't quite managed to see these flash floods.
Peter Bell: It rained for 10 seconds and then it just stopped?
Paul Angus: We had a couple of drops on the roof of the office. We all ran outside to see
what it was and then it stopped.
Peter Bell: Did it make a racket? Was it pretty like an aggressive rainstorm?
Paul Angus: No, this one was quite light. They had an aggressive rainstorm, which caused
some minor damage a few days later, after I had left site, but that happens
very rarely.
Peter Bell: This talk of water makes me think of placer gold mining. Any history of that
here?
Paul Angus: Yes, historically the wadi’s have been mined for gold in many places on our
Concession. In some places it looks quite extensive but placer mining is
difficult here because you don't have water to wash your gravels with.
Peter Bell: I wonder if there's an opportunity for new technology there – maybe a
graphene sieve to catch gold for placer mining without water. Do you
generally find fine gold?
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Paul Angus: There will be fine gold. We also have anecdotal evidence of nuggets of gold
being found as well. We do see visible gold within the Sir Bakis area. We have
seen it in other areas as well.
Peter Bell: In chunks of rock from boulders?
Paul Angus: Yes, usually in chunks of vein quartz. We find them within weathered
sulphides and sheared material.
Peter Bell: And this is a pretty extreme environment. Does oxidation affect the sulphides
here?
Paul Angus: We do find a lot of weathered material at surface in this area. In the
underground area, you can actually see sulphides but they are minor. We don't
have large amounts of sulphide material in the quartz veins at Sir Bakis. The
veins exhibit low levels of accessory sulphides, pointing towards this
intrusive-related style of gold mineralization.
See the full quote from the September 13th news release here,
“The Main Vein at Sir Bakis, which was the focus of the modern underground mining, can be
traced at surface for a distance of some 1.6km in a N-S strike direction. The Main Vein is
considered to be a shear vein and was mined at widths of up to 1.5m underground.
Approximately 600m NW of the adits there is a zone of narrow sheeted veins which has been
worked extensively at surface to shallow depths in ancient times, known as the NW Vein
Swarm. The Vein Swarm is approximately 400m along its’ N-S strike length at surface, and in
excess of 100m in width. There are also a number of other major veins in the area, to the NW of
the modern mine workings, and numerous smaller veins and shears through the area which
have been worked by the ancients. Limited previous sampling at Sir Bakis by the Company in
2014 has returned assays of 4.79 g/t Au from underground, and 2.38 g/t Au from surface
channel sampling.”
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Trenching at Sir Bakis with Mr. Paul Angus $AAN Aton Resources
The third in a trio of articles with Mr. Paul Angus, Regional Exploration Project
Manager for Aton Resources (TSXV:AAN) goes into detail on the trench sampling
done at the Sir Bakis prospect. This was a “first pass surface trenching” program
at Sir Bakis and it returned a “highly anomalous” surface intersection of 109.1m
@ 0.21 g/t Au. An encouraging initial result. What will it mean for the company
in the future?
Peter Bell: Look at that.
Paul Angus: Yes, that is the trench we're talking about -- that's me in the foreground.
Watching an excavator dig a trench. That is part of that 109-meter
intersection that we're looking at being excavated now.
Peter Bell: Does the trench keep going back around there?
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Paul Angus: It does go around that corner a little bit, but that is pretty much the end we
can see at the foot of the hill in the background. It extends along in front of
me.
Peter Bell: How much further does it go off to the right side of the photo there?
Paul Angus: The trench was about 280 meters in total. The picture shows part of the
western section of the trench where we hit 109 meters of gold mineralization.
The rest of the trench, off to the right side of the photo, also exhibited some
zones of anomalous mineralization.
Peter Bell: Do you know where did the mineralized areas of the trench start to pop up?
Paul Angus: It started from the corner behind the excavator and extended in front of
where I'm standing and is generally hosted within highly sheared and altered
granodiorites, with thin steeply dipping sheeted quartz veins within the
shears, which pinch and swell along strike.
Peter Bell: Great, that's looking pretty hot. And how do you sample a 200-meter trench?
Paul Angus: Nominally, we use a two-meter sample length but that changes due to shear
structures, veins, and host lithology. We take samples from two-meter
sections, but make some shorter to delineate the grade within different
geological zones.
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Peter Bell: Is it the way I'm drawing on the picture here?
Paul Angus: Yes, it is the sidewall along the edge of the hillside. We took samples all the
way along the edge of the trench there. Instead of completely excavating a
new trench in this case we followed the topography where possible, that is the
small gully that you can see, and excavated a clean face along it to sample.
Peter Bell: And these trench samples are basically rock chips from the trench wall. And it
looks like those are from the left side on the picture or the south side of the
trench.
Paul Angus: Yes, we took those samples from the south side in that section of the trench.
Peter Bell: And from one two-meter section, would you take say 10 bags?
Paul Angus: No, each two-meter section would have one bag; one sample. We take a
sample chipping a channel along sidewall of the trench.
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Peter Bell: Great. And I think I see something that looks like another historical working on
the picture, too.
Paul Angus: Yes, there are several ancient workings in this picture. There are lots of
surface scratchings running from left to right in the area near the excavator.
You can also see a white line that runs along the ridge in the background of
the picture. That is another larger quartz vein, which is the potential faulted
offset extension of the Main Vein that we discussed in our talk on the Sir Bakis
Main Vein. That continues along to the right, as you can see.
Paul Angus: This Vein Swarm area is a concentrated zone of shears and associated sheeted
veins, which we see as having the potential to be a zone of low-grade bulk
tonnage gold mineralization.
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Peter Bell: How does the orientation of all this fit with the Main Vein that we looked at in
our first introduction to Sir Bakis?
Paul Angus: It's still approximately north-south, but it is slightly offset to the west of the
strike of the Main Vein.
Peter Bell: How does the picture of the vein swarm that we were looking at in the prior
photo relate to this trenching location?
Paul Angus: That's actually the area to the right, just above my head. This photo was
taken from the east of the Vein Swarm, so we’re looking approximately to the
west, with north to the right side of the photo.
Peter Bell: Really?
Paul Angus: Yes. The other picture of the swarms in the previous talk was taken at
approximately the location of the excavator in this picture. We were looking
from the excavator diagonally up to the top right corner of this picture. The
whole area on the right hand side of this picture is what we were looking at in
the previous picture. You will recall that we were looking to the north when
looking at the vein swarm, this time we are looking approximately to the west.
Peter Bell: Thanks, that helps triangulate things a bit here.
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Paul Angus: And you were picking out those workings, Peter, but look at this area above
my head. There is a working there, which you can actually see in the other
picture. I believe it appears on the bottom-right side of the picture. You may
not be able to see that exact one, but that is the area that we're looking at.
Peter Bell: And just to clarify all this. When you are standing there in this photo, looking
out at the trenching, there are extensive historical workings to the left and
right of you. What a rich setting.
Paul Angus: Yes, it's a great spot to be exploring.
Peter Bell: And here you are with all the equipment still doing the excavating work for the
trench samples! When these exploration projects advance into development
and operations scenarios, they really become big construction projects.
Paul Angus: Yes, indeed. As we discussed, the access here is great. A very exciting place
for us to be starting to explore.
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Peter Bell: I believe you said that the miners had followed high-grade material before.
Always interesting to hear mention of high-grade gold. I wonder how that
affects what you expect to find in exploration?
Paul Angus: Certainly some of the higher-grade gold material has been removed by the
ancient miners. Some of these workings in the 109-meter interval that we
have been discussing have been mined to a shallow depth of a few metres by
the old timers. We know that some of the quartz veins in the general Sir Bakis
area assay up to several ounces of gold per ton. If they took the higher-grade
material, so it was no longer there for us to sample, but it continues below the
scratchings and narrow workings then things could get interesting when we
start to drill down into the mineralization below the zones that were mined at
surface.
Peter Bell: Thank you for discussing all of this with me, Paul.
Paul Angus: You're welcome, Peter. It's great to show what we're looking at out there.
“Results from the trenches are also encouraging with anomalous results being returned from
all 3 trenches (see Table 1). The best results were obtained from the western end of trench SBT-
001, (see Figure 3), which intersected a highly anomalous interval of 109.1m @ 0.21 g/t Au,
over the NW Vein Swarm. The NW Vein Swarm was marked by many shallow, narrow ancient
workings, typically less than a meter in width to a maximum of 3-4m depth, with the highest
grade quartz veins having been removed by the ancient miners. It is therefore considered
probable that the trench assays would therefore have considerably underestimated the true
grade of the mineralized interval, prior to the ancient shallow mining activity.”
See the full news release from September 13th 2017 here: https://ceo.ca/@nasdaq/aton-
announces-new-regional-exploration-results-from
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The Miranda SW IOCG $AAN Aton Resources
In this interview with Tim Neall and Javier Orduña from Aton Resources
(TSX.V:AAN), we discuss a couple photos from the field at the Miranda SW IOCG
target. This target is located on the southern end of a belt that extends to the
Abu Marawat deposit, for which the company has a resource estimate. Watch out
for more info about this area, where three mineralizing trends appear to come
together.
Tim Neall: Hi Peter.
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Peter Bell: Hi Tim, pleasure to talk with you for first time. Chatted with you for 30
minutes before this, and just wonderful to share insight with you. Friday and
you're out at the camp. Thanks for taking the time.
Tim Neall: You're welcome, Peter. Not a problem as we don't have much to do on Friday
nights here.
Peter Bell: Well, let's keep going all weekend!
To start with, let’s discuss this photo of the Miranda SW IOCG target. I have
heard about the Miranda gossans from Mark Campbell since our first interview
last year, but I understand that things are changing there. It looks like an
amazing photograph. Please tell me what we're looking at here, Tim.
Tim Neall: Sure, Peter. You're looking north on this photograph. You're looking along the
strike of one of the gossanous IOCG vein zones.
Tim Neall: The area that you've circled in pink is a small ancient quarry on one of these
iron oxide-rich, copper-gold quartz veins. That group of veins runs across the
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valley, which runs east-west between the ancient quarry and the people in the
foreground. Basically, the guys are standing on the southern continuation of
the same vein zone.
Peter Bell: The southern end of a substantial area of mineralization. The longest
dimension is to the north, right?
Tim Neall: The structure itself carries on to the south for another 300-400 meters
approximately before it disappears under Wadi Semna. But the whole
mineralized zone strikes at least 2km in a north-south direction. The
structure dips to the west, which is to the left of this photograph. It dips to the
west at approximately 35-40 degrees. In this area I'd say there's probably
about five main veins, typically ranging between probably two to four meters
in thickness.
The area of interest forms the tops of those dark inclined ledges on the left-
hand side of the photograph. The zone is probably 60-80 meters true
thickness and typically comprises 2-4 larger IOCG veins. Again, each of those
veins is probably 2-4 meters in thickness, dipping to the west.
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Tim Neall: There is another photo that may be helpful in seeing all of this. We actually
have a photo taken from the other side of this valley. In fact, this next
photograph was taken at the small ancient excavation you circled before and
it is looking back towards the hill top where the group of 3 people are
standing. The IOCG veins appear to dip in the other direction in this photo
because we are looking in the other direction, but the veins are much more
prominent in this other photo.
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Tim Neall: As you’ve marked in the photo, Peter, the individual veins of outcrop in several
places and their general dip is about 35-40 degrees to the West. There are
also some old workings visible in this photograph, but you haven’t marked
them there. You can also see the alteration zone that carries veins, which is
60-80 meters as you’ve indicated.
Peter Bell: Thanks, Tim. Great to see a photo looking back from the other direction. That
looks like the kind of hillside that would get a geologist all excited. I love the
outcrop showing along the ride there. It all helps me appreciate why these
things have been mined over thousands of years. Looking back at the first
photo, I've marked an “x” to show part of a historical working.
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Tim Neall: That's right, Peter. Anwar, in the immediate foreground, is actually standing in
a small ancient working.
Peter Bell: And it gets quite deep, right? Does it get to be 10 meters deep?
Tim Neall: Just to the south of where Anwar is standing, so behind the photographer,
there is a deeper working which is about 5-6 meters deep. The structure in it
was about 3 meters thick.
Peter Bell: That is slightly less than the 4 meters width you just mentioned. Is there a
large amount of variation in these widths along strike?
Tim Neall: Yes, they pinch and swell to some extent, but are parallel to the stratigraphy.
These historical workings were dug into the vein where it outcropped. There
are a series of excavations all the way down the hill, as the veins are roughly
parallel to the hillside as it dips to the west, which is to the left hand side of
this photo. Where the veins were exposed at the surface on the hillside the old
guys mined them. You can see many of these workings down the hillside in
this area, although most have collapsed, and are partially or largely filled in.
The depth of the ancient excavations varies. The one which Anwar is standing
in is only about a meter deep. It may have been a lot deeper originally. We
believe some of these ancient excavations are as much as 10 or 20 meters
depth.
Drilling has shown that one particular very large ancient working goes down
over 30 meters at the old mine at Abu Marawat, we drilled through it at a
depth of 30 meters. We don't know how deep they go.
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Peter Bell: Great, what fun. I wonder if you could do some neat 3D geophysics here to get
a handle on that. If you can use historical mining to guide exploration on
surface, then you can use it underground too!
Javier Orduña: Well, we’re planning to do some ground geophysics in this area quite soon.
Tim Neall: Peter, you mentioned the colour of the rocks earlier on. The paler pinkish-
buff colored material is hydrothermally altered rock. Basically, the original
volcanic rocks have been altered to form a mixture of fine grained quartz and
sericite, with iron oxide disseminated through it.
Peter Bell: Really.
Tim Neall: The iron oxide gives it the pink color that you can see on the distant ridge and
down in the valley. It forms a broad ‘envelope’ in which these veins occur. All
this pink material is part of a broad regional zone of hydrothermal alteration.
It is much broader and more extensive than is indicated in this photo.
Peter Bell: OK. Would you say that is unusually large, the total alteration zone?
Tim Neall: Yes, I would say so. I haven't seen anything larger than this before and I have
worked on several similar projects.
Peter Bell: Right, these areas I've circled are just an example. As we discussed, this type
of thing repeats over a width 60-80 meters along the surface with 5 main
structures. And I believe all of this extends over several kilometers along
strike, too. The Miranda West IOCG!
Tim Neall: Yes, that's right Peter.
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Peter Bell: Is there some of this same pinkish material right behind the group of people in
the photo?
Tim Neall: Yes, probably. Some of that is probably spoil that was thrown out by the
ancient miners.
Javier Orduña: Can I just mention the size of the alteration zone again, Peter. We've mapped
this zone of gossanous quartz IOCG veins for about 2 kilometers striking from
north to south. We also have a coincident spectral anomaly, which we have
identified from our remote sensing studies, and is reflecting a large zone of
regional hydrothermal alteration. This zone of intense hydrothermal
alteration is apparent on this photo as the paler, pinkish material. This zone of
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hydrothermal alteration extends over a strike length of some 7-8 kilometres

covering much of the stratigraphic package from Miranda SW up to Abu
Marawat at its northern end. This would indicate the presence of a substantial
hydrothermal system in this corridor between Miranda and Abu Marawat,
which is presumed to be driving the mineralization that we see at these 2
localities.
Peter Bell: Great. Thank you, Javier. That belt is clearly indicated on the map of the
Concession. It is not far from an interesting area where three belts seem to
come together in some way. There is this epithermal belt with the Miranda SW
IOCG, the VMS belt that appears to be connected to the VMS target at
Waayrah, and then the reduced intrusive related gold belt with targets like Sir
Bakis.
Javier Orduña: That’s right, Peter.
Peter Bell: I had looked at that map a bunch of times on my own, but I never appreciated
the mystery of that. I look forward to getting into that with you at some point.
For now, is there anything else you'd like to tell me about Miranda SW?
Javier Orduña: The area where these different mineralizing trends come together is certainly
structurally complex. We do have more work planned for Miranda SW, and
we’re looking to do some geophysics there in the near future
Peter Bell: Thanks Javier and Tim, pleasure to chat with you!
Tim Neall: Thanks Peter. You as well.
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Introducing Waayrah, a VMS Target for Aton Resources $AAN
Aton Resources (TSX.V:AAN) has made an important discovery with Waayrah, the
first target that appears to fit a classical VMS model at the Abu Marawat
Concession. The company announced a resource estimate on Hamama West last
year, which is a hybrid epithermal-VMS style deposit. I had the opportunity to
discuss this over several hours on September 22nd with Javier Orduña and Tim
Neall. This classic VMS target adds to the geological variety at Abu Marawat
Concession.
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Peter Bell: Hello, Tim. This first photo of Waayrah is intense. To start, I will point out this
person. Is that you?
Tim Neall: Yes, that was me. I believe this photo was taken on our third trip to site.
Peter Bell: And when you're walking this ground, do you get a sense for what you’re
looking at?
Tim Neall: Yes, I certainly did as I’ve worked on this type of deposit before. Each deposit
has its own unique features, but this one seems to fit the standard model of a
VMS quite well.
A key feature in this photo is the large pit in front of me. The pit we can see here
extends approximately 45 meters across and 10 meters deep, but as its
collapsed we don’t know how much deeper it goes. It is an ancient mine site.
The flat area just behind me in the photo is where they were hand cobbing the
mineralized material from the outcrop of the gossan. They separated out the
rock they wanted from the waste rock by hand and threw the waste down the
hillside, which we can still see today.
In fact, that footpath going off to the left side of the photo goes around the hill
to some more pits, which are around the corner in a gully. And those pits are
the southernmost end of the known mining here – at that point, the VMS
horizon is cut off by a fault and we haven't found the mineralization beyond this
fault.
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Peter Bell: Okay. And we are looking to the south this photo?
Tim Neall: Yes, more or less.
You can see another path that goes to the lower-right side of the picture and it
actually continues past the photographer to the right. That path runs to
another series of pits located north of this large one.
Peter Bell: We have another photo of that to discuss, but before we do I would like to ask
about out something you said. Did I hear you right that you encountered the
end of the known mineralization a few hundred meters to the south?
Javier Orduña: Yes, Peter. The mineralization is cut off at surface by a fault on a very steep
gully. We have not been able to track it any further south. It may continue but
it's been offset by a fault and due to the nature of the exceedingly steep
topography here we haven’t been able to identify any mineralized outcrop
further to the south. That doesn't mean that it can't continue somewhere
further south, of course.
Peter Bell: In a way, I am glad to hear that. You are nearing the southernmost boundary of
your concession area, and I imagine it would be a bit frustrating to find some
exceptional gold just outside your area.
Tim Neall: I don't think it will be a problem as there's no adjacent license holder to the
south. The next license is probably 200 kilometers further south of this license
boundary.
Peter Bell: And your Concession extends nearly 20 kilometers due north from Waayrah –
the distances here are just staggering.
A quick question about some rocks that I see on the hillside in this photo, the
ones covered by shadows. Are those rocks indicative of something of interest?
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Tim Neall: The blocky rocks on the top of the hill are felsic sub-volcanic intrusive rocks,
probably rhyolites or maybe rhyodacites. They look to be high level hypabyssal
sub-volcanic intrusive bodies.
Peter Bell: Way over my head, Tim, but I’d be happy to unpack all of that with you at some
point. Thank you.
Now, this photo is taken at surface and there is opportunity for extensive
weathering here. We've talked before about the enrichment of gold in gossans
that may have occurred here and how the natural chemical processes lead to
concentration of gold in the rock. A familiar story to many, but something new
for this project – particularly with these high-grade samples of gold, zinc,
copper, and more.
Tim Neall: That’s right, Peter. The development of a gossan, similar to what we're seeing
at Waayrah, is a very typical surface expression of volcanogenic massive sulfide
deposits. Where you have bodies of massive sulfide mineralization exposed at
surface, the chemical interaction of the sulfide minerals and rainwater or
groundwater produces sulfuric acid, which promotes preferential weathering
down the sulfide body. This weathering process results in what is called a
“gossan”, which is basically the weathered and oxidized portion of the primary
massive sulfide mineralization.
What you tend to see in these massive sulfide gossans is significant enrichment
of gold. In some cases, you may also get significant enrichment of the base
metals, like zinc and copper. The more soluble metals, such as the base metals,
may have been concentrated later in the gossans by fluctuations of
groundwater levels. From the surface sampling that we've done at the Waayrah
gossan, we're getting very good grades of gold, silver, zinc and copper.
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Peter Bell: Amazing. Encouraging to step back and consider that this is a relatively new
discovery for you.
Javier Orduña: Yes. We identified the area from imagery and remote sensing in the past, and
this year we’ve had the resources to be able to get out there and progress our
regional exploration program. We were keen to put some boots on the ground,
identify targets from the imagery, and to get out there and have a look around.
That is exactly what we did.
The guys climbed up an exceedingly steep hill to get up to the workings. They
did it because they wanted to visit these ancient workings and sample them,
which yielded some pretty encouraging results.
Peter Bell: Let’s have a look at this other photo, which is looking in the opposite direction
to the north. The photos were both taken along the area of ancient mining
along this ridge. I believe this photo was taken further up the hill in the first
photo, looking back down onto the spot from where the first one was taken.
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Javier Orduña: Yes, that’s right Peter. The big pit there in the front of the picture is the same
one as we were looking at in the first photograph. In this case, we're on the
south side of it and we're now looking north. You can see the line of pits, which
extend north along this VMS horizon.
Peter Bell: And this big pit was where you found a grab sample with approximately 1-gram
gold and 25% zinc. I believe this big pit is indicated on a map included in the
news release on all this from June. I look forward to hearing more about what
is underground there, both the ancient workings and the mineralization. Early
days here.
Javier Orduña: Yes, it is early days but we're pretty hopeful that we've identified a VMS gossan
that is sitting on a body of massive sulfide mineralization.
Peter Bell: OK, thanks Javier. I imagine it’s just great when one of these things fits an
established model. It is great to see these mountains in the distance on this
photo looking north – they are probably located in the Abu Marawat
Concession! Impressive to see the scale of the landholding here from the
ground.
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Javier Orduña: Yes, it's a big landholding. Some places are pretty rugged and it's not always
easy to get into some of these places. Again, when the guys first visited this
place they walked up from a wadi to the left of this picture from the west. They
probably came 200 meters up a pretty steep hillside to get to where they were.
There's a lot of ground that needs to be covered and not all of it is easy to get
into.
Tim Neall: Yes, we kept going up the hill because we kept stumbling across ever bigger
blocks of blue copper-stained material.
Peter Bell: Glad to hear there was a good reason for it all! What about the road off to the
east in the map from the news release?
Tim Neall: We actually drove up to a small quarry there in the morning, approaching it
from east on the first occasion. We looked at the quarry which the Bedouin
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claim was a pigment quarry and thought that it looked interesting and there
appeared to be older workings high up on the ridge. We came back later in the
day and tried the other side of the hill to see if we could find an easier approach
to access the ridge. It was much more rugged coming up that way but it did give
us the opportunity to look at the rocks on the other side of the ridge. When we
got to the top we realized that the route up from the recent quarry is shorter
though equally steep.
Peter Bell: And you have been back there several times now?
Javier Orduña: Yes, we've been back quite a few times.
Tim Neall: On later visits we also wanted to pursue the structures further to the north,
going over the ridge north of the quarry. Subsequently we have managed to
successfully identify two of the structures in the rugged valley on the other side
of the hill to the north.
Peter Bell: Glad to hear you persevered and made it to the up there.
Javier Orduña: I would mention that the quarry is also interesting, Peter. It was worked
relatively recently, compared with the ancient workings at the top of the ridge
where we took these photographs. We're not sure exactly when the quarry was
worked, but we think it was probably worked about 10 years ago, or maybe a
little more. Some of local Bedouin have told us that it was mined for an iron-
oxide material used for ochre pigment. We had no information about anyone
having mined here.
Peter Bell: And that quarry is down the hill, to the right side of the photograph looking
north.
Javier Orduña: Yes, that's right, accessed by the road from the east.
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Peter Bell: What an area at Waayrah.
Tim Neall: As in that picture from the news release, we have identified three zones of
interest. The best mineralization is in the western one, which contains the old
pit in the photos, on the crest of the ridge. The recent quarry is actually on the
eastern zone and it is weakly mineralized, but we're not quite sure what we’re
seeing in there yet.
Peter Bell: It’s encouraging to hear that you found the best stuff after the hardest climb,
isn’t it? It’s encouraging to hear about mining having been done at the site
thousands of years with these old pits, and maybe 10 years ago with this
quarry.
Based on this map from the news release, it looks like 200 meters from the end
of the road to the western zone – the one with the photos we’ve been
discussing. Do you have a sense of the change in elevation there, too?
Tim Neall: It is about 200 meters of change in elevation from the wadi up to the ridge,
coming up from the western side.
Peter Bell: That's a pretty serious hill.
Tim Neall: It's about 35 degrees on both sides. That may not sound steep but, believe me,
it is and it is covered with loose talus on both sides of the ridge.
Peter Bell: That sounds like a black diamond run at a ski hill! And you guys walked up and
down the backside. You took samples down from there?
Tim Neall: Yes, we carried them down. Just stick them in your ruck sac and carry them.
Easier to carry them down than up!
Peter Bell: I bet, Tim! Anything else you'd say about all this?
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Tim Neall: Lots, Peter. As I say, we did an initial phase of sampling and initial results were
good, with gossans containing up to 16 g/t gold, up to 25% of zinc and almost
2% copper. It certainly looks like a gold-rich VMS gossan. It bears similarities to
some other well-known deposits in the Arabian Nubian Shield with a gold-oxide
cap on top of primary VMS mineralization.
Tim Neall: We've released the initial results, but we have been back and taken some more
samples. We're still waiting on results to come back on them. We believe that
we've extended the mineralization further to the north at least in the western
and the central zones, which are the two zones we've focused on. We're
confident that we're looking at VMS mineralization and will move ahead with
geophysics as soon as possible.
Peter Bell: Wonderful. Thank you very much.
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A Grab Sample from Waayrah $AAN Aton Resources
In this interview, Mr. Timothy Neall and Mr. Javier Orduña help walk me through the
basics of Waayrah as a classic VMS target. It is exciting for Aton Resources
(TSX.V:AAN) to identify such a target at the Abu Marawat Concession, as these types
of deposits can be a company-maker.
Read on for a detailed discussion of this rock sample from Waayrah and the
geochemical processes at play in a VMS deposit. The picture of the rock sample was
included in a news release from Aton Resources in June.
Tim Neall: When we talk about gossan, we're talking about the red matrix you can see in
this photograph. The white is reniform hemimorphite and the red material is
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the gossan. Gossan is a rusty iron oxide that is generally soft and porous
formed by the oxidation of sulfide minerals. We talk about gossan a lot and
this is what we mean.
Peter Bell: Thanks, Tim. Seems simple enough but it's helpful. Can you tell us more about
what we're looking at here?
Tim Neall: Well, we see this type of material in in the largest of the ancient pits at
Waayrah. This sample is fairly typical red iron oxide gossan, some of it's a bit
darker brown because it contains manganese but it is basically the same stuff.
You've got layers of white hemimorphite and maybe some smithsonite, which
is zinc carbonate, in there as well. Although it's high in iron oxide it's not that
heavy because it's so porous.
I mentioned smithsonite before, it’s a zinc carbonate mineral. The primary

sulphide zinc mineral is sphalerite and it will weather to produce oxide zinc
minerals.
Peter Bell: It almost looks like a conglomerate rock, is it?
Tim Neall: No. A conglomerate is a rock composed of coarse rounded clasts, pebbles in
effect, in a fine grained sandy matrix. This rock is a product of weathering of
massive sulfide mineralization. The reason the hemimorphite forms bands
running through it is that you get a lot of mass wastage during gossan
formation. When the sulfide oxidizes, it generates sulfuric acid. That sulfuric
acid will leach out some of the components of the rock and this results in a
loss of mass or mass wastage, which is why this material is less dense from
the original. Mass wastage results in voids that then fill up with other
secondary minerals.
Peter Bell: Are we talking about a specific gravity of 2.0 here or something?
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Tim Neall: The density of the original massive sulfide would have probably been about 4,
maybe a little bit higher. After weathering, it is probably reduced to around 2-
2.5.
Peter Bell: That's a significant change in density of the rock. Does that affect
geochemistry or mineralogy and how does it affect the exploration geology?
Tim Neall: Initially, oxidation causes a loss of soluble metals. Particularly alkali metals,
zinc and copper but also some iron. Eventually you get a completely leached
cap with higher gold values because gold is not soluble and remains behind.
Just imagine if you lost 50% of the material in a piece of rock but kept
whatever gold was present - it doubles the gold grade. The white material in
the photograph is hemimorphite, a zinc silicate mineral, and this represents
the concentration of zinc. This may appear to contradict what I said earlier but
what actually happens is that some of the metal leached out from close to the
surface is later redeposited at depth, close to the base of the oxidized zone.
Peter Bell: Simple, I like it.
Tim Neall: All of this can get quite complicated of course. Eventually, you get a leached
cellular iron oxide cap over a zone of cellular iron oxide carrying oxide zinc and
copper minerals, like hemimorphite and malachite, over the residual sulphide
bearing zone. This is the classical model of gossan formation. In reality
seepage of ground or rain water into the oxidation zone dilutes the acid and
raises the pH, this creates local pH gradients that will often allow only specific
minerals to form so real gossans tend to be rather heterogeneous. From an
exploration point of view the characteristic colour of the outcrop tends to help
with identifying gossans, particularly in an area like the Eastern Desert where
there is practically no soil or vegetation to obscure them. The soft gossans
also tend to disintegrate rapidly when exposed and generate dispersion halos
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of fine particles which can be detected geochemically in samples of wadi

alluvium.
Peter Bell: Sounds like a change in pH and Eh there.
Peter Bell: When sulfide derived gossans are forming they generate very acid conditions
locally, however, the presence in this gossan of carbonate minerals that
cannot form under acid conditions indicates that at some point conditions
became less acidic. It’s possible that meteoric water, which is rain water, and
ground water percolating though the gossan diluted the acid to the point
where these acid sensitive minerals could form.
Peter Bell: Stunning to hear that rain water is so important when we're talking about the
desert here.
Tim Neall: It could have been groundwater or meteoric water – they can have similar
effects.
Peter Bell: I would think that having a source of fresh water is important for keeping that
process going over time.
Tim Neall It doesn’t need to be fresh water and you probably don’t need that much
water either, in fact if the rock is saturated it retards oxidation because it may
limit the rate at which oxygen can gain access to the sulfides. Furthermore,
this process has probably been going on for millions of years and the climate
may have changed dramatically in that time.
As I say, it's a very complicated process that has taken place over many
millions of years. You may be hard pressed to see that sort of thing happening
in the desert today as the water table is very deep, but the water table can
fluctuate a lot over time. In fact, you can have another effect called capillary
attraction or capillary migration, which is often described as a blotting paper
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effect. When you put a drop of water in blotting paper, it spreads out and it's
the same with these porous gossans. These chemical solutions can migrate up
though the porous leach zone and then precipitate mineralization when they
encounter rain water coming down through the gossan. Rain water is
practically neutral and causes precipitation of minerals when it changes the
pH of the solution.
Peter Bell: Are those hydrothermal fluids coming up? Are they heated by something?
Tim Neall: No, there are no hydrothermal fluids needed here. You start with
groundwater, which rises up through the gossan because of the capillary
attraction bringing dissolved minerals with it.
Peter Bell: Thank you. And this is happening fairly near surface with these VMS deposits?
Tim Neall: Yes. It is important for the deposit to be exposed at the surface so that this
weathering process can really get started. Then, there are limitations from
the depths of the ground water. In this case, we are on top of a mountain and
the water table is very deep right now. However, this process probably
happened a long time ago at a time when the water table could have been
higher. We believe that all of this took place back in the Cretaceous for the
rock sample we took from Waayrah. You're actually seeing a fossilized
weathering profile.
Peter Bell: A fossilized weathering profile -- thank you.
Tim Neall: If it's a simple gossan, then it tends to be just brown and leached. When you
get this hemimorphite type of enrichment, it indicates that you have a
complex history. In particular, multiple and large fluctuations in the water
table over time.
Peter Bell: Does that imply multiple mineralizing events?
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Tim Neall: No, it's just related to weathering. As the water level goes up and down, it
basically dissolves the soluble metals like zinc and the copper. As the water
table fluctuates, it moves these soluble metals to a different level and then
re-precipitates them as I described above.
Peter Bell: Is that before the mass wastage happens?
Tim Neall: No, this tends to be afterwards. You get a certain amount of mass wastage at
the top with these porous iron oxide bodies. If they form in a stable
environment, they tend to be just leached. It's when the water table fluctuates
over time that things get interesting. At Waayrah, these gossans have been
forming for a long time, probably over 100-120 million years. The
mineralization is estimated to be about 650 million years old there.
Peter Bell: And the timelines again there.
Tim Neall: I would say the weathering occurred during the Cretaceous, long after the
mineralization. The weathering has really been ongoing, though as I
understand it, the bulk of the weathering occurred during the Cretaceous in
this area.
Peter Bell: Okay. How does that compare to the primary mineralization that occurred
around 650 million years ago?
Tim Neall: The primary mineralization here at Waayrah is related to the volcanics, which
means it is the same age as the host rocks roughly 600-650 million years old.
Peter Bell: Sounds like a fairly classic model here.
Tim Neall: Yes. I've never seen a sulfide ore bodies sticking out the ground -- they are
always weathered to some extent.
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Peter Bell: Is there anything shiny in this rock?
Tim Neall: Yes, it's full of tiny crystals. You can't really see them in this picture, but there
are little glassy crystals of hemimorphite inside the white layer. They're the
same mineral, but they're actually tiny glassy blades around 2 mm long.
Peter Bell: Really?
Tim Neall: You find them at Hamama East and one or two other places. It's fairly typical.
Some of these crystals are hemimorphite, which is one of the most stable zinc
minerals.
Tim Neall: We actually see very similar material to this at Hamama East. It doesn't have
the same high levels as in gold, but it can have exceedingly high levels of zinc.
We've had assays up to 46% zinc in some of this stuff from the Hamama area.
Peter Bell: And how big is this rock that we're looking at here?
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Tim Neall: The colored squares at the bottom are 1 centimeter each, so it's about 15 cm
in length.
Peter Bell: It was a grab sample that you found at surface -- do we have photos of the
area where you found it?
Tim Neall: I think this came from the big pit, but I think it was something that the ancient
miners threw away. They weren't interested in zinc.
Peter Bell: Yes, of course. Have you sent this off for assay?
Tim Neall: No, it’s sitting on a desk next door. Some of the samples with high grades
would have been similar to this.
Javier Orduña: Interesting, Tim. Hemimorphite is very common in that big pit. In fact, it's just
about the only mineral apart from a little bit of green malachite that you can
actually identify in the hand specimen. The rest of it's just brown iron oxide.
Peter Bell: Amazing to think that that's old waste rock.
Tim Neall: Makes you wonder what the ancient's actually used as a grade control criteria.
They may have just looked at it and thought it was too hard. Keep in mind that
they had to grind all this stuff up.
This is indicative of the gossan material that was coming out of these pits.
This sample came from the big pit. Another sample from the big pit assayed
more than 25% zinc, which is probably similar to what we are looking at here.
That sample also assayed 4 grams gold. That may sound OK to us today, but
these guys were probably after the +15 g/t gold type material.
Peter Bell: And to clarify -- the gold is not hosted in this white material where we're
finding the zinc crystals. Where's the gold?
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Page 53
Tim Neall: The gold is present in the red material -- anywhere there is red iron oxide. In
fact, a lot of that white zinc mineralization dilutes the gold grade.
Peter Bell: Anything to be wary of with this type of deposit, generally?
Tim Neall: There are lots of things to think about, but the biggest issue is probably the
change in mineralization between the part that is weathered and not.
Javier and I both worked on one these VMS deposits in Kazakhstan which the
Soviets had mined. It was weathered down to about 35 meters depth, if I
remember. There was a thin, razor-sharp cutoff between this gossan material
and the sulfide material underneath it. The Soviets mined the gossan and it
assayed 30 grams per ton. These weathered gossans that sit on top of
massive sulfides can have fantastically high gold grades, but things can
change a lot when you get down into primary sulfide material. In the primary
sulfide zone, the gold grade often drops back to 1-2 g/t and the focus often
shifts from gold to other metals in the deposit like zinc or copper.
Javier Orduña: You can think of all this as a prospecting tool, Peter. The nature of the gossan
gives you a clue to as what's underneath.
And you see it quite a bit in the Arabian-Nubian Shield. There is Hassai and
Hadal Awatib in Sudan. There is Bisha in Eritrea. These gold oxide caps can be
mined as gold deposits, then you have the primary massive sulfides
underneath them that you can mine as copper-zinc deposits. There's a great
precedent for all this.
Peter Bell: And for anyone who has an interest in all this, I'd point them towards the
"Geology 101" videos by Andrew Jackson for Sprott Global. You can find them
on YouTube.
Aton Resources $AAN
Rodruin Prospect
Page 54
He talks about Bisha as a great example of a VMS deposit that went from
exploration to production in recent memory. It was just great from a mine
planning perspective as the gold-oxide cap allowed for some really juicy cash
flow upfront to fund the capital expenditures required to really unlock the
value of the sulfide mineralization below.
Tim Neall: We are seeing the same type of mineralization. We don't have a good sense of
how big it is yet, but we will get to work on that.
Peter Bell: Any other features you'd draw my attention to in this photo of the rock? It
almost looks like there is some bedding to the rock -- what's going on there?
Tim Neall: No, that's just a product of the mass wastage. The original rock texture has
completely fallen apart as it has become porous. What you see now is a result
of dissolution and the possibly rock falling in on itself as it becomes porous
and collapses.
Peter Bell: Right, thanks. All that sulfuric acid doing its work! Now, is that SO4?
Tim Neall: H2SO4.
Peter Bell: Thank you, Tim. I forgot the Mickey Mouse ears.
Aton Resources $AAN
Rodruin Prospect
Page 55
A Satellite Image of Waayrah $AAN Aton Resources
Please enjoy this quick discussion of a satellite image of the Waayrah prospect at
the Abu Marawat Concession owned by Aton Resources (TSX.V:AAN). This image was
included in a news release issued by the company in June and it shows many
interesting features, which I discuss with Mr. Tim Neall, Project Geologist, in the
following interview.
Peter Bell: Let's talk briefly about this picture from the news release about Waayrah. This
picture is a satellite image of the area. To start with the appearance of the
rock, this area is looks like volcanics.
Aton Resources $AAN
Rodruin Prospect
Page 56
Tim Neall: Yes. On the left-hand side of the photograph, it's a thick pile of andesite tuffs,
that's like volcanic ash, cut by andesite intrusions. When you get into the
mineralized horizon, it gets more complex. You've still got the tuffs, but now
they are associated with coarse tuff breccias, areas of intense alteration and
possibly hydrothermal breccias.
You can see some light brown zones running from the southeast up to the top
center, they are marked with red lines on the map. Those red lines represent
what we call carbonate dykes. We're not exactly 100 percent sure about what
they represent. They're very abundant in this area, but they're completely
unmineralized here. We think they're related to some tectonic activity and
possibly dissolution and migration of the ophiolites. They're basically leaching
magnesium and calcium out of the ophiolites, they’re composed of iron-
bearing dolomite. They're all over the place, and they shed pink fragments
when they weather, which is why you get the scree slopes covered in pink
material in the photograph. The dikes themselves are quite narrow.
Peter Bell: These ophiolites sound very interesting. I believe they are related to
continental crust margins and are particularly important for the presence of
gold. Exciting to be hearing mention of that here. The grades in some of these
gold samples and the geological model there with the enrichment and the
mass wastage really concentrating the gold. Very exciting area.
Tim Neall: Notice that there are 3 mineralized horizons. We're not sure the eastern one is
actually a VMS horizon. It appears to be a structural zone, a fairly steep shear
zone. The other 2 are more interesting, particularly the western one on the
left side of the photo. It is clearly a VMS horizon. The central one we're not
sure about as its outcrop is poor, partly hidden under scree and talus from the
workings on the western zone. I think the best thing is to concentrate on these
Aton Resources $AAN
Rodruin Prospect
Page 57
VMS horizons, particularly the western one. The better gold grades are
associated with the VMS horizons.
Peter Bell: And this is an area where you've used satellite imagery again to identify
targets.
Tim Neall: Yes, we identified it from satellite imagery.
Peter Bell: Is this photo one of the images that you would have been looking at?
Tim Neall: Yes, that would have been one of them. This one's actually from Google Earth.
Peter Bell: Wow.
Tim Neall: There were also spectral anomalies associated with them from the Landsat-
ASTER study. It was a combination of the spectral anomalies and looking at
the imagery and seeing the pits and the modern workings that drew us into
this area.
Aton Resources $AAN
Rodruin Prospect
Page 58
Peter Bell: Good to hear. It's an interesting area, quite far from other areas you've been
working at. It is almost on the boundary of the Concession.
Tim Neall: Yes it is, but it's worth mentioning that we've got similar VMS style
mineralization elsewhere on the Concession. Some of these other targets are
not classic VMS, and we know we've got some VMS-hybrid mineralization over
at Hamama but we haven't actually seen this type of mineralization anywhere
else in the area. At Waayrah, we went out, discovered the ancient pits and
found a new style of mineralization in a different part of the license area.
Then, we looked more closely at the Miranda area. We started to appreciate

the difference between the IOCG mineralization that we were seeing at
Miranda Southwest and what we saw at Miranda Southeast. It is a completely
different style of mineralization at Miranda Southeast, it is actually VMS-style
mineralization there. When we looked at the spectral imaging, we can see a
stratigraphic trend between Waayrah and Miranda Southeast. What we're
seeing is potentially a stratigraphic VMS corridor between Waayrah and
Miranda Southeast, which is a completely new concept that we've developed
within the last few months.
Aton Resources $AAN
Rodruin Prospect
Page 59
Peter Bell: Thanks. I see that VMS trend marked on the map of the Concession. I see that
there is something similar at Hamama, as well.
Tim Neall: Yes, there is an indication that a VMS trend runs through Hamama. That
stratigraphic trend could be a different VMS belt from the one that runs
between Waayrah and Miranda.
Peter Bell: In terms of deposit type, are all three instances of VMS?
Tim Neall: Waayrah looks like a classic VMS, whereas Hamama is more of a hybrid
epithermal-VMS type rather than a classic one. From a preliminary look at
Miranda Southeast, it looks more like Hamama. With this VMS mineralization it
is important that they are located in the same stratigraphic sequence that
runs between Waayrah and Miranda Southeast.
Peter Bell: Thank you for reminding me about Hamama as a hybrid epithermal VMS. I had
heard that before but had forgotten.
Tim Neall: We knew that there was VMS style mineralization at Hamama, but we hadn't
appreciated that there was any VMS potential anywhere else within the
license area until the guys went out and found this thing.
Peter Bell: Great, thank you Tim.
Aton Resources $AAN
Rodruin Prospect
Page 60
Disclaimers
This document contains statements that are forward looking statements and are subject to
various risks and uncertainties concerning the specific factors disclosed under the heading “Risk
Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators.
Such information contained herein represents management’s best judgment as of the date
hereof based on information currently available. The Company does not assume the obligation
to update any forward-looking statement.
Peter Bell has been compensated to prepare and distribute this promotional material.

Newton Interviews Aton On Regional Exploration Pt. 2

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Newton Interviews Aton On Regional Exploration Pt. 2

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Aton Resouces Inc.

2017 REGIONAL EXPLORATION Pt. 2 -- TABLE OF CONTENTS

Sir Bakis with Mr. Paul Angus $AAN Aton Resources....................................... 1

The Miranda SW IOCG $AAN Aton Resources ................................................. 26

Introducing Waayrah, a VMS Target for Aton Resources $AAN ...................... 35

A Grab Sample from Waayrah $AAN Aton Resources .................................... 45

A Satellite Image of Waayrah $AAN Aton Resources ..................................... 55

Sir Bakis with Mr. Paul Angus $AAN Aton Resources

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Peter Bell: Is that a leather hat you've got there?

Peter Bell: This vein looks to be very large. Is it 5 meters across?

Peter Bell: Great, thanks. Have you sampled this vein?

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Peter Bell: How do you tackle something so big?

Peter Bell: Looks like a distance of 25 kilometers – not bad.

Paul Angus: Yes, approximately, maybe closer to 20 km. Kilometer 85 is a Bedouin

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Peter Bell: Is it a separated highway, too?

Paul Angus: Yes it is.

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Peter Bell: SBT-001 – Sir Bakis Trench #1! Alright.

Peter Bell: OK, that makes sense.

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Peter Bell: Are any of them really accessible?

Peter Bell: Okay.

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Peter Bell: Have you encountered anything at surface?

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Peter Bell: And how wide was the trench? A meter?

Peter Bell: And that's a natural drainage feature?

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Peter Bell: Is that like a 12-hour period of time?

Peter Bell: It rained for 10 seconds and then it just stopped?

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Peter Bell: In chunks of rock from boulders?

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Peter Bell: Look at that.

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Peter Bell: Is it the way I'm drawing on the picture here?

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Peter Bell: Really?

Peter Bell: Thanks, that helps triangulate things a bit here.

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Paul Angus: Yes, it's a great spot to be exploring.

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The Miranda SW IOCG $AAN Aton Resources

Tim Neall: Hi Peter.

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Peter Bell: Well, let's keep going all weekend!

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