Aton ResourcesInc. said July 19 that it has received approval from Egypt'sMineral Resource Authority to extend the term for the exploration phase on thecompany's Fatiriand Abu Marawatgold concessions by two years until July 2018.

Aton President and CEO Mark Campbell said the extension of theexploration terms will provide the company with due time to advance thedevelopment of the flagship Hamama project at Abu Marawat and exploration ofthe Fatiri concession.