Featured Company /
Aben Resources
Mining activity at northwestern British Columbia’s vaunted “Golden Triangle” has certainly had its ups and downs. The most famous gold-bearing area in the country at some points in time and relatively dormant at others, the remote location and lack of infrastructure made the economics of exploration and mine development challenging, to say the least, despite a series of incredible finds. Thanks to considerable investment, the infrastructure problems have been overcome and the area is once again a veritable hotbed of mining activity once again.
Multiple gold rushes, British Columbia’s biggest gold nugget (73 ounces), the Premier Gold Mine, Snip Gold Mine and Eskay Creek Gold Mine are just a few of the highlights of Golden Triangle. Snip and Eskay Creek embody the high-grade gold everyone is looking for in the triangle. Snip produced one million ounces in eight years of production through 1999 at a stunning average grade of 27.5 grams per tonne gold. After the first major discovery in 1988, Eskay Creek delivered as Canada’s highest-grade gold mine (3 million ounces @ 49 g/t) and the fifth largest silver producer in the world (~160 million ounces), not to mention pumping out average lead and zinc grades of 3.2% and 5.2%, respectively.
Mining action abounds the Golden Triangle today, with significant new discoveries made recently by juniors hoping to become the next Stikine Resources (found Eskay Creek, shares grew more than 67-fold before being acquired) or Delaware Resources (JV partner in Snip discovery, shares rose 28-fold before being acquired).
That’s surely the type of future Aben Resources (OTCQB:ABNAF) (TSX-Venture:ABN) is hoping for following an acquisition in 2016 that put the company in the heart of the Golden Triangle. Aben isn’t just crossing their fingers and hoping for gold. Amongst other mining vets, the leadership team includes Ronald Netolitzky as Chairman, a man directly involved in the discovery of the Eskay Creek, Snip and Brewery Creek deposits and mines in the Golden Triangle. President and CEO James Pettit was formerly chairman of Bayfield Ventures Corp., which was acquired by New Gold Inc. in 2014.
The flagship 23,000-hectare Forrest Kerr Project is located in the famed region proximal to recent discoveries made by GT Gold and Colorado Resources. Aben is earning its 100% interest in Forrest Kerr by completing $3 million in exploration by 2020, a figure it is already closing in on to earn its ownership.
Also in the project portfolio is the Chico Project located in Saskatchewan, which was recently ranked the #1 mining jurisdiction globally by the Fraser Institute. Geophysical studies, mapping and soil sample coverage have confirmed the presence of a 1.5-kilometer mineralized structural corridor at the 4,657-hectare project located 40 kilometers south of SSR Mining’s Seabee/Santoy mining complex. Rock samples two years ago showed gold grades ranging as high as 20.2 g/t, with subsequent work defining high-priority drill targets.
The company further has the Justin Project in the Yukon adjacent to Golden Predator’s 3 Aces Project. Aben has conducted limited, but promising drilling, including an intercept of 60 meters grading 1.19 g/t gold inclusive of 21 meters at 2.47 g/t gold.
The projects all share a similarity in that significant historic work has been performed on them, including intersecting high-grade gold in previous drilling.
The drill season in northern B.C. is short, only about six months long and Aben missed the first one at Forrest Kerr because of the timing of the acquisition in 2016. The company used the winter months to its advantage while not drilling, though, culling through and assembling historic data packages to be better informed for drill targets. There is no shortcoming of data, either, as the project has undergone 130 drill holes totaling 20,057 meters, including 19,358 soil samples, 2,175 rock samples and 500 silt samples.
The assay results dovetail with a report from BC Geological Survey personnel that concluded with most of the major deposits occurring within 2 kilometers of the regional stratigraphic contact. As luck would have it, that’s exactly where Forrest Kerr is, suggesting Aben could be sitting on B.C.’s “next big thing.”
Fieldwork and a 2017 drilling program led to a significant discovery now called the North Boundary Zone at Forrest Kerr. Highlights of last year’s drilling including a broad intercept of 387 meters grading 0.26 g/t gold, including 6.7 g/t gold, 6.4 g/t silver and 0.9% copper over 10 meters near surface, including 18.9 g/t gold, 16.6 g/t silver and 2.2% copper across 3 meters.
Another hole cut 1.2 g/t gold, 1.8 g/t silver and 0.21% copper over 122 meters that included 10.9 g/t gold, 14.6 g/t silver and 1.5% copper over 12 meters with a high grade core of 21.5 g/t gold, 28.5 g/t silver and 3.1% copper over 6 meters.
Corporate Snapshot:
Aben Resources
Stock Symbol:
CA
Stock Exchange:
TSX-Venture
Sector:
Basic Materials
52 Week High:
$0.4950
52 Week Low:
$0.0900
Alt Exchange/Ticker:
OTCQB:ABNAF
Current Stock Quote / Chart / News: Click here
Information as of
June 19, 2018
Mining activity at northwestern British Columbia’s vaunted “Golden Triangle” has certainly had its ups and downs. The most famous gold-bearing area in the country at some points in time and relatively dormant at others, the remote location and lack of infrastructure made the economics of exploration and mine development challenging, to say the least, despite a series of incredible finds. Thanks to considerable investment, the infrastructure problems have been overcome and the area is once again a veritable hotbed of mining activity once again.
Multiple gold rushes, British Columbia’s biggest gold nugget (73 ounces), the Premier Gold Mine, Snip Gold Mine and Eskay Creek Gold Mine are just a few of the highlights of Golden Triangle. Snip and Eskay Creek embody the high-grade gold everyone is looking for in the triangle. Snip produced one million ounces in eight years of production through 1999 at a stunning average grade of 27.5 grams per tonne gold. After the first major discovery in 1988, Eskay Creek delivered as Canada’s highest-grade gold mine (3 million ounces @ 49 g/t) and the fifth largest silver producer in the world (~160 million ounces), not to mention pumping out average lead and zinc grades of 3.2% and 5.2%, respectively.
Mining action abounds the Golden Triangle today, with significant new discoveries made recently by juniors hoping to become the next Stikine Resources (found Eskay Creek, shares grew more than 67-fold before being acquired) or Delaware Resources (JV partner in Snip discovery, shares rose 28-fold before being acquired).
That’s surely the type of future Aben Resources (OTCQB:ABNAF) (TSX-Venture:ABN) is hoping for following an acquisition in 2016 that put the company in the heart of the Golden Triangle. Aben isn’t just crossing their fingers and hoping for gold. Amongst other mining vets, the leadership team includes Ronald Netolitzky as Chairman, a man directly involved in the discovery of the Eskay Creek, Snip and Brewery Creek deposits and mines in the Golden Triangle. President and CEO James Pettit was formerly chairman of Bayfield Ventures Corp., which was acquired by New Gold Inc. in 2014.
The flagship 23,000-hectare Forrest Kerr Project is located in the famed region proximal to recent discoveries made by GT Gold and Colorado Resources. Aben is earning its 100% interest in Forrest Kerr by completing $3 million in exploration by 2020, a figure it is already closing in on to earn its ownership.
Also in the project portfolio is the Chico Project located in Saskatchewan, which was recently ranked the #1 mining jurisdiction globally by the Fraser Institute. Geophysical studies, mapping and soil sample coverage have confirmed the presence of a 1.5-kilometer mineralized structural corridor at the 4,657-hectare project located 40 kilometers south of SSR Mining’s Seabee/Santoy mining complex. Rock samples two years ago showed gold grades ranging as high as 20.2 g/t, with subsequent work defining high-priority drill targets.
The company further has the Justin Project in the Yukon adjacent to Golden Predator’s 3 Aces Project. Aben has conducted limited, but promising drilling, including an intercept of 60 meters grading 1.19 g/t gold inclusive of 21 meters at 2.47 g/t gold.
The projects all share a similarity in that significant historic work has been performed on them, including intersecting high-grade gold in previous drilling.
The drill season in northern B.C. is short, only about six months long and Aben missed the first one at Forrest Kerr because of the timing of the acquisition in 2016. The company used the winter months to its advantage while not drilling, though, culling through and assembling historic data packages to be better informed for drill targets. There is no shortcoming of data, either, as the project has undergone 130 drill holes totaling 20,057 meters, including 19,358 soil samples, 2,175 rock samples and 500 silt samples.
The assay results dovetail with a report from BC Geological Survey personnel that concluded with most of the major deposits occurring within 2 kilometers of the regional stratigraphic contact. As luck would have it, that’s exactly where Forrest Kerr is, suggesting Aben could be sitting on B.C.’s “next big thing.”
Fieldwork and a 2017 drilling program led to a significant discovery now called the North Boundary Zone at Forrest Kerr. Highlights of last year’s drilling including a broad intercept of 387 meters grading 0.26 g/t gold, including 6.7 g/t gold, 6.4 g/t silver and 0.9% copper over 10 meters near surface, including 18.9 g/t gold, 16.6 g/t silver and 2.2% copper across 3 meters.
Another hole cut 1.2 g/t gold, 1.8 g/t silver and 0.21% copper over 122 meters that included 10.9 g/t gold, 14.6 g/t silver and 1.5% copper over 12 meters with a high grade core of 21.5 g/t gold, 28.5 g/t silver and 3.1% copper over 6 meters.
Forward Looking Statements
This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. Aben Resources has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Aben Resources's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
Disclaimer
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