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Aben Resources

 

 

 

 

 

Aben Resources (TSX-V:ABN)

 

An opportunity to prosper.

 

Our mission is simple — create wealth-generating opportunities. Aben’s team has been in the exploration business for decades and we understand what it takes to make a gold discovery successful for everyone involved. We believe in hard work, a responsible approach to financing, and a commitment to transparency. These core values combined with a world-class mining jurisdiction, accomplished leadership team, and a well-funded capital program make Aben Resources one of Western Canada’s premier gold exploration companies.  

 

 

BC’s Golden Triangle

 

 

A world-renowned mining district home to Western Canada’s largest gold discoveries.

 

 

Located in northwestern British Columbia, Canada, the Golden Triangle boasts some of the most impressive gold discoveries in North America. For decades, BC’s Golden Triangle has attracted prospectors in search of a golden opportunity. Today, the region is experiencing newfound interest thanks to a strengthening gold market and new advances in infrastructure. So what makes the region so attractive to mining investment? 

 

Historical Success

 

Exploration at the Golden Triangle dates back to the gold rush era before Canada was yet an official country. The gold rush would result in three major gold discoveries that defined the triangular shape. Today, the region is home to multi-million-ounce high-gold deposits include Eskay Creek, Snip Gold Mine, Brucejack, Copper Canyon, Schaft Creek and more. Aben’s Forrest Kerr project is located in the heart of the triangle and shares many geological similarities to these producing mines.

 

 

Technology & Infrastructure

 

The remote nature of the Golden Triangle made it difficult and expensive to explore in the past. However, recent infrastructure investments including a paved highway and new transmission line have made exploration more accessible and cost-effective. In fact, Aben’s Forrest Kerr project is now road accessible on both the north and south portions of the property.

 

 

Strong Gold Market

 

The late 1990’s marked one of the last major investments into BC’s Golden Triangle when gold was averaging below US$300 per ounce. As the price of gold has increased over the last number of years, combined with the advances in infrastructure, the economics of mining in the area has improved drastically. BC’s Golden Triangle is once again primed and ready for another round of major gold discoveries.

 

 

Geological Opportunity

 

With more advanced exploration technology and research, Aben’s technical team understands how to approach the unique geological models that exist within the Golden Triangle. We’re continually analyzing and reinterpreting the historic and current geological data to better understand existing targets and develop new gold targets throughout the property. Additionally, retreating glacial activity over the past few decades have exposed extensive new areas in the highly prospective region, adding further exploration potential.

 

 

Forrest Kerr Gold Project

BC’s Golden Triangle, Canada

 

Aben’s flagship gold project is located in the heart of BC’s Golden Triangle in northwestern British Columbia, Canada. The consolidation of three historic claim groups and additional new tenures assembled in July 2016, Aben Resources has acquired 100% interest on the 23,397-hectare property. Surrounding the project are notable mineral deposits and producing mines including Brucejack, Eskay Creek, Snip, Galore Creek, Copper Canyon, Red Chris, and various others. Recent investment in the Golden Triangle has created direct road access to the Forrest Kerr property and power line infrastructure.

 

 

The Golden Triangle region is known for large multi-million-ounce gold deposits. Forrest Kerr is located in the heart of the triangle with the Snip and Eskay Creek mines to the south, and Schaft Creek mine to the north.

 

 

Exploration Activity

 

Recent exploration activity at Forrest Kerr has focused on two primary zones: the North Boundary zone which runs parallel to the Nelson Creek Fault zone, and the South Boundary zone, which runs parallel to the Benchlands Fault zone. The structural intersections between dominantly north-oriented fault zones and older northeast and northwest-trending faults are highly prospective for the discovery of precious metal mineralization.

 

 

NORTH BOUNDARY

 

The main mineralized core at North Boundary is located at the intersection of the northeast directed Blind Fault and the northwest Nelson Creek Fault Zone (see red dashed ellipse). The strongest gold mineralization thus far discovered is along a southeast-northwest panel of Hazelton rock at the margins of a magnetic high.

 

 

North Boundary Drill Results
  • FK17-04: average of 0.26 g/t Au over 387.0m including 6.70 Au, 6.36 g/t  Ag and 0.90 % Cu over 10 m
  • FK17-05: average 1.20 g/t Au, 1.80 g/t Ag and 0.21% Cu over 122.0 m
  • FK17-06: average 0.51 g/t Au, 1.03 g/t Ag and 0.10% Cu over 94.0 m
  • FK18-10: multiple high grade gold horizons including 3.9 g/t Au over 13.0m, 22.0 g/t Au over 4.0m, 38.7 g/t Au over 10.0m and 8.2 g/t Au over 14.0m  

 

SOUTH BOUNDARY

 

The South Boundary zone at Forrest Kerr contains gold mineralization associated with the Benchlands Fault, which parallels the Forrest Kerr Fault. The Benchlands Fault is poorly defined at surface toward the north due to scree cover but may be a southern extension of Nelson Creek Fault Zone found at North Boundary.

 

 

Drilling at the South Boundary zone has defined gold mineralization in a sub-vertical geometry (steep dip to East) that parallels the Benchlands Fault, including one assay value of 6.19 g/t gold. Drill holes placed over magnetic susceptibility image show gold mineralization (white dashed ellipse) is found between margins of magnetic high and Benchlands Fault Zone.

 

 

Rocks from the Benchland Fault zone are very similar in appearance and scale to those from Nelson Creek Fault Zone at North Boundary.

 

Drill Targets

 

The Hatched magenta area on the west side of Nelson Creek Fault Zone is a high priority target that combines strong surface and downhole polymetallic mineralization with only one drill hole through the zone. The area where the interpreted and extrapolated faults intersect is also highly prospective for gold discovery based on surface, downhole and geophysical indicators.

 

 

Justin Gold Project

Yukon Territory, Canada

 

Aben Resources holds a 100% interest in the 7,400-hectare Justin Gold Project. The property is located in the southeast Yukon on the Tintina Gold Belt to the immediate southeast of Golden Predator’s 3 Aces project. The Justin Project is approximately 35 kilometres southeast of the Cantung Mine and has an all season road running through the claims. Exploration work at the Justin Gold Project began back in 2011 and Aben has been actively working at the site with positive exploration results.

 

 

Exploration work at the Justin Gold Project began back in 2011 and Aben has been actively working at the site with positive exploration results

 

Exploration Activity

 

Work completed on the Justin Gold Project in 2018 included the collection of 19 channel and 28 chip samples from 5 trenches, 16 rock samples, 7 till samples and 240 soil samples with coverage totaling 6.0 line-km. The 2018 field program focused primarily on the Lost Ace Zone, an orogenic-style quartz-gold bearing zone previously discovered in 2017.

 

 

LOST ACE ZONE

 

Channel sampling in 2017 at Lost Ace returned 1.44 g/t Au over 5 metres including 4.77 g/t Au over 1 metre in addition to a bulk soil sample that contained 1135 visible gold grains, the majority of which were termed ‘pristine’ indicating a proximal bedrock source for the gold. Lost Ace is an exciting new prospect on the Justin Property as it is located within 2 km of Aben’s mineralized POW Zone and bears striking similarities to Golden Predators adjacent 3 Aces project.

 

 

2019 exploration at the Justin Gold Project will include drilling, prospecting, geologic mapping and surface sampling across the highly prospective property. The first phase is anticipated to begin in early June with mobilization of a track mounted Rotary Air Blast (RAB) drill to the recently discovered Lost Ace Zone, where 2018 trenching returned values ranging from trace to 20.8 g/t gold over 4.4 meters including 88.2 g/t gold (Au) over 1.0 m. The Lost Ace Zone is located 2 kilometers west of the POW Zone, which was discovered in 2010. The RAB drill is a cost-effective tool to quickly evaluate the high-grade near surface gold-bearing mineralization present at Lost Ace, interpreted to be orogenic-style quartz-gold veins that bear a strong resemblance to and share a similar geologic setting with Golden Predator’s adjacent 3 Aces Property. Geologic evidence and observations at Lost Ace point toward the existence of a multi-phase hydrothermal system with the potential for overprinting mineralizing systems with the POW Zone.

 

Concurrent with the RAB drilling at Lost Ace, Aben will conduct diamond drilling at the POW Zone where drilling in 2011 and 2012 successfully discovered intrusion-related gold mineralization with intercepts reported ranging from trace values to highs of 1.19 g/t Au over 60.0 m (including 2.47 g/t Au over 21.0 m) and 1.49 g/t Au over 46.4 m.  The POW Zone will be further evaluated as a potential host for bulk-tonnage gold mineralization and to test for the continuity of higher-grade skarn mineralization along strike. In addition to drill testing both of these exciting targets, several other high-priority exploration targets that have seen limited work but have yielded encouraging results will receive field evaluation and surface sampling.

 

Download Justin Gold Presentation

 

 

Past Exploration

 

In 2011, a Phase I 2,020 metre diamond drill program consisting of ten drill holes was completed on the Justin Property. The drill program was designed to assess the potential mineralization at the POW, Confluence, Kangas and Main zones. The drilling was the first ever completed on the POW, Confluence and Kangas zones. The 2011 activities represent the first systematic drilling campaign on the project since a small four hole program was completed on the Main zone in the mid-1980’s.

 

During the 2011 field program, mapping of the geology in the general area of the POW Zone was carried out to follow up on anomalies from the 2010 geophysical survey. This geophysical survey highlighted a pronounced magnetic high-EM conductor zone 400 metres west of the newly discovered gold mineralization from the 2010 field work and surface sampling. A number of soil and rock samples were also collected to complement the geological mapping. This follow-up work on the POW Zone led crew members to investigate the source of the strong EM geophysical conductor outlined by the airborne survey conducted in 2010. Along the strike of a strong EM lineament, a 10m-wide zone of mineralized quartz breccia was discovered which is considered to be a favourable target for gold and silver mineralization. This resulted in the expansion of the 2011 drill program to include two additional holes designed to test the newly discovered POW Zone.

 

In November 2011, Aben released the first drill hole results received from the 2011 drill program in which a significant new greenfield gold discovery had been made. The Company intercepted 60.00 metres of 1.19 g/t gold including 21.0 metres of 2.47 g/t gold in hole JN11009 in the never before drilled POW Zone.

 

 

The intercept observed in JN11009 starts at a vertical depth of 113 metres and is dominated by massive skarn-style replacement mineralization, which has been overprinted by quartz-calcite stock work veining. Both the skarn-style and vein-style mineralization carried gold values. The geochemical signature of the mineralized zone is characterized by elevated Au, Bi, Cu, Mo and W supporting an Intrusion Related Gold System (IRGS). The 2010 geophysics outline an inferred buried intrusive stock, represented by a pronounced magnetic low, which lies between the POW Zone and the Main Zone located 2.4 kilometres to the south.

 

A second hole, JN11010, was drilled into the POW Zone which intercepted 11.3 metres of 2.70 g/t gold and 29.00 g/t silver starting at a vertical depth of 125 metres. The mineralized intercept in drill hole JN11010 correlates with the upper zone intercepted in Hole JN11009 of 60 metres of 1.19 g/t Au. Both exploratory holes drilled into the POW Zone in 2011 intercepted significant gold mineralization and this mineralization is open in all directions.

 

Stock Information

CAPITAL STRUCTURE
Shares Outstanding 124.4 million
Fully Diluted Shares 184.2 million
Treasury (as of December 1, 2020) $~1.0 million

Aben Resources Ltd. maintains a 10% rolling stock option plan for its directors, officers, management and Company employees.

 

 

Contact Info

 

Aben Resources Ltd.

1610 – 777 Dunsmuir Street

Vancouver BC

V7Y 1K4

 

604-687-3376

1-800-567-8181

info@abenresources.com

www.abenresources.com

 

 

 

 

 

 

Posted December 8, 2020

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