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    Aben Res TSX.V - ABN

    Disclaimer

    No material on aheadoftheherd.com should be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

    Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within aheadoftheherd.com and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

    Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within aheadoftheherd.com.

    Richard Mills owns shares in Aben and the Company is an advertiser on AOTH. By virtue of ownership of the Company’s shares and it being an advertiser Richard Mills is biased in his views on the Company.

    Richard (Rick) Mills is not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and is not qualified to give financial advice.

    Always do your own due diligence.

    Always consult a registered investment professional before the purchase of any investment.

    ***

    https://youtu.be/i_VajFKLyJQ
    Last edited by rick; January 20th, 2018, 08:01 AM.

    #2

    Comment


      #3
      Aben Resources Closes Flow-Through Private Placement

      Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the "Company") is pleased to announce, further to its News Releases on December 18th, and 19th, the closing of its non-brokered flow-through private placement for the aggregate of CAD $563,125.00.

      The Financing consisted of 3,754,167 Flow-Through Units at a price of CAD $0.15 per Flow-Through Unit. Each Flow-Through Unit purchased included one flow-through share as well as one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one additional non-flow-through common share for one (1) year at a price of CAD $0.20 per common share.

      In connection with the financing, Aben issued a total of 125,265 warrants to finders (the "Finder Warrants") who introduced certain subscribers to the private placement. Each Finder Warrant will entitle the finder to purchase one additional common share for one (1) year at a price of CAD $0.20 per common share. The Company also paid to finders a total of CAD $18,789.75 in cash fees associated with this financing.

      Shares issued in connection with this private placement and any shares issued as a result of exercise of warrants will be subject to a hold period expiring April 30, 2018.

      The Company intends to utilize the proceeds from the private placement for an upcoming 2018 exploration and drilling program at its Chico Gold Project in Saskatchewan.

      Chico Gold Project, Saskatchewan location map:
      http://abenresources.com/site/assets/files/4730/abn_chico_location_and_highlights.jpg

      Comment


        #4
        ABEN RESOURCES CLOSES PRIVATE PLACEMENT OF UNITS AT $0.135

        Further to its news releases on Dec. 18, Dec. 19 and Dec. 29, 2017, Aben Resources Ltd. has increased its proposed non-brokered private placement of units at 13.5 cents each from 1,851,852 units for gross proceeds of $250,000 to 2,024,747 units for gross proceeds of $273,250.84; and it closed the private placement on Jan. 4, 2018, on conditional TSX Venture Exchange acceptance. The private placement is subject to final acceptance by the TSX-V.

        Each unit purchased included one common share as well as one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for one year at a price of 18 cents per share.

        In connection with the financing, Aben issued a total of 17,500 warrants to finders who introduced certain subscribers to the private placement. Each finder warrant will entitle the finder to purchase one additional common share for one year at a price of 18 cents per share. The company also paid to finders a total of $2,362.50 in cash fees associated with this financing.

        Shares issued in connection with this private placement and any shares issued as a result of exercise of warrants will be subject to a hold period expiring May 5, 2018.

        The company intends to utilize the proceeds from the private placement for a coming 2018 exploration and drilling program at its Chico gold project in Saskatchewan and for general working capital purposes.

        About Aben Resources Ltd.

        Aben Resources is a Canadian gold exploration company developing projects in British Columbia's Golden Triangle in Saskatchewan and in Yukon.

        Comment


          #5
          Aben Resources 2,024,747-share private placement 2018-01-08 15:33 PT - Private Placement



          The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 18, 2017.



          Number of shares: 2,024,747 shares

          Purchase price: 13.5 cents per share

          Warrants: 2,024,747 share purchase warrants to purchase 2,024,747 shares

          Warrant initial exercise price: 18 cents

          Warrant term to expiry: one year

          Number of placees: 11 placees

          Finder's fee: Maxwell Munday, $2,362.50 cash and 17,500 warrants

          Finder's warrant initial exercise price: 18 cents

          Finder's warrant term to expiry: exercisable for a one-year term



          Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

          Comment


            #6
            ABEN MAKES CASH AND SHARE OPTION PAYMENTS TO EAGLE PLAINS, PLANS WINTER DRILL PROGRAM AT CHICO GOLD PROJECT IN SASKATCHEWAN

            Aben Resources Ltd. has made a cash payment of $25,000 and issued 250,000 common shares to Eagle Plains Resources confirming Aben's intention to continue with the existing option agreement on the 4,657-hectare Chico gold project located 125 kilometres east of La Ronge, Sask., and 40 km south of SSR Mining's (formerly Silver Standard Resources) Seabee gold operation. Details of the option agreement are outlined below. Aben intends to carry out diamond drilling on the Chico property in late-February. Permitting and detailed planning for the program is currently underway. Chico drilling activity is expected to be conducted concurrently with a 10,000m winter drill program to be carried out by SSR Mining Inc. on Eagle Plain's Fisher Property, located 6km north of Chico.

            Chico Property Highlights and Exploration Activity

            Chico property highlights include the presence of a 1.5 km-long mineralized structural corridor which is confirmed by geophysical surveys, geological mapping and soil geochemical surveys. Sporadic historical drilling has been completed in the area and has returned high-grade gold intercepts.

            Eagle Plains in 2016 contracted TerraLogic Exploration of Cranbrook, B.C. to complete systematic fieldwork on the property including a 661 line-km airborne magnetometer geophysical survey, mapping, trenching and soil geochemical surveys. Rock samples collected along this along this structural corridor ranged from trace quantities to 20.2 g/t Au. Soil sample results include numerous highly-anomalous samples ranging to 4.5 g/t gold. During 2017, Aben and Eagle Plains conducted a detailed Induced Polarization ("I.P.") geophysical survey designed to define high-grade gold targets. This work resulted in numerous high-priority drill targets being identified, many of which will be tested during the planned winter program.

            The overall objective of the 2016 and 2017 programs was to identify mineralization, alteration and structural features similar to those at the nearby Seabee and Santoy deposits. The Seabee Gold Operation has been in continuous production since 1991 and has produced 1.2M ounces of gold from the Seabee and the Santoy deposits. Ore geology at the Seabee Gold Operation consists of high-grade vein mineralization associated with shear zones that transect mafic meta-volcanic and intrusive rocks, as well as granitic rocks emplaced during the regional deformation events impacting the Pine Lake greenstone belt during the Proterozoic. The Seabee Gold Operation and the Chico Project occur within the Pine Lake greenstone belt. Mineralization at the Seabee Gold Operation occurs at the Seabee and Santoy mines, which are located approximately 14km apart. The former is affiliated with the more westerly-oriented Laonil Lake shear zone, while the latter is hosted on a regional north-trending shear zone associated with the Tabbernor Fault, which has been traced over much of the property. Field and underground observations at the Seabee Gold Operation suggest that shear structures nucleated at contacts between granodiorite and meta-volcanic lithologies, with high-grade zones forming at minor flexures.

            The Tabbernor Fault is a 1500 km-long regional structure which has been traced from as far north as the Rabbit Lake uranium mine in northern Saskatchewan to as far south as the Black Hills of South Dakota, the latter of which hosts the 40M oz Homestake gold deposit. The shared proximity to the Tabbernor structure and similarities in terms of age and tectonic history to the Homestake and Seabee/Santoy deposits was the main driving force behind both Eagle Plains' and Aben's interest in the Chico property. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

            Aben and Eagle Plains recently acquired 6 additional mineral dispositions for a total area of 1,799 ha located adjacent to the original holdings through a combination of staking and the completion of a purchase agreement with an unrelated third-party (see news release December11th, 2017).

            Chico Option Agreement

            Aben is earning an initial 60% interest in the Chico property from Eagle Plains by incurring $1,500,000 in exploration expenditures, issuing 1,500,000 common shares and making cash payments totalling $100,000 over 4 years. Upon earning this 60% interest, Aben may elect to exercise a second option to earn a further 20% interest by incurring an additional $2,000,000 in exploration expenditures, issuing 1,000,000 common shares, and making $50,000 cash payments within two years of the date of election.

            Cornell McDowell, P.Geo., V.P. of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.

            About Aben Resources:

            Aben Resources is a Canadian gold exploration company developing projects in British Columbia's Golden Triangle, Saskatchewan and the Yukon.

            Comment


              #7
              Chico Gold Project

              The discovery horizon in the area is 200-250m. Historically drilling has been done only to 150m. The red dome in the below photo is a massive geophysical anamoly rising to 200m below the surface. Normally I wouldn't get too excited about just geophysics but it's matched on top by geochem, surface sampling over a fairly large surface. When you have this kind of a massive 3d chargeability with surface mineralization I pay attention.

              From the website:

              Aben's Chico Gold Project, Saskatchewan 3D Chargeability Video: https://vimeo.com/250548099

              3D model depicts areas of higher chargeability in subsurface rocks through the use of warm colours (purple, red and yellow). Higher chargeability often corresponds to the presence of abundant sulfide minerals such as pyrite, pyrrhotite and chalcopyrite, which are commonly associated with gold mineralization. Note large high chargeability root zone under middle of Chico Structural Zone (red lined area on surface) with yellow chutes extending to surface.

              Chico is one of three projects ABN has, all are interesting.

              rick
              Last edited by rick; January 12th, 2018, 05:07 PM.

              Comment


                #8
                ABEN INTERPRETS DATA FROM 2017 GEOPHYSICAL SURVEY TO OUTLINE TARGETS FOR UPCOMING DRILL PROGRAM AT CHICO GOLD PROJECT, SASKATCHEWAN

                Aben Resources Ltd. has received the finalized data from a ground-based induced polarization geophysical survey that was conducted in June, 2017, on the 4,657-hectare Chico gold project located 125 kilometres east of La Ronge, Sask., and 40 kilometres south of SSR Mining's (formerly Silver Standard Resources) Seabee gold operation. Aben Resources holds the exclusive right to earn an undivided 80-per-cent interest in the property by completing $3.5-million in exploration expenditures, issuing 2.5 million shares and making $150,000 in cash payments to Eagle Plains Resources Ltd. by 2020. Aben recently made a cash payment of $25,000 and issued 250,000 common shares to Eagle Plains pursuant to the terms of the current option agreement. Aben intends to carry out diamond drilling on the Chico property in late February. Permitting and detailed planning for the program is currently under way. Chico drilling activity is expected to be conducted concurrently with a 10,000-metre winter drill program to be carried out by SSR Mining Inc. on Eagle Plain's Fisher property, located six km north of Chico.

                Chico Gold Project, Saskatchewan location map:

                http://www.abenresources.com/i/maps/...Highlights.jpg

                The 14 line km MRI-32 IP/DC-Resistivity and Magnetic survey was centered over both the Chico and Western structural trends, which host high-grade gold mineralization at surface and within historic drill intercepts. The Chico mineralized structural corridor extends in excess of 1400 metres along strike and spans up to 150 metres in width with several mineral occurrences contained within. Highlights include:

                High grade intercepts from historic drilling include 14.5 grams/tonne (g/T) (0.424 oz/ton) gold over 0.4m at Chico showing and 9.6 g/T (0.281 oz/ton) gold over 2.0m at Royex showing

                Hole MW93-20 returned five significant intercepts ranging from 0.51 g/T gold over 1.5 metres, to 36.3 g/T gold over 0.3 metres (AR 63M06-0041)

                The 2017 geophysical survey has discovered a large high-chargeability zone centered below the middle portion of the Chico shear zone with some vertical chargeability structures extending upward from the root zone. The high-chargeability response may result from the presence of abundant sulfide minerals such as pyrite, pyrrhotite and chalcopyrite, which are closely associated with gold mineralization on the Property. The top of the root zone appears to extend to within 150 metres of the surface and represents an attractive and high-priority drill target given that multi-gram gold intercepts have been historically reported above and adjacent to it. Of the 22 historic drill holes located on the Property, the deepest has reached 110 metres vertical depth (157 metres down hole) and was not collared in this zone of high chargeability. Two short videos depicting the zone can be viewed here: https://www.youtube.com/watch?v=vQPSgr-g0Vg and https://www.youtube.com/watch?v=zBen-X8HFzI.

                Chico Property {A –} Recent and Historic Exploration Activity:

                Exploration programs in 2016 and 2017 involved systematic fieldwork including a 661 line-kilometre airborne magnetometer geophysical survey, mapping, trenching, soil geochemical analysis and the aforementioned ground-based IP-Resistivity-Magnetic survey. The systematic exploration has enabled field crews to identify mineralization, alteration and structural features similar to those at the nearby Seabee and Santoy deposits, located 40 kilometres to the north. The Seabee Gold operation has been in continuous production since 1991, producing 1.2 million ounces of gold from the two deposits. Seabee and Chico are comparable in that mineralization is spatially related to splays of the Tabernoor Fault and are hosted in sub-parallel shear structures which cross-cut the local intrusive complex. High-grade gold mineralization at both Seabee and Santoy extends well below the shallow depths to which the Chico Project has thus far been explored.

                Chico Exploration History:

                Trenching and drilling activities carried out by Corona Corporation and Cameco from 1988 to 1993 defined a mineralized strike length of over 1400 metres. Trenching by Corona at the Royex showing returned five chip samples greater than 1000 ppb gold with a best (chip) sample of 14.3 g/T gold over 1 metre (AR 63M06-0034). Follow-up diamond drilling by Cameco near the Royex trench returned five significant intercepts ranging from 0.51 g/T gold over 1.5 metres, to 36.3 g/T gold over 0.3 metres (AR 63M06-0041).

                Mineralized shear zones and quartz veining that define the Chico Zone are hosted in diorite and granite rocks and especially along the sheared contact between these two units. The Chico and the adjacent parallel Ed and Western structural zones are related splay structures off the larger Tabbernor fault system. Despite the significant surface discoveries of gold along these structural trends, mineralization remains largely untested at depth and along strike extensions.

                The Tabbernor fault is a 1,500 kilometre-long regional structure which has been traced from as far north as the Rabbit Lake uranium mine in northern Saskatchewan to as far south as the Black Hills of South Dakota, the latter of which hosts the 40-million-ounce Homestake gold deposit. The shared proximity to the Tabbernor structure and similarities in terms of age and tectonic history to the Homestake and Seabee/Santoy deposits was the main driving force behind Aben's interest in the Chico property. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

                Aben has not been able to independently verify the methodology and results from historical work programs within the property boundaries. However, management believes that the historical work programs have been conducted in a professional manner and the quality of data and information produced from them are relevant.

                Cornell McDowell, PGeo, vice-president of exploration of Aben Resources, has reviewed and approved the technical aspects of this news release and is the qualified person as defined by National Instrument 43-101.

                About Aben Resources Ltd.

                Aben Resources is a Canadian gold exploration company developing projects in British Columbia's Golden Triangle, Saskatchewan and Yukon.

                Comment


                  #9


                  Ahead of the Herd Newsletter – 2018 Issue One
                  Saturday, February 3rd

                  Dear Readers,

                  This week's issue of your Ahead of the Herd Newsletter is now available. Please click on the link below to read.

                  Newsletter

                  Thank you.

                  Rick Mills

                  Comment


                    #10
                    Gold Newsletter Update on Aben Resources by Brien Lundin

                    https://www.abenresources.com/invest...-brien-lundin/

                    Comment


                      #11
                      Aben kicks off drill program at advanced Chico gold play

                      http://aheadoftheherd.com/Newsletter...ll-program.pdf

                      Comment


                        #12
                        Storm of the century is the way it was described to me. Chico camp was not set up, they just had it cleared when the 100 year storm hit. Now they are digging out again, will get the camp set up, and drill start is expected on the 15th.

                        Was talking with Jim re Forest Kerr and the Justin projects that will be worked this year. I like all 3 projects, Chico is of course drill ready and the truth machine will tell us what it knows soon enough. Forest Kerr is a Golden Triangle project, will be lots of news from it and surrounding plays as well as others in the Skeens Arch, area will heat up as all the players get to work and more is known about the area.

                        Justin is going to get a better look at last years vein swarm discovery.

                        rick

                        Comment


                          #13
                          Only about 60% of potential new gold supply incentivised at $1 300/oz

                          http://www.miningweekly.com/article/...13/rep_id:3650

                          Comment


                            #14
                            Why Are Investors Overlooking Gold Stocks?

                            https://safehaven.com/article/45114/...ng-Gold-Stocks

                            Comment


                              #15
                              ABEN RESOURCES OPERATOR EAGLE PLAINS SUSPENDS DRILLING PROGRAM AT THE CHICO GOLD PROJECT, SASKATCHEWAN

                              Aben Resources Ltd.'s planned and permitted Chico drill program in Saskatchewan has been suspended as a result of a request by the citizens of the community of Pelican Narrows and members of the Peter Ballantyne Cree Nation. Details of the intended program were previously announced in a news release dated March 1, 2018.

                              Eagle Plains Resources Ltd., as optionor and project operator, informed Aben of this request after a March 21, 2018, community meeting was convened in Pelican Narrows, attended by local stakeholders and Eagle Plains management. Following the meeting a decision was made by Aben and Eagle Plains to suspend the program. Aben may revisit plans to explore the property in the future, following meaningful consultation with the community and PBCN members. Government permits to undertake the proposed drilling program were issued on Feb. 28, 2018, by the Saskatchewan Ministry of Energy.

                              Aben holds the exclusive right to earn an undivided 80-per-cent interest in the property by completing $3.5-million in exploration expenditures, issuing 2.5 million shares and making $150,000 in cash payments to Eagle Plains by 2020. Aben recently made a cash payment of $25,000 and issued 250,000 common shares to Eagle Plains, pursuant to the terms of the current option agreement.

                              Aben Resources looks forward to the upcoming exploration season at the Forrest Kerr gold project in British Columbia's golden triangle after a successful drilling program there last year.

                              About Aben Resources Ltd.

                              Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia, Saskatchewan and the Yukon territory. Aben is a well-financed junior exploration company with approximately 62.7 million shares issued and outstanding. For further information on Aben Resources, visit its website.

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