Announcement

Collapse
No announcement yet.

Aben Res TSX.V - ABN

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    #46
    Aben Resources: drills are turning!

    https://www.caesarsreport.com/blog/a...s-are-turning/

    Comment


      #47
      ABEN INTERSECTS MINERALIZATION EARLY IN DRILL PROGRAM AT FORREST KERR PROJECT IN BCA S GOLDEN TRIANGLE

      Aben Resources Ltd. has provided the following progress update on its 2018 exploration and drilling program at its 23,000-hectare Forrest Kerr gold property located in British Columbia's Golden Triangle region. The first five holes drilled at the high grade North Boundary Zone have encountered mineralization and the drill core has been sent to the assay labs and final geochemical assays are pending. These holes have transected rock that has been strongly altered with quartz-sericite-pyrite with variable chlorite and strong calcite and hematite throughout. The pervasive nature of the alteration is evidence toward the strength of the hydrothermal system that operated through time in this part of the Property. Several fault and shear zones have been encountered in each hole, which have been interpreted and observed as the likely host to Au-Ag-Cu mineralization. This area of the Forrest Kerr Property hosts gold-silver-copper in rock and soil anomalies that span in excess of 2 km by 4 km and remain under-explored.

      Select results from the 2017 holes include 6.7 grams per tonne (g/T) Au, 6.4 g/T Ag and 0.9% Cu over 10 meters, including 18.9 g/T Au, 16.6 g/T Ag and 2.2% Cu over 3.0 meters in hole FK17-04 which contributed to an average grade of 0.26 g/T Au over 387 meters. Hole FK17-05 returned 21.5 g/T Au, 28.5 g/T Ag and 3.1% Cu over 6 meters from the same zone at a slightly greater depth.

      The Company's President and CEO, Jim Pettit, stated: "Notable regional discoveries by Pretium, GT Gold, Garibaldi Resources and others have illustrated the significant discovery upside remaining in the district and we are confident in the potential at Forrest Kerr given the newly discovered and historic high-grade mineralization there as well as the numerous untested gold-in-soil anomalies present."

      Aben currently owns certain mineral tenures outright and has agreements in place with various third-parties whereby it has the exclusive right to a 100% interest in the 23,000-hectare property area.

      Cornell McDowell, P.Geo., V.P. 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:

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

      Comment


        #48
        Aben finds early success at Forrest Kerr

        http://aheadoftheherd.com/Newsletter...rrest-Kerr.pdf

        Comment


          #49
          AOTH will be doing a site visit to Aben's Forest Kerr project the first week of August.

          rick

          Comment


            #50
            ABEN'S FIRST DRILL HOLE DISCOVERS MULTIPLE HIGH-GRADE ZONES INCLUDING 62.4 G/T GOLD OVER 6.0M WITHIN 38.7 G/T GOLD OVER 10.0M AT FORREST KERR PROJECT IN BC'S GOLDEN TRIANGLE

            Assay results from Aben Resources Ltd.'s first drill hole of 2018 have been received with multiple high-grade zones and precious metal values intersected in the hole at shallow depths. Drill hole FK18-10 was collared in the North Boundary zone of the Forrest Kerr property in British Columbia's Golden Triangle region where drilling late in the season in 2017 discovered strong precious and base metal mineralization. Hole FK18-10, the first of eight holes that have been drilled thus far, has four separate high-grade zones with the best zone returning and interval of 38.7 g/t Au over 10.0 metres including 62.4 grams per tonne gold over 6.0 m starting at 114 metres downhole.

            Highlights:
            • Four separate high-grade zones intersected in first drill hole FK18-10 all within 190 metres downhole at recently discovered North Boundary zone;
            • Highest-grade zone consists of 331.0 g/t (grams/tonne) gold (Au) (9.65 ounces per ton) over 1.0 metre (m) within broad zone averaging 38.7 g/t Au (1.12 ounces per ton) over 10.0 m from 114.0 to 124.0 m including 62.4 g/t Au over 6.0 m (true thicknesses undetermined);
            • Additional high-grade zones in hole FK18-10 including 22.0 g/t Au, 22.4 g/t silver (Ag) over 4.0 m; 3.9 g/t Au, 4.0 g/t Ag over 13.0 m; and 8.2 g/t Au, 1.4 g/t Ag over 6.0 m (see table for intervals in more detail);
            • New discovery is part of the Boundary North zone and is 230 m north of the historic high-grade drill hole drilled by Noranda in 1991;
            • Plans to expand the drill program being put in place and assays are pending for seven more drill holes.



            Jim Pettit, president and chief executive officer of Aben Resources, stated: "The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong mineralizing system at the recently discovered North Boundary zone. We are now looking at an area that extends 230 m south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex we believe more drilling will delineate additional high-grade mineralization. The target areas in and around the Boundary zone are relatively shallow and continue to provide strong discovery potential as we look to value add the project using a systematic exploration methodology. With drilling ongoing, the company is awaiting assay results from an additional seven drill holes, all of which were drilled at the North Boundary zone and will provide updates as results become available. I would like to congratulate our geological team on their work thus far as we have made a significant discovery in the Golden Triangle region that is still in its early days with drilling slated to ramp up over the coming months."

            Ron Netolitzky, chairman of Aben Resources, stated: "The presence of multiple mineralized zones associated with mesothermal veining and adjacent to major structural breaks is very encouraging. Close proximity to infrastructure will facilitate ongoing exploration."

            Overview of drill hole FK18-10 and geological description

            Hole FK18-10 (140/-45) was drilled from a location 35 metres northwest and along section from the drill pad from which the discovery holes FK17-04, 05 and 06 were drilled late in the drill season last year in August/September. The new hole has further defined and significantly increased the zone of precious and base metal mineralization that the 2017 holes originally intersected. Of particular note, the high-grade interval of 331.0 g/t Au was encountered 230 metres north of a 326 g/t Au interval reported by Noranda in 1991 in drill hole RG91-16. High-grade intercepts are generally found in narrow and discrete zones of moderate mineralization within a broad envelope of lower-grade mineralization. Mineralization at North Boundary reflects the polymetallic nature of the core with widely variable values of Au, silver, copper, lead and zinc throughout.

            With drilling currently continuing, final geochemical assays results for seven completed holes are still pending and the company will look to expand the scope of the program given the results from the first hole and visual indicators in the other holes. This recently discovered North Boundary zone shows very little outcrop exposure and contains complex geology which is disrupted by a series of faults of unknown orientation. Additional drilling is required to determine true thicknesses and establish controls to the mineralization

            Previously reported and select results from the few 2017 drill holes at North Boundary include 6.7 g/t Au, 6.4 g/t Ag and 0.9 per cent Cu over 10.0 m including 18.9 g/t Au, 16.6 g/t Ag and 2.2 per cent Cu over 3.0 m in hole FK17-04 which contributed to an average grade of 0.26 g/t Au over 387.0 m. Hole FK17-05 returned 21.5 g/t Au, 28.5 g/t Ag and 3.1 per cent Cu over 6.0 m from the same zone at a slightly greater depth.

            Mineralization at North Boundary is structurally controlled and hosted in a package of volcanic and volcaniclastic rocks from the Jurassic Hazelton group. Several generations of quartz and quartz-carbonate veining are important hosts to mineralization, as are subordinate breccia zones with strong chlorite, hematite and carbonate alteration. The Boundary zone lies between the Forrest Kerr fault to the west, a major deep-seated crustal feature, and the unconformable contact between the Jurassic Hazelton group and the Triassic Stuhini group to the east. The rock reflects a prolonged history of strong hydrothermal activity combined with brittle deformation. The host package Hazelton is known to be a prolific host to several deposits throughout the region.

            Comment


              #51
              Aben Resources Posts Materially Better Follow-Up Assay Results in BC

              https://midasletter.com/2018/08/aben...results-in-bc/

              Comment


                #52

                Drill hole FK 18-10 included 1.0 meter 331.0 g/t Au. That's gold worth $12897.98 tonne.

                Normally you wouldn't get too worked up, after all high grade jewellry box type showings happen occasionally in these fault systems.

                BUT Also from the release...

                "the high-grade interval of 331.0 g/t Au was encountered 230 metres north of a 326 g/t Au interval reported by Noranda in 1991 in drill hole RG91-16."

                That's a very possible couple hundred meters of mineralization between the two jewellry box gold showings! And thats something to get worked up about!!!

                Rick

                Comment


                  #53
                  too early to call this a mine, I agree but would never say so so early in the game. Also Netolitzky did not place last years nor this years drill holes. Cornell McDowell did. But what the hell, Ron's name, and any comparision with Eskay Creek, one of Canada's highest grade mines and in the GT, carries big weight in this game and if Moriarity wants to throw it around its good with me and I suspect Cornell as well.

                  rick

                  Bob Moriarty of 321gold offered the following comments on this morning’s Aben drill news “Ron Netolitzky discovered Eskay Creek on his first hole there. He doesn’t like wasting drill money. This has Eskay potential easy. This will be a mine.” Mr. Moriarty is long ABN shares and very bullish, and admittedly biased.

                  http://energyandgold.com/2018/08/09/...-run-step-out/
                  Last edited by rick; August 9th, 2018, 02:21 PM.

                  Comment


                    #54
                    Aben Hits Eskay Creek Grade Gold in the Golden Triangle

                    http://www.321gold.com/editorials/mo...rty081018.html

                    Comment


                      #55
                      Ahead of the Herd Interview with Aben VP Exploration Cornell McDowell at Forrest Kerr

                      http://aheadoftheherd.com/Video/Aben...-SiteVisit.mp4

                      Comment


                        #56
                        Aben hits big gold at Forrest Kerr

                        http://aheadoftheherd.com/Newsletter...rrest-Kerr.pdf

                        Comment


                          #57
                          That’s a barnbuster hole

                          https://caesarsreport.com/freereport...2018-08-10.pdf

                          Comment


                            #58
                            https://www.youtube.com/watch?v=rUuDeaYt5ew

                            Very very cool video.

                            rick

                            Comment


                              #59
                              Aben's 2018 bonanza hole.

                              The highest-grade zone assayed at a whopping 331 grams per tonne (g/t), or 9.65 ounces per tonne, over 1.0m, within a broader zone of 38.7 g/t over 10m. The results from other high-grade zones in the discovery hole included 22.0 g/t gold and 22.4 g/t silver over 4.0m, 4.0 g/t silver over 13.0m, and 8.2 g/t gold with 1.4 g/t silver over 6.0m. The hole was drilled 230m north of a high-grade historic hole drilled by Noranda in 1991, which hit 326 g/t gold.

                              1 United States Dollar equals 1.32 Canadian Dollar.

                              331 grams per tonne (g/t), or 9.65 ounces per tonne = US$12,887.00 per tonne, Cdn$16,969.00

                              38.7 g/t over 10m = US$1,507.00 tonne, Cdn$1,984.00

                              22.0 g/t gold and 22.4 g/t silver over 4.0m US$867.00, Cdn$1,142.00

                              Rick

                              Comment


                                #60
                                ABEN RESOURCES ANNOUNCES $4 MILLION PRIVATE PLACEMENT LED BY ERIC SPROTT

                                Aben Resources Ltd. has arranged a non-brokered private placement of up to 13,333,333 units at a price of 30 cents each to raise gross proceeds of up to $4-million. Each unit will consist of one common share and one warrant exercisable to purchase one additional common share at a price of 45 cents each for a period of two years from the date of issuance. The lead order is for $2-million from Eric Sprott who will subscribe for 6,666,667 units. Additionally, Palisade Global Investments will subscribe for 2.75 million units and Venture Ad Network will subscribe for 600,000 units.

                                Jim Pettit, Aben's chief executive officer, stated: "Aben Resources is very pleased to welcome Eric Sprott as a large strategic shareholder of the company. Mr. Sprott is one of the world's premier precious metals investors and a respected leader in the investment community. His participation in this financing speaks to the high-grade discovery and future potential of Aben Resources' Forest Kerr project in the Golden Triangle region of British Columbia. The company plans to expand its current drill program on the back of the results from the first drill hole in the program at the newly discovered North Boundary zone which intersected four separate high-grade intervals including 62.4 grams per tonne gold over 6.0 m within 38.7 g/t Au over 10.0 m from 114.0 to 124.0 m. With drilling ongoing, Aben is awaiting assay results from an additional seven drill holes, all of which were drilled at the North Boundary zone and will provide updates as results become available."

                                The company intends to utilize the proceeds from the private placements to expand its 2018 exploration and drilling program at its Forrest Kerr gold project located in the Golden Triangle, British Columbia, and for general working capital purposes. The private placement is subject to TSX Venture Exchange approval, and all securities are subject to a four-month-and-one-day hold period. Finder fees may be payable in connection with the private placement, all in accordance with the policies of the TSX Venture Exchange.

                                Comment

                                Working...
                                X