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    #76
    More good news from the Forrest Kerr project: Aben Resources discovers a ‘South’ Boundary zone

    https://forumaheadoftheherd.vbulleti...-res-tsx-v-abn

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      #77
      Golden Predator TSX.V:GPY is drilling their 3 Aces Project. a 2,500 meter drill program started in the Sprogge area, this is in the southern part of the project just north of their shared border with Aben's Justin project Lost Ace. ABN named their project The Lost Ace believing they had GPY's 4th, the lost ace. GPY's drill program got underway the 27th of July.

      ABN is going to do a small program on Justin, some trenching and field work planned for September.

      rick

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        #78
        SSR Mining is drilling 18,000 meters on their Fisher property just north of Aben's Chico. They are chasing structurally controlled mineralization on the Tabbenor Fault. Further north at the Santoy Seebee they are going to drill 20,000 meters, again on the Tabbenor. This same fault runs thru Chico and there have been a couple of high grade grab samples etc, as well as the never drilled anamoly that comes within 200m of the surface. ABN will be back to this time drill Chico in mid-January Feb. Downey has been up there, things have settled down after the election.

        So at Forest Kerr we have a lot of assays to come, they are drilling hole 20, have guys on the ground working to improve geo-chem between the North and South Boundary Zone. Theres overburden and they need more work between the two discoveries. Justin is getting a wprk program and with Chico drilling ABN will have news flow all winter and will not be a 'northern stock.'

        rick

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          #79
          1 2 3, Aben Is a Three Trick Pony Ride

          http://aheadoftheherd.com/Newsletter...-Pony-Ride.pdf

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            #80
            ABN released the first hole because it was a barrnburner. The best hole drilled in a very long while in Western Canada. They had to release. Not all holes are going to be such high grade. This is an exploration program after all, I suspect the three holes from the South Boundary Zone (SBZ) will be at least as good as the 2017 holes from the North Boundary Zone (NBZ). The other holes could have misses, so so results all the way up to great. It's unreasonable to have expectations of repeating this years bonanza jewellry box assays, unrealistic but not impossible with two such drill hits just 200m apart.

            Cornell our VP Exploration is a pro, he doesn't do the 2 hole release thing, he wants a big pic release and he'll wait till he gets those kind of results. I know they expedited the SBZ three hole results, should see a release next week.

            rick

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              #81
              ABEN RESOURCES CLOSES $950,000 FLOW-THROUGH PRIVATE PLACEMENT

              Aben Resources Ltd. has arranged and closed a non-brokered private placement of 2,375,000 flow-through common shares at a price of 40 cents each for gross proceeds of $950,000. The financing was placed with institutional investors. The company intends to utilize the proceeds from the private placement on the expansion of its 2018 exploration and drilling program at its Forrest Kerr gold project, located in the Golden Triangle region of British Columbia. The company had originally announced and budgeted for up to 5,000 metres of drilling and now intends to at least double that amount this year.

              In connection with this private placement, finder fees of 7 per cent in cash and 7 per cent in finder warrants were paid to PI Financial Corp. as to $66,500 and 166,250 finder warrants. Each finder warrant will entitle the finder to purchase one common share for two years at a price of 60 cents per common share.

              The private placement is subject to TSX Venture Exchange final acceptance, and all securities are subject to a four-month-and-one-day hold period expiring Jan. 12, 2019.

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                #82

                So no warrants attached to the FT shares and finders fee of 7&7 with the warrants at .60. I'm ok with it.

                This fund will hold, and buy in the market, so I'm told.

                rick

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                  #83
                  How a financing should be done!

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                    #84
                    ABN has drilled well over 30 holes and should be drilling till freeze up, hopefully late in October. The weather will dictate when we shut down up there.

                    News will be coming for a long time but in the very short term I think we can expect as many as 10 holes, maybe as early as next week.

                    Three will be from the South Boundary Zone (SBZ) and I'm hoping for results from geophysics and geochem ABN's crews have been doing between the North Boundary Zone (NBZ) and the SBZ. They have been working in between looking for mineralization under the shallow overburden, Areas of mineralization discovered would be high priority drill targets that would be drilled this year. The importance of those results is obvious, especially if the three SBZ holes we're expecting hit. The NR regarding those three cores definately talked abundant mineralization of the right type so I'm pretty confident they will carry.

                    rick

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                      #85
                      Golden Triangle, BC Drilling Update

                      https://www.howestreet.com/2018/09/1...illing-update/

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