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  • rick
    started a topic Aben Res TSX.V - ABN

    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.

  • rick
    replied
    “We had three discovery holes in 2017, this year we had the jewellry box first hole, and then 7 more all from the NBZ.

    An early stage exploration play is all about DISCOVERY POTENTIAL. 1.6 kilometer away is the SBZ. Mineralization from the three holes drilled there this year is described as...

    "three holes (1,150m) have been completed on the southwest side of the valley at the “South Boundary” target, located 1.5km south of the strong gold and copper mineralization intersected at the North Boundary Zone. Drilling in this area targeted a prominent soil geochemical anomaly (Au, Cu) that trends southward over 2km. These three holes represent the first ever drill-holes collared in this target and have intersected numerous broad horizons of quartz-sulfide veins containing abundant pyrite and copper (chalcopyrite) mineralization. The mineralized veins are hosted within a package of Hazelton Group volcanic rock that display moderate to strong silica-sericite alteration with a variable chlorite and potassic alteration component. This combination of sulfide mineralization and alteration has been indicative toward the potential for associated precious metal values throughout the 4km x 2km Boundary Zone."

    "Jim Pettit, President and CEO of Aben Resources stated, " This new discovery of mineralization 1.5km south of the North Boundary Zone is a major development for the Company and further highlights the robust discovery potential at the Forrest Kerr Project. The mineralizing system at the property is apparently widespread and well-developed with high-grade mineralization being discovered at shallow depths over a large area. We believe we have only just scratched the surface at the newly discovered North and South Boundary Zones and an expanded drill program is currently underway with assays pending for most of the holes drilled to date."


    Watch the video, Cornell is standing is 1.6km south of the 11 holes of which most were mineralized. We have three holes from the SBZ, drilled within yards of where Cornell is speaking, that are described as 'abundantly mineralized.' Geo-chem and geo-physics have been going on in between the NBZ and the SBN. They have had two crews working geo-chem for a month, the valley runs north south, the Forrest Kerr fault is the west marker, the Red Line the east, they flew geo-physics at 50m spacings across, east to west, the whole length of the valley.

    Who knows, maybe they popped a hole or two in between? Won't have assays, best we could hope for is inclusion in the next NR about more abundant mineralization in a hole or two in between.

    Watch the video again.

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

    27 plus holes to come. Core orientation is being used. Geo-chem/geophysics results coming.”

    Watch this one...


    https://www.youtube.com/watch?v=UCm9...ature=youtu.be

    rick

    Leave a comment:


  • rick
    replied
    Presentation by Jim Pettit, CEO

    https://www.youtube.com/watch?v=UCm9...ature=youtu.be

    Leave a comment:


  • rick
    replied
    http://aheadoftheherd.com/Video/Aben-Interview.mp4

    We interviewed ABN's VP Exploration when we were up there. Left out a piece of video you might find interesting.

    Rick

    Leave a comment:


  • rick
    replied
    Wasn't the high grade expected but results do show ABN building near surface high grade mineralization. Story is not over by a long shot.

    There are 30 some holes left to report and they are still drilling plus doing geo-chem and geo-physics at Forest Kerr and Justin. News will flow till well into December. A short break and then onto Chico.

    The company is fully cashed up for the rest of this year and next year. In the spring when others are out raising money Aben won't be, they have $7mil in the treasury.

    "Aben has also just completed a 355 line-kilometer airborne Magnetic survey over the entire Boundary Zone with results expected by the end of September. The interpreted results of the survey are expected to greatly assist in identifying fault structures that have good potential to host high-grade precious metal mineralization in the Boundary valley."

    "All additional drilling is implementing Oriented Core Drilling techniques which will aid in determining true thicknesses and establishing structural and lithologic controls to mineralization."

    https://www.boartlongyear.com/insite...-and-planning/

    "Complete assays for the three holes collared 1.5 km south at the South Boundary Zone are still pending. The South Boundary Zone had never been drill-tested and the newly discovered mineralization is encouraging considering the distance between the collar locations in the North and South Boundary Zone. The ground between and beyond the two zones is highly prospective for further discovery of gold and copper-bearing horizons given that they are located within a large gold-in-soil and rock anomaly in similar lithologies. The ubiquitous nature of the veining and widespread alteration regimes indicates that a strong and extensive hydrothermal system operated throughout time across the Boundary Zone. The broader soil geochemical anomaly that covers both the North and South Boundary Zones extends for over 4 km north to south and 1.5 km east to west."

    Leave a comment:


  • rick
    replied
    ABEN INTERSECTS ADDITIONAL, SHALLOW HIGH-GRADE GOLD MINERALIZATION AT THE NORTH BOUNDARY ZONE OF THE FORREST KERR PROJECT IN BC'S GOLDEN TRIANGLE

    Aben Resources Ltd. has received additional analytical results from the early-stage drilling at the 23,000-hectare Forrest Kerr property located in the Golden Triangle region of British Columbia. The eight drill holes reported here consist of step-out drilling at the North Boundary Zone and most of the holes intersected shallow, high-grade gold mineralization. Highlights include: 5.08 g/t Au over 12.0m in hole FK18-12; 23.3 g/t Au over 2.0m in hole FK18-13; and 10.62 g/t Au over 3.0m in hole FK18-17. To date, final analytical results have been received for 3,000m of a total projected 10,000m (table of values and hole descriptions near end of release).

    This step-out drilling has successfully expanded the North Boundary Zone along an interpreted NE-SW trend from the high-grade gold mineralization reported last year in holes FK17-04, 05, and 06 as well as in previously reported FK18-10 which intersected 38.7 g/t Au over 10.0m from 114.0m - 124.0m depth including 62.4 g/t Au over 6.0m (see news release dated August 9, 2018). Several discrete zones of Au-Ag-Cu-Zn mineralization were encountered in all eight drill holes reported here and the multiple mineralized horizons illustrate the strong potential for further discovery of precious metal bearing structures on the Property.

    Highlights:
    • Hole FK18-12 returned 5.08 g/t Au over 12.0m (40.0m - 52.0m depth), including 24.25 g/t Au over 2.0m (42.0m - 44.0m depth)..
    • Hole FK18-13 returned 23.3 g/t Au over 2.0m (106.0m - 108.0m depth).
    • Hole FK18-17 returned 3.18 g/t Au over 15.0m (232.0m - 247.0m depth) including 11.02 g/t Au over 2.0m (239.0m - 241.0m depth), as well as 31.40 g/t Au over 1.0m (261.0m - 262.0m depth).
    • North Boundary Zone remains open in all directions.
    • 36 drill holes completed to date with assays pending for 27 of these holes which were drilled using Oriented Core Drilling techniques.
    • Drilling continues as part of an expanded program.
    • Broad soil geochemical anomaly over 4 km in length and continues to yield new discoveries (i.e.: recently-announced South Boundary Zone where final assays are still pending).
    • New airborne geophysical survey reveals numerous untested target areas.



    Jim Pettit, President and CEO of Aben Resources stated, "These high-grade step-out holes at North Boundary have expanded the zone which is open in all directions and confirm the presence of a robust mineralizing system in the area. Based on the geochemical and new geophysical data available to us we can clearly see the potential of the area that now includes the North Boundary Zone, the historic Noranda hole 230 meters to the south and the South Boundary Zone another 1.5 kilometers further south. Given the complex geology, we started using Oriented Drill Core techniques after these eight holes reported here which will help in identification of orientation and structure as well as to delineate additional high-grade mineralization. The target areas in and around the Boundary Zones are relatively shallow and continue to provide strong discovery potential as we have only systemically tested a very small area at shallow depths. The Company is awaiting additional assay results from 27 holes, three of which are from South Boundary and the rest from the North Boundary Zone. This new high-grade discovery is still in its early days and with this increased drill program there will be news for some time to come. I would also like to welcome Eric Sprott as a new major shareholder and thank him for his support. The Company now has just over $7 million in the treasury from financings and the exercise of warrants. "

    Complete assays for the three holes collared 1.5 km south at the South Boundary Zone are still pending. The South Boundary Zone had never been drill-tested and the newly discovered mineralization is encouraging considering the distance between the collar locations in the North and South Boundary Zone. The ground between and beyond the two zones is highly prospective for further discovery of gold and copper-bearing horizons given that they are located within a large gold-in-soil and rock anomaly in similar lithologies. The ubiquitous nature of the veining and widespread alteration regimes indicates that a strong and extensive hydrothermal system operated throughout time across the Boundary Zone. The broader soil geochemical anomaly that covers both the North and South Boundary Zones extends for over 4 km north to south and 1.5 km east to west.

    Aben has also just completed a 355 line-kilometer airborne Magnetic survey over the entire Boundary Zone with results expected by the end of September. The interpreted results of the survey are expected to greatly assist in identifying fault structures that have good potential to host high-grade precious metal mineralization in the Boundary valley. Mineralization at 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 Zones lie 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 Boundary host package Hazelton rocks are also known to be a prolific host to several deposits throughout the region. The North Boundary area shows very little outcrop exposure and contains complex geology which is disrupted by a series of faults of unknown orientation. All additional drilling is implementing Oriented Core Drilling techniques which will aid in determining true thicknesses and establishing structural and lithologic controls to mineralization.


    Table of Assay Results Hole ID From (m) To (m) Interval (m) Au (g/t) Cu (ppm) FK18-11 334.0 337.0 3.0 2.09 923 incl. 336.0 337.0 1.0 4.55 17 FK18-12 40.0 52.0 12.0 5.08 1,993 incl. 40.0 46.0 6.0 8.78 3,965 incl. 41.0 45.0 4.0 13.03 5,907 incl. 42.0 44.0 2.0 24.25 11,575 FK18-13 106.0 108.0 2.0 23.30 350 FK18-14 No significant results FK18-15 Hole lost at 61.5 m FK18-16 303.0 307.0 4.0 3.13 2,219 incl. 303.0 304.0 1.0 6.95 FK18-17 232.0 247.0 15.0 3.18 598 incl. 238.0 243.0 5.0 5.60 570 incl. 239.0 241.0 2.0 11.02 169 260.0 263.0 3.0 10.62 7,562 incl. 261.0 262.0 1.0 31.40 19,750 283.0 284.0 1.0 8.22 9,110 FK18-18 233.0 237.0 4.0 4.02 2,317 incl. 234.0 236.0 2.0 6.99 3,985 * All assay values are uncut and intervals reflect drilled intercepts true thicknesses and orientations of the various zones is currently not known.


    North Boundary Plan View Drill map:

    https://www.abenresources.com/site/a...sept__2018.jpg

    Summary of Drilling: FK18-11: same pad as FK18-10 at a steeper angle

    Several intercepts > 1.0 g/t Au were encountered (high 4.55 g/t) throughout its 402m length FK18-12: collar location 40 meters NE of FK18-10 & 11

    Collared in mineralization at 12.0m (3.5 g/t Au) with a shallow zone between 40-52m that returned 5.1 g/t Au over 1.0m including 34.3 g/t Au over 1.0m FK18-13: collar location same as above

    Mineralization at or near top returned between 1-3 g/t Au with a high of 23.3 g/t Au over 1.0m at 106m depth FK18-14 & 15: collar location 50m SW of FK18-10 & 11

    Both holes encountered broken and faulted ground conditions that were poorly mineralized and in the case of FK18-15 lost at 61m FK18-16: collar location as above at steeper dip (-65)

    Narrow zones of low grade (<1 g/t) gold mineralization near top with a strong sulfide horizon at 300m that returned 1.7 g/t Au over 8.0m FK18-17 & 18: collar location 185m SW of FK18-10 and drilled opposite direction (northward)

    FK18-17 (-45) pierced a 15.0m zone that tested 3.2 g/t Au with an intercept of 31.4 g/t Au 20m below this zone (240m depth)

    FK18-18 (-50) hit the same zone of above with 4.0 g/t Au over 4m. Link to additional Cross Section and Plan View maps:

    https://www.abenresources.com/projects/photo-gallery/

    Analytical and QA/QC Description:

    All 1- or 2-meter drill core samples were delivered to ALS Global prep facility in Terrace, British Columbia where they were crushed until 70% passed a 2mm sieve, then a 250g split was pulverized until better than 85% passed a 75-micron screen. Gold was tested via fire assay method Au-ICP21 with all ore-grade samples (>10 g/t) undergoing fire assay with gravimetric finish. ALS performed multi-element ICP-AES package ME-ICP41 in their Vancouver facility to test for 35 other elements. In addition to the quality assurance and quality control program performed by ALS, Aben personnel insert lab certified standards, field blanks and duplicates into the sample stream at the rate of one QA/QC sample in every 10 samples. 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. The Company is actively exploring its flagship and high-grade Forrest Kerr Project located in the Golden Triangle region where recent drilling has discovered strong precious and base metal mineralization at the North Boundary Zone.

    Leave a comment:


  • shamool
    replied
    Load up you're margin account and get ready to buy some put options. The pot bubble is going to burst and we can make big bucks if we are bold enough. Im trying to figure out a good strategy for this.

    Leave a comment:


  • rick
    replied
    I'm hoping for news from ABN next week and for CYP to post the PEA on SEDAR as well next week. Get something going, stir the pot, create some excitement. These markets, except the pot sector, are dead. And imo soon the pot stocks will no pun intended suck.

    Still holding New Carolin V.LAD.

    rick

    Leave a comment:


  • shamool
    replied
    I bought some ABN today at .29 for a quick trade into news. I missed the fun last time...

    Leave a comment:


  • rick
    replied
    Golden Triangle, BC Drilling Update

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

    Leave a comment:


  • rick
    replied
    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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  • shamool
    replied
    How a financing should be done!

    Leave a comment:


  • rick
    replied

    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

    Leave a comment:


  • rick
    replied
    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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  • rick
    replied
    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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