Aben Resources (ABN.V) will be advancing both the Forrest Kerr gold project in British Columbia as well as the Justin Gold project in the Yukon Territory during this summer and this two-pronged approach should ensure a summer packed with exploration updates.
Forrest Kerr, British Columbia
At Forrest Kerr, Aben will focus on extending the strike zone of the North Boundary zone by exploring for a northern extension of the high-grade gold zone that was discovered last year (with an interval of 10 meters containing in excess of 1.1 ounces of gold per tonne)while the drill bit will also try to connect the same zone with a hole drilled in 1991 by Noranda which also discovered high-grade gold mineralization.
Aben will also follow up on the interesting discovery of the gold-silver-copper-zinc zone at the South Boundary Zone where it recently conducted an airborne magnetic survey over an 8 square kilometer target area. The results of this survey will help Aben to find geologic structures that could control the mineralization at South Boundary, and the survey should result in Aben defining new high-priority drill targets to chase this polymetallic zone.
And while the North and South Boundary zones will get the attention they deserve, Aben will also return to the Forrest Zone where it will drill-test an area where a geophysical conductive anomaly is coinciding with anomalous gold-in-soil and gold-in-rock values.
Justin, Yukon Territory
And while Aben will be busy a the Forrest Kerr project, the company is also planning to complete 600 meters of RAB drilling and up to 1,350 meters of diamond drilling on the Justin gold project in the Yukon Territory where it will be following up on historical exploration results.
The first phase of the Justin summer exploration program will start any day now as the RAB drill will be directed to the Lost Ace zone where the 2018 trenching program encountered 1 meter of 88 g/t gold as well as 4.4 meters of 20.8 g/t gold in a setting that appears to be similar to the 3 Aces property, owned by Golden Predator (GPY.V). As this zone is just two kilometers away from the POW zone (which was discovered in 2010), it will be interesting to see if Aben is perhaps able to connect both zones, or if they are two fully independent gold systems.
The diamond drill rig will be sent to the aforementioned POW zone to follow up on the 2011 and 2012 exploration programs which encountered 60 meters of 1.19 g/t gold (including a higher grade zone of 21 meters containing 2.47 g/t gold) and in excess of 46 meters of 1.49 g/t gold. This bodes well for the potential delineation of a large bulk tonnage target at an acceptable gold grade.
As of the end of March, Aben Resources had C$5.2M in cash, and a working capital position of approximately C$5.8M, so the company’s treasury is in an excellent shape and with a current market cap of just C$25M, Aben won’t need much to see its share price move (again). Excellent exploration results pushed the share price well north of C$0.40 last year, so let’s hope the Justin and Forrest Kerr drill programs will impress the market again!
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The author has a long position in Aben Resources. Aben is a sponsor of the website. Please read the disclaimer
