Introduction to Aben Resources ==============
Post# of 1088
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Stock Information
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Share Outstanding: 128 million
Ticker Symbols
TSX Venture, Canada: ABN.V
United States of America: OTCQB Market: ABNAF
Frankfurt Exchange, Germany: E2L2
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Recent News
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November 24, 2020
Aben Resources to Extend Term of Share Purchase Warrants
https://www.abenresources.com/news/aben-resou...-warrants/
October 30, 2020
Aben Resources Provides Results and Summary of 2020 Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle
https://www.abenresources.com/news/aben-resou...-triangle/
August 21, 2020
Eric Sprott Clarifies Holdings in Aben Resources Ltd.
https://www.newsfilecorp.com/release/62323/Er...on%20share.
https://sedar.com/GetFile.do?lang=EN&docC...Id=4764154
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Financial filing and official news release
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https://sedar.com/DisplayCompanyDocuments.do?...o=00005652
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Website and Presentation
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Aben Resources company website
https://www.abenresources.com/
Presentation (Updated each month) (Updated on February 1, 2021)
https://www.abenresources.com/site/assets/fil...b_2021.pdf
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Mining properties Information
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Justin Property, Yukon
https://www.abenresources.com/projects/justin/
Flagship Forrest Kerr property in the Golden Triangle of British Columbia
Forrest Kerr property covers 23,397 hectares or 234 square Km (6.1 Km x 38.3 Km)
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Track record of past and current explorations
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5 gold/copper mines (Eskay Creek mine, Snip mine, Burns Block mine and Copper Canyon mine in the Golden Triangle, Gualcamay mine in Argentina) were discovered by the 4 experienced, subtle and strategic geologists affiliated with Aben Resources with the corresponding companies sold to other mining companies.
Aben Resources's Forrest Kerr drill core assays
https://investorshangout.com/images/MYImages/...assays.jpg
As compared to Skeena Resources's past drill core assays in the Snip Mine
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Aben Resources Youtube interview videos with CEO James Pettit
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Massive gold nuggets found in outcrop of Aben's Justin property in Yukon
https://www.youtube.com/watch?v=13goOuptl_w
High grade gold and copper discovery
https://cambridgehouse.com/video/8213/highgra...ources-ltd
Aben Resources CEO at Whistler BC Capital Event Conference Feb. 2020
https://www.facebook.com/abenresources/videos...326774690/
All past media interview videos
https://www.youtube.com/results?search_query=...p=CAI%253D
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Outlook for the Resource Sector
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The negative economic impact of the Pandemic will be long lasting, Old Normal will not return until the whole world is virus free as it takes only one cockroach to proliferate and infest the whole world again. Continuous economic stimulus and weak US Dollar are needed. The US Dollar Index will likely decline to level 80 in the coming years before consolidating in a side way pattern amid weak economic performance, economic saturation and fierce global trade war. Gold and mining stocks will strive in such environment.
US Dollar Index is in a long term down trend
https://bigcharts.marketwatch.com/advchart/fr...60&y=5
XAU mining index: The 15-year Head-And-Shoulder pattern formed between year 2000 and 2015 signals a prolonged up trend in mining stocks to possibly new record high.
XAU mining stock Index monthly chart
https://bigcharts.marketwatch.com/advchart/fr...62&y=4
Goldman Sach - The outlook for commodities bull market in 2021
https://www.youtube.com/watch?v=y9yuyAAn5Dc
Potential supercycle bodes well for precious metals in 2021, says analyst
https://www.cnbc.com/video/2020/12/18/potenti...alyst.html
Economic boom in China will lead to another commodities supercycle similar to that between the year 2000 to 2008.
https://www.theguardian.com/business/2021/jan...supercycle
Here's Why Commodities are Worth Investing in Right Now
https://www.nasdaq.com/articles/heres-why-com...2021-01-19
Could 2021 be the start of a new super-cycle?
https://www.woodmac.com/news/the-edge/could-2...per-cycle/
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Gold, Silver, Copper, Mining Index and ABN.V price chart
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Gold Price - Pull back from last August's high has hit strong support level at $1760 with a double Up Reversal, technically up trend will resume soon
https://stockcharts.com/h-sc/ui?s=%24GOLD&...9325303251
https://mrci.com/pdf/gc.pdf
Silver Price formed a Double Bottom pattern at $22, indicating a strong support for the precious metals
https://stockcharts.com/h-sc/ui?s=%24SILVER&a...5832796445
https://mrci.com/pdf/si.pdf
Copper Price weekly chart
https://stockcharts.com/h-sc/ui?s=%24COPPER&a...7009666446
https://www.mrci.com/pdf/hg.pdf
XAU Mining Index weekly chart - A Double Bottom pattern has formed at 130 support level, up trend will resume soon
https://stockcharts.com/h-sc/ui?s=%24XAU&...0985509425
Global mining stock Index weekly chart (Historical high is over 135, so it has still a long way to go)
https://stockcharts.com/h-sc/ui?s=%24SPTGM&am...5126536165
ABN.V 5-year weekly chart (Longer the side way consolidation, greater will be the breakout force)
https://stockcharts.com/h-sc/ui?s=ABN.V&p...7496113214
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Aben Resources in the social media
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https://ca.linkedin.com/company/aben-resources-tsx-v-abn-
https://twitter.com/Aben_ABN/
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Insider Trading Information
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Canadian Insider
https://www.canadianinsider.com/company?ticker=ABN
How Many Aben Resources Ltd. (CVE:ABN) Shares Did Insiders Buy, In The Last Year?
https://simplywall.st/stocks/ca/materials/tsx...-last-year
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Other mining companies operating in the Golden Triangle of British Columbia
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Aben Resources is a new comer to the Golden Triangle while most of the explorers have been operating there for decades, delineating their resources and reserves to enhance shareholder value. CEO James Pettit optioned Forrest Kerr in 2016, in the subsequent 3 years he drilled and incurred exploration expenses to meet the option agreement, completed the Earn-In in November 2019 and own 100% of Forrest Kerr property.
Mining explorers operating in the prolific Golden Triangle of British Columbia and their current share price:
1 RG Romios Gold Resources $0.055
2 ABN Aben Resources $0.070
3 DEC Decade Resources $0.090
4 MRO Millrock Resources Inc. $0.110
5 SKYG Sky Gold Corp $0.140
6 ENDR Enduro Metals Corporation $0.190
7 AMK American Creek Resources Ltd $0.270
8 BBB Brixton Metals Corporation $0.280
9 EVER Evergold Corp $0.240
10 MTS Metallis Resources $0.240
11 MTB Mountain Boy Minerals $0.450
12 GGI Garibaldi Resources Corp $0.410
13 QEX QuestEx Gold & Copper Ltd $0.610
14 DV Dolly Varden Silver Corp $0.850
15 BNCH Benchmark Metals Inc. $1.190
16 AOT.TO Ascot Resources Ltd. $1.200
17 ESK Eskay Mining Corp $2.720
18 TUD Tudor Gold Corp $2.770
19 GTT GT Gold Corp $2.300
20 TUO Teuton Resources Corp $2.480
21 SKE.TO Skeena Resources Ltd. $3.180
22 III.TO Imperial Metals Corp $4.290
23 PVG.TO Pretium Resources Inc. $14.240
24 ELD.TO Eldorado Gold Corp $14.510
25 SEA.TO Seabridge Gold Inc. $25.790
https://www.seabridgegold.com/company/overview
Due to lack of basic infrastructure like powerline and accessible roads, exploration and discoveries were arduous in the Golden Triangle, it took Seabridge Gold 41 years to achieve its current reserves and assets since its formation in 1979. Thanks to Imperial Metals, its desire to construct a copper mine at Red Chris prompted the government to construct highway and roads and install powerline through the Golden Triangle since 2012, with the basic infrastructure in place and with the progress in modern day mineral detection technology, potential rapid discovery of bonanza gold deposits in the Forrest Kerr fault zone and accurate resources estimate through 3-D imaging can be achieved.
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Aben Resources - The potential of bonanza precious metal and base metal discovery
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Great Bear Resources's long intervals of high grade gold is contributed by bonanza gold deposits along the LP fault zone in its Dixie property in Red Lake, Ontario.
https://greatbearresources.ca/news/great-bear...-step-out/
GBR.V weekly chart
https://stockcharts.com/h-sc/ui?s=GBR.V&p...5415822585
What do Aben Resources and Great Bear Resources have in common? They both have fault line in their property. Aben has an even longer fault line which traverses the entire property of Forrest Kerr in the North-South direction. CEO James Pettit likes Forrest Kerr because of the presence of the fault line. Aben geologists traced the source of the visible gold in the North Boundary zone to an area west of Nelson Creek fault zone and have outlined drilling targets for the coming drilling programs. With high grade gold in its past assays and with the property situated between Snip Mine and Eskay Creek mine, the prospect of bonanza gold deposits in Forrest Kerr is very promising. Constructive chart pattern in share price chart stands out among its peers, reflecting investors' strong confidence in the company's future bonanza discovery as some experienced investors are super keen in their clairvoyance.
Drilling target is set at the west side of Nelson Creek fault zone (Page 17 of Presentation)
As the saying goes: Rome is not built in one day and it takes financing to support drilling programs. Looking for bonanza gold deposit in the big 234 square kilometer area is like looking for a pin in a haystack. Time, patience and endurance are needed but drilling close to the fault line greatly increases the chance of discovery just as Great Bear Resources did. Cross your fingers that bonanza discovery in Forrest Kerr will turn out to be the mother of all discoveries and will send share price soaring.
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Drilling targets in the coming drilling programs
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Page 17 of Presentation
Click for enlarged view
https://investorshangout.com/images/MYImages/...argets.png
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Media News
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https://investingnews.com/company-profiles/ab...-triangle/
https://www.miningnewsnorth.com/story/2018/10.../5372.html
http://energyandgold.com/2018/05/08/aben-reso...-triangle/
https://www.investorideas.com/news/2019/main/...ources.asp
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Chart Technicality
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Head-And-Shoulder is a natural chart formation in Nature, it is the most liable and predictable chart pattern among all chart formations.
Bullish and bearish Head-And-Shoulder patterns
https://encrypted-tbn0.gstatic.com/images?q=t...p;usqp=CAU
Bullish Head-And-Shoulder pattern - fail break pattern
Bullish Head-And-Shoulder pattern in copper
Bullish Head-And-Shoulder pattern in XAU mining index
Based on resources potential and chart technicality, a sharp breakout in Q2 is imminent
https://investorshangout.com/images/MYImages/...onthly.gif
https://investorshangout.com/images/MYImages/...nchpad.jpg
In the year 2000 I bought 200,000 shares of American Bullion Minerals at 5 cents. The company owned the Red Chris copper mine with 6 billion pounds of copper reserves. The company was bought out by Imperial Metals in 2011 at $2 a share, the sale offered me $400K for my early retirement. Hope lightning will strike twice.
Red Chris Mine (at the top right corner of the Golden Triangle)
https://investorshangout.com/images/MYImages/...ABNmap.jpg
I always remind myself that Rome is not built in one day, big fortune can only be made in long term holding of stocks with promising future and that patience and endurance will pay off. No short term gamblers ever came out of a casino alive in the long run.
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News Flashback - Will history repeat itself? Certainly, CEO James Pettit said in the interview videos that virtually every hole they drilled encountered gold mineralization and with the presence of visible gold and extension of the mineralization to the west of the Nelson Creek Fault Zone, it is a good indication of the existence of bonanza gold deposit along the fault line. Rome is not built in one day but they are getting there, wait till they get closer to the hot spots, 37 meters of 0.46 g/t in each of the 2 test holes in 2000 could turn into 37 meters of over 10 g/t and share price under 15 cents will be history.
June 21, 2018
Aben Mobilizes to Forrest Kerr Gold Project in BC’s Golden Triangle Region
https://sedar.com/GetFile.do?lang=EN&docC...Id=4343523
August 9, 2018
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
https://sedar.com/GetFile.do?lang=EN&docC...Id=4366630
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