Introduction to Aben Resources ...................
Post# of 1088
(Total Views: 590)
Posted On: 04/02/2021 2:13:10 PM
Introduction to Aben Resources ..................................................................
Aben Resources Ltd. is a publicly traded Canadian GOLD exploration company with significant projects in BRITISH COLUMBIA and the YUKON TERRITORY.
The Company's 100% owned flagship 23,000 hectares FORREST KERR GOLD PROJECT is located in the heart of a region called the GOLDEN TRIANGLE in northwestern British Columbia. This region has hosted significant mineral deposits including: Pretium (Brucejack), Eskay Creek, Snip, Galore Creek, Copper Canyon, Schaft Creek, KSM, Granduc, Red Chris and more.
The first drill hole of 2018 at the Forrest Kerr Project discovered multiple high-grade zones including 62.4 g/t Gold over 6.0 meters within 38.7 g/t Gold over 10.0 meters starting at 114 meters downhole at the North Boundary Zone.
Aben also holds a 100% interest in the 7,411 hectares JUSTIN GOLD PROJECT located in the southeast Yukon. The Justin property is located on the Tintina Gold Belt to the immediate southeast of Golden Predator's 3 Aces gold project. Previous drilling by Aben intercepted 60 meters of 1.19 g/t Gold including 21 meters of 2.47 g/t Gold in the POW Zone. The geochemical signature of the mineralized zone is characterized by elevated Au, Bi, Cu, Mo and W supporting an Intrusion Related Gold System (IRGS).
Recent exploration at the Justin Project discovered the Lost Ace Zone located within 2 km of the POW Zone and bears striking similarities to Golden Predators adjacent 3 Aces project. 2018 trenching at the Lost Ace Zone returned values ranging from trace to 20.8 g/t Gold over 4.4 meters including 88.2 g/t Gold over 1.0 meter. Lost Ace is interpreted to be orogenic-style quartz-gold veins pointing towards the existence of a multi-phase hydrothermal system with the potential for overprinting mineralizing with the POW Zone.
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Stock Information
===============
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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Level 2: Daily High, Low, Last Trade, Volume, Bid, Ask
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Vancouver Venture Exchange: ABN.V
http://www.stockwatch.com/Quote/Detail.aspx?s...p;region=C
U.S. OTCQB: ABNAF
https://www.otcmarkets.com/stock/ABNAF/quote
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Outstanding Shares
=================
Outstanding shares fully diluted as of March 12, 2021
Click for enlarged view
https://investorshangout.com/images/MYImages/...2,2021.gif
Financial filing and official company news release
https://sedar.com/DisplayCompanyDocuments.do?...o=00005652
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Company website and Corporate Presentation
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https://www.abenresources.com/
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News out of the Golden Triangle of British Columbia
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Newmont to Acquire GT Gold for C$456 million ($3.25 a share) on a fully diluted basis
https://www.gtgoldcorp.ca/_resources/news/nr_2021_03_10.pdf
https://stockcharts.com/h-sc/ui?s=GTT.V&p...1772760930
GT Gold's property is located next to Red Chris mine at the top right corner of the Golden Triangle
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Video presentation - Golden Triangle and Forrest Kerr mining property
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Introduction to The Golden Triangle of British Columbia
https://www.youtube.com/watch?v=rBY6t3FHu7I
Overview of Aben's Forrest Kerr property
https://www.youtube.com/watch?v=egG5OWpTq0s
Aben Resources - gold contents in drill cores
https://www.youtube.com/watch?v=rUuDeaYt5ew
Gold resources in Aben's neighbors
https://www.youtube.com/watch?v=eQpWgPJKln0
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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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Forrest Kerr is a pristine territory with many unexplored area, Aben will likely encounter Measured and Indicated Resources leading to Proven and Probable Reserves. Gold producers are eagerly looking for properties with Proven Reserves to replenish their dwindling mineral reserves, when bonanza gold deposits are discovered in Forrest Kerr the company will be sold for $$ a share.
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 3 experienced, subtle and strategic geologists affiliated with Aben Resources with the corresponding companies sold to other mining companies.
Click for enlarged view
https://investorshangout.com/images/MYImages/...essold.jpg
CEO James Pettit sold Bayfield Ventures to New Gold Inc.
https://m.marketscreener.com/quote/stock/BAYF...-19365314/
Geologists:
Ron Netolitzky
https://www.mininghalloffame.ca/ronald-k-netolitzky
Timothy Termuende sold Copper Canyon Resources to NovaGold Resources
https://www.northernminer.com/news/copper-can...000404723/
Cornell McDowell
Interview with Aben VP Exploration Cornell McDowell at Forrest Kerr, Golden Triangle, BC, Gold Project
https://www.facebook.com/abenresources/videos...392516340/
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Media commentary and interview with CEO James Pettit
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Youtube videos on Aben Resources
https://www.youtube.com/results?search_query=...p=CAISAhAB
Equity.Guru video: Aben Resources' (ABN.V) golden triangle opportunity explained by Fabiana Lara
https://www.youtube.com/watch?v=-Mj2R4jvb0A
2018 - Silver and Gold Summit - High grade gold and copper discovery in Forrest Kerr
https://cambridgehouse.com/video/8213/highgra...ources-ltd
2019 - Massive gold nuggets found in outcrop of Aben's Justin property in Yukon
https://www.youtube.com/watch?v=13goOuptl_w
2020 - CEO James Pettit's update on the company's exploration and drilling in Forrest Kerr
https://www.facebook.com/abenresources/videos...326774690/
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Media Coverage
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The Resource Maven on Aben Resources
http://www.321gold.com/editorials/preston/preston111418.html
https://miningfeeds.com/2018/11/07/aben-resou...le-winner/
https://investingnews.com/company-profiles/ab...-triangle/
http://energyandgold.com/2018/05/08/aben-reso...-triangle/
https://www.investorideas.com/news/2019/main/...ources.asp
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Aben Resources in the social media
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LinkedIn
https://ca.linkedin.com/company/aben-resources-tsx-v-abn-
Twitter
https://twitter.com/Aben_ABN/
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Insider Trading Information
======================
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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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 lines in their property where most of massive gold deposits are found. Aben has even longer fault lines which traverse the entire property of Forrest Kerr in the North-South direction. CEO James Pettit likes Forrest Kerr because of presence of the fault lines. The moderately long intervals of high grade gold in the North Boundary Zone is a sign of existence of bonanza gold deposits somewhere in Forrest Kerr. Being in between the Eskay Creek mine and Snip mine, the prospect of bonanza gold deposits in Forrest Kerr is very promising due to similar geology in the area. Constructive share price chart pattern stands out among its peers, reflecting investors' strong confidence in the company's bonanza gold discovery as some experienced investors are super keen in their clairvoyance, they believe bonanza gold deposits are there just as in the neighboring mines, it is only a matter of time the geologists will find them. North Boundary zone hosts high grade gold, the South Boundary zone hosts massive tonnage of average grade gold, but coming drilling programs could lead to a gold vein with massive long intervals of high grade gold too as the geology of the area is similar to that of Eskay Creek to the southeast.
A famous idiom states that Rome is not built in one day, it took early explorers in Eskay Creek 50 years to trace the sporadic high grade gold to its source - a massive gold vein. Backward mining technology and arduous exploration conditions in lack of basic infrastructure like roads and power line culminated hiatus in exploration leading to a lengthy period of discovery.
History of Eskay Creek mine, the world's massive high grade gold mine
In 1932 a prospector named Tom Mackay of Consolidated Stikine Resources was the first to recognize the area's unique geological setting after spotting an alluring rock outcrop from his single-engine bush plane. After staking the property he discovered a boulder broken free from its source higher up on the mountain, rolling several dozen meters downslope, assays from the boulder returned a spectacular five ounces of gold per tonne. Mackay explored the property for over 50 years but bonanza gold deposit was never found. In 1988 after investing in Consolidated Stikine Resources which held rights to Eskay Creek, geologist Ron Netolitzky became Stikine’s technical person and one of five controlling shareholders. He teamed up with Murray Pezim of Calpine Resources to raise $900,000 for a drill program and started exploring the area in the summer of 1990. After drilling 108 holes and with momentum building, they hit a fault. Chet Idziszek, Pezim’s geologist with a M.Sc. degree from McGill University observed gradually increasing gold grade and increasing interval length in the assays, he had an intuition that he must be very close to the main gold vein, he studied the maps and analysed the terrain then he ragged the drill rig to a spot 350 meters from the last hole drilled and drilled hole #109. Bingo, assays from hole 109 returned spectacular 27.2 g/t gold, 30.2 g/t silver over 208 meters (682 feet). In 1994 Eskay Creek went into production that lasted 14 years, finally ended in 2008. Eskay Creek had the highest grade gold on the planet and produced 3.3 million ounces of gold at a breathtaking 45 g/t Au, also 160 million ounces of silver at 2,224 g/t. Stikine Resources was acquired by Placer Dome and International Corona for $67 per share. Ron Netolitzky has had a very successful career in mining and mineral exploration with decades of experience and having been directly associated with three major mineral discoveries in Canada that have subsequently been put into production: Eskay Creek, Snip and Brewery Creek. Ron Netolitzky was inducted into the Canadian Mining Hall of Fame in 2014.
Several gold mines lining up in the Eskay Creek area because fault line occurs in a straight line underground and can run for hundreds or thousands of meters. Corroborated by James Pettit's encouraging intuition that the area west of the Nelson Creek Fault Zone and the area north of the North Boundary Zone are top priority drilling targets, possible locations of bonanza gold deposits in Forrest Kerr through extrapolation is as follow:
For enlarged view
https://investorshangout.com/images/MYImages/...posits.jpg
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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.jpg
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Outlook for gold price
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https://youtu.be/d0ZBpZV4EIs
https://www.youtube.com/watch?v=l8RauDwklyY
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Outlook for commodiities prices and inflation
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Continuous economic stimulus and weak US Dollar are needed amid weak economic growth. Strong bond prices reflects that interest rate will remain low. The US Dollar Index will likely decline to level 80 in the coming months followed by a side way consolidation. Gold and mining stocks will strive as the economy improves with rising inflation expectation.
Technically US Dollar Index has peaked out at 104, it is in a long term down trend towards level 80, commodities prices are rising as they are inversely related to the strength of U.S. Dollar
https://bigcharts.marketwatch.com/advchart/fr...60&y=5
Organization for Economic Co-operation and Development - Inflation forecast 2021 - 2022
https://data.oecd.org/price/inflation-forecast.htm
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
Scotiabank’s Marc Desormeaux looks at 2021 and the continuing impact of Covid-19 on metals markets
https://www.northernminer.com/commodities-mar...003825843/
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M1 money supply (in millions)
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US (currently at 18.4 trillion US Dollar)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
https://tradingeconomics.com/united-states/money-supply-m1
CANADA (currently at 1.4 trillion Canadian Dollar)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
CHINA (currently at 62 trillion Yuan)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
Germany (currently at 2.6 trillion Euro)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
France (currently at 1.7 trillion Euro)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
UK (currently at 2.1 trillion Pound Sterling - GBP)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
BRAZIL (currently at 580 billion Brazilian Real - BRL)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
Russia (currently at 31 trillion Russian Ruble - RUB)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
INDIA (currently at 43 trillion Indian Rupee - INR)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
South Africa (currently at 2.1 trillion South Africa Rand - ZAR)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
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Commodities prices are surging and global inflation rate will soon rise. It will take a few months for inflationary pressure to propagate across the global economies from deliveries of commodities through manufacturing of products and through distribution of products to the consumer level then manifesting in consumer price index and inflation figure. The long term commodities price charts reveal a going-up-stair pattern: About every 30 years prices surged up one step, culminated by 30 years' accumulated inflation which is driven by increasing money supply amid increasing population. Global debts are mounting, eventually at the apocalyptic stage the world governments will have to chose the last resort of inflating themselves out of debt by increasing money supply exponentially, thus triggering a global runaway inflation, those not prepared for the inevitable will be forced into poverty amid constant erosion of purchasing power of paper money. Commodities prices will respond to global currency dilution, so expect sustainable high commodities prices in the years ahead.
Lumber price
https://mrci.com/pdf/lb.pdf
Soybean
https://mrci.com/pdf/s.pdf
Soybean meal
https://www.mrci.com/pdf/sm.pdf
Corn
https://www.mrci.com/pdf/c.pdf
Canola
https://www.mrci.com/pdf/rs.pdf
Sugar
https://mrci.com/pdf/sb.pdf
Wheat
https://mrci.com/pdf/w.pdf
Crude oil
https://mrci.com/pdf/cl.pdf
Palladium
https://www.mrci.com/pdf/pa.pdf
https://www.bbc.com/news/business-51171391#:~...ime%20soon
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Price chart for Gold, Silver, Copper, XAU Mining Index
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Gold Price
https://stockcharts.com/h-sc/ui?s=%24GOLD&...9325303251
https://mrci.com/pdf/gc.pdf
Silver Price
https://stockcharts.com/h-sc/ui?s=%24SILVER&a...5832796445
https://mrci.com/pdf/si.pdf
Copper Price
https://stockcharts.com/h-sc/ui?s=%24COPPER&a...7009666446
https://www.mrci.com/pdf/hg.pdf
XAU Mining Index
https://stockcharts.com/h-sc/ui?s=%24XAU&...0985509425
XAU mining stock Index monthly chart (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)
https://bigcharts.marketwatch.com/advchart/fr...62&y=4
Global mining stock Index
https://stockcharts.com/h-sc/ui?s=%24SPTGM&am...5126536165
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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 now owns 100% of Forrest Kerr property.
Mining explorers operating in the prolific Golden Triangle of British Columbia
1 HAWK.V Hawkeye Gold and Diamond $0.025 https://stockcharts.com/h-sc/ui?s=HAWK.V&...7176714740
2 RG.V Romios Gold Resources $0.050 https://stockcharts.com/h-sc/ui?s=RG.V&p=...3258189645
3 DEC.V Decade Resources $0.060 https://stockcharts.com/h-sc/ui?s=DEC.V&p...1633995508
4 ABN.V Aben Resources $0.080 https://stockcharts.com/h-sc/ui?s=ABN.V&p...7496113214
5 MRO.V Millrock Resources $0.090 https://stockcharts.com/h-sc/ui?s=MRO.V&p...6836544963
6 SKYG.V Sky Gold Corp $0.130 https://stockcharts.com/h-sc/ui?s=SKYG.V&...4081325604
7 REL.V Roughrider Exploration $0.150 https://stockcharts.com/h-sc/ui?s=REL.V&p...4842327726
8 CAY.V Cache Exploration $0.160 https://stockcharts.com/h-sc/ui?s=CAY.V&p...0544640272
9 ENDR.V Enduro Metals Corporation $0.190 https://stockcharts.com/h-sc/ui?s=ENDR.V&...0889726269
10 SCOT.V Scottie Resources $0.190 https://stockcharts.com/h-sc/ui?s=SCOT.V&...5282581933
11 MTB.V Mountain Boy Minerals $0.200 https://stockcharts.com/h-sc/ui?s=MTB.V&p...5090334703
12 BBB.V Brixton Metals Corporation $0.230 https://stockcharts.com/h-sc/ui?s=BBB.V&p...4146375562
13 CMX.V Chilean Metals $0.250 https://stockcharts.com/h-sc/ui?s=CMX.V&p...3814819865
14 AMK.V American Creek Resources $0.280 https://stockcharts.com/h-sc/ui?s=AMK.V&p...4902895968
15 EVER.V Evergold Corp $0.300 https://stockcharts.com/h-sc/ui?s=EVER.V&...9306455150
16 GGI.V Garibaldi Resources Corp $0.430 https://stockcharts.com/h-sc/ui?s=GGI.V&p...6339012581
17 SASY.CA Sassy Resources $0.440 https://stockcharts.com/h-sc/ui?s=SASY.CA&...7712944421
18 MTS.V Metallis Resources $0.470 https://stockcharts.com/h-sc/ui?s=MTS.V&p...3708570676
19 DV.V Dolly Varden Silver Corp $0.690 https://stockcharts.com/h-sc/ui?s=DV.V&p=...0211663558
20 AOT.TO Ascot Resources $0.870 https://stockcharts.com/h-sc/ui?s=AOT.TO&...1773813526
21 QEX.V QuestEx Gold & Copper $0.890 https://stockcharts.com/h-sc/ui?s=QEX.V&p...7398162842
22 BNCH.V Benchmark Metals $1.360 https://stockcharts.com/h-sc/ui?s=BNCH.V&...8185217032
23 ESK.V Eskay Mining Corp $2.230 https://stockcharts.com/h-sc/ui?s=ESK.V&p...2221768177
24 TUO.V Teuton Resources Corp $2.820 https://stockcharts.com/h-sc/ui?s=TUO.V&p...1926720407
25 TUD.V Tudor Gold Corp $3.140 https://stockcharts.com/h-sc/ui?s=TUD.V&p...7186783346
26 SKE.TO Skeena Resources $3.370 https://stockcharts.com/h-sc/ui?s=SKE.TO&...2377942100
27 III.TO Imperial Metals Corp $4.580 https://stockcharts.com/h-sc/ui?s=III.TO&...2125642263
28 PVG.TO Pretium Resources $13.770 https://stockcharts.com/h-sc/ui?s=PVG.TO&...0112557228
29 ELD.TO Eldorado Gold Corp $14.230 https://stockcharts.com/h-sc/ui?s=ELD.TO&...0529029750
30 SEA.TO Seabridge Gold $21.340 https://stockcharts.com/h-sc/ui?s=SEA.TO&...9592454206
Due to lack of basic infrastructure like power line and accessible roads, exploration and discoveries have been arduous in the Golden Triangle in the past decades, it took Seabridge Gold 41 years to achieve its current mineral reserves and resources since its formation in 1979. https://www.seabridgegold.com/company/overview
Thanks to Brian Kynoch, P.Eng. and President of Imperial Metals, his desire to construct a copper mine at Red Chris prompted the government to construct highway and roads and install power line 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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Share price weekly charts
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Canadian Venture Exchange: ABN.V (in Canadian Dollar)
https://stockcharts.com/h-sc/ui?s=ABN.V&p...3381419340
America OTCQB:ABNAF (in US Dollar)
https://stockcharts.com/h-sc/ui?s=ABNAF&p...5868384830
Germany Frankfurt Exchange: E2L2 (in € Euro)
https://bigcharts.marketwatch.com/advchart/fr...p;state=10
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Chart Technicality
===============
Chart is not only a historical record, quite often it can predict the future, it is an important trading tool, no investor can be successful without referring to charts. Trading without charts is like an airplane pilot flying without any navigation instrument but only by hunch and guessing, chances are he will end up in crash-and-burn. Head-And-Shoulder is a natural chart formation in Nature, it is the most liable and predictable chart pattern among all chart formations.
Bullish Head-And-Shoulder pattern - fail break pattern
Bullish Head-And-Shoulder pattern in copper
Bullish Head-And-Shoulder pattern in XAU mining index
ABN.V future scenario
Click for enlarged view
https://investorshangout.com/images/MYImages/...M-SOLD.gif
Counter down
Click for enlarged view
https://investorshangout.com/images/MYImages/...04_ABN.jpg
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Testament for the Golden Triangle potential
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In the year 2000 I scanned long term weekly charts of some 1,000 mining stock charts in my search for mining companies with promising future as I believe in charts. One chart with a bullish Head-And_Shoulder pattern immediately caught my special interest, upon doing research I found out that mining company had 6 billion pound of commercially viable copper resources in its Red Chris project in the Golden Triangle of British Columbia, so I bought 200,000 shares of American Bullion Minerals at 5 cents for long term investment. In the year 2011 the company was bought out by Imperial Metals at $2 a share, the sale offered me an early retirement. Recently I again scanned some 1,000 mining stock charts and again one chart stood out among others like a star shining brightly among dark matters of the Universe and has the potential of exploding into a supernova. I have strong confidence that lightning will strike twice for me. It is truism that one picture is worth a thousand words.
Red Chris Mine (at the top right corner of the Golden Triangle)
https://investorshangout.com/images/MYImages/...ABNmap.jpg
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Aben Resources - Potential gold resources
==================================
The significance of long intervals of consistent low grade gold
https://investorshangout.com/images/MYImages/...degold.jpg
Aben Resources's assays and gold resources potential
Click for enlarged view
https://investorshangout.com/images/MYImages/...ential.png
Aben Resources Ltd. is a publicly traded Canadian GOLD exploration company with significant projects in BRITISH COLUMBIA and the YUKON TERRITORY.
The Company's 100% owned flagship 23,000 hectares FORREST KERR GOLD PROJECT is located in the heart of a region called the GOLDEN TRIANGLE in northwestern British Columbia. This region has hosted significant mineral deposits including: Pretium (Brucejack), Eskay Creek, Snip, Galore Creek, Copper Canyon, Schaft Creek, KSM, Granduc, Red Chris and more.
The first drill hole of 2018 at the Forrest Kerr Project discovered multiple high-grade zones including 62.4 g/t Gold over 6.0 meters within 38.7 g/t Gold over 10.0 meters starting at 114 meters downhole at the North Boundary Zone.
Aben also holds a 100% interest in the 7,411 hectares JUSTIN GOLD PROJECT located in the southeast Yukon. The Justin property is located on the Tintina Gold Belt to the immediate southeast of Golden Predator's 3 Aces gold project. Previous drilling by Aben intercepted 60 meters of 1.19 g/t Gold including 21 meters of 2.47 g/t Gold in the POW Zone. The geochemical signature of the mineralized zone is characterized by elevated Au, Bi, Cu, Mo and W supporting an Intrusion Related Gold System (IRGS).
Recent exploration at the Justin Project discovered the Lost Ace Zone located within 2 km of the POW Zone and bears striking similarities to Golden Predators adjacent 3 Aces project. 2018 trenching at the Lost Ace Zone returned values ranging from trace to 20.8 g/t Gold over 4.4 meters including 88.2 g/t Gold over 1.0 meter. Lost Ace is interpreted to be orogenic-style quartz-gold veins pointing towards the existence of a multi-phase hydrothermal system with the potential for overprinting mineralizing with the POW Zone.
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Stock Information
===============
Share Outstanding: 128 million
Ticker Symbols:
TSX Venture, Canada: ABN.V
United States of America: OTCQB Market: ABNAF
Frankfurt Exchange, Germany: E2L2
============================================
Level 2: Daily High, Low, Last Trade, Volume, Bid, Ask
============================================
Vancouver Venture Exchange: ABN.V
http://www.stockwatch.com/Quote/Detail.aspx?s...p;region=C
U.S. OTCQB: ABNAF
https://www.otcmarkets.com/stock/ABNAF/quote
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Outstanding Shares
=================
Outstanding shares fully diluted as of March 12, 2021
Click for enlarged view
https://investorshangout.com/images/MYImages/...2,2021.gif
Financial filing and official company news release
https://sedar.com/DisplayCompanyDocuments.do?...o=00005652
====================================
Company website and Corporate Presentation
====================================
https://www.abenresources.com/
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News out of the Golden Triangle of British Columbia
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Newmont to Acquire GT Gold for C$456 million ($3.25 a share) on a fully diluted basis
https://www.gtgoldcorp.ca/_resources/news/nr_2021_03_10.pdf
https://stockcharts.com/h-sc/ui?s=GTT.V&p...1772760930
GT Gold's property is located next to Red Chris mine at the top right corner of the Golden Triangle
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Video presentation - Golden Triangle and Forrest Kerr mining property
========================================================
Introduction to The Golden Triangle of British Columbia
https://www.youtube.com/watch?v=rBY6t3FHu7I
Overview of Aben's Forrest Kerr property
https://www.youtube.com/watch?v=egG5OWpTq0s
Aben Resources - gold contents in drill cores
https://www.youtube.com/watch?v=rUuDeaYt5ew
Gold resources in Aben's neighbors
https://www.youtube.com/watch?v=eQpWgPJKln0
=========================
Mining properties Information
=========================
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
=====================================
Forrest Kerr is a pristine territory with many unexplored area, Aben will likely encounter Measured and Indicated Resources leading to Proven and Probable Reserves. Gold producers are eagerly looking for properties with Proven Reserves to replenish their dwindling mineral reserves, when bonanza gold deposits are discovered in Forrest Kerr the company will be sold for $$ a share.
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 3 experienced, subtle and strategic geologists affiliated with Aben Resources with the corresponding companies sold to other mining companies.
Click for enlarged view
https://investorshangout.com/images/MYImages/...essold.jpg
CEO James Pettit sold Bayfield Ventures to New Gold Inc.
https://m.marketscreener.com/quote/stock/BAYF...-19365314/
Geologists:
Ron Netolitzky
https://www.mininghalloffame.ca/ronald-k-netolitzky
Timothy Termuende sold Copper Canyon Resources to NovaGold Resources
https://www.northernminer.com/news/copper-can...000404723/
Cornell McDowell
Interview with Aben VP Exploration Cornell McDowell at Forrest Kerr, Golden Triangle, BC, Gold Project
https://www.facebook.com/abenresources/videos...392516340/
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Media commentary and interview with CEO James Pettit
=============================================
Youtube videos on Aben Resources
https://www.youtube.com/results?search_query=...p=CAISAhAB
Equity.Guru video: Aben Resources' (ABN.V) golden triangle opportunity explained by Fabiana Lara
https://www.youtube.com/watch?v=-Mj2R4jvb0A
2018 - Silver and Gold Summit - High grade gold and copper discovery in Forrest Kerr
https://cambridgehouse.com/video/8213/highgra...ources-ltd
2019 - Massive gold nuggets found in outcrop of Aben's Justin property in Yukon
https://www.youtube.com/watch?v=13goOuptl_w
2020 - CEO James Pettit's update on the company's exploration and drilling in Forrest Kerr
https://www.facebook.com/abenresources/videos...326774690/
=============
Media Coverage
=============
The Resource Maven on Aben Resources
http://www.321gold.com/editorials/preston/preston111418.html
https://miningfeeds.com/2018/11/07/aben-resou...le-winner/
https://investingnews.com/company-profiles/ab...-triangle/
http://energyandgold.com/2018/05/08/aben-reso...-triangle/
https://www.investorideas.com/news/2019/main/...ources.asp
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Aben Resources in the social media
=============================
https://ca.linkedin.com/company/aben-resources-tsx-v-abn-
https://twitter.com/Aben_ABN/
======================
Insider Trading Information
======================
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
==================================================================
Aben Resources - The potential of bonanza precious metal and base metal discovery
==================================================================
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 lines in their property where most of massive gold deposits are found. Aben has even longer fault lines which traverse the entire property of Forrest Kerr in the North-South direction. CEO James Pettit likes Forrest Kerr because of presence of the fault lines. The moderately long intervals of high grade gold in the North Boundary Zone is a sign of existence of bonanza gold deposits somewhere in Forrest Kerr. Being in between the Eskay Creek mine and Snip mine, the prospect of bonanza gold deposits in Forrest Kerr is very promising due to similar geology in the area. Constructive share price chart pattern stands out among its peers, reflecting investors' strong confidence in the company's bonanza gold discovery as some experienced investors are super keen in their clairvoyance, they believe bonanza gold deposits are there just as in the neighboring mines, it is only a matter of time the geologists will find them. North Boundary zone hosts high grade gold, the South Boundary zone hosts massive tonnage of average grade gold, but coming drilling programs could lead to a gold vein with massive long intervals of high grade gold too as the geology of the area is similar to that of Eskay Creek to the southeast.
A famous idiom states that Rome is not built in one day, it took early explorers in Eskay Creek 50 years to trace the sporadic high grade gold to its source - a massive gold vein. Backward mining technology and arduous exploration conditions in lack of basic infrastructure like roads and power line culminated hiatus in exploration leading to a lengthy period of discovery.
History of Eskay Creek mine, the world's massive high grade gold mine
In 1932 a prospector named Tom Mackay of Consolidated Stikine Resources was the first to recognize the area's unique geological setting after spotting an alluring rock outcrop from his single-engine bush plane. After staking the property he discovered a boulder broken free from its source higher up on the mountain, rolling several dozen meters downslope, assays from the boulder returned a spectacular five ounces of gold per tonne. Mackay explored the property for over 50 years but bonanza gold deposit was never found. In 1988 after investing in Consolidated Stikine Resources which held rights to Eskay Creek, geologist Ron Netolitzky became Stikine’s technical person and one of five controlling shareholders. He teamed up with Murray Pezim of Calpine Resources to raise $900,000 for a drill program and started exploring the area in the summer of 1990. After drilling 108 holes and with momentum building, they hit a fault. Chet Idziszek, Pezim’s geologist with a M.Sc. degree from McGill University observed gradually increasing gold grade and increasing interval length in the assays, he had an intuition that he must be very close to the main gold vein, he studied the maps and analysed the terrain then he ragged the drill rig to a spot 350 meters from the last hole drilled and drilled hole #109. Bingo, assays from hole 109 returned spectacular 27.2 g/t gold, 30.2 g/t silver over 208 meters (682 feet). In 1994 Eskay Creek went into production that lasted 14 years, finally ended in 2008. Eskay Creek had the highest grade gold on the planet and produced 3.3 million ounces of gold at a breathtaking 45 g/t Au, also 160 million ounces of silver at 2,224 g/t. Stikine Resources was acquired by Placer Dome and International Corona for $67 per share. Ron Netolitzky has had a very successful career in mining and mineral exploration with decades of experience and having been directly associated with three major mineral discoveries in Canada that have subsequently been put into production: Eskay Creek, Snip and Brewery Creek. Ron Netolitzky was inducted into the Canadian Mining Hall of Fame in 2014.
Several gold mines lining up in the Eskay Creek area because fault line occurs in a straight line underground and can run for hundreds or thousands of meters. Corroborated by James Pettit's encouraging intuition that the area west of the Nelson Creek Fault Zone and the area north of the North Boundary Zone are top priority drilling targets, possible locations of bonanza gold deposits in Forrest Kerr through extrapolation is as follow:
For enlarged view
https://investorshangout.com/images/MYImages/...posits.jpg
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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.jpg
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Outlook for gold price
==================
https://youtu.be/d0ZBpZV4EIs
https://www.youtube.com/watch?v=l8RauDwklyY
====================================
Outlook for commodiities prices and inflation
====================================
Continuous economic stimulus and weak US Dollar are needed amid weak economic growth. Strong bond prices reflects that interest rate will remain low. The US Dollar Index will likely decline to level 80 in the coming months followed by a side way consolidation. Gold and mining stocks will strive as the economy improves with rising inflation expectation.
Technically US Dollar Index has peaked out at 104, it is in a long term down trend towards level 80, commodities prices are rising as they are inversely related to the strength of U.S. Dollar
https://bigcharts.marketwatch.com/advchart/fr...60&y=5
Organization for Economic Co-operation and Development - Inflation forecast 2021 - 2022
https://data.oecd.org/price/inflation-forecast.htm
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
Scotiabank’s Marc Desormeaux looks at 2021 and the continuing impact of Covid-19 on metals markets
https://www.northernminer.com/commodities-mar...003825843/
========================
M1 money supply (in millions)
========================
US (currently at 18.4 trillion US Dollar)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
https://tradingeconomics.com/united-states/money-supply-m1
CANADA (currently at 1.4 trillion Canadian Dollar)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
CHINA (currently at 62 trillion Yuan)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
Germany (currently at 2.6 trillion Euro)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
France (currently at 1.7 trillion Euro)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
UK (currently at 2.1 trillion Pound Sterling - GBP)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
BRAZIL (currently at 580 billion Brazilian Real - BRL)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
Russia (currently at 31 trillion Russian Ruble - RUB)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
INDIA (currently at 43 trillion Indian Rupee - INR)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
South Africa (currently at 2.1 trillion South Africa Rand - ZAR)
https://d3fy651gv2fhd3.cloudfront.net/charts/...1=19210323
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Commodities prices are surging and global inflation rate will soon rise. It will take a few months for inflationary pressure to propagate across the global economies from deliveries of commodities through manufacturing of products and through distribution of products to the consumer level then manifesting in consumer price index and inflation figure. The long term commodities price charts reveal a going-up-stair pattern: About every 30 years prices surged up one step, culminated by 30 years' accumulated inflation which is driven by increasing money supply amid increasing population. Global debts are mounting, eventually at the apocalyptic stage the world governments will have to chose the last resort of inflating themselves out of debt by increasing money supply exponentially, thus triggering a global runaway inflation, those not prepared for the inevitable will be forced into poverty amid constant erosion of purchasing power of paper money. Commodities prices will respond to global currency dilution, so expect sustainable high commodities prices in the years ahead.
Lumber price
https://mrci.com/pdf/lb.pdf
Soybean
https://mrci.com/pdf/s.pdf
Soybean meal
https://www.mrci.com/pdf/sm.pdf
Corn
https://www.mrci.com/pdf/c.pdf
Canola
https://www.mrci.com/pdf/rs.pdf
Sugar
https://mrci.com/pdf/sb.pdf
Wheat
https://mrci.com/pdf/w.pdf
Crude oil
https://mrci.com/pdf/cl.pdf
Palladium
https://www.mrci.com/pdf/pa.pdf
https://www.bbc.com/news/business-51171391#:~...ime%20soon
============================================
Price chart for Gold, Silver, Copper, XAU Mining Index
============================================
Gold Price
https://stockcharts.com/h-sc/ui?s=%24GOLD&...9325303251
https://mrci.com/pdf/gc.pdf
Silver Price
https://stockcharts.com/h-sc/ui?s=%24SILVER&a...5832796445
https://mrci.com/pdf/si.pdf
Copper Price
https://stockcharts.com/h-sc/ui?s=%24COPPER&a...7009666446
https://www.mrci.com/pdf/hg.pdf
XAU Mining Index
https://stockcharts.com/h-sc/ui?s=%24XAU&...0985509425
XAU mining stock Index monthly chart (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)
https://bigcharts.marketwatch.com/advchart/fr...62&y=4
Global mining stock Index
https://stockcharts.com/h-sc/ui?s=%24SPTGM&am...5126536165
==========================================================
Mining companies operating in the Golden Triangle of British Columbia
==========================================================
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 now owns 100% of Forrest Kerr property.
Mining explorers operating in the prolific Golden Triangle of British Columbia
1 HAWK.V Hawkeye Gold and Diamond $0.025 https://stockcharts.com/h-sc/ui?s=HAWK.V&...7176714740
2 RG.V Romios Gold Resources $0.050 https://stockcharts.com/h-sc/ui?s=RG.V&p=...3258189645
3 DEC.V Decade Resources $0.060 https://stockcharts.com/h-sc/ui?s=DEC.V&p...1633995508
4 ABN.V Aben Resources $0.080 https://stockcharts.com/h-sc/ui?s=ABN.V&p...7496113214
5 MRO.V Millrock Resources $0.090 https://stockcharts.com/h-sc/ui?s=MRO.V&p...6836544963
6 SKYG.V Sky Gold Corp $0.130 https://stockcharts.com/h-sc/ui?s=SKYG.V&...4081325604
7 REL.V Roughrider Exploration $0.150 https://stockcharts.com/h-sc/ui?s=REL.V&p...4842327726
8 CAY.V Cache Exploration $0.160 https://stockcharts.com/h-sc/ui?s=CAY.V&p...0544640272
9 ENDR.V Enduro Metals Corporation $0.190 https://stockcharts.com/h-sc/ui?s=ENDR.V&...0889726269
10 SCOT.V Scottie Resources $0.190 https://stockcharts.com/h-sc/ui?s=SCOT.V&...5282581933
11 MTB.V Mountain Boy Minerals $0.200 https://stockcharts.com/h-sc/ui?s=MTB.V&p...5090334703
12 BBB.V Brixton Metals Corporation $0.230 https://stockcharts.com/h-sc/ui?s=BBB.V&p...4146375562
13 CMX.V Chilean Metals $0.250 https://stockcharts.com/h-sc/ui?s=CMX.V&p...3814819865
14 AMK.V American Creek Resources $0.280 https://stockcharts.com/h-sc/ui?s=AMK.V&p...4902895968
15 EVER.V Evergold Corp $0.300 https://stockcharts.com/h-sc/ui?s=EVER.V&...9306455150
16 GGI.V Garibaldi Resources Corp $0.430 https://stockcharts.com/h-sc/ui?s=GGI.V&p...6339012581
17 SASY.CA Sassy Resources $0.440 https://stockcharts.com/h-sc/ui?s=SASY.CA&...7712944421
18 MTS.V Metallis Resources $0.470 https://stockcharts.com/h-sc/ui?s=MTS.V&p...3708570676
19 DV.V Dolly Varden Silver Corp $0.690 https://stockcharts.com/h-sc/ui?s=DV.V&p=...0211663558
20 AOT.TO Ascot Resources $0.870 https://stockcharts.com/h-sc/ui?s=AOT.TO&...1773813526
21 QEX.V QuestEx Gold & Copper $0.890 https://stockcharts.com/h-sc/ui?s=QEX.V&p...7398162842
22 BNCH.V Benchmark Metals $1.360 https://stockcharts.com/h-sc/ui?s=BNCH.V&...8185217032
23 ESK.V Eskay Mining Corp $2.230 https://stockcharts.com/h-sc/ui?s=ESK.V&p...2221768177
24 TUO.V Teuton Resources Corp $2.820 https://stockcharts.com/h-sc/ui?s=TUO.V&p...1926720407
25 TUD.V Tudor Gold Corp $3.140 https://stockcharts.com/h-sc/ui?s=TUD.V&p...7186783346
26 SKE.TO Skeena Resources $3.370 https://stockcharts.com/h-sc/ui?s=SKE.TO&...2377942100
27 III.TO Imperial Metals Corp $4.580 https://stockcharts.com/h-sc/ui?s=III.TO&...2125642263
28 PVG.TO Pretium Resources $13.770 https://stockcharts.com/h-sc/ui?s=PVG.TO&...0112557228
29 ELD.TO Eldorado Gold Corp $14.230 https://stockcharts.com/h-sc/ui?s=ELD.TO&...0529029750
30 SEA.TO Seabridge Gold $21.340 https://stockcharts.com/h-sc/ui?s=SEA.TO&...9592454206
Due to lack of basic infrastructure like power line and accessible roads, exploration and discoveries have been arduous in the Golden Triangle in the past decades, it took Seabridge Gold 41 years to achieve its current mineral reserves and resources since its formation in 1979. https://www.seabridgegold.com/company/overview
Thanks to Brian Kynoch, P.Eng. and President of Imperial Metals, his desire to construct a copper mine at Red Chris prompted the government to construct highway and roads and install power line 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.
=====================
Share price weekly charts
=====================
Canadian Venture Exchange: ABN.V (in Canadian Dollar)
https://stockcharts.com/h-sc/ui?s=ABN.V&p...3381419340
America OTCQB:ABNAF (in US Dollar)
https://stockcharts.com/h-sc/ui?s=ABNAF&p...5868384830
Germany Frankfurt Exchange: E2L2 (in € Euro)
https://bigcharts.marketwatch.com/advchart/fr...p;state=10
===============
Chart Technicality
===============
Chart is not only a historical record, quite often it can predict the future, it is an important trading tool, no investor can be successful without referring to charts. Trading without charts is like an airplane pilot flying without any navigation instrument but only by hunch and guessing, chances are he will end up in crash-and-burn. Head-And-Shoulder is a natural chart formation in Nature, it is the most liable and predictable chart pattern among all chart formations.
Bullish Head-And-Shoulder pattern - fail break pattern
Bullish Head-And-Shoulder pattern in copper
Bullish Head-And-Shoulder pattern in XAU mining index
ABN.V future scenario
Click for enlarged view
https://investorshangout.com/images/MYImages/...M-SOLD.gif
Counter down
Click for enlarged view
https://investorshangout.com/images/MYImages/...04_ABN.jpg
===================================
Testament for the Golden Triangle potential
===================================
In the year 2000 I scanned long term weekly charts of some 1,000 mining stock charts in my search for mining companies with promising future as I believe in charts. One chart with a bullish Head-And_Shoulder pattern immediately caught my special interest, upon doing research I found out that mining company had 6 billion pound of commercially viable copper resources in its Red Chris project in the Golden Triangle of British Columbia, so I bought 200,000 shares of American Bullion Minerals at 5 cents for long term investment. In the year 2011 the company was bought out by Imperial Metals at $2 a share, the sale offered me an early retirement. Recently I again scanned some 1,000 mining stock charts and again one chart stood out among others like a star shining brightly among dark matters of the Universe and has the potential of exploding into a supernova. I have strong confidence that lightning will strike twice for me. It is truism that one picture is worth a thousand words.
Red Chris Mine (at the top right corner of the Golden Triangle)
https://investorshangout.com/images/MYImages/...ABNmap.jpg
==================================
Aben Resources - Potential gold resources
==================================
The significance of long intervals of consistent low grade gold
https://investorshangout.com/images/MYImages/...degold.jpg
Aben Resources's assays and gold resources potential
Click for enlarged view
https://investorshangout.com/images/MYImages/...ential.png
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