Justin project may be for sale ...................
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Posted On: 12/29/2021 9:56:05 AM
Justin project may be for sale ...........................
Justin Project, Yukon
Aben owns 100% interest in the 7,411 hectares or 74 square Km Justin project in the southeast Yukon, it is a huge area equivalent to 8.61 Km x 8.61 Km. 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).
In the July 12, 2021 Ellis Martin interview CEO James Pettit conferred that he may sell the Justin gold project to the neighbors and use the money to drill the prolific North Boundary zone in Forrest Kerr.
https://www.youtube.com/watch?v=qmdY2w6blFQ
So far the company has spent nearly $9 million on the Justin project, the company should sell it at a price equivalent to the expenses incurred, including the initial acquisition cost. If it is too much for one explorer, James Pettit can split up the huge land mass into portions and sell them to multiple explorers. The sale is a good strategy as the company will has some $9 million to drill the prolific North Boundary zone in Forrest Kerr without the need for further financing and without further share dilution, thus enhancing higher shareholders value when the company will be sold to a major gold producer in the future.
The money will be used to drill the flagship Forrest Kerr gold project for discovery of bonanza gold deposits and to delineate gold resources. From 2017 to 2020 James Pettit drilled many priority targets all over Forrest Kerr to locate the most promising area and found North Boundary zone is the place to be. But the company has drilled only 7 holes in the prolific North Boundary zone in 2018, that is not enough to outline the distribution of gold deposits and tonnage, the company plans to drill the North Boundary zone in 2022, including DEEP HOLE drilling. With more hole drilling in 2022 the distribution of gold mineralization, tonnage and gold contents in the North Boundary zone will be accurately delineated through 3D imaging. If the geologists will also trace the high grade / visible gold to its source: A gold vein, Forrest Kerr will be the next Eskay Creek mine.
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.
High grade / visible gold occurrence in the North Boundary zone of Forrest Kerr is no coincident, when there is smoke, there is fire, they have a source, it is a promising sign that bonanza gold deposits may exist somewhere in Forrest Kerr, it is up to the geologists to trace them to the source: A gold vein with numerous gold arteries that can run for hundreds of meters, Aben and Noranda had hit one or two gold arteries with 331 grams/tonne and 326 grams/tonne respectively.
Gold vein and gold arteries
https://investorshangout.com/images/MYImages/...stKerr.jpg
Every hole of the 7 holes drilled in the North Boundary zone encountered high grade gold, very likely the area will has a gold mine for which the company will be sold.
Assay in North Boundary zone:
Aug 9, 2018 news release
https://sedar.com/GetFile.do?lang=EN&docC...Id=4366630
Sept 25, 2018 news release
https://sedar.com/GetFile.do?lang=EN&docC...Id=4392231
https://investorshangout.com/images/MYImages/...s-Copy.jpg
Justin Project, Yukon
Aben owns 100% interest in the 7,411 hectares or 74 square Km Justin project in the southeast Yukon, it is a huge area equivalent to 8.61 Km x 8.61 Km. 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).
In the July 12, 2021 Ellis Martin interview CEO James Pettit conferred that he may sell the Justin gold project to the neighbors and use the money to drill the prolific North Boundary zone in Forrest Kerr.
https://www.youtube.com/watch?v=qmdY2w6blFQ
So far the company has spent nearly $9 million on the Justin project, the company should sell it at a price equivalent to the expenses incurred, including the initial acquisition cost. If it is too much for one explorer, James Pettit can split up the huge land mass into portions and sell them to multiple explorers. The sale is a good strategy as the company will has some $9 million to drill the prolific North Boundary zone in Forrest Kerr without the need for further financing and without further share dilution, thus enhancing higher shareholders value when the company will be sold to a major gold producer in the future.
The money will be used to drill the flagship Forrest Kerr gold project for discovery of bonanza gold deposits and to delineate gold resources. From 2017 to 2020 James Pettit drilled many priority targets all over Forrest Kerr to locate the most promising area and found North Boundary zone is the place to be. But the company has drilled only 7 holes in the prolific North Boundary zone in 2018, that is not enough to outline the distribution of gold deposits and tonnage, the company plans to drill the North Boundary zone in 2022, including DEEP HOLE drilling. With more hole drilling in 2022 the distribution of gold mineralization, tonnage and gold contents in the North Boundary zone will be accurately delineated through 3D imaging. If the geologists will also trace the high grade / visible gold to its source: A gold vein, Forrest Kerr will be the next Eskay Creek mine.
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.
High grade / visible gold occurrence in the North Boundary zone of Forrest Kerr is no coincident, when there is smoke, there is fire, they have a source, it is a promising sign that bonanza gold deposits may exist somewhere in Forrest Kerr, it is up to the geologists to trace them to the source: A gold vein with numerous gold arteries that can run for hundreds of meters, Aben and Noranda had hit one or two gold arteries with 331 grams/tonne and 326 grams/tonne respectively.
Gold vein and gold arteries
https://investorshangout.com/images/MYImages/...stKerr.jpg
Every hole of the 7 holes drilled in the North Boundary zone encountered high grade gold, very likely the area will has a gold mine for which the company will be sold.
Assay in North Boundary zone:
Aug 9, 2018 news release
https://sedar.com/GetFile.do?lang=EN&docC...Id=4366630
Sept 25, 2018 news release
https://sedar.com/GetFile.do?lang=EN&docC...Id=4392231
https://investorshangout.com/images/MYImages/...s-Copy.jpg
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