Introduction to Aben Resources ..................
Post# of 1088
Aben Resources Ltd. is a publicly traded Canadian GOLD exploration company with significant projects in British Columbia, Yukon and Ontario.
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).
In July, 2021 Aben acquired the Pringle North property in Red Lake, Ontario and completed the Magnetic Survey for mineralization study. The Red Lake Mining District enables a year-round mining activities due to its mild winter temperature. The region has produced over 22 million ounces of gold through 2004, worth over $US 35 billion at 2014 prices. The two principal mines, Campbell and Red Lake, both have historic ore grades averaging about 0.57 oz/ton (22 g/tonne) gold.
In November, 2021 Aben executed a formal option agreement with Eagle Plains Resources Ltd. for exclusive right to earn a 100% interest in the Slocan Graphite Project located 34km northwest of Castlegar, British Columbia. The Slocan Graphite project consists of 2,387 hactre (23.87 square kilometer) hosting several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone, which is interpreted to extend over 2.0 km.
Aben Resources website
https://www.abenresources.com/
Financial filings and official news release
https://sedar.com/DisplayCompanyDocuments.do?...o=00005652
Insider trading record
https://www.canadianinsider.com/company?ticker=ABN
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Stock Information
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Ticker Symbols:
TSX Venture, Canada: ABN.V
United States of America: OTCQB Market: ABNAF
Frankfurt Exchange, Germany: E2L2
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Stock charts and stock trading
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Canada: TSX Venture Exchange (share price in Canadian Dollar)
ABN.V Daily chart
https://stockcharts.com/h-sc/ui?s=ABN.V&p...3377072265
ABN.V Weekly chart
https://stockcharts.com/h-sc/ui?s=ABN.V&p...3880278736
ABN.V Monthly chart
https://bigcharts.marketwatch.com/advchart/fr...p;state=10
ABN.V Last 10 trades, Bid, Ask, Volume
http://www.stockwatch.com/Quote/Detail.aspx?s...p;region=C
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USA: OTCQB (share price in US Dollar)
ABNAF Daily chart
https://stockcharts.com/h-sc/ui?s=ABNAF&p...8136657349
ABNAF Weekly chart
https://stockcharts.com/h-sc/ui?s=ABNAF&p...3797599655
ABNAF Monthly chart
https://bigcharts.marketwatch.com/advchart/fr...e=2&ti
ABNAF Last 10 trades
http://www.stockwatch.com/Quote/Detail.aspx?U:ABNAF
ABNAF Bids, Asks, Volume
https://www.otcmarkets.com/stock/ABNAF/quote
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Germany: Frankfurt Stock Exchange (share price in Euro)
E2L2 Weekly chart
https://bigcharts.marketwatch.com/advchart/fr...p;state=10
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Outstanding Shares, Warrants, Options
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Outstanding warrants and options
https://investorshangout.com/images/MYImages/...ptions.jpg
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Video presentation - Golden Triangle and Forrest Kerr mining project
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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 project
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 Project, Yukon
https://www.abenresources.com/projects/justin/
https://investorshangout.com/images/MYImages/...roject.jpg
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)
Pringle North project in Red Lake, Ontario
In July, 2021 Aben acquired the Pringle North property in Red Lake, Ontario and completed the Magnetic Survey for mineralization study. Unlike the Golden Triangle of British Columbia where drilling is seasonal, the Red Lake Mining District enables a year-round mining operation due to its mild winter temperature. The region has produced over 22 million ounces of gold through 2004, worth over $US 35 billion at 2014 prices. The two principal mines, Campbell and Red Lake, both have historic ore grades averaging about 0.57 oz/ton (22 g/tonne) gold.
Slocan Graphite project in southern British Columbia
In November, 2021 Aben executed a formal option agreement with Eagle Plains Resources Ltd. for exclusive right to earn a 100% interest in the Slocan Graphite Project located 34km northwest of Castlegar, British Columbia. The Slocan Graphite project consists of 2,387 hactre (23.87 square kilometer) hosting several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone, which is interpreted to extend over 2.0km.
Graphite is a naturally occurring form of carbon and is an excellent conductor of both electricity and heat. It is becoming increasingly important as a critical strategic component in advancing alternative energy solutions including wind and solar power, hybrid vehicles and other alternative energy uses. It is also a mainstay of the steel production industry. Canada is currently ranked as the 5th largest supplier of graphite.
Past workers in the area concluded that geological, assay, and geophysical data indicate significant potential to form an economic deposit” (BC Assessment Report 26537). Eagle Plains geologists also confer that the high-quality, large flake graphite, spatial extent of conductivity from a 2010 airborne electromagnetic survey in the prestine unexplored region, excellent proximity to infrastructure and the favorable economic outlook for graphite as a strategic commodity make Slocan Graphite a compelling project for exploration and discovery.
Located 1.5 Km west of Slocan Graphite project is Eagle Graphite Inc.'s processing plant which operates at a throughput rate of 20 tonnes of feed per hour, a rate roughly equivalent to an annual output of 4,000 tonnes of high carbon natural flake graphite. Eagle Graphite Inc. is in the business of mineral exploration and is actively engaged in the acquisition, exploration and development of graphite properties in British Columbia.
Slocan graphite project, 34 Km northwest of Castlegar, British Columbia
https://www.google.ca/maps/place/Castlegar+Ca...17.6631546
https://investorshangout.com/images/MYImages/...ite_16.png
2017 BC Government Geological Survey Assessment Report 37398 in the Slocan Graphite region
(Scroll down to page 18, 19, 20 to see what minerals are found in Slocan Graphite area)
https://aris.empr.gov.bc.ca/ARISReports/37398.PDF
Case history in the Slocan Graphite region: In May, 2014 Anglo Swiss Resources sold its Blu Starr gold property for $5.9 million. Blu Starr is in the vicinity of Aben's Slocan graphite property in southern BC. Anglo Swiss Resources subsequently acquired low grade gold properties in Northern Sweden, changed name to Gungnir Resources and now devotes all its financial resources in Northern Sweden. What makes the Slocan graphite property significant is that not only there are large flake graphite there are also garnet which is used in jewellery. That is why James Pettit is so excited in acquiring the Slocan graphite property, it could add millions of dollar to Aben's assets.
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Management's track record of past explorations
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Mr. Ron Netolitzky and Mr. Timothy Termuende were appointed to the Board of Directors on March 3, 2011, they are experienced geologists with successful exploration track record.
https://sedar.com/GetFile.do?lang=EN&docC...Id=2832083
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.
https://investorshangout.com/images/MYImages/...essold.jpg
CEO James Pettit sold Bayfield Ventures to New Gold Inc. in the $16.6 million deal
https://m.marketscreener.com/quote/stock/BAYF...-19365314/
Tim Termuende sold Copper Canyon Resources to NovaGold in the $62 million deal
https://www.northernminer.com/news/copper-can...000404723/
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Other buyout deals in the Golden Triangle of British Columbia
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Placer Dome and International Corona acquired Stikine Resources at $67 per share
https://www.rockridgeresourcesltd.com/news-an...tent_id=60
Imperial Metals acquired American Bullion Minerals at $2.45 a share
https://www.imperialmetals.com/for-our-shareh...an-bullion
Newmont acquired GT Gold at $3.25 per share
https://www.newmont.com/investors/news-releas...fault.aspx
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Media commentary and interview with CEO James Pettit
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Equity.Guru video: Aben Resources' (ABN.V) golden triangle opportunity explained by Fabiana Lara
https://www.youtube.com/watch?v=-Mj2R4jvb0A
June 13, 2019 - Update on Justin project and Forrest Kerr project
https://www.youtube.com/watch?v=13goOuptl_w
2018 - Silver and Gold Summit - High grade gold and copper discovery in Forrest Kerr
https://cambridgehouse.com/video/8213/highgra...ources-ltd
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Aben Resources's Youtube communication channel - Ellis Martin Report
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Tune in from time to time for James Petit's update on the company's operation in Slocan Graphite project in southern BC, Pringle North project in Red Lake, Ontario, Forrest Kerr in the Golden Triangle of BC and Justin gold project in Yukon. Subtitle will be displayed by clicking CC in the task bar.
https://www.youtube.com/results?search_query=...p=CAI%253D
November 10, 2021 - Acquisition of Slocan Graphite property, update on exploration in Red Lake
https://www.youtube.com/watch?v=ZhZ8qcKI7ZI
July 12, 2021 - Acquisition of Pringle North gold property, update on exploration in Forrest Kerr project, plan for Justin gold project
https://www.youtube.com/watch?v=qmdY2w6blFQ
November 4, 2020 - update on Forrest Kerr project and Justin projects
https://www.youtube.com/watch?v=V8EDHkiOhWA
June 13, 2019 - Update on Justin project and Forrest Kerr project
https://www.youtube.com/watch?v=13goOuptl_w
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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://investingnews.com/company-profiles/ab...-triangle/
http://energyandgold.com/2018/05/08/aben-reso...-triangle/
https://www.investorideas.com/news/2019/main/...ources.asp
https://www.streetwisereports.com/article/201...angle.html
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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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Aben Resources's drill assay and potential gold resource
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Map of Forrest Kerr and the Boundary Zone.
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
Assay comparison between GT Gold and Aben Resources
Being a close neighbor to Eskay Creek mine with similar geology, Forrest Kerr can potentially has similar gold deposits.
https://investorshangout.com/images/MYImages/...tlines.jpg
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
Visible gold in hold FK18-10
https://investorshangout.com/images/MYImages/...stKerr.jpg
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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.
The following are mining explorers operating in the prolific Golden Triangle of British Columbia. Share prices are not up to date, they are for comparison only. With Aben's spectacular high grade / visible gold occurrence in the North Boundary zone of Forrest Kerr and potential bonanza discovery and with share price at rock bottom level, Aben offers investors the best value at basement entry level.
1 RG.V Romios Gold Resources $0.040 https://stockcharts.com/h-sc/ui?s=RG.V&p=...3258189645
2 DEC.V Decade Resources $0.040 https://stockcharts.com/h-sc/ui?s=DEC.V&p...1633995508
3 ABN.V Aben Resources $0.050 https://stockcharts.com/h-sc/ui?s=ABN.V&p...7496113214
4 MRO.V Millrock Resources $0.050 https://stockcharts.com/h-sc/ui?s=MRO.V&p...6836544963
5 SKYG.V Sky Gold Corp $0.100 https://stockcharts.com/h-sc/ui?s=SKYG.V&...4081325604
6 ENDR.V Enduro Metals Corporation $0.180 https://stockcharts.com/h-sc/ui?s=ENDR.V&...0889726269
7 SCOT.V Scottie Resources $0.170 https://stockcharts.com/h-sc/ui?s=SCOT.V&...5282581933
8 MTB.V Mountain Boy Minerals $0.170 https://stockcharts.com/h-sc/ui?s=MTB.V&p...5090334703
9 GLDN.V Golden Ridge Resources $0.170 https://stockcharts.com/h-sc/ui?s=GLDN.V&...4998380595
10 BBB.V Brixton Metals Corporation $0.130 https://stockcharts.com/h-sc/ui?s=BBB.V&p...4146375562
11 AMK.V American Creek Resources $0.175 https://stockcharts.com/h-sc/ui?s=AMK.V&p...4902895968
12 EVER.V Evergold Corp $0.140 https://stockcharts.com/h-sc/ui?s=EVER.V&...9306455150
13 GGI.V Garibaldi Resources Corp $0.250 https://stockcharts.com/h-sc/ui?s=GGI.V&p...6339012581
14 SASY.CA Sassy Resources $0.390 https://stockcharts.com/h-sc/ui?s=SASY.CA&...7712944421
15 MTS.V Metallis Resources $0.270 https://stockcharts.com/h-sc/ui?s=MTS.V&p...3708570676
16 DV.V Dolly Varden Silver Corp $0.500 https://stockcharts.com/h-sc/ui?s=DV.V&p=...0211663558
17 AOT.TO Ascot Resources $1.050 https://stockcharts.com/h-sc/ui?s=AOT.TO&...1773813526
18 QEX.V QuestEx Gold & Copper $0.780 https://stockcharts.com/h-sc/ui?s=QEX.V&p...7398162842
19 BNCH.V Benchmark Metals $1.020 https://stockcharts.com/h-sc/ui?s=BNCH.V&...8185217032
20 ESK.V Eskay Mining Corp $2.120 https://stockcharts.com/h-sc/ui?s=ESK.V&p...2221768177
21 TUO.V Teuton Resources Corp $2.220 https://stockcharts.com/h-sc/ui?s=TUO.V&p...1926720407
22 TUD.V Tudor Gold Corp $2.240 https://stockcharts.com/h-sc/ui?s=TUD.V&p...7186783346
23 SKE.TO Skeena Resources $12.620 https://stockcharts.com/h-sc/ui?s=SKE.TO&...2377942100
24 III.TO Imperial Metals Corp $3.900 https://stockcharts.com/h-sc/ui?s=III.TO&...3507076263
25 PVG.TO Pretium Resources $12.680 https://stockcharts.com/h-sc/ui?s=PVG.TO&...6630983759
26 ELD.TO Eldorado Gold Corp $10.050 https://stockcharts.com/h-sc/ui?s=ELD.TO&...6093748522
27 SEA.TO Seabridge Gold $19.600 https://stockcharts.com/h-sc/ui?s=SEA.TO&...0125765441
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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Price chart for Gold, Silver, Copper, XAU Mining Index
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Gold Price weekly
https://stockcharts.com/h-sc/ui?s=%24GOLD&...9325303251
Silver Price weekly
https://stockcharts.com/h-sc/ui?s=%24SILVER&a...5832796445
Copper Price weekly
https://stockcharts.com/h-sc/ui?s=%24COPPER&a...7009666446
XAU Mining Index weekly
https://stockcharts.com/h-sc/ui?s=%24XAU&...0985509425
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Gold, XAU, ABN.V
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Long Term Trend:
Dec 2022 Gold Future Annually
https://bigcharts.marketwatch.com/advchart/fr...2&x=37
XAU Annually
https://bigcharts.marketwatch.com/advchart/fr...=49&y=
Short Term Trend:
Dec 2022 Gold Future Monthly
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
XAU Monthly
https://bigcharts.marketwatch.com/advchart/fr...38&y=5
ABN.V Monthly
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
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Chart Technicality
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Chart is not only a historical record, quite often it can predict the future, it is an important trading tool, 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 reliable and predictable chart pattern among all chart formations, Nature works mysteriously, no one knows why.
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 share price scenario
https://investorshangout.com/images/MYImages/...hefire.gif