Justin gold project, Yukon .....................
Post# of 1088
Justin gold 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).
James Pettit is waiting for NI 43-101 Technical Report on Justin project, he may keep the project or sell it at $9 million just as its adjacent neighbor Golden Predator's 3 Ace property did:
VANCOUVER, British Columbia, May 26, 2020 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) announced today that it has closed the sale of its 100% interest in the 3 Aces gold project to Seabridge Gold Corp. for 300,000 Seabridge common shares ($6.67 million valuation as of Friday’s close), contingent future cash payments totaling $2.25 million and a continuing royalty participation in the project by Golden Predator.
In addition to the Seabridge shares and grant of royalty, the acquisition agreement provides for additional payments to Golden Predator of $1 million upon confirmation of a mineral resource of 2.5 million ounces of gold on the 3 Aces property, and a further $1.25 million upon confirmation of an aggregate mineral resource of 5 million ounces of gold.
Golden Predator's 3 Aces property potentially worths $6.67 million plus $2.25 million = $8.92 million
https://www.globenewswire.com/news-release/20...ments.html
Subsequently Golden Predator and Arizona Gold merged to form Sabre Gold:
https://www.mining.com/golden-predator-arizon...old-mines/
Aben Resources's exploration expenses in Yukon (Justin project) and NW Territory (Selwyn Recce project)
2011 $4,205,874
2012 $2,852,906
2013 $299,142
2014 $118,259
2015 $18,305
2016 $33,635
2017 $64,892
2018 $155,544
2019 $1,315,196
2020 $(179,251)
2021 $30,433
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Total: 8,914,935
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Exploration expenses in Forrest Kerr
2016 $91,662
2017 $896,753
2018 $2,347,549
2019 $2,760,389
2020 $835,566
2021 $147,922
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Current Total: $7,079,841
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https://sedar.com/DisplayCompanyDocuments.do?...o=00005652