Tag: V.ABN

Aben Intersects Additional, Shallow High-Grade Gold Mineralization at the North Boundary Zone of the Forrest Kerr Project in BC’s Golden Triangle

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Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces that additional analytical results have been received from the early-stage drilling at the 23,000 hectare Forrest Kerr Property (the “Property”) located in the Golden Triangle region of British Columbia. The eight drill holes reported here consist of step-out drilling at the North Boundary Zone and most of the holes intersected shallow, high-grade gold mineralization. Highlights include: 5.08 g/t Au over 12.0m in hole FK18-12; 23.3 g/t Au over 2.0m in hole FK18-13; and 10.62 g/t Au over 3.0m in hole FK18-17. To date, final analytical results have been received for 3,000m of a total projected 10,000m (table of values and hole descriptions near end of release). read more

Aben Resources Closes $950,000 Flow-Through Private Placement

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Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (the “Company”) has arranged and closed a non-brokered private placement of 2,375,000 flow-through common shares at a price of $0.40 each for gross proceeds of $950,000. The financing was placed with institutional investors. The Company intends to utilize the proceeds from the private placement on the expansion of its 2018 exploration and drilling program at its Forrest Kerr Gold Project located in the Golden Triangle region of British Columbia. The Company had originally announced and budgeted for up to 5000 metres of drilling and now intends to at least double that amount this year. read more

Aben Discovers “South Boundary” Mineralized Zone 1.5km South of North Boundary Zone at Forrest Kerr Project in BC’s Golden Triangle

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Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to provide an update on its exploration drill program currently underway at the Forrest Kerr Property in BC’s Golden Triangle. The Company has intersected mineralization 1.5km south of the North Boundary Zone in a newly discovered area called the South Boundary Zone. Aben has now completed 4,850 meters of drilling in 16 holes at Forrest Kerr in 2018. The majority of drilling has taken place at the North Boundary area where high-grade precious and base metal mineralization was discovered in 2017 drill holes as well as in the first reported drill hole of 2018 (see news release dated August 9th, 2018). The ongoing drill program has been expanded and will continue well into the Fall. read more

Aben Resources Announces $4 Million Private Placement Led by Eric Sprott

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Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces a non-brokered private placement of up to 13,333,333 units at a price of $0.30 each to raise gross proceeds of up to $4,000,000.  Each unit will consist of one common share and one warrant (each, a “Warrant”) exercisable to purchase one additional common share at a price of $0.45 each for a period of two (2) years from the date of issuance. The lead order is for $2,000,000 from Eric Sprott who will subscribe for 6,666,667 million Units. Additionally, Palisade Global Investments will subscribe for 2,750,000 million Units and Venture Ad Network will subscribe for 600,000 Units. read more

Aben Intersects Mineralization Early in Drill Program at Forrest Kerr Project in BC’s Golden Triangle

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Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to provide the following progress update on its 2018 exploration and drilling program at its 23,000-hectare Forrest Kerr Gold Property located in British Columbia’s Golden Triangle region. The first five holes drilled at the high grade North Boundary Zone have encountered mineralization and the drill core has been sent to the assay labs and final geochemical assays are pending. These holes have transected rock that has been strongly altered with quartz-sericite-pyrite with variable chlorite and strong calcite and hematite throughout. The pervasive nature of the alteration is evidence toward the strength of the hydrothermal system that operated through time in this part of the Property. Several fault and shear zones have been encountered in each hole, which have been interpreted and observed as the likely host to Au-Ag-Cu mineralization. This area of the Forrest Kerr Property hosts gold-silver-copper in rock and soil anomalies that span in excess of 2 km by 4 km and remain under-explored. read more

Aben Starts 2018 Drilling at High-Grade Boundary North Discovery in BC’s Golden Triangle Region

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Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to announce that the drill is now turning at the Boundary North Zone discovery at the Company’s 100% held 23,000-hectare Forrest Kerr Gold Project located in BC’s Golden Triangle region. Aben’s 2018 program will encompass a 5000-metre diamond drilling program in approximately 18 holes with the potential for program expansion. read more