Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: ABN; ABNAF

Explorer Continues to Show Polymetallic Mineralization at Golden Triangle Project
News Update

Share on Stocktwits

Source:

With recent results, the Canadian company expanded its gold-silver-copper footprint in a single zone at the property.

Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release that analytical results from the ongoing 2019 drill program at Forrest Kerr in British Columbia's Golden Triangle continue to show widespread polymetallic mineralization throughout the North Boundary zone.

The latest findings are from five holes drilled at the margins and well outboard of the main core of mineralization at North Boundary.

For instance, hole FK19-52 returned a 16 meter (16m) interval between 323m and 339m that averaged 2.22 grams per ton (2.22 g/t) gold, 2.39 g/t silver and 3,050 parts per million (3,050 ppm) copper. The zone also contained two different 1m high-grade intervals of 19.85 g/t gold, 9.1 g/t silver, 6,810 ppm copper and 11.3 g/t gold, 8.7 g/t silver and 14,900 ppm copper.

Specifically, at North Boundary thus far, Aben has defined gold-silver-copper mineralization over a 600 meter by 250 meter area.

Overall, Aben drilled 21 holes covering about 8,000m at Forrest Kerr's North Boundary. It aims to increase that to 10,000m by the end of this month. "The 2019 drill program will focus on increasing the mineralized footprint in the Boundary valley and will seek to discover a heat and mineralizing source for the robust hydrothermal system present on this part of the property," the release noted. "As a result, analytical results are expected to continue to exhibit a range of values from trace to high grade."

In other news, Aben renegotiated with Sandstorm Gold the terms of certain royalty agreements over its Yukon-based Justin and Hit properties. The new settlement agreement reflects a reduction from 3% to 2% in Aben's royalty obligation to Sandstorm and a termination of Aben's obligation to make advance royalty payments to Sandstorm.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Aben Resources. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Aben Resources. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aben Resources, a company mentioned in this article.





Want to read more about Gold, Base Metals and Silver investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe