Aben Hot On The Trail Of Big Discovery At Forrest Kerr

Aben Resources is creating a lot of excitement with its exploration program at its Forrest Kerr Project in the Golden Triangle this summer. Last week Aben announced that it has discovered mineralization 1.5 kilometers south of the North Boundary Zone in a newly discovered area called the South Boundary Zone.

Aben drilled 3 holes which targeted a prominent soil geochemical anomaly (Au, Cu) that trends southward over 2km. All 3 holes at the “South Boundary Zone” intersected broad horizons of quartz-sulfide veins containing abundant pyrite and copper (chalcopyrite) mineralization – this is the same chalcopyrite that has been indicative of strong precious metals values throughout the rest of the 4km x 2km Boundary Zone. Aben’s August 23rd news release explains this new discovery further:

“The target at the South Boundary Zone is an area of interest due to the elevated gold in rock and soil values that are coincident with an historic electromagnetic (“EM”) conductive geophysical anomaly. Aben is highly encouraged that the mineral potential of the Forrest Kerr property has been greatly expanded through drilling at the newly discovered South Boundary Zone.”

To put this in layman’s terms Aben has hit the same sort of chalcopyrite mineralization as other high-grade holes that have been drilled at Forrest Kerr. Moreover, this area that is now being called the South Boundary Zone was identified due to strong geochemical and geophysical anomalies.

Aben CEO Jim Pettit explained on a phone call Friday that the area (South Boundary) lit up “like a Christmas tree” on the geophysical survey that they conducted of the area. Pettit went on to add:

“This new discovery of mineralization 1.5km south of the North Boundary Zone is a major development for the Company and further highlights the robust discovery potential at the Forrest Kerr Project. The mineralizing system at the property is apparently widespread and well-developed with high-grade mineralization being discovered at shallow depths over a large area. We believe we have only just scratched the surface at the newly discovered North and South Boundary Zones and an expanded drill program is currently underway with assays pending for most of the holes drilled to date.”

Aben is on to something potentially very big here at Forrest Kerr. The company sent the core for the 3 South Boundary holes off to the lab for rush assays which should be returned within two weeks. Depending upon the assay results from these holes Aben may add a second rig at Forrest Kerr for the remaining 4-5 weeks of its summer 2018 exploration program.

The key here is that Aben is making discoveries in close proximity and on trend with the most prolific geologic contact in the Golden Triangle, the contact between the Jurassic Hazelton Group and the Triassic Stuhini Group. Even more importantly the Boundary Zone at Forrest Kerr consists of the Hazelton Group of rocks which is known to be a prolific host to several deposits in the Golden Triangle.

Aben’s Forrest Kerr Project is literally right in the heart of the Golden Triangle and it is surrounded on all sides by former mines, existing mines, and world class exploration projects:

All signs are pointing to the notion that Aben is on to something special at Forrest Kerr and we may not have to wait long before we receive confirmation of this.

ABN shares have been stubbornly well bid since the blockbuster step-out drill hole FK18-10 was reported on the morning of August 9th:

ABN.V (Daily)

This is a bullish sign because the strongest stocks will not allow newcomers to buy in on a pullback, they will be forced to pay ‘full price’. Above resistance near C$.50 I believe ABN shares could easily have an additional 60%+ of short term upside, meanwhile, C$.40 should continue to be support until proven otherwise.

Disclosure: Author is long ABN shares at time of publishing and may buy or sell at any time without notice.



The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Aben Resources Ltd. is a high-risk venture stock and not suitable for most investors. Consult Aben Resources Ltd’s SEDAR profile for important risk disclosures.

EnergyandGold has been compensated to cover Aben Resources Ltd. and so some information may be biased. EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.

This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.