The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
ABN: TSX Venture Exchange
Chairman: Ronald Netolitzky, M.Sc. Geology
President: James G. Pettit
Qualified person: Carl Schultz, B.Sc., P Geo.
Project manager: Aaron Higgs
Aben Resources Ltd. is a Canadian gold and silver exploration company actively involved with the development of properties in Yukon Territory, Northwest Territories, Saskatchewan and Ontario.
The company has an extensive proprietary database for the Yukon as well as the rights to 172,732 hectares (426,821 acres) of prospecting permits in the NWT. In May, Aben said it engaged TerraLogic Exploration Inc. of Cranbrook, B.C. to oversee all aspects of a C$5 million 2011 exploration and drilling program at its Yukon and Northwest Territories projects.
These include the 1,100-acre Hit gold project located 27 kilometers (16 miles) north-northeast of MacMillan Pass in central Yukon Territory, the 31,382-acre Rude Creek gold, copper and molybdenum project located in the Dawson Range, Yukon and the 426,821-acre (1,727 square kilometers) Selwyn Recce prospecting permits project located to the east of ATAC Resources Ltd's Rackla gold project.
Work planned included additional staking, soil and silt sampling, geophysical surveys and diamond drilling.
Aben said exploration was to commence by mid-June at the 2,718-acre Rusty Springs project located north of Dawson City where notable drill results include 1,140 grams per metric ton (33.27 ounces per ton) silver, 4.72 percent lead and 2.30 percent copper over 37.5 meters from surface, and would follow at the Hit and Rude Creek gold projects.
The junior also reported that four to five weeks of exploration with about 2,000 meters of drilling from four pads would start in early August at the 80-claim Justin (Sprogge) gold project located in east-central Yukon about 35 kilometers south of the recently re-opened Cantung Mine.
The property returned historical grab samples including up to 59.25 g/t gold, and historical chip samples grading 2.38 g/t gold over 22.5 meters.
By June 30, Aben said it had incurred C$53,421 in acquisition costs and about C$1.4 million in exploration expenditures at the Selwyn Recce project.
Cash and short-term deposits:
C$6.6 million (at June 30, 2011)
Working capital:
C$6.2 million (at June 30, 2011)
Market capitalization:
C$17.17 million (at Sept. 2, 2011)
Aben Resources Ltd.
2230 - 885 West Georgia Street
Vancouver., BC
Canada V6C 3E8
Ph: 604-687-3376
Fax: 604-687-3119
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