The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Aben Resources Ltd. July 6 said it has consolidated a 23,000-hectare (56,833 acres) land package in the Golden Triangle region of Northwest British Columbia by staking and acquiring land claims in this prolific region.
Individual agreements were executed between Aben and Equity Exploration Consultants, Kiska Metals and CVE, a private third-party, whereby Aben will acquire a 100 percent interest (less underlying net smelter return royalties) by issuing seven million shares and completing C$3 million in exploration expenditures by June 2020.
Aben also staked 6,300 hectares (15,567 acres) of claims in the area.
Dubbed Forrest Kerr, this newly consolidated land package is located along the Forrest Kerr Fault, immediately north of the Iskut River and has road access at the northern and southern limits of the property.
Drilling throughout the project area is relatively limited.
Drilling highlights on the RDN property being acquired from Kiska include drill-hole RG91-16 at the Boundary Zone, which returned 10.2 grams per metric ton gold over 17 meters; and RG91-21, which returned 101 g/t gold over 1.95 meters and 137.8 g/t gold over 0.85 meters.
On the Forgold package, being acquired from CVE, hole FG91-2 returned 3.87 g/t gold over 1.58 meters and FG91-3 returned 19.2 g/t gold over 0.82 meters.
Drilling on the Forrest claims being acquired from Equity returned up to 39.7 meters grading 1.78 g/t gold.
Aben intends to immediately initiate a comprehensive data compilation, bringing all historical work into a single GIS database.
This work will be followed by fieldwork aimed at determining drill targets for a possible fall, 2016 drilling campaign.
Permitting for the drilling activity is currently underway.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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