Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) recently announced that the first five holes drilled at the high grade North Boundary Zone in the 23,000-hectare Forrest Kerr Gold Property located in British Columbia's Golden Triangle region have encountered mineralization. Consequently, the drill core was sent to the assay labs and final geochemical assays are pending.
Within each hole, several fault and shear zones were encountered. Because of these encounters, the company estimated it is likely they host Au-Ag-Cu mineralization. Additionally, it is known that gold-silver-copper in rock and soil anomalies that span in excess of 2 km by 4 km are in this area of the Forrest Kerr Property.
"Notable regional discoveries by Pretium, GT Gold, Garibaldi Resources and others have illustrated the significant discovery upside remaining in the district and we are confident in the potential at Forrest Kerr given the newly discovered and historic high-grade mineralization there as well as the numerous untested gold-in-soil anomalies present," said the company's president and CEO, Jim Pettit.
Furthermore, within the 23,000-hectare property area, Aben currently owns certain mineral tenures outright, and it has the exclusive right to a 100% interest there, due to agreements with a variety of third parties.
Read what other experts are saying about:
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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 and Pretium Resources. Click here for important disclosures about sponsor fees.
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.
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 one week after the publication of the interview or article. 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 and Pretium Resources, companies mentioned in this article.