NEW: No-Cost Streetwise Live! Events. This type of intellectual capital is usually not made available to the general public. Learn More

Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: ABN; ABNAF

Gold Explorer Advances Drill Program at BC Property
News Update

Share on Stocktwits

Source:

Aben Resources is proceeding with pad building at its Forrest Kerr Project in northwestern British Columbia and expects its drill program to be fully operational within a week.

Aben's Forrest Kerr Gold Project

In a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that "its 2020 field season is proceeding well and will be moving into the next phase which will include Pad building in advance of the arrival of the drill." The firm advised the drill program should be up and running within a week.

"The field program, to date, has been very encouraging as the crew has been successful in further delineating our initial drill targets for this season." the company stated. The firm commented that it first outlined the initial zone of interest in a prior news release and that the field crew will continue scoping out future targets to keep drilling well into September.

Aben Resources also advised that it has granted incentive stock options to its directors, officers, employees and consultants pursuant to its stock option plan which allows for purchases in aggregate up to 4.6 million common shares in the capital stock of the company. The firm noted that the options are exercisable for a period of two years at a price of $0.13 per share and were issued under its 10% rolling stock option plan approved by its shareholders in July 2018.

The company pointed out that its wholly owned Forrest Kerr property includes four separate claim blocks composed of 56 mineral claims covering 23,397 hectares. The firm has identified numerous areas of interest since it began exploration work at the property in 2016 and since that time it has drilled 70 holes totaling 21,968 meters. "The Boundary Valley hosts significant surface gold mineralization and complex structural intersections, both of which are important indicators of the potential for discovery of more sub-surface high-grade gold mineralization," the company indicated.

[NLINSERT]

Disclosure:
1) Stephen Hytha 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. 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.
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.




Learn More about Streetwise Reports Live

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe